Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1900-05-14
Think Iowa and lows Laws Are
Good Enough Talk Of New
Management
Natter Not Likely to DO Decided at
Today's Meeting Ressmblsd .
Political Convention.

fAlOt0Cg6 VI lllC e5VulllMSsSSIu Liz 'fASSOs
citation met to consider the propositions
placed before them, the principal one OF
which was to move the headquarters OF
the company from Marshalltown and
take them to Kansas City, where the
company would be merged with the
Kansas City Life.
When an insurance meeting is SO
large that the officers OF the company
are not commodious enough to contain
the members present. and larger quar-
tiers have to be secured, 1t Is Of more
Than ordinary interest. Such was the
case when at 10 o'clock this morning.
when the meeting was called, the east
court room had to be solicited to accom-
modate. the patrons OF the company.
Between forty and fifty were in at
tendance. including many from out Of
town. Many Of the policy holders We're
represented by one delegate. John r..
Barnes. OF Oskaloosa, representing fifty
pr SO: r. L. Smalley, of Waverly, be-
tween forty-fiye and fifty: Postmaster
g. s. Turrill, Of Jefferson. in the neigh
borhood OF seventy-five, being the larg-
est. In all about 5000 policy holders
were represented at the meeting.
On the question Of the legality OF prox-s
les a committee was appointed to inves-
tigate after the meeting had been called
to order and II. s. Halbert was elected
chairman and II. E. kinney. secretary.
Mr. Turrill, Mr.. smalley and George;
Trautmann. OF this city, were named as
members OF the committee, and the ex-
animation OF the proxies lasted until
this afternoon. AT 11:15 adjournment
was taken until 1880.
Immediately after adjournment this
morning an informal organization OF
policy holders met in, the office OF
County Attorney Stone and the situa-
tton was talked over very carefully.
q Henry Wallace. OF Des Moines. was
made chairman of the meeting and G.
II. Smith. OF this city, secretary. A
motion was made to appoint steering
committee. sto8represent the policy hold
ers in the general meeting this after
noon. Mr.. Turrill, Mr.. Wallace. Mr.. j.
+. Grabe, OF Des Moines. and G. II. E.
Boardman. of this city. were made.
members of this committee. A COM
mittee on permanent organization was.
announced. In the persons OF Hon.
Henry Stone. Mr.. Moffatt. OF Waterloo.
and Mr.. Smalley. which will act in case
the meeting this afternoon does not re-
Bull I'LL dIly QellulLca dCllOllN OSlA6 kGhS4AS
and another meeting is to be held to-
night or even at some future time.
The general sentiment at this infor-.
NAL meeting was that there was no
need OF the Southwestern headquarters
being removed from Marshalltown and
being made a foreign corporation by
being taken into Missouri, and merged
into the Kansas City Life. The recent
m "a In nj "a I ifa Ivif h
the National Mutual, OF Minneapolis.
was referred to. and the present sltua-
ton was compared. Policy holders. in
short. are "up in the air. and altho as
yet they hardly know what to do, the
feeling is that the company had better.
remain In Iowa. be reincorporated un-i
der the new stipulated premium laws
and II they are not such as to allow the
company TODD business. 1t had better
go out Of business. The sentiment
seems to show that there is much doubt
y as to outside wildcat concerns. as
some OF the policy holders are won't to
term them. organized for just such pur-
poses as this, to gst the members
money and then break.
TALK OF NEW MANAGEMENT.
Besides the talk OF Incorporating.
those who are most interested In the
matter say that II the business OF the
southwestern can not be conducted
Z here under the present management, a
4 new management will be secured. The
q salaries of the officers We're brought up
IN the meeting this AFTERNOON, and
I they are to figure considerably Ill the
criticism. President Halbert, OF the
company. receives $500 monthly for his
work, and Secretary Kinney 1925 per
month. These are exorbitant, it is
) claimed by some, and II the salaries
were smaller there would be q better
chance for the policy holders.
The policy holders are very much in-
terested in the question, and one who
represents a large number said to q t.
r. man this afternoon that they were
going to see that the future OF the
southwestern would be disposed OF
rightly and in a business-llke manner.
I'VE insist on thorough investigation
and our purpose IL to keep this COM
pany organized here. and that 1t still
be an Iowa organisation. doing bust
ness under Iowa laws. which are surely
Just. and IL the affairs OF the company
can not be controlled by the present
ofiicers an entire new management will
\ be selected"
STEERING COMMITTEES REPORT.
The steering committee, which re-
4 ported late this afternoon. recommend
ed that an adjournment be taken TOR
forty or sixty days in order that more
Of the policy holders could be in at
tendance. This will probably be done.
A. the anti-consolidation faction is in
control of t,ne meeting.
The report OF the committee on
proxies was made this afternoon and 1t
was. stated that 1t had not been decided
to accept anything but those proxies
hearing the legal revenue stamp OF Is
cents. These included practically all OF
those whose votes would be against re-
moving to Kansas City, while the most
Of those In favor OF going bore only To-
cent atamps. A number of outsiders.
some In favor OF moving and others not.
also bore Decent stamps.
Mr.. Hatbert explained at considerable
length after the meeting was called to
order this afternoon, the reasons why.
IN hia judgment. the company should
move to Kansas City. be merged with
4 the Kansas City Life. OF which he n
st1eat aa1 - BUSINESS " Aisssslsi