New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-02-27
POLICY-HOLDERS ARE GLAD.
THEIR REPORT ON THE NETWORK LIFE
WANTING Mr.. BErRs's PENSION CANCELLED

WANTING Mr.. BErRs's PENSION CANCELLED
AND ASKING SUPPORT FOR MR.. McALL.
The committee Of policy holders Of the Network
Life Insurance Company made its report IL calls
attention to the gravest abuses In the management
of the company which resulted 10 inc mNesuEs'loh
Of the Insurance Department, giving 10 the committee
the legal evidence upon which 20 proceed strongly
complimentary reference is made "a the fearless ana
conscientious performance Of duty By superintendent
-, Ineurancc pierce and his deputy, Michael shannon
The committee considered question OF removing
the president Of the company by an appeal 10 the
courts, as well those trustees WHO han oo
opcratcd with him and also to compel restitution OF
some portion at least of yonr (the poicy-holdefS)
money which they had mi,appropriateu.'
The committee considered the possibility OF tie COM
plIcs,lons arising ont OF court procecdinsS wmcn might
have resulted I'm a reccivership and decided 10 make
. ncaccful reorganzaton. The committee then fesl'cS
ms a justification Ms course the iacrS tha' IL ms
ACCOMPLISHED the resignation OF W. H. becrs, uc P'oHi
don't and the appointment Of John A. Mc,ah w. Us
successor The report pays u1pu~ I'd ''' ~"
and then rrctcs mat five additional vacancies were
created In the board Of trustees to be hiIed Dy -
vhitncv F. d. Randolph, president OF The Continental
rank. C. : Fnirclhld. president Of the Ncw'forh
security and Trust Company; Woodbury. Lahsdoh ana
Colonel A. G.. Paine ,,,
The committee saws that while u most coru''P
congraulates pollcv-holters upon these results IL use
the vital Importance OF ioiU"iub "P ~ =,
o work so well begun Five more vacancics III tno
800, ,tu exist at the annual meeting In April, ana
n,oa l. mode IN have them flied by men in harmony
,.th Mr. Mccall the new president. Tho committee
also protests against the proxy system Ouo uso'
that I'm order TO secure reform pohcy' houe'' '"o
"a tber proxies 10 the Central Committee or 10 such
loco, committees rs may be formed IN the respective
districts. ,.,, =,
The committee presents n series OF resohiuoDs uc
md
Mr. Mccall as president. declaring that tne pc'So'
,,tea m TIN, ex.presdent should I've resisted In INC
conrts calling for the restoration Of the services VI
rba,dorr A. Ianta the former cashier and demanding
n change I'm the lave governing proxies" ot'er rcso
lutiOns follows At,
p.so,ved That the following NAMED members OF this
committee shall constitute executive board if inc pi'
60 81 ,-ansctinc such business may conc before inc
committee IN the intervals OF the regular meetings. e
W Slocum Henry NJ. Sanders. Charles T. h'n"ntV'''
Frank pckerson Thompson Dean O. DC ootuoN" e. L.
underwood Isaac II. Bromley, George Stin- thhr''s
s,cdsr Lowell NJ Palmer. George .. Scott fTedeIicN
,r.. sr,,rgnc,d Mn.; slias p. Miller. Louisville.
Ky: W. NJ. Baldwin. Saginaw. Mich. james H. DV''''
and = u Christian Richmond Va: C. w. T. GFimths'
nenver Col: a. S Durham Seattle. Wash; Sahuel D.
Hale Cincinnati OHIO; j. H. Dwight Chicago III. Ea'
win H. Abbott Bo.tln. Mass aad T. NJ Ospo'n' Auo"'"'
y. Y. .,-...
militia he anuoind subcommittee 10 hold and N6" upon
nroAs on behalf Of tails committee, provided mat no hem
hoy M such sub committee shall b" eligible 70 the oce VI
trustee nenry W. slocum, Thompson Dean' 'har'S l.
HUNTINGTON Edwin II. Abbott and Frederick Harris
Resolved That tho thanks OF the policyhold"rs ana al
,,,o.a IN hone.t manager c1t a life Insurance cona
mics are due to .The New.York Times" n Theodore NJ
Banta and TO the Hon james F. Pierce and'Nca'l shan
non call for the dlslnterescd work they have done III
behalf Of the company