Fitzgibbon, Admr. v. Walcutt

At the outset it will be borne in mind that this relief association is not an old-line insurance company. It substantially fills the requirements of a mutual benefit association. The primary purpose of this arrangement of the Pennsylvania Railroad Company was to enable its employes to provide for those who had claims upon their bounty, and not for interlopers.

In the instrument changing the beneficiaries we find the following language:

“I, Charles M. Walcutt, * # * by virtue of application dated the seventeenth day of December, 1909, and numbered 194984, do hereby withdraw any designation of…