A MAIDEN ASSURANCE SOCIETY.

Ashburton Guardian, Volume V, Issue 1459, 18 January 1887, Page 3

A MAIDEN ASSURANCE SOCIETY.

The Quc<n of November 20 contains the following, taken originally from the Phrenological Journal : — " The D-«nea h v. 3 a sooioty unlike those of any ot'ier people we know. It is known aa ' Tnt Maidfn Apsnrance Society. 1 Is aim ?b to prcvide for n c'ass— single weli-o-do fimej Jr sf:e'ters and o»r?s for tl-em, ar.<d funi'hoe them with 'pi'-monfy ' !"»«. nv.-'heds eie thus cle cribed : — Assnrnas a girl-obi d is born to him, the father enrols her name m a certain associate n, •>rid pays a o*'t<tin suca, and thereafter a fixed sum t > ih«i uoc ety Whan she hareacted the ace of -we believe — twontyone, and is not married, she becomes entitled to a fixed iacoma and to a su te of apartments In-alarpe building of the association, with gardens and park about it, inhabited by other young or older ladles who have thuß become members. If her father dies In her youth, and she deßireß it, rhe has shelter m this building, and at a fixed time her own income. When she dies or marrios, all the right to income iapies, and the money paid m swells ihe endowment of the asiociation. Bor father may pay for twenty years, and then her marriage cuts off all advantage of the insurance. But this very ohaooe muat enable the company to charge lower annual praminnn and make the burden less on the father insuring. He has, any way, tbe pleasant feeling that his small annual payments are insuring hia daughter's faturo and giving her a comfortable homo and income after he is gone. Et is obvious that the ohanoes for marriage among a given number of women on bo, calcu ated as easily as those of death. The plan has worked well for generations ia ropeoh-gpin."