The Chronicle; A Weekly Journal, Devoted to the Interests of Insurance, Manufacturers and Real Estate Volume 46

The Chronicle; A Weekly Journal, Devoted to the Interests of Insurance, Manufacturers and Real Estate Volume 46

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1890 edition. Excerpt: ...certainly has its conveniences although one goes later into history. The Chronicle proposes three cheers for the valiant major--but what became of the horse? "Excelsior Mutual" of Binghamton, N. Y. AN ASSESSMENT SOCIETY THAT DODGES THE INSURANCE DEPARTMENT AND PRESENTS TO THE PUBLIC A TRULY WONDERFUL PLAN. Albany, Sept. 23.--The " Excelsior Mutual Benefit Society of Binghamton, N. Y.," announces on its circulars that it was incorporated August 22, 1890. The inference is that it has been chartered with the knowledge and consent of the insurance department of the state of New York to carry on business as a mutual benefit society. Robert A. Maxwell, the superintendent of the insurance department, has informed the correspondent of The Chronicle that no application whatever has been received in the insurance department from the society. In answer to an inquiry as to whether the society might not have been incorporated by the secretary of state he said: " Perhaps so; but if it has been incorporated in that way it ought not to have been." The correspondent of The Chronicle examined the records in the office of the secretary of state and found that the society was incorporated in August under the law of 1875 for the incorporation of societies and clubs. After stating the benevolent and fraternal nature of the object of the society it is finally announced that it is also to provide relief and systematic aid for its several members and their respective families. It is probably under the latter clause that the society gives prominence to its scheme of insurance. Already it has obtained a considerable number of patrons in several cities in the state. As a matter of fact the scheme is in the nature of a lottery, though it...
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Product details

  • Paperback | 112 pages
  • 189 x 246 x 6mm | 213g
  • United States
  • English
  • black & white illustrations
  • 1236871863
  • 9781236871862