The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1905-11-17
POLICY HOLDERS IN
A new ASSOCIATION
Strong Organization Perfected
at Watertown for Pro-
lection.
MEETING WELL ATTENDED,
Resolutions Denouncins Methods o,
Large Life Insurance Companies
Adopted and Proxie. Will
Be Sent Broadcast.

Watertown, S. D., Nov 16--At a,
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. ".
Dougherty president and f. C. Kilel
secretary.
The object of this association is forI
the purpose of securing from the
pollcyholders of the several mutual life
insurance companies proxies in favor of,
Governor John A. Johnson of Minne-l
sofa, who has agreed to act as the rep,
Tesentative of the policyholders of the
northwest, and to distribute throughout
'lhe northwestern states proxy blanksi
Tor the policyholders to sign. The fol-
loWlng resolution was introduced and
unanimously adopted:
BE ii resolved That the making pub-i
lie OF recent indisputable facts of gross,
Inalfeasance in office, embezZlement Of
hundreds of thousands of dollars be-
longing to policyholders, and wilful and
malicious falsifying of records by the
presidents and subordinate officers of
the Mutual Life and New York Life In.
surance companies, as brought out by
the Legislative insurance Investigating
committee of the state of New York
mas 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 are
pollcyholders 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 policyholders thereto, appointing
Governor John A. johnson of Mime
sofa as their representative in the or
santzation convention, Governor john
son having agreed that in accepting
said proxies he will not use same to
elect any one director of the Mutual
Lie insurance company. the New York
Lie Insurance company 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 filched from these corporations,
and 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 great amount of inter-
est and enthusiasm was shown in favor
OF this plan of assisting the policyhold-
ers to obtain 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 a mass meet
ing i'm 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,
S. D.. earnestly appeals to you to or
ganize in your home town branch or
ganizations of the association, and cor.
dially invites you to send to the secre-.
tarS at Watertown, S. D.. for proxy
blanks TO be filled out and mailed to
Governor Johnson, state capitol, st.
Paul.