The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-02-14
LIFE ASSOCIATION OF AMERICA.

Excitement and lively Debates-Ihe
'sReguIars" Carry the Day.
Two hundred or more prominent gentlemen, who
are trustees OF the New York Department OF the
Life association OF America, met yesterday after
noon pursuant to adjournment at Underwriters
Hail. 1866 Broadway. to elect a Board OF thirteen
Directors. in whose hands the business of the de.
partment Is TO be entrusted for the ensuing year.
AS this election the first OF its character held
here the interest IN the result was more than ordi-
nariiy manifested and the proceedings were OF
spicy nature
committee Of five had been appointed ct q pre-
vlOus meeting to nominate ticket OF gentlemen
properly qualified to constitute such board, and
their report was duly submitted, but In addition TO
the names as their choice and regarded as the
irregular" ticket half dozen more opposition
lists in the field. Mr.. George w. Savage, Presi-
dent New YORK Board OF Underwriters took the
chair, and Mr.. A. b. Smith acted as Secretary.
Colonel James II. Brtton, Of ST. LOUIS, President OF
the Association, detained IN the city by Sickness
cuped seat on the platform. Following the read
ing OF The minutes of the last meeting the chairman
inquire into the financial condition OF the Depart
ment, but none or the gentlemen being present he
asked for the Nominating Committees report.
Mr.. SMITH SHELDON, chairman OF the committee,
In presenting result OF their uelueraton, said
OF selecting such number OF gentlemen for the
meetings. endorsement was not sought, but vet the
list had been made out with an earnest desire TO
secure good men, VINO VIII give proper attention
to the duties oil their position, ana ~ the same time
represent the various interests throughout the
OF New YORK. They therefore presented the follow
Ing name for the consideration OF the trustees:-
George 4. Hope, President Continental Fire In
surance company; Charles l.. Hagaren, Hallgar.
ten Co., bankers; Fred Meade, Fred Meade Il
Co., grocers; Thomas L. SmuI leather merchant;
Nathaniel l.. McCready, President Old Dominion
steamship Company; Jenkins Van Setback STOCK
broker; George W. Savage, President New York
Board Of Underwriters; Adolph W. EngIer, Kremel-
NJ. Motley, President Manhattan OIL Company; Car
Isle Norwood President Lorlllard Insurance Com
pany; Edward A. stansbury, LIE insurance. Carl
L. Recknagel, KecKnagel & Co., drug Importers;
James Ii. COgn, real estate.
MIR, JONATHAN MYERS moved that the report be
referred 70 the Committee oi the Whole, tnat Inc
same character OF discussion which the nominating
gentlemen were supposed 10 indulge IN during their
selection could be mad by the entire body oil trustees
he did not know any OF the gentlemen named; 1t
might be the best ticket that could have been pre-
sented, but As he had possibly as large an interest
invested as any one in the room, It was no more
with the rest TO administer the affairs OF the de-
partment He did not want any one IN such posi-
ton that he cOud not cOnsclentlouSly select as an
executor Of his will. Let Us lind out why these
names nave been reported.
The CHAIRMAN decided Mr.. Myers motion ont OF
order, and when he was told that sucn decision
was arbitrary, the former appealed 10 Mr.. Erastus
Brooks to endorse It. The latter gentleman said
mat IN the absence OF any specific rules the chair
man was right. The report OF the committee was
then accepted by the meeting and open for debate.
Mr.. MyERs-Well, don't know any OF these men,
and to me there Is a look OF ring" about. There
is large .prepOnderance OF fire Insurance men on
the list. Perhaps they are the best to have there;
put II our large mercantile houses should manage
their business with such imprOvIdence as they ire
quently do they would never succeed. Many nre
making room Tor men tnat never ,.ors could o
prosperous in business and capable OF con-
ductng large financial affairs. There Is
also life insurance person here on the list. II he
has been successful IN any other company OF this
nature, let him stay there; we don't want TO de-
therefore, TO strike out the name or Edward A.
StansDury, ana substitute that OF Emil A. Sauer.
GEORGE T. HOwE-Be this motion Is put
would ike TO remark thai my name has been used
on this list but whether fortunately or unlorru-
nateiy, i Is hard TO determine. When application
be excused, and now desire It; with reluctance
consented, and 1t would be with satisfaction If
could be defeated. Mr.. Howe then defended nsur.
ance officials IN general, asserting That the BUSINESS
demanded talent and assiduity; and he believed
trusted ak Is
said 10 make him think otherwise.
At this juncture trustee informed the chairman
that MI. Sauer declined TO serve II elected, when
Mr. Myers motion was disposed OF, and, IN the ex-
element that prevailed, the chairman put the ques-
adopted ~ A unanimous "AyeS followed; but
there was great confusion when the announcement
was made, That elected the Board OF Directors"
Fifty voices moved 70 reconsider the vote and much
Indignation was manifested.
]. x HuBERr-Tnat question was evidently put
TO mislead the meeting. IL wasn't understood, and
we won't have anything but square dealing.
CnArRMM-I am nvs responsible for the VOTE
The motion was In order. S'sS- 81 -
IRpsTEE-You have got to 90 square.
ANOTHER TRUsTEE-TO0 thin.
GEORGE +. HOwE-lf elected IN his manner
would not serve The directors should he elected by
ballot. -
EXCITED TRusrEE-Thaps continental" all over
motion to reconsider was then made and carried
unanimously, wnen Messrs. BROOKS and Brady were
appointed teIers, and the trustees became much
caimer and proceeded TO ballot for directors.
PLEASANT TRUSTEE preparing his ticket) TO chair-
man-ls Mr.. Meade a director In your company
CHAIRYAN-I suspect every prominent man In
New York Is.
but vet In satisfactory manner, and the tellers,
soon after the poll was closed, reported that the
whole number or votes was las, and the ticket re.
ported by the nominating committee elected. The
votes were-"Regular," 80; scratched, 1870; indie.
pendent, A; scattering, 2 Inc meeting then al.
jOurned. ~s, -. 49, -'---..-g~,--
~ PRESERVATION OF GAME.