The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-03-07
PRESENTED BY BOTH SIDES
Connecticut Mutual POlicy-HOlders Say
They Cannot Get What They Want.
Their Committee Issues a Circular, and the
Company Sets Out the Correspondence to
Show Reasons for Declining Requests.

The committee appointed by the policy
holders of the Connecticut Mutual states
that President Green is not inclined to full
fill the promises he made in affording all
facilities for a thorough Investigation. 1t
is claimed that he has receded from what
he said he would do when he told the pol.
icy-holders at their meeting. not long ago,
that nothing would be concealed from any
committee they might appoint The COM
mittee now asserts that its first request
for information met with q rebuff. One of
the essentials to promote the interests of
the investigation is q full list of
Indiana policy-bolders. The committee,
in order to have all policy-holders
notified of what is to be done, when the list
was refused offered to pay the expense of
having one OF the cOmpany's clerks send
out such notifications. This, 1T Is said,
was agreed to by the company, but after
ward President Greene declined to ave
the work done. Yesterday he telegraphed
the committee that if the list was given
ont, it, as well as the investigation as pro-
posed, would be used against the Connect
cut Mutual by rival companies. The COM
pany regarded the list as sacred. The CON-
mittee met yesterday afternoon and adopt
ed the following:
To the Policy holders Of the Connecticut Mutual Life
Insurance Company:
At a meeting OF the policy-holders of the Con-
necticut Mutual Life Insurance Company, held in
indianapolis ON the 18th of February, the under
thorough investigation of the affairs of the said
company, made necessary on account Of the en-
bezzlement OF a half million of dollars by Joseph
"A Moore, the financial agent OF the company for
this State and Ohio. The was in
structed by resolutions to secure the appoint
ment OF competent persons by the Auditor OF
State to make such examination, and to take
such steps "a are necessary to revoke the proxies
that have heretofore been given by the policy
holders IN this State to the officers or the COM
pany, and also instructing the committee, by
some one or more OF its members, to attend the
annual election in March, and to make an effort
to secure a representative on the board
of directors from the West and this
State. 10 the end that the policy holders here
might have a better knowledge of the affairs OF
the company and its future management. Sew
eral officers or agents OF the company were pres
lcnt at these proceedings, and no criticism. was
operation was promised in all that was necessary
TO make a thorough examination. The State
aggd nr OF dse dG an dnnSrt nm t1ls for S,'g Z w easre presedde
ence with the p0licy-holders of the State, to give
ms their names and addresses. In this respect
the company has changed its attitude, and now
refuses us any information as to who are the
poiicy-holders or where they reside. and the Off
GERS at Hartford have instructed the agents in
this State to refuse us such information. We are
unable, therefore. to ascertain who the policy
holders are. The only resource left us Is the me-
dunn OF the public press We, therefore, ask the
aaLy INV WOthAJ PoROAo Va tho RtAe w ~ tAAo
matter such friendly notoriety as they feel the
facts will justify. Our purpose is that the policy
holders may see the notice and favor us with
Their names and addresses by postaleard or
otherwise to David w. Coffin, this city, to the end
that we may correspond with such policy-holders
and send to them blanks for revOking the proxies
heretofore given to the officers of the ompany.
We ask the policy-holders, so far as they may be
able to do so, to see that this notice Is inserted
in their papers. and that they will promptly
send their own names, with the address, and the
names and addresses OF all other p0licy-holders
within their knowledge. The time Is short, and
prompt action is necessary. The Auditor of
State, In a conference with US, promises full CO.
operation in the Investigation, and has already
approved the selections we have made. and the
examination will begin as soon as possible under
the circumstances LEVI c. WALKER,
WILLIAM HENDERSON,
DAVID w. COFFIN,
j. c. ADAMS.
j. i. BIELER.
Committee.
HENRY d. PIERCE, Secretary.
INDIANAPOLIS, March 5, 1889.
General agents of the company were here
yesterday in conference with the COM
noff%aa anI - 10 ofafaJ that fbar- aS1~ 90