New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-12-22
CALLS M4NY-NONE COME.
Efforts of "the Rantankerous One
End I'm Failure.


.~rhe ADVANTAGEOUS one" W. S. Manning. intend
ed to form a policyholders' association last night
to go after the officers of the three big Insurance.
companies but no policyholders turned up Mr..
Manning had announced his meeting for p m In
the Fifth Avenue Hotel. and he was promptly on
hand, but when he was asked by one OF the CLERKS
If he intended to hold q meeting ne repned'
Yea doggone II, but there amt any pohcynolo-
ers here Well IL the burned fools haven't got
sense enough to protect their own interests. let
them suffer 1 won't have anything more to do
with it,
Mr. Manning was quite anxious to explain his
plans, and when he could shake on Watcndog
supplied by his relatives he talked freely to the
reporters The old has been sick Tor
the last few days and when he started out yester-
day his nephew supplied a guardian. VINO mace a
vain attempt to keep strangers away. Mr. Man
ming said that Mr.. Hughes. the inquisitor, had
made him promise not to give away any more LIE
insurance secrets but, as he had intended 10 tell
all about it to the meeting which he expected 10
find waiting for him. he did not think 1t would De
violating Mr.. Hughess confidence 10 ten doouI H.
anyway
THE object Of this meeting" he raid, was TO
effect a regular legally Incorporated, organized
body of poIicyholders to recover The moneys mis-
appropriated by the officers of the insurance com
panies, who used the assets OF the companies TOT
speculative purposes and put the money into their
own pockets instead of turning it into the treas
uries of the companies.
The name of the company, he sa1d. was 10 De
1.-THE PoIicyholders' Protective UnFon-' He IN
tended TO make It national in extent and not con-
fine it to this State. His idea was TO collect ffty
cents apiece from each Of the ten million 1nsur-
ance policyhoIders In this country, anG Use TINS
money for the nucleus of fund 10 be raised to
carry on the work Of the organization and pros
ecrte the officers of the insurance companies. He
mentioned a recently resigned president OF one
of the big companies from whom, he sai1' sZo,coo-
900 could be recovered.
30 ho5 al N
ex-senator Thurston. Of Nebraska, for counsel for
the organization. Mr.. Thurston, he said. stayed
over in New-York last Sunday to talk over the
matter and had declared that in his opinion, mill
ions of dollars could be recovered as Mr.. Manning
had suggested Mr.. Thurston said. according to
Mr. Manning, that he would be glad to undertake
the work.
About this time a who said that he was
Henry c. Schwal, commission merchant came
in and said that he owned two policies In the
Mutual and one in the Equitable, and he was
looking for chance to join a policyholders' Or
ganization and get some money from somebody.
Mr. Schwal finally agreed to have ten or dozen
poicyholders in the Fifth Avenue on January 2
next to form Mr.. Manning's organization. Forbes
IiddelI also said that he would be present and
the meeting of two policyholders and five reporters
broke up with the understanding that they would
get together again the day after New Years
The Armstrong committee finished up with Su-
perindent Hendricks yesterday, and he is going
back to Syracuse this morning. But the State
Departent Of Insurance will be under examination
again to-day. Isaac ". Vanderpoe=. upon whom,
according to Mr.. Hendricks, has devolved most Of
the work of examinations by the department, will
be the chief witness. and Henry D. Appleton will
also be called
Next Wednesday John c. Mccall will present the
Judge" Hamilton report, and after that the Man
haitian and United States Life will be examined
and reports will be received from various out Of
the State companies. What time remains will be
given to fraternal and assessment concerns.
According TO the Mutual Life Insurance Company
II is receiving hundreds of letters daily inclosins
proxies to be voted the annual election
of the companies. There many letters to
President-eect Peabody. saying that the writer's
had hastily given their proxies TO Mr.. Lawson In
the first flush Of their insurance anger, but that
they would like to recall them and be ad-
vised as 20 whom II would be well to send them.
So far these letters being answered with
thanks and the explanation that consideration
has yet been given to this question by the trus-
tees but that full instructions will be to
all poIicyholders later. II is intended in about
a month from take this matter UP and
prepare the machinery for the annual election
The annual election does not take place until
June hut the Mutual will take time by the fore
lock in preparing for it.
Meanwhile similar letters being received at
the Offices of the New-York Life, but not in such
numbers as are coming to the Mutual CD
ern trip. but did not appear at the offices of the
Mutual He is busy getting his affairs into shape
s t4 q the 9S year While he has mae ny author
eraIy understood at the ofices Of the company
that Mr. Peabody viii give up all outside business
and devote his entire time 10 the affairs of the
Thomas H; Boy!ss, who a few years ago or,
customers OF the Mutual. which subsequently
Mr. Bowes disappeared from the pubc i notice.
is busy with another association Of the Same sort.
behind closed doors at the Leonori, eSd-st and
Madison-aye. Yesterday afternoon Mr.. Bowles