The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-09-21
INSURANCE MEMS
SPLIT IS AVERIED
Van Tuyl of Minneapolis Advo-
Gates Arrangement Of Fren-
zied Insurance.

Hartford, Conn.,, Sept. 21.-Harmony
prevailed at today's session of the
National Association of Life Under
writers and the threatened split oyer
the adoption of the resolution pre-
scented Tuesday by Delegate j. J.
Raleigh of St. Louis, denouncing mis-
conduct in insurance circles, was
syerted. A compromise resolution was
adopted.
The contest was started by a resolu
ton introduced by J. j. Raleigh of st.
Louis aimed at alleged Irregularities
In certain insurance circles. The issue
was raised when the executive commit
tee submitted report to the convention
declaring that the resolution should not
be considered by the convention, and
that that or any similar resolution is
unwarranted and outside the proper
province of the National Association OF
Life Underwriters. The committee re-
port was received with cheers.
Mill City Man Speaks.
When the noise had subsidized c.. w;
Van Tuyl sof Minneapolis was invited
by the president to the platform.
Mr. Van Tuyl said he represented
number of those whose views differed
from the report of the executive COM
mittee. Three questions, he thought,
= were TO be determined:
"First, whether we are to make any
public declaration on the matter in view
of the discussion now going on IN the
press9 Second, would it be profitable
to do 50? Third, what is the polite
courseq''
He asked if it was the time for such
a body to maintain silence, and, an
swering himself, said that he thought
not. ..-
''This association he said, has
nothing to cover up and conceal from
comes general that we assume an apol-
ogetic course, the result will be
heavy loss to us as insurance men. we
depend for all we get upon the .pubnc
confidence, and if we fail now it will
take years to redeem ourselves
Agents Should Take Stand.
+. "Unless some reasonable resolution
is passed by this association, along the
lines of that suggested by the dele,
gates from St. Louis, a resolution Will
be sent out to the press of the coun-
try signed with the names of men who
are in favor Of the principle embodied
in the original resolution. We will not
stand for blind loans, Cambon dinners
or midnight transfers of securities. The
wise brave and polite thing to do is
to pass the original resolution"
=. Applause followed the remarks OF
Mr.. Van Tuyl.
F. A. Kendall Of Cleveland, said he
was in favor of the report Of the ex'
ecutive committee, and added:
- "Thank God, I am not obliged tc
sign anything that will show l do not
stand for graft.
The Raleigh resolution, which pre-
$cipitated the debate, recites that the
disclosures in the methods and prac
tees in the management of some Life
insurance companies, which, II not GRIM
inal in their nature, appear to be gross
ly irregular and in violation OF the
principles of the trust involved. 1t de
mands that, if crimes have been com
mitted, the criminals shall be punished
and those who have violated their ltrus1
shall be deprived Of their trusteeshlp:
The first intimation that the crisis
Tuyl of Minneapolis, who led the op
position to the committee s report yes
terday, moved the adoption of the re
port, adding that another resolution
would be presented also. The resolu
ton referred to was then offered anc
adopted unanimously. 1t was as fol
lows:
The Resolution Adopted.
T. "Whereas, at the present time the
attention Of the public is directed tt
evils recently discovered in the bust
ness of life insurance to the extern
that the long record of faithful hand
ling of the funds of policyholders il
the American life insurance companies
is in danger Of being overlooked, now
therefore, be it
"Resolved, That the National Asso
+. citation Of Life Underwriters REGARD tn
fact that the funds Of the policy holder
in life insurance companies of Americ
during the past half century have bee
administered with a fidelity, integrit
and ability which recent events hav
but served to emphasize. and be
further
Resolved, That for thes best in
terests Of the policy-holders and tn
companies, both of which,in a specia
sense, are committed to us, the asse
citation suggests full and free publicit
% of all the operations of the life insul
ance companies, as best calculated t
minimize future opportunities for eve
and to retain the confidence of the pull
lie in the best, and what will surel
grow to be the greatest, system of o.
ganized benefcence in the world-th
@ business of life insurance.