Evening journal., 1905-10-31

this state the fun benefit to be derived
from Its Insurance Department,
It Is Further Resolved, That tho
said Insurance Commissioner be and he
Is hereby requested to publish the
statements OF the said Insurance COM
panies pursuant to the statutes, as
soon after the first day Of February,
A. D. nineteen hundred and six and as
long boiofe The first day OF July, A. d.
nineteen hundredf ana six, as IS con-
sistent with The orderly administra-
tion Of his ofh.e.
I'D view OF the questionable practices
ana misapplication of .rust funds by
certain OF the officers OF certain life in
su'aHoe companies, doing business in
'a.s state. resulting Ia the impairment
'l the value of she coinpanys assets
aid ho destruction Of public confidence
In their integrity.
70 Us Further Resolved. That the In
sufance Commissioner be requested 10
inform the citizens OF this state by
notices in the newspapers. whenever
he shall have occasion 10 refuse an ap-
plication by a life insurance company
for a certificate OF authority to do
business in this state. and whenever
he shall withdraw certificate of
authority previously given.
RESOLUTION ADOPTED
Willard salisbury favored the adoption
OF the resolution and thought It would be
a good way for taking care Of the fu-
ture. He said there is si0lO.CO) annually
sent from this state for life insurance.
The resolution was adopted
J. Harvey Whteman moved that a
committee OF five be named for the pu
pose Of receiving proxies from those who
desire TO turn them over 10 Mr. Law
son. lie made a few remarks on the mat
ter and said that Mr. I.awsons onef was
fair and that hr had promised TO act
for the best interests of the policy hold
crs. MI Whteman declared that Mr..
Lawson had done more than amy enc
else 10 stop corrupt practices In the b 3
companies. He considered Mr. Lawson
the proper person TO send the proxies 10.
Mr.. Rossell suggested that some O her
nnme than that of Lawson be irseit "a.
William Watson moved that ths COM
mittee appointed, consist of the chair
man of The meeting. one man from each
of the three companies now una inyos-
tigation ana ono from a company not un.
der Investigation
AZ an amendment 90 the amendme nt,
r. j. Macloan moved that the name Ui
Lawson be stricken out md the rame of
Federal Judge George Gray b. inserted.
lie held that numerous people ala not
know Lawson and we've therefore un-
pr. Springer declared that no o e hal
more respect for Judge Cray thfn him.
self, but he was opposed TO pllclrg him
On this luton because he Is a busy
man and he felt that Lawson was the
proper man To represent the rolicyhcld-
ers.
Al. II. Ward spoke IN favor Of Judge
Gray or some other lccai mdn. The peo-
PIE do not know Lawson. Mr.. Ward de-
cared that ne had n right to speak he
cause he held a policy Of 5000 in The
Mutual Life ana 5000 Ia the Equitable.
Thomas Davis spoke in favor ~ wing
proxies to Mr. Lawson. He has certainly
done more than any other man In trying
TO set rld Of these present officers.
Dr. Franiz favored some one from Del
aware gong 60 the meetings or those in-
surnnre companies and voting for the
pohcy-ho.ders
Otho Rowland insist a upon tuto
beng taken. lie declared that ne had all
ready sent his proxy TO Mr. Lawson be-
cause he felt Il was the proper thns to
DO.
The amendment to insert the name OF
some b,liwarenn instead ~ Lawson
wis lost and the original mouth was
then carried ty vote OF a TO % A iaFsu
number Old not vote, The chair appointed
this committee;
Ds. Joscrh n. Chandler John ID. Kurtz
Dr. D. a. llllegocd, John S. Rossen and
J' Harvey Whiteman. This committee
Will receive the proxies OF these who de-
sire them turned over to Lawson 70
vote.
Mr. Whiteman stated that as a numb r
of policy holders We're opposed TO Mr.
Lawson votins their proxies he woull
move that ~ committee OF three be ap.
pointed for the purpose OF receiving proxa
les from those who desired to give them
and appoint ns someane to so 10 New
A'Ah anu NNAE iNDfN NfNN US.
Josiah Marvel said this was a good
plan as there were numerous DO. cy-
holders in the state who would desire
10 be represented by a Delaware man.
Mr.. Maclean took the same view OF the
matter The motion was carried and the
chair named n. II. Ward. r. j. Maclean
ana Charles NJ Curtis as this committee.
Il was decided to continue ths or.ani.
zation and meet at the call OF the chair.
Among those who attended the me ting
wore:
Willard salisbury. former Secretary
of State }. Harvey whlteman. former
Prothonotary Victor B. Woolley. Otbo
Nowland, president of the Equitable
Guarantee and Trust Company. John S.
Rosscll. trust officer of the Security Trust
and Safe Deposit Company. Alfred ID.
Warner William Lawton. former Attor-
ney-Gcneral IT. n. Ward, Dr. J. A. Ellie
good, Or Willard Springer. John ID
Thompson Jr. Frank wooney Charles
NJ. Curtis, Matthew ID. Murphy. John f.
Malloy, JOSIAH Marvel, former Juiqe
David r. Marvel. Thomas Il. Baya,d
John w. Lawson, Jr.. Thomas Davis.
William ID. Mullen, Jr. c. l.. Ward
Joseph II. Martin. Charles Jellineck I
Writ Willis, w. w Knowles. samuel
Durstein. William Watson. Or. A. E
ffantz' r. }. Maclean and many others
The Insurance repres, ntcd was. acc nd
ing TO a poll made as follows. Mutual
Life Of New York, 2Hg7O. New York
Life &S,So; State Mutual Of Massachu-
setts, $4,000; provident Life and Trust
S0O.5OO, Northwestern Mntn,l of ,.u