Report of the Chicago Sick Benefit Association (August 1, 1869 to August 1, 1870)
Illinois Staats-Zeitung, Aug. 22, 1870
Receipts
Cash in treasury on August 1, 1869....................................................$3,728.92
Premiums, policies, and admission fees..............................................14,119.31
For funerals............................................................................... 474.00
Interest.................................................................................... 274.41
Drawn from treasury..................................................................... 2,150.08
Agents' arrearages....................................................................... 1,458.07
Total....................................................................................... $22,204.79
Disbursements
Sick Benefits.............................................................................. $8,311.13
Dividends.................................................................................. 337.50
Salaries..................................................................................... 1,723.33
2Revenue stamps, advertisements, etc.........................$3,221.20
Deposited in treasury............................................. 1,151.33
Funerals............................................................. 351.00
Commissions....................................................... 2,577.97
Total................................................................$17,672.46 (sic)
Cash in treasury...................................................$2,853.25
Cash in hands of secretary....................................... 60.30
Cash in hands of agents........................................... 1,453.07
Notes................................................................. 160.71
Total all disbursements.............................................$22,204.79
Assets
Cash in treasury......................................................$2,853.25
Cash in hands of secretary.......................................... 60.30
Cash in hands of agents.............................................. 1,453.07
3Materials......................................$400.00
Notes..........................................160.71
Appliances and books....................... 493.30
Total...........................................$5,425.63 (sic)
Liabilities..................................... 242.10
Total net worth..............................$5,183.53 (sic)
Membership on August 1, 1869.............1,026
Received into membership................. 531
Memberships cancelled...................... 497
Membership on August 1, 1870.............. 1,060
Ten hundred and sixty members (among them 21 women) were sick a total of 6,623.7 weeks and received $8,311.13 in sick benefits, averaging $31.36 per person or $12.55 per week, while during the previous year 133 persons were sick 3,404.7 weeks and received $12.79 per week, or $32.76 per person.
4The total benefit payments made to 265 persons over a period of 6,623.7 weeks amounted to $8,311.13. Benefits paid since July 28, 1865 amounted to $12,667.83.
In accordance with a resolution passed August 14, 1869, rates for new members were increased 15 per cent; the old members pay the original rates. It is in the interest of the Association that all members, old and new, pay the prevailing rates. [Translator's note: This sentence lacks clarity. It was translated verbatim.]
C. Knobelsdorff, President
W. Katerbau, Secretary.
This is to certify that we have compared the above report with the records of the secretary and have found them to agree in every respect.
Chicago, Illinois, August 18, 1870;
The Finance Committee:
William S. Golsen,
5Herrmann Kaestner,
Louis Blohm.
