The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-12-11
MIR. STRAIT RESIGNS
Secretary and Treasurership of Life
Insurance Clearing Co.

Secretary and Treasurership of Life
Insurance Clearing Co.
H. Burton Strait, the secretary and
treasurer of the Life Insurance Clear
ing company, has sent in his resigna-
ton to the directors Of the company.
Mr.. Strait in his letter to the direc>
tors gives his reason for rendering his
resignation. This is as follows:
To the Board of Directors of the Life Insur-
ance Clearing Company, st. Paul, Minn.-Gen-
tlemen: l was confined for several weeks
during September and October, 1896, with a
severe attack Of typhoid fever" and my
eonvalescence was so slow and protracted as
to practically disable me from properly at
tending to my duties as director, or as Sec
rotary or treasurer Of your company for a
long time thereafter without danger to my
health; and while so disabled, 1 was requested
to sign and verify the annual statement Of
your company for the year 1896; and | did so
with the assurance and understanding that it
was correct. Since then, it has been claimed
that such statement was not correct in some
important particulars; and judicial proceed
ings are now pending in which 1 am charged
with having failed to properly discharge the
duties Of secretary and treasurer of your
company in that and other respects. The
complaint in these proceedings has been pub
lished, and such publication has caused me
much annoyance and probably some damage.
l do not think that ought to hold the posi-
ton Of secretary and treasury of your COM
pany while such charges remain uninvesti-
gated; for these reasons, and for lack or
harmony in the management OF your COM
pany I have determined to resign my office
as secretary and treasurer Of your company,
and 1 enclose my resignation to that erect,
respectfully requesting you to accept the
same without unnecessary delay.
The charges made in these judicial proceed
ings are wholly without foundation, in so far
as they assert or charge any Intentional mis-
doing on my part. Every official act done by
me and every vote cast as a member OF your
board, will be found free from any selfish mo-
tive, and my resignation proceeds upon the
same view. During my entire connection
with YOUR company 1 have done all in my
power to promote its interest, and 1 sincerely
hope that it's business may prosper.
The resignation retired to reads:
Gentlemen: I hereby resign my offices OF
secretary and treasurer Of the Lille insurance
Clearing company, and respectfully request
the Immediate acceptance thereof
Mr.. Strait, seen by a reporter for
the GIob e and asked if there was
anything in addition to that mentioned
in his letter as his reasons for resign
ing, said that practically covered 1T.
His letter to the board expressed his
views.
81 have taken this position" said he,
because my personal interests de-
mand it. I have been ignorant of mat
tiers relating to the company except
in a most general way, and L do not
care to say anything more until the
report Of the examination by the ii,
linois and Minnesota insurance de-
partments brings out any further facts
of interest to the people, If it has been
found that there has been anything
wrong, I have not known about it. 1
still retain my position as a director
Of the company"