New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-03-27
ONE DIRECTOR CARRIED III.
HE HELD TIE PROXIES OF 1900 ALL
SENTEES.
THE SIMPLE WAY IN WHICH HE OBTAINED THEN
IAN EXCITING ELECTION OF THE MUTUAL

THE SIMPLE WAY IL WHICH HE OBTAINED THIN
IAN EXCITING ELECTION OF THE MUTUAL
BENEFIT LIFE ASSOCIATION.
There was Stony time at The annua. meeting OF
the policy holders OF the Mutual BENEFIT Lie Asso-
citation. which took place yesterday at No 4" hi',
Forty -tnird-s The Office Of The company III West
F0rty-Second-st. was closed. and notice 10 'Fd'
effect was pasted on the door, Around the corner IN
little hail. about 800 policy holders, cigh'y-hNe
agents of the company. and eighteen directors FAD
gathered President Kent was in The chair. lie
called the meeting order. and announced the cleo
ton. Persons jumped up iii all parts Cf Tie room
every one with a different motion. The pTes"eh'
rauped his gavcl for order, but pardemonium resned
for about fifteen minutes. At the last meeting VI
the board of directors resolution adopted where
by the votes of the absent policy-holdcIs, on any
notion may be cast by of the members OF the
board Of trustees as proxy. This the policy -hoccr'
object to- as il gives the policy holders no say III
the voting II. NJ Hitchmgs and General Theodore
Gates on behalf of the policy holders made apP"-
cation on Monday before Judge Andrews, In supreme
Court Chambers, for an injunction restraining "'
toard of trustees from voting in this way Tor absent
members. ON Tuesday Judge Andrews HANDED doNh
his decision refusing the application
President Kent appointed three telers from among
the directors and another director stepped forward anu
cast ballot for the loo members absent WITHOUT
knowing the wish of these persons IN the matter anu
tile following were elected directors: Lew NJ bales
the Rev. w. H. Mckc. George ]. Patterson
Rufus Bullock and J. Trumbull smith. These dlrc'-
tors took the place Of William l. Gardner. "chcrdi
Uoratjo c. King Rufus Bullock James f. pStiahuei
and Brewster Maverick. whose terms had expired
The special committee appointed by the pohcy -hodeS
at the last meeting of the company 10 make an cA-
animation of the books made their report, WHICH
showed "A deficiency Of about 100000. They "eh'
over the books from Tie time when Edward hch'
came into the company. lu l--3. The report was !.
long one and in il the committee which consisted 81
Mcs>rs. Iiitchings. Iiutc'>oi. cate, and IVES cru
C!>cd the actions oi MIR. Kent a, president
Afcr the reading q. the report General hlnt maui
a long speech III which hc ddhllit'd thdt tli-' W'ic
carried on in a spsLOd manner tat the management
IF the company very loose ana tlidt tlc AGENTS
we're oVcr,r,id. This brought General Ialcs T. ms
feet want To- KNOW" aid De. " how II wa, that
such state Of affairs existed when You were director
and could help to prevent and ddf't. How wa III
20 MANY policy holders dropped out Genera! hhS
could not tell.
Nh LoNc,t. a director here sprung in re- luton -
have the report laid upon the table. President h'i
snapped this motion up and il Wa passed before tho
policr holder knew what had happened Ano'l'f
motion was quickly made 10 adjourn ana wa, a.
quickly passed. RI j. daily expected That Referee
Tracy will hand down hi, decision in the charge against
President Kent Of malycIsation in Office.