The Topeka state journal., 1903-06-18
THE ILLINOIS WINS
Secures the Old Kansas Mutual
Company.
National Life, the Only Compet-
itOr, Withdraws.
VOTE WAS UNANIMOUS.
Deal Made by Which the Dead
lock Ended.
An Interesting Session Pre-
cedes the Final Vote.
Terms By Which the Purchase
Was Made.
VOTE WAS UNANIMOUS

Was Made.
By the unanimous vote of 4,4So Kan
sas Mutual policy holders Wednesday
night. the proposition of reinsurance
submitted by Illinois Life Insurance
company was accepted. Just before the
third ballot was taken, the National
Life company withdrew from the con-
test, and every proxy and policy holder
present at the meeting swung in line be-
hind the band wagon.
The compromise between the rival
factions, and the breaking of the dead
lock which had existed during the af-
ternoon, was effected during the recess
between the afternoon and evening ses-
sions. The terms of the deal are of
course not generally known. 1t is be-
Ieved that the National Life company,
and possibly some of the friends of that
company who have been fighting its
battles, were well taken care of by the
Illinois Life. All the expenses of the
National Life in making its fight will
no doubt be paid by the Illinois Life
President Phelps, of the defeated COM
pany, said after the meeting: I haven't
anything to say about the terms of the
0Cdl- It C6HlIdl lQGd W dS lUdL II
would be injurious to the integrity of
the Kansas Mutual to prolong this con
test The successful company has our
best wishes
1t was $50 before the officers of the
rival insurance companies finished their
conference at the Illinois Life head
quarters in the Copeland. Meantime, the
policy holders were waiting at Repre-
sentative hall, wondering at the cause
of the delay.
When Chairman Leland called the
meeting to order, President L. G. Phelps
of the National Life took the floor and
said:
I'VE presented to the Kansas Mutual
policy holders what we thought was a
good bid for the business of the com
parry. The possibility of continued
strife, however, leads me to thank the
gentlemen who have been supporting US
so strongly and to say that so far as
the National Life Insurance company is
concerned. they are released from all
promises and pledges which they have
made to US.
when we came to Kansas. we said
we came here as western company to
try to save TO the west the wreck OF
this Kansas Mutual Life Insurance
company We thank you for your sup
port and we think that nothing more
should be said about this contro-
versy."
HE roll call OF the lHiIQ Ddi1ot was
at once commenced, and it was evident
at once that the surrender of the Ma
tional forces was complete. JOhn II
Atwood attorney for the National Life,
came fourth the list He had three
nroxies and voted them all for the Hi
nois 7 life. Seven votes were cast for the
Kansas City Life proposition by Kan
sas City people. but they were changed
to Illinois Life before the vote was an
nollnced George w Crane cast two
,r,i-z ion
last one to change them to Illinois Lie
At the conclusion of the ballot MT.
cole announced that 4.430 votes had
been cast of which 4,43O were IN favor
nent was greeted with great applause
Theo. K. Long, who had led the fight
for the Illinois Life, thanked the policy
i holders for their action.
1t was then voted that the trustees OF
the Kansas Mutual send out at once
/ to each policy holder a report of the
action of the meeting. together with Il
copv of the insurance contract given by
the Illinois Life.
RESULT OF THE BALLOTS.
The afternoon session commenced at
/ 3.15 o'clock. The vital business of the
meeting at once commenced. An at
tempt to defeat the liquidation plan by
unanimous consent failed, and a roll
call was necessary to show that 42ll
were against liquidation and 80 for it.
ReOrga MIA ton had a somewhat larg-
er following, but it also was turned
down by the overwhelming vote of B.
0201s to 36912 On this ballot none Of
the Morrill, -Mulvane-Wilder crowd
voted. and the total vote cast was only
$780, TWo-thirds is Ais, and the COM
mittee of three seemed to think that
/ Chairman Leland would have to decide
that no action had been taken on the
4 proposition. They We're seeking to play
for time. and delay a vote on the rein
surance propositions. Mr.. Leland ruled.
however, that it was not necessary to
! have two-thirds vote to defeat the
proposition of reinsurance as no def
mite plan had been presented to the
policy holders.
ruling" said A. L. Redden of Topeka.
Your protest will be taken note of, .
replied Mr.. Leland
That's what l want" said Mr.. Red
den. I want it in shape to go before
the court. and it will certainly go there .
HAD A LITTLE SPAT.
Chairman Leland then announced that
the policy holders would next vote on
the question of whether or not the COM
pany shall reinsure.
Il rise to a point of order" said Ben
nett r. Wheeler of Topeka. I'd like TO
know what authority the trustees have
to put motions before the house in this
way It certainly was not contemplated
by the court that you should more than
suggest an order of business. I do NOT
think you have any right to present mo-
tions to this body"
This order of business which we have
been following" said Mr. Leland, was
drawn up by Judge Hooks request, and
was approved by him We are simply
following the order of business"
1T isn't binding upon the house, said
Mr. Wheeler. THE court says that the
trustees shall take no part in the con-
| troll of business. I think that business
should originate in the body of the
house"
Well what are you driving at, any
way?' said Leland.
Il want the business of the meeting