Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1911-05-19
MODERN WOODMfN IN FINE SHAPE.

ginia and Illinois Insurance Com
missioners has been completed.
The report shows that the society
is in excellent condition.
The report states that the society
is the leading fraternal society of
this country, and has a remarkable
growth. 1t has a bona fde lodge
system, with a ritualistic form of
work and representative form of
government, and its affairs on the
whole are we'll and economically
managed.
"The society has had an excep-
tionally low mortality experience
in the past, and careful exami-
nation of the experience of the past
ten years seems to fully warrant the
expectation that the results in the
future will be no less favorable" !"
The low mortality experience is
accounted for by the very high
standards adopted governing the
admission of new members. The
precautionary measures which sur
round and protect it from many of
the risks to which the ordinary
life insurance company is subject
are reflected in the mortality ex-
perience.
If the same methods of selecting
new members and wedding out un-
desirables are followed in the future
it seems entirely reasonable to sup
pose that the past expert ence of
the society will be a fair guide to
what may beexpectedin the future.
Tie report further statec that
"the society has IA 1924 subordinate
lodges distributed throughout 45
States and Canada" " During the
year 1910 there were written 163,-
238 certificates, and the net gain
in beneficial membership was 49,
O36.
Beneficial members in good
standing December 81, 1910, L.
129,S05.
Insurance in force December 81,
1910, 81, 1856, ,09S, 900.
Average amount of certificate in
force, 81 5000.
Loss rate per 81 900 insurance in
force in 1910, S6.40.
Death rate per 1000 members in
1910, 5.97.
Lapse rate per 900 members in
1910. 2.39.
Average age of member, Decem,
Der 81, 1910, 1856 years.
The total admitted assets of the
society December 81, 1910, are
shown to be $S, ,561 ,927,11.
The report states that theinvest-
ment of the society have been con-
fined exclusively to the purchase of
municipal bonds. The par value
of bonds is So ,222, ,747,66 and the
rate of interest earned averages
about a per cent. on the par value.
The amount on deposit in the var
ious banks if verified by shown
statements of the president and
cashier of the 104 banks designated
as repositories, and shows total
in said banks on December 81, 1910,
of 81, ,406, 1852 ,5S.
The report states that eve made
careful examination of all claims
paid and of those remaining unpaid.
We assertained that as rule the
society paid its claims promptly
and in full" "
On October Is, 1907, an organi-
zation was formed for the purpose
of establishinga sanatorlum for the
care of members of the society
afflicted with the early stages Of
tuberculosis. The trustees pur-
chased | ,210 acres of land in Ell
Paso county, Col. The total amount
received for sanatorium pur oses
to December 81, 1910. was S417,-
527, 10. At the present time the
society has $50 cottages for patients,
3 cottages for superintendents and
25 cottages for help and dining
room. The sanitorium is operated
without any expense to the patients.
The Modern Woodmen of Amer
lea has paid death claims since date
of organization amounting to $94 :
122, ,351. The society is % years
old.
Agents WaEted.