The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1914-10-17
THAT FRATERNAL AMENDMENT
Reason Why it Should be Voted
Against by Every Policy Holder

AGAINST W Is0'} ro"cy no'uef
At the election on the 3rd day of
November next there will be submit
ted to the electors an amendment to
the constitution providing certain
changes for fraternal insurance soci-
cites. The Diamond Drill hopes that
every mar ana woman holding a policy
in frsternai society will say "NO''
this question and we urge that you
Vote on it.
In substance, the amendment seeks
10 nullify the supervision OF the state
over frsternal insurance. societies. II
Is claimed that the agitation u fathersd
by the OLD line companies who seek
to put the irsternales at a disadvan-
a but whether this statement is or
is not true. we have just this much to
say TO our readers who are policy
holders. Thekta6b has seen lit to take
hold of the COMPANIES in which you
are insured and to make them solvent
90 that IL you are carving a policy in
one of them You know that your heirs
will get lie money which you are
seeking to provide them with. You
are not insurance experts neither are
we. The state has a department
devoted { o insurance. 1t Is managed
by disinterested men and their judg-
ment ought to be better than any one
put forth by interested parties. Better
let the state take care Of your interests
they will be better cared for there
than by some fellow who is seeking to
skin you. The amendment is as
follows:
The propoed amendment. which 10
u be voted upon at the coming election,
would make the constitution read as
follows:
Section 10. The Legislature shall
provide by law for the Incorporation,
regulation and supervision of fraternal
beneficiary s~ocietle-. with the power
TO issue death benefit certificates.
which law shall require that societies.
10 order to be incorporated, or TO do
business within the state, must have =
ta) A representative or ademocratic
form OF self government. including
the fixing of its own rates. and the
election of it's officers, with provision
for the recall OF officers by q majority
vote Of the membership upon petition
OF not greater than ID per cent OF the
membership;
(b) Provisions for initiating changes
in constitution or laws upon petition
OF ten per cent OF the membership.
and for a referendum vote of the
membership upon any changes in the
constitution or laws, upon petition of
the same percentage;
(c) Provisions requiring the officers,
upon demand OF Ave local branches, to
furnish complete mailing list of men,
bers for use in connection with the
exercise of the initiative, referendum
or recall.
No law shall be valid which shall
require any such society.
ta) To create a legal reserve fund,
or to be valued or to collect assess
ments upon any basis of rates which
will in operation collect an amount
annually in excess of the average
mortuary cost of n thou and dollars
insurance in force of successful Legal
reserve insurance companies OF 30
years experience, in addition to the
necessary expenses of such societies or
tD) All fraternal beneficiary societies
authorized to do business in this state
on March /, 1914, may continue to do
such business until the Legislature
shall pass laws in compliance with the
foregoing provisions provided that no
such society may continue to do bust
nees for more than one year after this
section shall go into effect, unless it,