The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-12-01
SAID RATES WILL
NOT BE EXCESSIVE
M. w. A. COMMITTEE SAYS NEW
SCHEDULE WILL BE LOWER
THAN FRATERNAL CON-
GRESS RATES.


the readjustment question, which will
be settled at the special session of the
read camp. to convene i'm Chicago on
Jan. 23. Up to this time the special
committee appointed some weeks ago
| by the executive council had not sub
mtted any plan outlining new rates
that will be recommended To the head
camp delegates, and it is not antici-
pated that the committee will make
known it's complete plans until the
head camp conVenes.
The executive council is not recon-
Intending the adoption of any special
rate plan to the committee but instead,
the records of the organization during
the twenty eight years OF its existence
are at the disposal of the committee,
so that all of the necessary data that
will be required in formulating a new
plan can be thoroughly gone over.
Present Rates Apply Next Year.
The executive council has advised
the delegates who will attend the head
camp session that if the rates are
changed and II Is quite possible that
they will be, 1t will be impossible to
make the new table effective short of
six months. and preferably short of one
year, following its adoption. The bust
ness system of the society will not per-
nit the application of the new rates
within less than six months after
their adoption, and il would be a great
er convenience to defer their applica-
ton for one year. In view of this fact
If a new table is adopted in January,
it will not likely become operative un-
til January, 1913. With this fact in
mind the members of the society have
little reason to become agitated or
alarmed at this time.
The executive councils idea in nam
| ing n readjustment committee so far
| in advance of the head camp session
was to give it ample time to make a
most searching inquiry into the more
vital questions that will be necessary
to consider in adopting an adequate
plan of rates. The council has predict
ed that when the new rates are adopt
ed they will be such that the society
will still maintain the distinction of
furnishing insurance at cheaper cost
than any other fraternal organization
in existence. and they express the be-
lief that the members will approve of
the head camps action and will be per-
fectly satisfied with the new schedule.
Various Plans Discussed.
The committee has already indicated
to the delegates, who will attend the
head camp session, the views enter
tanned by its members with reference
to readjustment affairs. After pre-
Iliminary investigasfon-by its members
the committee has submitted three
| Fundamental propositions, facts i'm sup
port of which will be developed, and
will be placed in the hands of the dele
gates prior To the head camp session.
In admitting these propositions the
committee expresses the belief that it
will not be necessary to adopt as high
a schedule of rates as that included in
the National F'raternal congress table,
under which a number of the fraternal
societies are now operating The prop
ostions submitted by the committee
are as follows:
"First-It has been stated i'm many
quarters that this question of change
i'm rates has been forced upon our So
ciety by the enactment into law of a
legislation known as the Mobile bill.
This is only partially true. The terms
Of the Mobile bill undoubtedly demand
consideration and action by our socie-
ty. but if the Mobile were not written
into the statutes of any state, this
problem of readjustment would still be
upon us. Therefore. We are required
primarily TO consider the facts of our
history and the society's present con-
dition, and incidentally to take note OF
the fact that the requirements of the
Mobile bill must be complied with,
and without delay.
"Second-We will be able, employing |
our own past experience as guide in
devising rates and plans for our future |
to adopt rates substantially lower, at
all ages, than those that may be re-
duced from the National Fraternal |
congress table of mortality. This, we |
are permitted to do under the terms of
the Mobile bill, and because the weight |
of actuarial authority is with us in the |
view that a mortality table constructed |
from our extensive past experience
an unquestionably reliable /
guide by which to shape our future
course. In this respect, we are espe-
cially well situated, because the terms
Of the Mobile bill protect the insuring
public from like procedure on the part
Of other fraternal organizations. whose
history of lives at risk or years of OPP
Grafton will not fairly permit them to
write business upon rates lower than
hose that may be deduced from the
National Fraternal congress table or
some higher standard table of mortali-
y. Thus, we may positively say at
his time that our society may adopt
adequate rates, carrying absolute guar
Intees of permanency and safety, and
uch rates will be lower than those I
hat can be offered by any other socie- II
y guaranteeing the same sound and Il
afe insurance. In
"Third--The question of rate ade- :
rather, the solution of this
uestion--does not imply that we are
paftaA 10 fbo aHnpfiot, IF ono t,lan |