New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-09-10
!, .,.n,.,k the, m, ac,unted by pesonsl motives i

I
Miro irr his a. nVuencics 70 publ notice,
II,d - Any time ccororatcf with him IN tn"
scl,lrcs If himself and friends IN rel lii"n 10 th Com
pry there would have been some Foundation for this
rcnaik.
But my position in I'll those questions has been one
Of opposition.
Iiip,s6d the changes 80 s,cntily made FROM year
70 year in Che Board. openly oppecd the giving to
Mr. Johnston and son vested interest Tor ilie IN
their commissions | WIS AGAINST Mr.. Wlnslons clcs-
ton and was never invited to those secret meetings 81
portion of the Trustees whore the change IN the
Board and lis election planned.
had announced determination 10 rctirc IRON me
rosition Of legal adv ser for months before dis
covered his Illegal payments TO his friends, anterior TO
lie execution Of their mortgages. Wh"n ! knew Of
them and demanded an explanation, which WA met
with denial Of the facts, promptly brought the mater
before the Board II not until three months alteT
tls, and when asccrained that so marked violation
of his duty was passed without action that l
brought the matter before the policy-hoders.
This done with the view Of obtaining their CO.
oreraion in favor of law prohibiting the lending OF
The trust funds to the Trustees and was not until
had first requested the Board TO ask itself for such
law that the inter, ention Of the polcy-hodes was III
voked. Defeated in my efforts to keep the manage
ment of the COMPANY in the hands OF those who estab
shcd it, and whose character gave it the confidence OF
the public | mn resolved that while continue 10 be
Trustee any object Of using the funds IN real estate
operations by those who effected the change shaii nor
be accomplished without opposition having orougnt
10 the knowledge of the policy holders the manner IN
which Mr.. Winston effected his election ~ ffesiden, vi
the Company and his mode of making advances 10 MS
personal friends Of the trust funds the questions III Is
sue are confined to this prohibition and the reduction OF
expenses. 80, >.
The fact that tle expenses have doubled within his
short administration of three years and mat the num-
Der of saaried persons employed IL double those EN-
pIovcd by the Mutual Benefit Company, when mas
nearly rs many policies and nearly great an amount
insured, is sufficient to justify an effort al reform III
this direction.
III. Al; \ .t1ar
luion that in future the quarterly report of expenses
should show under separate heads the amounts paid
for Salaries Printing and Stationery, Advertising,
Law Expenses, Medical Expenses, Taxes, Commas
sions Office Expenses.
This was opposed by Mr. Winston as npracticable
subecng the clerks to unnecessary Labor; but
the Board thought otherwise and II was referred 10 the
Finance Committee for action. For my course IN ths
matter dsdain TO make any professions as to my mo
tives. II the obvious one of dschargng my duty rs
Trustee in Company established by myself and
friends is not deemed sufficient persons are at liberty
TO assign any other they think fit. will not, however,
permit the policy-hoders TO be misled either by mis-
Statements or suppression of facts. Nor will allow
their attention TO be diverted from the real question by
any discussion of my merits dement's rs profess
sional adviser
The suggestion of new issue is stale device TO
divert public attention. 1t made in detail before
the Examiners and, IA remarked 70 them, it is not
the first time the history of this Company that pro-
scrpfiOn has been preceded by plotting and succeeded
ty defamation Those who desire ia examine into that
question can find Mr.. Winstons charges and their ref
utaon in the documents appended to the Report of the
Examiners, whose publication was declined by Mr.
Winston and his friends, and made by himself For
tic satisfaction of those who are not DESTROYS of
making such an investigation, and who may attach
some importance to the attack upon my professional
accuracy append letter from Judge Kent, the only
practical lawyer among the Examiners, i'll relation TO
the abstracts that make prominent feature in the
charge. This personal matter however. is of no pub
lie importance The management of "A trust for the
benefit of future generation is and shall not hesitate
10 expose dupcity treachery the part of those
who administer it, ndeterTed by any hypocritcal pro-
fessons of regard for the poor by him who bears the
bag in which deposited the offerings for the widow
and the orphan. j. BLUNT.
Neo- YORK. sept T. 1856 - -
NEW YORK Aug. %. 1855.
Ny DEAF SIR; have not the least objection TO repeat in
writing what said TO you this morning
the number of mortgages held by the
Mutual Company which had been taken under
superyson as counsel surprised gratifcd find
that n loss had been incurred by the Company.
The appointment Of a Committee of Lawyers by the Com
paDy the titles which had been approved by you
proper and iudicious measure, and which think
nigh; BE- properly adopted by Company holding large
amounts of mortgages.
But have regret the appointment Of this
1t the contrary, best praise that three
expert and able conveyacer carefully going your track
discovered nothing which essentially defective. This
high reward for prof ssond labor. Yours truly,
JosEPg Blunt. w. KENT