Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-01-12
Annual Meeting Of Southwestern
Insurance Company Tuesday
Will Be Interesting.
Thought by Policy Holders That
Another Effort to Sell Com
pany Will Be Made.
ii Such Effort is Made Objection
in Strenuous Form Will Be
Registered.


the Southwestern Insurance Company.
OF this city. between the faction wishing
to retain It's offices in Marshalltown un
der Iowa laws and that desiring 70 re-
move 10 a foreign state, where insur-
lance laws concerning stipulated premi-
um companies are little more favor.
able, Will probably be on in this city
next Tuesday, Jan. l5 the date of the
annual meeting of the company.
Postal cards bearing the following
sta tements have been sent out to many
of the policy holders of the company:
The annual meeting of the South
western Mutual Life Association will bs
held at the home Office of said aSsocia-
ton on JAM. 10. 1901, at 10 o'clock a. m.
AT this meeting there will be taken up
the election of officers and the transac-
ton of other business coming before the
annual meeting, including plans fer re-
adjusting the business OF the associa-
ton or consolidat ton, transfer or rein
surance with some other financially
strong company, so as to place this g.
|soclation upon such q basis as to fully
meet the legal requirement. OF the vari-
Gus states and enable those in charge to
protect the interests of the members
and discharge all future Obligations.
The interests of all the mem bers
Will be faithfully represented, whether
present or absent, and no plan Will be
adopted unless, in the opinion of such
meeting 1T will be such az to increase
the cash security behiel the insurance
| in force and leave no uncertainty as to
1.-The future.
BY order Of the board of trustees.
Respectfully, "A. ID. COOPER,
,Asslstan, Secretary !"
Attention to the meeting was called
by a policy holder residing outside of
the city and the statement was voucn-
safed that trouble similar to that of
Hast spring was in store for the mem
hers. This policy holder declared that
those members of the organization re-
siding In this city were coming in force
land would work to retain the company
H. Iowa, with headquarters in Mar
Ishalltown, even il by doing so a higher
premium rate had to be paid for the in
surance already carried.
The sentiment among members is
Claimed to be that President Halbert fa-
yored selling out the company to an out :
side concern, presumably TO a Los An
geles, Cal, company, and if this proves
TO be the case war Will be waged IL the
members have even a fighting chance.
1T is thought, however, that Mr.. HAL
| bert Will be ii control Of so many
proxies that he will be able to do about
as he pleases with the concern, as he
was at the spring meeting. had he no,
neglected to stamp the proxies he held
AT any rate the meeting on Tuesday is
lsllkely To be an Interesting one and q
considerable amount of feeling is likely
10 be engendered.
/ Some of the outside policy holders
even feel that it would be better for all
concerned TO place some one else in MIR
Halbert's place at a more nominal sal
airy and reorganize the company on a
paying basis. This feeling found ex-
! preston in the meeting last spring
1 Many of the present policy holders have
! been insured in the company for many
Years and they are now beyond the in
surable age in other companies. Rather
than lose the money they have paid In
premiums they would rather pay a
1 greater amount in annual premiums in
4 the future.
| president Halbert could not be seer
this afternoon as he was still in Kansas
| city, where he has been for severa
1 weeks on business. Secretary Kinney II
also in Kansas City. 1t is expected thai
Mr.. Halbert will leave Kansas City to.
right for Marshalltown. and will arrive
rome Sunday morning. MIR. r. s. Kauf.
mann, of the office force was asked
| whether or not there were any negotia.
tlons for sale pending that would come
/ up for consideration befora tha ammo