| Show r OI Another fraternal Insurance concern Is Iff In lit financial distress receivership having been b applied for Cor for the Masonic Mutual association with head hend headquarters quarters nt at Ct This so on society was organized about 25 years ago age and now has ha 1650 members In Con Connecticut Connecticut About a II hundred of ot these thero the o ohavo have havo paid In sums Rums ranging from 1607 to There are arc about thirty death claims of ot 2000 each unpaid making all an Indebtedness of for tor which there Is only In tho tin treasury It Is plain says tho time Herald from train which those these are uro taken that those who still belong belon to the as association have lost Jost every dollar ot of the money they have paid in In while those who have death claims pending pend Ius will bo be obliged to settle Bottle them thom on a 11 10 per por cent hanl The Tho Connecticut Insurance com coin commissioners missioners intro have often orton severely criticised criticised deed this form lorm of ot fraternal assessment associations but thoy they have hao been al oh allowed lowed lowel to continue In business until as asIs asis Is the time case with this association their affairs have to bo be wound up liP because they are unable to pay pay pat the promised death benefits A grunt groat trimly many people Join various o organizations for tor the tho sole eolo reason of or ob oh obtaining taming the aid promised In cases of sickness fI and amid But the history of ot this kind of Insurance has hall recorded KO so many failures and consequent Ions loss to the tho members member that a word of ot caution cannot bo be considered Inappropriate i Some omo such Buch societies do well OB ns long ns liS they thoy obtain young members and have few Cew ew deaths death But Hut when the tho young oung be he become become come old mid cases of sickness and death lenth are numerous and ond tho the accession to the tho ranks from tho the younger element clement cannot be kept up then tho the crisis domes lomes It has hns been beon lucid hold also by Ly the tho courts vo we believe that though such luch societies can con expel members for tor nonpayment of or duos luos and other causes they thoy tho cannot re release re 10 lease lonso them from tram the financial Incurred by b Joining tho the society Tho The risk every way of at that class of or In aurance Is l In the opinion of at those thore who have hao javo closely studied tho limo subject too great for tor the benefit derived from It Resides BesIde In hr order to keep the Interest In n the society up recourse IH Is had to social so BO social cial all sorts of schemes that hat take up valuable time which might letter better bo be employed for tor mental or spir Improvement or enjoyment In the family circle The loss Incurred In iii this way Va Is beyond computation |
