Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-04-05

testify unfair inasmuch as the death rate Is
law interest earned is higher. and all in
suranCc companies or societies must get new
Rigb as IS per cent Of the frs Year
premium to set 1t. Under the above restrir,-
ficates tc lie worth GsG8 per cent. ins cad or
"a 4 CO.. Commission of the order having been ap-
pointed TO investigate report the fol oin+ m
conclusions ana 9IeT tno PfopoSeI 1ire 'T- a.
ciai meeting OF the NJ. +. Assembly on May 3;
to the the present ' wisdom and necessty ior this
new and unusual test and requirements o.
Societies there can be none as to n" pro
visions Of the law being sound IN principle,
aud that ultimately they will be of great Eooi
That the order cannot on the basis of the
with an interest assumption as low as per
cent nor on It's own experience showing,
upon the rates of contribution now being paid.
unscientidc and results in inequalities between
members OF tile same age group, ana should
be abolished and rate computed for each
ot approx Nimately 80 states, with the probability
that such requirements Will be adopted in all
thereby the order shows a percentage OF sol
vency amounting to 6s,88 per cent. and that
the order cannot maintain even this percentage
Indefinitely by reason of the increasing number
of members at the older ages and the eXcess
be 10 amend Article XIV, Section /, Para
u -
longs on the third line OF he paragraph
the following: Members who are entitled to
receive $1,000 at death shall be known
members OF the first class and members en-
titled to receive $1,000 death shall be known
as members of the second class" The re-
mainder Of the section to stand as at present
Amend Article XIV, Section >. Paragraph 81 :,
by striking out the last clause, which reads
The D. B. dues OF "a member so reducing
shall be at the rate In force at the time of his
Amend Article Xxx, Section g. Paragraph S5
a and b. by striking out the entire section and
substituting the following:
, Section 3, A. Each and every member Of
the order on June 80, 1915, and each and every
member admitted after June 30, 1918, shall
on the first day of July, October January and
April. in each year. for the death benefit fund
the amount set forth in the schedule opposite
the year Of his age at entry.
, 70, The rate charged in accordance with
this section shall be determined by the age
at nearest birthday when admitted.
&C, Members of the first class who have
heretofore changed to the second class shall
for the additional benefit pay the rate set
forth in the schedule opposite the year of
their age at the date of the change
I'd. A new class. to be known the third
class, which shall be composed Of all members
admitted into the order after June 30 1915, Is
hereby created and the Most Excellent Assem-
bly, is hereby authorized and empowered to
issue certificates therein with rates of dues as
set forth In the rate table -
Underdown Assembly had visiting delega-
tions last Thursday night from Fidelity,
AdephI and Harmony led by the latter
'gazoo band. under Brother Preston Rhoads
NJ. E.. NJ. \. Smith and NJ. NJ. \. Cox ex-
planned in detail the plan of the new rate re-
adjustment required by State law pending en-
actment. a good picture show was enjoyed.