The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-11-13
POLICY HOLDERS
FORM ASSOCIATION
STRONG ORGANIZATION rs PER-
FECTED AT WATERFOWL. j
Resolutions Denouncing Methods of
Large life Insurance - Companies
Adopted and Proxies Will Be Sent
Broadcast for Signatures in Favor of
Governor johnson.
Special to The Journal.

Watertown, S. D., Nov. 13-At largely at
tended meeting OF the temporary organization
of the Policy holders' Protective Association OF
the Northwest permanent organization was per-
fected by the election Of J. w. Dougherty prest-
dent and f. C.. Kile secretary.
The object Of this association is for the pur-
pose of securing from the policyholders of the
several mutual life insurance companies proxies
in favor Of Governor John A. johnson of Mime
sofa, who has agreed to act as the representa-
tive of the policyholders of the northwest, and
to distribute thruout the northwestern states
proxy blanks for the policyholders to sign. The
following resolution introduced and unani-
mously adopted:
| recent indisputabie facts Of gross malfeasance
In office, ernbezzlement of hundreds of thousands
Of dollars belonging to policyholders, and wilful
and malicious classifying of records by the presl-
dents and subordinate officers Of the Mutual Life
and New York Life Insurance companies, as
brought out by the legislative insurance 1nves-
| tigating committee of the state Of New York,
. has caused much speculation to the real
value Of the policies issued by these companies;
| therefore, 3, =. 3,
men, many of whom are po1icyholders in these
companies and all of whom feel it their duty
to protest against the gross violation of decency
and honesty by the trustees of these sacred
trusts, do hereby declare they will do all
in their power to circulate proxy blanks and
secure signatures of policyholders thereto, ap
| pointing Governor John A. Johnson Of Minnesota
as their representative in the reorganization con
vention, Governor johnson having agreed that II
accepting said proxies he will not use same tc
elect any one a director of the Mutual Life
| Insurance company. the New York Life Insur
ance company or any other insurance company
that will not first agree to do alt in his power
at me IS ea TO fe
to enforce punishment Of all Officers, directors
or other employees who have imp any way beer
guilty of wrongdoing. .s. ,
This resolution caused considerable discussion
and a great amount of interest and enthusiasm
was shown in favor of this plan of assisting tn
polieyholders to obtain representative who ha
pledged himself to act for their best interests.
On motion 1t was decided that as soon as tn
proxy blanks had been printed the secretar.
would call a mass meeting in this city for th
of proxy blanks. ~" ,..
!. The following appeal is sent out to policy
holders of the several mutual life insurance com
J panies: : -. -.
''To the policyholders of South Dakota, Mort
Dakota, Minnesota, Wisconsin and Iowa: Tn
Policyholders' Protective Association of tn
t orthwest, with headquarters at WATERFOWL
) S. d., earnestly appeals to you to organize /
your home town branch organizations OF tn
| association and cordially invites you to send t
the secretary at Watertown, S. D., for prox
blanks to be filed out and mailed to Governo
johnson, state capitol, st. Paul. 4
, You have the right to vote. Exercise tina
z right. The time may again be as oppol
tune. Do it now. ~
Recent developments by the New York 1egis
tlative insurance Investigating committee sho,
that the policyholders may save for themselye
the restitution Of vast sums of money that RICH
fully belong to them. You assist in depo.
ing from office present officers thes
o companies. You can do your share to elet
n to the offices men who will not use the val
v funds for stock gambling and to corrupt IL
ballot box and lawmakers of the country an
5, you can do your share toward lowering the COZ
II of your. policy to considerable extent. Go
n ernor Johnson does not solicit these proxies b,
has. consented to act as your representative
J. you so desire. In accepting these proxies Go
q | erner johnson agrees not to use them to ele
y y anyone a director of the several life insuran
u companies who will not first agree to do all
e his power after he is elected to exact full re
- titution for all funds misappropriated. J. '
- Dougherty. president: F. @. Kile secretary,