Daily Republican. [volume] ([Wilmington, Del.]) 1874-1890, 1884-01-02
FIDELITY AID ASSOCIATION.
NJ eeiing OF the Policy HoldePs Of
Now Castle County.

The policy holders Of the Fidelit
Mutual Aid Association, residing Ii
New Castle County, held q meeting las
evening at the office of John II. Speck
In the basement Of the Clayton House
The meeting was called to order b!
Edward II. Gregg the trustee for thi
county, who stated that 1t WAS callet
on the recommendation Of the directors
Lindley G. Kent was called upon Il
preside, and W. s. Haines was appoint
ed Secretary.
Walter Cummins,:: Esq, director
from this county, made few remarks,
In which he stated that as the manage
msnt Of the company had been called
In question, the directors were anxious
that sll the affairs Of the A association
should be fully investigated, and fol
that pur pose had adopted resolution,
recommending the policy holders OF
each county to appoint . COMMITTEES
to consult as to the best means oi
inquiring into the truth or falsity Of the
statement recently published In the
Philadelphia Times.
Several counties In Brandy wine had
&C ced on this recommendation and ap.
pointed committees, to meet at the
Girard House, Philadelphia, at 10.3
O'Clock this morning, and he thought it
desirable that a similar COMMITTEES
should be appointed from this county
to meet with them. There we're nc
irregularities in the present manage.
ment OF the Association that the direc.
tors were aware of, and the charges
ms " n hn
manner in which the business Of the
company was conducted during the
first tew months ofits existence.
Mr.. Cummins said that tho charge
that compromise had been made on
the $1,000 policy held by Hull, who
died soon after the organization of the
company, WAS evidently groundless.
Receipts on Fl 10 showed that some $3.50
had been advanced, and that the bal
ance Of 81, $50 had been paid at the ex-
piration Of the regular sixty days. No
policies have been compromised during
his term OF two years as director, and
but one is unpaid, and that that Is in
litigation.
The Insurance Commissioner of Penn
sylvania was at present engaged In
making . thorough investigation Of the
management and affairs of the Associa-
tion, which, az soon as completed
would be published. This is being
done at the request of the directors, W no
full appreciated the necessity of retain
ing the public confidence.
Mr.. Cummins himself carries policy
at about one-third the cost OF old line
and thinks that the affairs
Of the association are economically
managed. On motion Of Daniel
Bickta committee of three WIS ap
pointed by the chair a. follows james
T. Mullin, l.. A. Bower, w. S. Haines.
The chairman was afterwards added TO
the committee on motion of Mr.. Bower
A question was asked as to whether
policy holders must pay their annual
dues pending the Investigation. John
Johns stated that If not paid the 'olicy
would be forfeited. He and .,veral
others stated that they had pal their
assessments to that date. In response
to queries 1t was also stated that there
are held in this county ninety policies,
aggregating about $500, 600.
A motion that the committee publish
and circulate the result Of their investi.
cation caused some little discussion,
and 1t was finally resolved to leave the
matter discretionary with the commit
zee, and the meeting adjourned 70 meet
Lgain at the call of the committee.