Every evening, Wilmington daily commercial., 1906-06-25

Special Correspondence Of Every Evening
New York, June % The following
prominent mon have consented TO act
with the international Policyholders
Committee In the selection of suitable /
candidates for directors of the New |
York Life and Mutual Life Insurance |
Companies TO be voted for 10y the |
policy holders;
Judge George Gray Of Delaware.
Governor n. b. Broward of Florida. |
Governor NC. Blanchard of Louisi-
ana.
Dr. Russell II. Conwell Of the Bap-
tist Church.
President E. n. Clark Of Order Of
Railway Conductors Of Iowa.
Cardinal Gibbons OF tho Roman
Catholic Church.
Governor j.. Frank Hanly Of Indiana
Hon. John O. hemphill of South
Carolina.
Harlow n. Higinbotham Of Illinois.
Governor j. A. johnson of Mime
sutn.
Hon. q. A. Lash, X. c., Of Canada.
Hon. Nicholas Longworth of Ohio.
Hon. Frederick b. Neideringhaus Of
/ Missouri.
Samuel Newhouse Of Utah.
Fremont Older of California.
Hon. Richard Olney of Massachu.
sets.
| Pennsylvania.
Judge Alton b. Parker Of New York
Governor Henry Roberts of Conneo-
tiout
Col. A. NJ. Shook Of Tennessee.
Hon. Charles Emory Smith of Penn
General Benz. f. Tracy Of New York.
Thomas b. Wunamaker of Penneyl-
,ania
Herr. Heinrich Wiegand of Germany,
| nominated by German Committee, and
representative of English and French
| Committees who are in course of selec-
tion and will be announced later.
| Samuel Untermyer of New York; Is
I general counsel Seymour Eaton, Sec
retary and G.. r. Scrugham, organiza-
tion manager.
For the first time in their lives the
| policy holders of the New York Lille
and of the Mutual Life Insurance Com
panies will be able to cast votes which
have not been chloroformed in ad-
vance. The Wall Street tinanoiers
must now look to the ballot box for a
continuance of their control and ma
nipulation of nearly $500, OOO, 600 OF
insurance assets.
This is the brief statement made by
the officers of the international Pol
icyholders Committee when they gave
out for publication the names of the
gentlemen who have consented TO serve
on what is probably the most distin-
puished committee ever organized.
The recently enacted New York laws
J fix definitely the conditions governing
the elections of directors In the above
companies. Each policy holder viii
have one vote, regardless OF the amount
J Of his policy OF the number OF policies
held by him. The voting will be 10y
ballot directly 10y mail. All proxies
! given before October 18th are VOID
, but no proxy is necessary. The poll
open October 18th and Will RENAL
omen sixty days. Ballots will be mailei
to each policy holoer ana may n'
marked and returned by mail. Jnde
Z the new laws the present insurance
managements will nominate their can
] didates for directors on July loth
! The policy holders have until Septem
q ber 18TH TO name their tickets. Or
carnations of policy holders repre-
sentinp nearly every district in th
United States and Canada as we'll "a
the alarner countries of Europe hav
united in naming the internationa
Z committee; a committee which vii
., act with the policy holders in select
ing men of recognized ability and q
unquestioned integrity to serve
directors.
A meeting Of the committee has bee
Is called to be held in the city OF Me-
D.. York on July 10th, at which time %
n committee will perfect its organiza
n tion and begin active work for IA
II forthcoming elections for directors
IS both companies.
" Samuel Untermyer, the general coun
It sci for the committee, has been worh
y ing for weeks TO secure harmony
a action on the part OF State ana torelg
"a policyholders associations IN the COZ
Ip duct of this international campaig
le and the result of his labor is seen
l. the distinguished array Of men chose
by the policy holders to represent the
l. on this nominating committee and
ar the unity of feeling among polle
d, holders everywhere that this effort
i theirs has at last taken on such 10
q midable shape as TO command uniYe
be- sal public confidence.
,d In connection with the announc
re ment of the personnel Of the comml
nd tee. Mr.. Untermycr said:
of ssThis is the completion 10y q
ar poiicy holders themselves of the NOV
nd ment for reform which started va
rs me Investigation by the Armstro
e. Committee and was continued 10y 1
re Legislature of the State of New lo
he when there was passed an insuran
ia bill restoring to policy holders in m
rs tual companies a voice through I
or ballot box m the control OF their OF
savings.