The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1882-02-15
POOR PROTECTION.
Collapse of the Virginia Mutual Pro-
lection Association, OS which y.
N. Wilkinson In President.

"Dsss Protection Protect !''-Sn Old Pro-
Being Down In Florida, the P,siiry Hold
ers OF his Company Meet rov Conference,
but Get Little Coihfort-The Money in
Hand all Observation-Disclosures or Mr.
Wilkinson appointment by fhe Meeting
held Yesterday OF n Committee TO Ascer.
tain What Can h. Done for the Relief OF
Those Who have Invested In the Company.
! For some months great deal OF discon-
| tent has been exhibited by some Of the
policy-holders in the Virginia Mutual Pro-
tection Asso<iation. This feeling having
once obtained foothOld. has been growing
stronger, fed by rumors which spoke o. an
early disruption or dissolution. A few
weeks since an assessment was sent out
calling for pay nlent OF about Sf00 from
each meuber-sonle more and some less
according, It Is presumed, 10 the age ay
which the assured took ont his policy. The
larger number of the policy-holders have
refused to pay tlis demand, and The hosfil-
ity eliminated in y meeting OF this class
| yesterday in the rooms Of the Association.
AtnoQn, the hour appointed, about thirty
gentlemen met therc, who were oil inter-
csted either a. policy-bolders or counsel
Mr.. J. :. M0orc, OF Richmond, was called
TO the chair
Mr.. Christian, senator from King and
Queen, explained that the object OF the
meeting was 10 take counsel together and
see what rights they seyerally had aud how
these rights were 10 be projected.
Mr.. Stubs. member OF the House from
Gloucester. said that he represented some
fifteen or twenty claimants and. seyerah
amounts OF those who had died, and called
OH the secretary Tor any information in his
possession as 10 who or how many had paid
this last assessment.
Rev. :. Preston Mach said that be had
been
NONINALLY SECRETARY
for about Il year aud half. but that he had
never taken any active part in the manage
ment OF the bIlsinPes-scarceiy ever even
80 much a. signing hi- nane--and that he
had never drawn % cent ont Of the concef1i.
Las salary. Said, moreover, that he was in
: the same fix ~ gentlemen around him, rs
he held a $1,000 policy. Had entire conf
dence in Mr.. Wilkinson. and had never
questioned him about the business.
Mr.. Parham, confidential clerk OF Mr.
Wilkinson. who seemed 10 know more
about the workings Of thc Association than
any one else, said that he had been ont OF
the city for some weeks-part OF the time
with Mr.. wilkinson In Florida, who was
there by advice OF physicians and would
not return until May. On looking at tile
books he found that 81 OF the $4,000 policy
holders and II OF those who held S.,5Jp
policies rad paid
THE LAST ASSESSMENT.
When asked why this call for 30 large an
amount was sent out now, he replied tint
the mortality Of 1881 was very heavy. and
he supposed they were afraid that II the
whole amount due had been then called for
policy -h0iders would have been driven OF.
/ There were now about 900 policies in force.
In response 70 a question who were ase
present oflrers Of the company. an cXtaact
was read from the Exponent, acopy OF the
Association. paper, published in >epteu-
Der, 1881. giving the following list OF OIL
cers-viz.: J. ". Wilkinson, president; {;
Richard Irby, yice-pfesident; j. W. Lock
wood. auditor; Preston e.. Nash. sccre-
tary: G.. y. p, Brock, W d.. medical adj
wiser: III. II. Wilkinson, superintendent Of
agencies. Executive Board: j.. n Viii
kinSon. J. W. Lockwood, j. Thompson
Brown. Directors: j. Y. Wilkinson, H..
II. Wilkinson. }. Thompson Brown, J. w.
Lockwood, Hichard Irby, G.. "a. p. B9ock.
A cafl WAS made for the
EECORD OF TIE LAST MEETING
of the Board OF Directors. IL was pre-
sented. and showed that IL was held in
Nav. 1850. at which there were present
Nes,rs. j. Y. Wilkinson, j. ". Lockwood,
J. ID. Crlmp, H. II. Wilkinson, J. +. AL
len. and j. r. Brown.
MIR. Nesbit. clerk in the office, stated, in
answer 10 questions, thar there was 81
3SG. 50 in bank. deposited IN the name OF
j. y. Wilkinson lin whose came the nc-
counts had always been kept since he had
been thcre). and about 5000 in the Office
safe.
At this point Mr.. Nash produced an at
tachment notice, which had been served
on him, sued out by some claimant ana en-
ecuted on the Sth instant. He also read =
lctser from the president to the Board OF
Directors. remarking at the time that, hay
ing been unsuccessful in iinding the Board,
he would read ii in this meeting. II was
4 LETTER or gBsiCSAuON
: ~ president OF the Association, giving as
reasons therefor continued ill-hcalth and
the advice OF his physicians that he
should remain ~ warmer climate than
that which prevails here. but also stating
that he would be here Ia the sTfing, and
meet any question IN regard To the com
pany. Mr.. Nash stated shat, IL oppcarin 4
that as he was the only officer Of the cory
pany in the city, he proposed TO take his
Full SHARE or RESPONSIBILITY
for any mismanagemenr or short-comir e..
Mr.. j. Thompson Brown, who was 1ie
Of those megtionod in the report Of H.
last meeting OF thi Beard, stated thaa hc
was here seeking iiliorination. Some tnDe
last summer he resigned his pOsitios on
the Board, and ado allowed policy .shtch
he held 10 lapse ID December last; '5dt he
knew ifOthing .ot the cause OF ~ thir
trouble. and had e0tsre here 10 try a2h md
. ont.
\ motion WIS made TO appoint ss0nnif'
fee to examine the Books and rc,sort 10 al
adjCnrned maatip.s the exact sta,as oil ti'
, company.
iva, suggested that as t0-y,gnpow was
H. last daH on Which'thc paGpDni OF th'
,, ri assessment could be mads. tD prevent
, ,oidance. of tAe policies, -efee quietei
mode shsstld he adopted. Iihr@ was
A. zTCH DIsCUSsgsn
> and mssy plans proposed. one OF whicl
2 was tlaIt son,o one should b9 appointed t'
!. receive thesse amounts, ag.id abe exalnina
ton 10 be made showed that Il was eXpe
= diens to do 80, they cozG then De turno-
II oves b. the secretary.
: MAYOR Darlington Ss5l that there Wee
It soale twenty or mors. stockholders whap
X stock could probably be held liable for ~,
: teiieit In ease poliea, did not lapse III
e wanted light on ths subject, and mosed
II a substitute for tle FORMER motion tas
l. COMMITTEE oP PlyE