The Topeka state journal., 1903-05-27
POLICY HOLDERS MEET
Everything Points to Interest
ing Kansas Mutual Meeting.

Kansas Mutual policy holders at Kan
saS City are to have a meeting Thurs
day evening at the Midland hotel for
the purpose of deciding what it would
be best for the policy holders there to
do at the meeting to be held here June
The meeting will be addressed by
John H. Atwood, of Leavenworth, who
was one of the attorneys for the Kan
SaS Mutual in the Duggan suit. It is
not known Just what form of reorgan1-
zation Mr.. Atwood favors, but he ls
presumably friendly to the Davis
Moon-Welcome regime.
At Abilene the policy holders have
met and voted in favor of selling TO
some outside concern. The Abilene
policy holders will be represented at
the meeting by residents of that city
holding proxies for all.
Wichita policy holders, on the other
hand, have decided to oppose the sale
of the Mutual. and will try to find some
way to reOrganize it. But it is said
that Wichita people are not in favor of
George Cole. one of the present trus-
tees, Who would like to be president of
a reorganized concern. The Wichita
Beacon says
About twenty-five of the policyhoId-
ers OF the Kansas Mutual Life Insur-
ance company residing in Wichita met
in the council chamber in accordance
with the call issued by M. W. Levy,
VIM. Matthewson and o. D. Barnes,
Saturday afternoon and discussed the
action to be taken by them with re-
gard to the meeting of the policyhold-
ers Of the state to be held in Topeka
next week As a result of the meeting
NJ w Levy, president of the State Saw
ings bank was chosen as a committee OF
one to go to Topeka and attend the
meeting with the proxies of those who
were in Saturdays meeting, together
with any which may be given him at
any time before the meeting.
1t was the sense of the meeting that
the Wichita policyholders' representa-
tive would go with instructions to work
for the continuance of the old COM
pany. providing its. management could
be placed in the hands OF competent IN
surance men who will conduct the busi-
ness in such a manner that the receipts
will be turned into the properchannelSi IN
stead of being paid out in the shape OF
high salaries to officers, as It IS sara
was the case under the old manage
ment
The meeting declared itself as being
against reinsuring in other companies,
for the reason that it did not consider
at least one Of those bidding at all re-
Mr.. Levy will go to Topeka and will
represent those of the policy holders
who leave their proxies with him at
the state Savings bank. His action
will be along the line proposed in Sat
urday's meeting. He said this morning
that il was the wish of the Wirh1t>e
policy holders to put the affairs of the
company in the hands of practical IN
surance men. and intima ted that the
trustees who have investigated the con-
dition of the concern did not come
within that category.
o. z. Smith. the other Wichita man
who will attend the meeting as the rep
resentative of such policy holders ~
shall designate him as their proxy, ana
who was suggested by the trustees ana
counsel for the complainant in the ac.
ton brought for the appointment of
receiver, is receiving many proxies
daily. and both he and Mr.. Levy viii
go to Topeka as representatives ot
many policy holders in this district and
vicinity.