, 1874-09-02
INSURANCE NEWS,
hIoeting Of tho Policy-Ho1ders Of
the Atlantic s. Pacific.
The Detroit Convention.

4 ~, -A.42 1A1&ANIlU q PACINl0.
LILO Pollcy~hollors or tho Atlantic 4 pacia,
Insurance Company hold an adjourned : mootjno u1e
last evening at tho corner OF Van Duron ord
olark atroets, foz tho purpoao Of taking mems.
nree to guard tho intcrests Of tho policy-holdors
IN tho impending appointment Of noooiyor Of
tho company. Mr. August Herr WAS oloctod
frostdcnt, md Mr. Daniel Lawrence Bccretary.
Tho Chairman said thoy had met for tho
pafpoae OF comforting with oaoh other In regard
to tho impending appofntmont Of q Rocciyer n,
tho Company, and to 500 what was best to bo
done to guard the interosta Of tho poltcy-hoders.
Tho Committee appointed tho proyious
| evoninBl had waitod upon several
lawyers and others, but they wore told
| that nothing could DO donc until aftor tho ap-
pointmont Of Recover. They had mado dill
gont inquiry aB to tho character Of tho various
gont'o1nen proposod for Receiver, and from oil
they could learn Mr. Durlcy wan tho bost man
Tor tho policy-ho1dors.
hr. Hamilton did not think that Mr.. Bu11ey
was tho man. Flo had known him from child
MOOD. do was concoitod, and won1d treat poor
people harshly, as ali those that had anything Ia
do With him whlc President Of the Board OF Pub
Ao Works aud Comptroller could testify. Uo
Was not willing to havo his interest intrustod to
such man, and ho hoped the Court
~ 49, "pPoAht AAu. 1Qs Hamtl-
ton went on to say tint thu
p7csent officers Of the Atlantic & Pacific 1usur-
ance Company wore unmitigatod awindlors. who
had as officers Of tho Great Western insurance
Company sWindlod the people out Of their lust
auea: At tho tlmo Of appointing a Receiver for
the Great Western thoae mon succeeded in rot
ting their own Receiver, and tho consequence
mas eaaH tho poor polioy,hol1or4 had not yet re-
eolVed ther money, and never would roceiyo
any tloy wore not vigilans and cautious
shoy would bo trentod tho snmo waY. and thns.
night 1na }Tst aa well throw their policies to the
SUCH mon ~ Burlsy, Cornell, or Derrick, because
Heeolser had groat opportunities to act unfair-
Mr.. 8; a. Rothermel,. who represented poll
oiHs ;t 20 ~ .ho amount Of $4,000, did not coincide
sssookhoidets OF tho Company we're opposed to
h1r. Burloy because ho was not their man. bnt
tho M mnn !n, Of tho polisy;holders. Ho only know
III: mr: nurley p reputation but that reputation
was firm and decisive, 1t was just tlo roasop
why ho should bo appointed.
:. hr. 8. Andrews said that thoy had to abido by
should nofo2ar Of the c9as + Tho Court
psny. then they, hnd TO take unitod
to 5epresent their olaimn He believed that tho
Iaaee 1osa would d9 M the right thing but nosertho
their interests were PROPERLY talson caro- Of. Ho
would therefore move that all tho polioy-holaera
agree to employ lawyer to ropreaont their
claims before the Receiver.
:, ar. Hamilton opposed this motion because
thoY vera not yot ready to act.
Ine motion OF III. Androws to engage law
yer Then the Receiver il appointed to prosecute
the claims Was carried,
Mr. Hamilton moved that Mr. Dickereon ha
recommended to Judge Moore a. . 1t person ia
net ~ Receiver Of the Atlantic L Pacific Iusur-
anoe Company, Carried.
On motion, tho following Committee VAS an-
pointed to wait upon MIR. Dickeraon and oscer-
tain whether ho would accept tho poBition. h(.
Bloomtngthal, Il. e. Rounds, a. w. Herr. md
solomon Andro"a wore selected.
On motion, it was decided to haye all tboso |
present sign petition requesting judge aIooro
TO appoint air. Dickarson as Noosiyer Of tim |
Company.
On motion, the Secretary Was instructed to
ing, 'A1s A'A'A'
on motion, It Has resolved that at noxt meat
ing no person be allowed to speak uulosa lo bo n
polloJ,holdor or an attorney with power to act
for poloy-holdors. wv
The Committee mas instructed to call anot,er
meeting Whon doornod necessary, and that such
meeting should bo held at the rooms Of NJ.
Bloomingthal. ~ A1'
The meeting then adjourned.