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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

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Revenue 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

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Materials......................................$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.

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The 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,

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Herrmann Kaestner,

Louis Blohm.

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