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Alfalfa's cousin Wilbur seeks to join the gang, and noting the scarcity of members, advises Alf and Spanky to make a benevolent society out of it and pay insurance to members. This the gang does, with two cents offered for one black eye, three cents for two shiners, etc. They prosper, until Toughy blacks all the members' eyes, thus causing a rush on the treasury. But little Wilbur, who isn't such a sissy after all, subdues Toughy and his henchman, and all is well again. An occasional funny spot makes this subject fairly amusing.
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