1874.] J-^'^ [Cl.ase. 



strictions, or subject'to such regulations as may from time to time seem 

 desirable. 



2. Credit all profits to a general fund for the benefit of the family, or 

 other specified persons, at the death of each depositor, the interest of 

 each contributor, in the common fund, being proportional to the amount 

 of his average deposits. 



3. Encourage beneficial contribution ships, of stated sums per week, 

 month, or year, for the payment of fixed sums at the time of death, the 

 payments being further guaranteed by a sufiicient stipulated tax upon 

 all the survivors. 



4. Open accounts in accordance vrith the ordinary principles of Life 

 Insurance, crediting each deposite with the amount of a fully-paid 

 policy to which it would be entitled. These accounts will facilitate the 

 determination, at the death of each depositor, of his interest in the com- 

 mon fund, and they will prepare the way for a final safe assumption of all 

 the risks of specific Life Insurance, Endowments, Annuities, Tontines, &c. 



5. Allow the beneficiaries, if they desire it, to continue their partici- 

 pation in the accumulated profits, for ten years after the death which 

 gives them an interest in those profits. 



6. Convince merchants, manufacturers, clei'gymen, and benevolent 

 individuals generally, that the depositors in the proposed institution 

 will receive a greater return, in case of early death or other unforeseen 

 calamity, than they could obtain from any other source. Tha voluntary, 

 unpaid recommendations, thus secured, would soon command a large and 

 profitable business. 



7. Enlist the co-operation, in the Board of Directors, of men whose 

 reputation for tried integrity and dishiterested philanthroi^y, will be a 

 sufficient guarantee of wise and equitable administrations. 



8. Invite an examination, by the wealthy and charitable, of the claims 

 of the Institution for their coiasideration, and for a participation in their 

 bounty. Contributions thus obtained should be added to a permanent 

 fund, the income being used for the benefit of all the depositors. 



After a sufficient capital has been accumulated, all the specific under- 

 takings of Life Insurance and Annuity Companies could be assumed 

 with perfect safety, and with the assurance of larger returns than any 

 Company can now afford. A. large amount of the best class of business 

 would come from intelligent, careful men, who ax-e influenced more by 

 their own judgment of the merits of a system, than by the representa- 

 tions of canvassers. There would be no forfeiture, no anxiety from fear 

 of inability to meet the yearly increasing burden of a large yearly pi-e- 

 miura, no doubtful hesitation about investing the unusu^al profits of pros- 

 perous years, no fears of pettifogging attempts to evade payment in case 

 of death. The young, strong, industrious and prudent, whose risks are 

 least, while their need of insurance, in case of unexpected calamity, is 

 greatest, would contribute so large a part of the deposits, that the 

 accumulations of the benificiary fund would be unusually great, and all 

 the participants would be proportionately helped thereby. 



