The Topeka state journal., 1903-06-20
WILL MEET JUDGE HOOK
Question of Confirmation of
Kansas Mutual Sale.

All of the attorneys and officials in
terested in the Kansas 44utua1-IllinCls
Life negotia tons went to Kansas city
today to meet Judge Hook and there IS
expected to be some sort of a fight
made by the old Kansas Mutual people
on the confirmation of the Illinois Lie
reinsurance contract.
Just what form the fight will take, or
just who will make it. could not be
learned. as all of the people in position
to speak authoritatively in the matter
are in Kansas City.
Some people think that the attorneys
who have been attending to the inter-
ests of the Kansas Mutual, Kansas
Union and National Life have simply
gone to Kansas City to look after the
proposed settlement of the pending dea1
between the Kansas Union and Kansas
Mutual The Kansas Mutual or its
successor. the Illinois Life. has a claim:
against the Kansas Union for $19 900,
which has been included among the
non-admitted assets of the company
The Kansas Union IS said to have of
fered to settle this claim for $40. 600 but
this was prior to the recent meeting of
policy holders and sale to the Illinois
Life. It is possible that the attorneys
Tor the kansas Union, which is now
owned by the National Life, will try
to avoid paying anything to the I'LL
nols Life in settlement of this claim.
DINERS are of the opinion that on ac-
count of alleged Irregularities in the
method of conducting the policy hold
ers meeting this week an effort will
be made to nullify all the proceedings
fhls s not likely. however as the fgbt
between the Illinois Life and the Ma
Ional Life for the business of the kan
Sas Mutual has all been settled and
the National is generally believed to
nave virtually sold out its interest and
good viii in that contesf The disDate
very hkely has something to do with
the settlement of the oiIeetionaI,I.
claim of $4,000 which the old Kansas
Union owed to the Kans1s Mutual
among other things. it was claimed
that the meeting this week was irregI-
lar for the reason that a two thirds
vote was not secured against the pro-
posed plan of reorga aflizatiOn George
Cole one of the trustees. had already
hetd that a two-thirds vote was neces-
sary to defeat the proposed plan of Ii
quidation. but Chairman Leland ruled
that as a majority voted against reor-
ganlzatlOn, the plan was defeated This
caused considerable opposition at the
time, and A. l. Redden of this city
made formal protest and said:
i want this protest to go into the
RECORDS so that it will be brought 10
the attention of the United States court
where it certainly will be called up"
There was also much objection to the
order of business which the trustees had
drawn up 1t was asserted that the
trustees were seeking to influence the
course Of the meeting, and force the
stockholders of the company to take up
certain things in a way which was of
advantage to one faction more than the
other.
one of the friends of Judge Hook said
today:
I don't think the court win stand for
much more monkey business in this
thing He has had the Kansas Mutual
up before him so much that he is anxi-
Gus to get it out of his court, and he is
not likely to waste any time with fri
volous complaints He will in all pro-
liability refuse to do anything which
would tend to unsettle the existing con
ditions. He is satisfied, no doubt, that
the policy holders have given a fair ex-
PRECISION of their opinion and he will see
that it is enforced"