The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-04-07
CALM FOLLOWS THE
INSURANCE TEMPEST
Continued From First Page

successors to such directors shall be elect
ed on the first Wednesday in December.
1906. At such elections the successors to
the class of 1905 shall be elected to hold
office for three years. the successors to the
class of 1906 to hold office for four years,
the successors to the class of 1907 to hold
office for four years and the successors to
the class of 1908 to hold office for five
years; thus producing four classes of d.
rectors, of thirteen each. whose terms of
office viii expire. respectively. in 1908,
of said classes. six of the vacancies shall
be filled by plurality vote of the stock
holders and seven of the vacancies shall
be filed by a plurality vote of the policy
holders"
To Consider Suggestions
A resolution was unanimously adopted
that committee of three, consisting of
Messrs. Depew. Belmont and Krech, be
appointed committee of the board to con-
suit with the superintendent of insurance
after the amended charter shall have been
approved by him. and with the policy
holders committee. of which John d.
this board at an adjourned meeting
thereof upon the following subjects:
The suggestions that the two existing
vacancies in the board Of directors shall
be filled by persons whose names shall be
proposed by the policy holders committee;
that the two directors thus elected on
the nomination Of the policy holders COM
mittee shall be made members of the ex-
ecutive committee of this board; that all
vacancies occurring in the board before
the election Of 1906 shall be filed by this
board with nominees of the two directors
so proposed to be elected on the nominal
ton of the policy holders committee this
provision. however, not to apply to va
cancies in the list OF directors elected I'm
1905; that two more members of the exec
utiVe committee shall be appointed on the
nomination OF Cornelius n. Bliss the COM
mittee including the four members thus
provided for to remain at its present num-
Der Of twelve. and that four vacancies be
created in the executive committee. by
resignation. or by the board. on the desIg-
nation of the superintendent OF insur-
ance, in order to make way for the pro-
posed new members.
Committee VIII Investigate
Resolved, that committee of seven.
consisting of Messrs. Bliss. Mills, Prick.
Hartman. Ives, Hill and Ingalls, be an
pointed, charged with the duty of thor
oughly investigating and reporting uDon
the present management of the society
And the president was requested to call
further meeting of the board upon the
request Of either of these committees
Speeches were made by James J. Hill.
Melville e. Ingalls,. John A. Stewart.
Dewitt Cuyler and others. insisting upon
a cessation OF the entire controversy and
of the use of the press. which is so in
furious to the company; that while i'm the
charges and the counter charges there
was no question as to the solvency of the
company, or its large surplus above all
lne SOuDQneSS OF Its invest
ments. the controversy was creating
widespread distrust and doing great in
jury TO all life insurance companies and
that the committee of the board should
and would so probe and as a result OF
their investigation so recommend as to
justify confidence in the company and its
management.
The following thirty-eight directors
were present. there being fifty directors
I'm all: c. b. Alexander. ]. W. Alexander.
II. NJ Alexander. William Alexander. ].
]. Aston August Belmont, C. l. Blair.
c. N. Bliss, A. ]. Cassatt, o. T. Dewitt
Cuyler. NJ. c. Deming. c. M. Depew, M.
II. Dodge, T. 7. Eckert, Louis Fitzger-
aid II. c. Prick, George ]. Gould, u.
H. Hartman, ]. J. Hill, ]. II. Hyde. M.
E. Ingalls,, Brayton Ives. B. Johnson. n.
d. Jordan, A. W. Krech. J. T. Low. ].
j. McCook, w. II. Mcintyre, ]. F. De
Navarro, J. II. Schiff. G. H SQUIRE. ].
A. Stewart, G. f. Tarbell, A. G. Van
derbilt. G. 7. Wilson, II. r. Winthrop.
c. S. Smith, Valentine p. Snyder.
In the formation of the committee to
consult with the state superintendent
OF insurance. Cornelius N Bliss was
added late tonight TO Messrs. Depew.
Belmont and Krech. 1t was said that
this was done at the suggestion of c.
B. Alexander.