Forest City press. (Forest City, Potter County, D.T. [S.D.]) 1883-19??, 1905-11-23
HOLDERS IN
A new ASSOCIATION
Strong Organization Perfected
at Watertown for Pro.
lection.
MEETING WE'LL ATTENDED
Resolutions Denouncing Methods OF
Large Life Insurance Companies
Adopted and Proxies Will
Be Sent Broadcast.

Watertown. s. D.. Nov. 16.-At Il
largely attended meeting of the tenn
porary organization of the Policyhold-
ers' Protective Association of the North
west a permanent organization was
perfected by the election of j. w.
DOugherty president and II. Z. kile
secretary.
The object of this association is for
the purpose 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 rep
resentative of the policyholders of the
northwest. and to distribute throughout
the northwestern states proxy blanks
for tbs p~olicyholders to sign. The fol-
lowing resolution was introduced and
unanimously adopted:
Is it resolved, That the making pub
lie of recent indisputable facts of gross
malfeasance in office. elnbeZzlement of
hundreds of thousands of dollar be-
longing to policyholders. and wilful and
malicious classifying of records by the
presidents and subordinate officers of
the Mutual Life mo New York Life In
Surance 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 1t resolved. That this body of
commercial men, many of whom are
"policyholderS 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 declare
they will do all in their power to circu-
late proxy blanks and secure signatures
OF po~licyholders thereto, appointing
Governor John a. Johnson of Mime
sofa as their representative i'm the or
gan1Zation convention, Governor John
son having agreed that in accepting
sad proxies he will not use same to
elect n one Il director of the Mutual
Life Insurance company. the New York
Lie insurance or any other
insurance company that will not first
agree to do all in his power after he is
elected to exact full restitution of all
moneys tilched from these corporations.
ana TO enforce punishment of all Off
GERS. directors or other employees who
have in any way been guilty of wrong
doing"
This resolution caused considerable
discussion, and Il great of inter
est and enthusiasm was shown in favor
OF TINS 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 cali Il 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:
TO the poiicyholders of South Da-
kota. North Dakota. Minnesota, Wis
consin and Iowa: The Policyholders'
Protective Association of the North
west. with headquarters at Watertown.
). d.. earnestly appeals to you to or
ganize in our 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 out and mailed to
Governor Johnson, state capitol, St.
Paul" "