Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-01-23

morning WOULD consume little time III
determining course of action, but 1t
was IL O'clock before this was accom-
plished, The meeting vas held in the
offices of Carney & Holt, owing to
misund erstanding in regard to securing
the K. p. hall. The attendance was not
SO large as at the previous meetings, as
many of the members from other towns
could not remain longer in the city. The
following directors We're chosen by
unanimous vote and the proxies out
standing were used: A. r. Balch, Mar
shalltown; L. e. Smalley. Waverly; II.
IS. Kaufmann, Marshalltown; A. b.
Cooper. Marshalltown; Fred j. sackett,
Afoines.
An agreement wac made that the Off
cers whom the directors might chose
lSmonth for the president or manager,
4 and $125 for the secretary Later the
/ directors met and selected the following
| officers:
president and manager Fred j.
4 Sackett.
Vice president and treasurer-A. #.
I3alch.
secretaryA. b. Cooper.
Mr. Balch was urged to accept the
presidency, but he declined to accept.
as he did not feel like assuming the re-
sponsibility of such position. The
suggestion to make him director first
came from Judge Caswe! and was
gladly accepted by all factions, as ii
was realized that a fairer or more just
man could. not be found With the finan-
cial knowledge to fill the position. Mr.
4 Balch says he will see that fair play
is given for thirty days, when the poll
4 Icy holders may settle the problems TO,
themselves.
AZ its meeting the board formulated
4 plans for carrying out the instructions
of the meeting, relative to proxies.
THE PROXIE ARRANGEMENT.
4 Another lively discussion ensued over
4 the matter of proxies in line with tbs
4 suggestions made by Judge Caswe.l. Ar
n effort was made to annull all the prox-
& leg now outstanding and TO compel this
/ issuance OF new ones. The lawyer:
4 present contended that this could no
be done. az the meeting had not tht
POKER TO do so. Others argued agains
such a course because of the expense
= as each proxy requires a 10 cent revenu,
stamp, and as there are over 1000 prox
q les now outstanding the cost would ex
Z |ceed $500.
q resolution was finally adopted
I however, instructing the new board Q
: directors to prepare a form of proxy
\ the same TO be submitted to Judge Cas-
q we'll for aprpoval and to contain !,
I brief the question of reinsurance or re
| organization. and that these forms b
) sent 10 every member. A circular of in
i Estructions iasaiso to be sent TO ea'sh b
Fl the board, containing a notification Ina
$ # IL is desired new proxies may be SEM
l5Othsrwise the outstanding proxies ma,
"A be voted as the holders see fit. No on
slopposed this measure. except that sew
! ieral wanted 1t to be made more sweep
4 Ing To compel the Issue Of new proxis
: in every instance. On this latter aues
tion The vote of the meeting was til
! and Judge Rrannan, OF Muscatine, VIII
Was presiding, declared it lost.
u Before the meeting adjourned Pres
= dent Edwards, of the Conservative Lif
llsof Los Angeles. addressed the meetin
: and took occasion TO assure the mem
9 bers present that his company did nc
G Wish to assume the business of til
southwestern unless ii could do 80 Wit
honor 70 itself. with the full concur
& renee of the policy holders and With til