The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-04-19

were sixteen dissenting votes recorded
against 1t, but they represented, II was
said, merely a feeling an ong the delegates
that the consider alton Of the resolution
ought to he lett until to-day when q g con-
ference will be resumed. The resolution
follows:
Whereas 1t is our firm conviction that a
complete and immediate naturalization OF
the Equitable Life Assurance Society Is
demanded "a a corrective Of existing con.
ditions and a protection 20 the society and
its polcyholders in the future and
Whereas, representing the agency force
OF the society throughout the country, and
therefore being in touch with the senti,
ment Of the policyholders, we believe that
this conviction Is almost universally shared
by the pOlicyholders; and
Whereas the qualified naturalization
provided in the amended charter recently
adopted by the / GARD Of directors Of the
society is, in our opinion a compromise
measure Of doubtful advantage and eX-
pediency. and cannot be put in operation
Immediately through the recent litigation
that promises to be prolonged, and
Whereas said charter under the circum-
stances cannot be regarded as afording
relief or benefit to the society In the present
crisis and
Whe cas- we believe that it was the con-
yictlou ul me founders Of the society, as
reflected in their many utterances and in
the provisions Of the societys original
charter, that the society should as soon
as practicable, become a mutual company
in fact as well a. name and in the com
pIetest sense Of the term;
'RGSOirCd, That we do hereby petition
the Legislature Of the State Of New York
to exercise its penary power by enactinR
such an amendment OF the charter Of the
Equitable. Life Assurance Society AZ will
accomplish speedily and with certainty the
admission Of the polcyholders, who arc
the real and beneficial owners of the society's
assets, into a substantial direction and con-
tro' - i's 7d0'inis'ratio0'
"Rosolrod. That il is our OPINION that a
rolicyholder should lie eligih le for election
as a director Of tie society, a nd that every
holder Of a policy Of the society should Re
given by law the right to vote in the electiol
Of all directors.
-Resolred that in our opinion tie inter-
ests Of the societN's rolicvholders num-
hering nearly go Geo and scattered through
out tie world and II interests Of the great
body Of tie soCiety = agents, WHO are de-
pendent for their success and liVeliF God
uTon the maintenance uninTaired Of the
prestige and popularity OF TIE society
require that the control and adninist ration
Of the great concerns Of the society should
! e placed upon firm, just and enlightened
foundations, so that it, direction shall he
free from doubt or suspicion as to its i'm
Partially, disinterestedness and fidelity.
'R6sOired, That in our judgment the
questions presented by the existing con-
dtions within the society are Of a dis
tinctly public character; that there il a
plain public interest in their prompt and
Just solution, and that the Legislature ia
the only quarter where there is hope Of the
immediate and efeetual relief demanded
by the situation.
'ResOired, That a committee OF the agents
and managers here assembled, consisting
of one or more members from each
state, Of which the Chair shall be one, be
appointed 10y the Chair, with instructions
70 Immediately wait upon the Superin-
tendent OF Insurance Of the State Of New
York and his ENcellenCy the Governor
Of the State of New York, and to present
to each a copy Of the foregoing resolu-
tons.
1t was also determined at the meeting
that committee of eleven should be APP
pointed 70 draft a constitution and bylaws
for a national organization Of general
Managers Some Hyde supporters as
serted that this was an organized effort
on President AleNanders part 20 strengthen
his control Of the agency departments
and thus control the proxies Of the poll y
holders if the naturalization plan ever goes
through
To-day's session Of the agents will have
10 do chiefly with the plans Of organizing
the national association.