The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1912-03-01
Insurgents viii Sure Be Baked
In Their Purpose.
MUST CREATE RESERVE FUND
Action Taken to Have No Effect
On the Membership Of
This Order. =

st. Paul, February Eff the Gin
surgents" in the Modern Woodmel
of America, who met last week in
Minneapolis, desire to secede and
from another fraternal insurance so
ciety, they will be compelled to adopt
rates provided in the National Fra
ternal Congress Mortality table in or
der to get a Minnesota license. ac
cording to J. A. o. Preus. state insur.
ance commissioner. These rates
would be higher than the new rates
adopted by the Modern Woodmen
against which the insurgents are
fighting, thereby defeating their OBJ
ject. he said >e@r. r. ...t
Opposition Will BE of No Avail.
- The opposition of the insurgents
to the order in raising its rates
will be of no avail" Mr.. Preus said
Nothing can be accomplished either
through the courts or the different
states departments of insurance, to
rescind the action of the order.
'tNor is the order itself in 4 posi-.
ton TO make any change, because
the new rates of the society will
go into effect January l, 1913, where
rs the next convention of the Mod.
ern Woodmen will be in June, 1914,
and the officers who could call a
convention before that time. all favor
the new rates. ~
IF Il group of members of the
NJ. w. of A. secede and endeavor to
obtain license from the state in
surance department of Minnesota a
license could be given only in case
rates were charged by the new or,
ganization, which would equal the
so-called National Fraternal Congress
Tables of Mortality with interest at
per cent. These rates are equal
to Or higher than the new rates of
the NJ w. A. -. 81. -.
: Higher Rates Necessary. = j, .
The higher rates were found nee.
esSary1 to create a reserve, fund not
available because Of mismanagement
in the past. The society's Officers
believe, they are adequate to cover
losses. as shown by its own mortal
ity table, though it is lower than
that of the fraternal congress.
"Ninetenthss of the, members Of
fraternal~ societies believe they have
permanent. and not temporary pro-
lection for their families. The state
is vitality interested in having frater-
nal orders charge such rates as, will
enable them to. fulfil their obligations
in the future, and that no fraternal
order shall. fail: when many of it's
members have reached. such an age
that they are either uninsurable OF
cannot afford to purchase protection
for their families at the high rates
charged old persons. .sr III.
Licensed to Do Business.
The Modern Woodmen of Amer
lea fraternal society was licensed to
do business in Minnesota before the
passage of the law which prescribes
the mortality table Of the National
Fraternal congress as the standard
for admission to the state. All So
cieties. now applying for licenses
must charge the rates determined
by that table. -. sG
After a telephone conference with
A. R. Talbot, head consul of the or
der, John Sullivan of Kansas City.
chairman of the law committee, is
sued statement yesterday for the
head camp. replying to the resolu-
tons adopted by the insurgents. The
statement denies that the action TAX.
en- at the insurgent meeting here
will have any result on the MEM
bership of the order. r-