Gainesville daily sun. (Gainesville, Fla.) 190?-1938, 1905-12-08
LAWSON AND THE POLICY
HOLDERS.

The Georgia holders Of policies 10 the
Mutual Life and New York Life Insur-
ance Companies Of New YOFk have ar
ranged TO meet in AbaHta on Decem-
Der 18th to elect Representatives TO at
tend the neXtanBual meetings Of those
companies and use heiF proxies In the
way that will seem best OF that time
Bior their interests, says The Savannah
Morning News
We have received an anonymous
communication askiDg an opinion &C to
the I'D visibility OF policy holders in the
Equitable. Mutual and New York Life
sending their proxies TO Tho5. w. Law
son Of Boston-the lawson who has be-
come we'll known throughout the coub-
try ss the writer Of certain senSation-
al magazine articles on Frenzied Fi-
nance. We seldoh tpke notice Of snony-
nous letters, for The reason that, ~ q
role, the writer's Of them have a pur-
pose IN view which they do not dis
close. In ether words, they are not en-.
tiFely sincere. We have no doubt, how.
ever, that there are a good many pol
icy holders in this State who do not
know whether or not II would be ad'
viSAble TO go into partnership with
Br. Lawson.
We do not know anything more
about Mr.. lawson than what he dis.
closes IN his frenzied finance articles,
but It ~ ms to us they disclose enough
TO justify policy holders in sending
their proxies to some one who has had
much less to do with Wall street than
Mr.. LAWSON, according 20 his own story
haS, We do not mean that Mr.. Law.
son wouldn't do what he thought
would be best for the policy holders,
but he seems to have q pretty htFonR
feeling sRAinSt the leading officials Of
the great life insurance companies and
IL would be only human nature for him
20 permit his feelings 20 Influence his
judgment.
The wiser plan, II seems to us, would
be 20 send proxies TO some Such man
90 stuyyeSAnt Feb, who 10 q director
10 the Mutual. In New York be has
the confidence Of those who are inveS-
tIgstinE the companies and HlSO Of the
companies, There IL no doubt that IL
be should consent to receive proxies,
he could be relied upon to do the best
that could be done for policy holders.
And there are directors Of each Of the
companies who have had no part 10 the
grating, and who are anxious that she
interests Of the policy holders shall be
properly cared for.
In our dispatches yesterday the
statement was made by the chairman
Of the ATmOtronR Investigating Com.
mittee that policy holders would make
. mistake by SurrendeFiDg their pol.
lelsS, The companies are ell Sount
ana nCIally, The grating 20 which
they have been subjected has made
scarcely any impression upon them.
BssideS, the legislalIon that the Arm
strong Committee will recommend will
90 safeguard the Interests Of policy
holders that, In future, the amount OF
graft will be very email. There IL no
particular FeAson at present why pol.
icy holders Ihould be uneasy. II they
are going to take part In the annual
elections Of theiS respective companies
they should endeavOT TO select ~ al.
rectorJ men whom they have reason 20
believe have no axes TO grind aud no
enemies 10 punish, % fac % life inSuF.
Ance companies are concerned, and
who can be depended upon TO interest
themselves In the business OF the com.
pHW with which they are connected
20 the extent Of noe sanelioning any
wrong doing OF any SOFt,