Kingsbury County independent. (DeSmet, Kingsbury County, S.D.) 1894-1929, 1905-11-24
POLICY HOLDERS IN
A new ASSOCIATION
Strong Organization Perfected
at Watertown for Pro-
lection.
MEETING WELL ATTENDED
Resolutions. Denouncing Methods oh
Large Life Insurance Companies
Adopted and Proxies Will
Be Sent Broadcast.

W~atertown, S. D., Nov. 16.-At az,
largely attended meeting of the tenn
porary organization of the P%olicyhold-l
ers' Protective Association of the North
west a permanent organization wasI
perfected by the election of j. W.
Dougherty president and F. e. Kile,
secretary.
The object of this association is fori
the purpose Of securing from thel
p~olicyholders of the several mutual life1
insurance companies proxies in favor oil
Governor John A. Johnson of Minne-I
sofa, who has agreed to act as the repI
resentatlve of the policyholders of thei
northwest, and to distribute throughout
the northwestern states proxy blanksi
for the policyholders to sign. The fol-
lowing resolution was introduced and
unanimously adopted:
BE it resolved, That the making pub,
lie of recent i~ndisputable facts of grossl
m~alfeasance in office, embezzlement of
hundreds of thousands of dollars be-
longing to po~licyholders, and wilful and
malicious classifying of records by the
presidents n subordinate officers of
the Mutual Life and New York Life In.
"a companies, as brought out by
the legislative insurance inVestigating
committee of the state of New York
has caused much speculation as to the
real value of the policies issued by
these companies; therefore,
BE it resolved. That this body of
commercial men, many of whom arei
p~olicyholderS in these companies and
all of whom feel it their duty to pro-
test against the gross violation Of de-
cency and honesty by the trustees of
these sacred trusts, do hereby declaret
they will do all in their power to circu-.
late proxy blanks and secure signatures
or p~olicyholderS thereto, appointing
Governor John A. Johnson of Minne-t
sofa as their representative I'm the Or
~gantzation convention, Governor john
son having agreed that in accepting
said proxies lie will not use same to-
elect any one a director of the Mutual
Life Insurance company, the New York
Life Insurance company or any other
insurance company that will not first
agree to do all in his power after he Isl
elected to exact full restitution Of all.
moneys filched from these corporations,
and to enforce punishment of all Off,
GERS, directors or other employees whot
have in any way been guilty Of wrong.
doing" I
This resolution caused considerable
discussion, and a great amount of inter.
est and enthusiasm was shown in favor
of this plan of assisting the poliCyhold-.
ers to obtain a representative who has,
pledged himself to act for their best in
tereStS. :
On motion it was decided that as soon,
as the proxy blanks had been printed
the secretary would call q mass meet,
ing in this city for the purpose of fur
ther aiding in the distribution of proxy
blanks.
The following appeal is sent out to,
policyholders of the several mutual life
insurance companies: .
ITO the policyholders of South Da-
kota, North Dakota, Minnesota, Wis
consin and Iowa: The P~olicyholders1
Protective Association of the North
west, with headquarters at WATERFOWL,
5. D., earnestly appeals to you to or
ganize in your home town branch or
CARNATIONS of the association. and cor
daily invites you to SEND TO the secre-
tary at WATERFOWL, s.. D.. for proxy
blanks TO be filled and mailed to
Governor Johnson, state capitol, St.
Paul"