Evening star. [volume] (Washington, D.C.) 1854-1972, 1877-09-11
The Policy H0lders' Protective Asso.
elatfOn
MEETING LAST NIGHT,


tective Association was held last night at the
Board of Trade rooms; Mr.. Horatio Brown
irg IN The chair and Mr.. o. ID. Barrett secre-
taTy. Not more than twenty persons were
present, and OF these were only eight or ten
" no attended the former meeting.
The chair called on the committee on per-
menent organization, appointed at the pre-
vious meeting, for report, and the chair
man, MI o. ID. Barrett, read the report,
which states that combination of all parties
interested can be made so powerful, through
numbers and through social, political and
commercial influence, as to secure the en-
forcement of existing laws against corrupt
officials. and also TO secure other necessary
legislation by Congress and by state legisla-
lures, and the enforcement OF the same
/ through the courts; so IS TO secure life in
| surance policies from depreciation by reason
Of the Insolvency OF the companies issuing
| them as effeciCally as the national bank
| circulation is secured from depreciation by
! the failure of the bank issuing il. The report
recommends the passage of the resolutions:
That they unite In an organization to be
known as the Life Insurance Policy Holders
Protective Union, with president, vice
president, secretaries, treasurer, executive
committee OF seven M mbers, and such other
standing committees as shall be found neces
sary; that committee of seven members be
appointed TO nominate officers, and com
mittee Of five members he appointed TO
prepare articles of incorporation for the
union, w der the laws of Congress, and by
laws for The government OF the union; with
Instructions 10 report at the next meeting.
Mr.. John TriInble, jr., said he would like
TO lear from The chairman OF the committee
as TO how they had arrived at their conclu-
SONS. AT the last meeting they found there
were two elements; one the element of de-
suuction. which was for antagonizing life
insurance of all kinds,-the other was in
favor of insurance and for fostering the in
stitutiOn under proper restrictions of law,
operating equally for the stockholders and
POLICY holder. This, IL appeared TO him,
should be their aim-to build up-not to pull
down. After some discussion the report was
adopted.
The chair announced the COMMITTEES on
nominations OF permanent Officers 10 be the
same committee whose report hal been read.
Several declined 10 serve, among then Mr..
TIimhle.
Tie chair remarked that they might inst
aS wei give up IlIe whole pro ect II gentlemen
VIII mol serve. AS for himself he was in
earnest in the movement: he had been one OF
the victimized. What they should do is 10
all pull together.
Mr.. Parisen said he was willing 10 serve If
the other members of the committee would
seTve-Ihe only objection he had was that he
was on the Otner committee, and IL might
create an erroneous Impression.
Mr.. j. Il. Mccarthy moved 10 reconsider
the vote by which the report had been adopt
ed. aId then appoint a committee of three so
nominate officers instead of seven.
Captain A. Grant got the floor and said he
had been somewhat instrumental in getting
up this movement. The few present had
been subject OF comment by some OF them
there, and some could not account for it.
They should not forget that the insurance
companies controlled $500 900 900 belonging
to policy holders. A movement like this
must expect opposition from such a-laxge
interest. These companies had their tools
here TO defeat this movement. This, To his
mind. accounted for the small attendance 81
captain Grant was called to order by Mr..
Trimble.
The motion of Mr.. Mccarthy was adopted.
capt. Grant then went on TO say that man
ayers of insurance companies are not to be
trusted. He was q believer in the Principle
OF life insurance. but what has IL become in
the hands OF dishonest men? A by word and
reproach. People had lost all confidence In
life insurance. He gave figures showing that
In New York, OF the forty five life insurance
companies reporting assets amounting TO
sio3, li2 $50 IS in January, 1916, eight, which
jointly reported over 5000 600 surplus, have
failed within a year, and cannot pay ten
cents On q dollar. There were undoubtedly
some of the companies that were good. the
expenses OF the fOity-fve companies for one
year was Sal ,i92, COG II, and the expenditures
for all purposes $685., 466 49, only about
$1,000, COO of which went to pay death losses.
III This statement OF facts would not cause
policy holders to reflect upon the disposition
OF their money, he did not know anything
that would. If there is an honest company
that has taken the money of poor widows
and orphans that can be saved, be was with
them; but he did not believe, under the pres.
ent management, that there was a company
Cay.
The chair appointed as the committee on
nomination, Messrs. John Trimble, jr., w.
Il. Parisen and X. q. Campbell.
Afftr some Informal discussion the meet
ing adjourned 10 meet at the same place next
Thursday evening.
The Washington National Monument.
The Washib gton monument association
has received copy of the resolutions adopt
ed by the beard of trustees of the American
rstitute OF architects, recommending the
abaI comment OF the present monument and
its site, and the building of permanent and
graceful structure on some more suitable
location
tecis Throughout the country be invited 10
submit competitive designs for the sa Il mon
uInent, uhGer such regulations as to pre-
miums a. the said association may adopt
and nat the decision as To the merit, of The
respective designs be referred TO the cUrps of
engineers OF the army. Lieut. ID G. X ING
man, who, in April last, made q report tOth.
beard OF engineers appointed TO examine the
founCatlOn of the monument, (COls. KurlZ
Gilmore ard Duane,) on which they based
their report that the foundation WIS inse-
cure, has arrived here for The srpose of
making remeasurements. 1t will be rem am
bered that after the engineers report had
been submitted and published, the Monu-
menf society reviewed their report and as
certained that Lieut.. Kingnan mad taken
The Wrorg bench mark, and they, therefore,
controverted the correctness of the conclu,
sions of the board. IT appears that the bench
mark, adopted by Mr.. Robert Mills the
architect ard engineer, In 1S4s, was the cap
stone OF pier or feet high, placed in IsOi
at a point directly in the center of 10th street
and on a lire with the center of the rotunda
OF u.e cSlllOl, 10 marx the meridian of
w Washington. This pier was placed IN position
by Mr.. NICHOLAS King, under the q ERECTION of |
Mr.. Briggs, the associate of Andrew and !
benjamin EllicOtt during Mr. JefTerson's adj |
minisiratlon In 1901. In determining this |
point the surveyors took oh excavations and
planted stone on Meridian Hill 10 marx in |
AID run the line through the resident's
ground 20 the Monument grounds There
was some difficulty in running the line from |
the center of the Capitol, owing to the inter |
venlTg woods, and they Therefore marked by |
Store tie spot where n line direct from the |
south end of the Old Capitol building inter- |
secteC II, and measuring north O e this us feet |
: Inches thalf the length of the CapItol |
building). established that point as the me- |
indian OF Washin gton land not as has been |
PECULIARLY supposed the center o. the District |
OF Columbia In 1872, when ths improve |
ments were being made about the Monument |
grounds by General Babcock, this pier was |
removed, and few mouths since the cap |
stone with the cut lines in IL was found |
across gutter in the northwestern part of |
Inc city, doing duty as carriage steo
Ihe stone erected on Meridian Hill in 1s5i |
mas also been removed, and il is said n
Is now used as hitching posi- in the
northern rart of the city. the stone on a
line With the south end OF the Old CAPITOL
building Is yet standing, and IL is believed
Tat Lieut. kingman adopted this stone as
MS bench marx. Afer fhe puhl icosiop 81 |