Waterbury evening Democrat., 1905-03-31
OBJECTED TO CATHOLIC"
Clergy Are Against Trading on the
 Church Name.

III HcutIlG DelOEe tne cOHlullttee on insurance, Wednesday afternoon it Hartford, Attorney Benedict NJ. Holden vehemently lnveighed against the use of the word Catholic" ffl commercial enterprises. A resolution was before the committee for the incorporation of the Catholic Mutual Fire Insurance company of Hartford.
 The resolution names Thomas Walsh, Thomas Kelley and James Donovan as corporatOrs The second section places the capital stock at $1O.- O0O with power to increase to $50O,- GOO. When $100,O0O has been subscrib- ed and $5O,OOO paid in, the company may commence business. On the nc glect of any subscribed to pay any in- stallment within sixty days, his stock may be sold. and balance being rt- funded. In section the company is authorized to insure against fire on all kinds of real and personal estate on terms and conditions provided for ifi the cOmpany's bylaws. Policies may be issued. stipulated to be with or without participation in profits. Sec tiOn 5 makes the directors not less than five nor more than ten, a majority Of whom shall reside in Connecticut. Otli- CT sections provide that Messrs Walsh Kelly and Donovan be appointed to re- ceive subscriptions. When 1000 shares have been subscribed for, they may call q meeting, and the subscribers may organize the company. It shall not he lawful to declare dividends of over 8 pef Stitnt. .. !
 Attorney Charles E. Perkins said that he had consulted number of charters before drawing this. The name was particularly appropriate and The company was to be q stock company. with mutual powers.
 Attorney Lucius r. Robinson in Quired whether the company was sec tarian only in name. and Mir Perkins replied that the main idea was to pro- vide for Catholics an opportunity to get good insurance for themselves. The company would not bar patrons or policy holders of any denomination.
 Attorney Benedict NJ. Holden asked it had the backing of the Catholic church, to which Mir Perkins replied that dignitaries of that church
  not talked it over with them, himself.
 James Donovan of MiddletOwn stat ed that he and Messrs Walsh and Kelly were able to raise S50.0OO. They had raised in one day $S5.OOO. and Mir Kelly alone could raise $JO.O0O. To Mir Holden he said that he had not coll ferred with any of the dignitaries of the Catholic church in regard to using the name of the church for commercial purposes.
 Mir Walsh said that 1t was intended io promptly proceed under the charter. To Mir Holden he admitted that Inc had not learned the wishes of the clergy directing affairs of the church in Connecticut.
 Mir Holden said to Judge Arthur Perkins that he represented some of the clergy of the Catholic church. He did not object to another fire insurance company in Hartford. but he objected to the use of the name of the church in a commercial enterprise. The Rev Father Murray. chancellor of this diO- rese, had informed Senator Lake that he objected to any trading on the name of the church.
 The one thing to which the clergy object is line of demarcatiof between sects. Mir Holden vigorously ex- claimed: "I don't want to SC crowd of Catholics build a fence around the church I attend. Let us meet Monday morning as AmericaIf citizens. after at- tending church On Sunday" Mir Hol- lien said later: You have no right to take the name of the church and give 1t to a set of men to use for eommer- rial purposes. The men who manage the affairs of the Catholic church here are broadminded and the oppose traf- | icing in religion for the making of dol 1 Iars-
 Thomas !. Spellacy said that the 1 Transcript newspaper was I concern. It was a joint | stock company. one-third of which was ! owned by Bishop Tierliey. one-third by | F. O'Neil. one-third by Dr l Kane.
 Judge Perkins finally informed the ! committee that he was willing that the | word Catholic be cut out of the title |
 Lucius F. Robinson said that Mir Perkins with all his legal acumen had | failed to make the company a mutual i one. He disbelieved in mixing up T stock company with one having the l right to make mutual contracts. The l company couldn't he anything but a stock company. with the charter advo- rated. Instead of starting with xJ0.-