Watson's Magazine, Vol. IV, No. 1, March, 1906Various
General
Watson's Magazine, Vol. IV, No. 1, March, 1906
Various
United States -- Politics and government -- Periodicals
or 70 per centum more than his equitable share, is more than we can
understand.
The average of the surcharge on all the old members is 67 per centum,
and is 27 per centum higher than the new members pay. Naturally, if the
membership could be held together, these new rates would create and pile
up a surplus, or excess, of $3,700,000 per year over any sum that the
laws of Massachusetts permit the society to hold, which at the present
time is about $30,000,000.
However, the society has never attempted to create any surplus or reserve
over and above about $2,000,000, nearly equal to the proceeds of three
assessments. What kind of financing is this which at one fell stroke
burdens the members with paying sums which will produce $3,700,000 per
year after paying over all mortuary calls? Heretofore the order has
preached for twenty-eight years that the surplus remains in the pockets
of its members and shall so remain. Now it is to be created and placed in
the control of Mr. Butler and his one hundred and fourteen associates who
are souls with a single thought. And what for? What kind of actuaries did
the Supreme Council employ to make these new rates that such a result is
brought about and that the policy of twenty-eight years is reversed at a
single session, without any notice to the members? The members of the
Royal Arcanum, the men who pay the money disbursed by Mr. Butler and his
associates, have no voice in proposing any new legislation for the order,
nor in approving or rejecting any enacted by the Supreme Council. They
must pay whatever the one hundred and fifteen guardians ask of them or
get out of the order.
Public-domain text, read in full here on John Shaqi.
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