Constitution, 1888 (Terre Haute, 1888), secs. 50, 52, 53.
Under a unique system, known as the "Post Mortem Deduction" scheme, the actual value of a certificate of the Letter Carriers' Association at date of issue is fifteen per cent. less than its face value plus the amount of one assessment, and the value of the certificate does not become equal to its face value until the member has paid assessments equal to fifteen per cent. of the face amount (Constitution, 1904, pp. 67-68).
Report of W.S. Carter, Grand Secretary-Treasurer, June 30,1904.
Locomotive Engineers' Journal, Vol. 38, p. 966.