The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1906-06-26
FOR SAFER
INSURANCE
Policy Holders To Try To
Control Companies.
AT COMING ELECTION
Distinguished Men Urge Policy
Holders To Be Prepared To
Vote.

''For the first time in their lives the
policy holders OF the New York Life
and OF the Mutual Life Insurance com.
panes will be able to cast votes which
have not been chloroformed in adj
vance. The Wall street financiers
must now look to the ballot box for a
continuance of their control and man
lpulation OF nearly 5000, 900, 900 mil
lions of insurance assets"
This is the brief statement made by
the officers of the International Policy
holders Committee when they gave out
for publication the name7 OF the gen
tlemen who have consented to serve on
what is probably the most distinguish
ed committee ever organized.
The recently enacted New York laws
Tx defnitely the conditions governing
the elections of directors in the above
companies. Each policyholder will
have one vote, regardless OF the
amount of his policy or the number OF
policies held by him The voting will
be by ballot directly by mail. All
proxies given before October 18th are
void, but no proxy is necessary. The
polls open October 18th and will re-
main open sixty days. Ballots will be
mailed to each policyholder and may
be marked and returned by mail. I'm
der the new laws the present insurance
arrangements will nominate their can
didates for directors on July 18th. 1t
is generally understood in insurance
circles that theirs will be a stand
pat" policy; that the same men or theft
doubles will be renominated. The pol
icyholders have until September 18th
to name their tickets. Organizations
OF policyholders representing nearly
every district 10 the United States and
Canada as we'll as the larger countries
of Europe have united in naming the
International committee; a committee
which will act with the policyholders
in selecting men of recognized ability
and of unquestioned integrity to serve
as directors.
The following gentlemen have con
sented to act with the policyholders in
the selection of suitable candidates for
directors:
Gov N. b. Broward, Florida,
Gov N. G. Blanchard, Louisiana,
DR. Russell Fl. Conwell, Baptist church
Pres E. + Clark, Order Railway Con
ductors of Iowa,
Cardinal Gibbons, Rom Cath. church,
Judge George Gray, Delaware.
Gov j. Frank HanIey, Indiana,
Hon John C. Hemphill, So. Carolina,
Harlow N. Higinbotham, Illinois,
Gov j. A. johnson, Minnesota,
Hon Y. A. Lash, X. c. OF Canada,
Hon Nicholas Longworth, Ohio,
Hon Frederick b. Neideringhaus, Mis-
souri,,
Samuel Newhouse, Utah,
Fremont Older, California,
Bishop Chas C. McCabe, M. +. church
Hon Richard Olney, Massachusetts,
Gov S.W. Pennypacker, Pennsylvania
Judge Alton B. Parker, New York,
Gov Henry Roberts, Connecticut,
Col A. NJ. Shook, Tennessee,
Hon Chas Emory Smith, Pennsylvania
Gen Benz F. Tracy, New York
Thomas B. Wanamaker, Pennsylvania
Samuel Untermyer, Gen. Counsel,
New York
G. r. Scrugham, Organiza n Mgr
Seymour Eaton, Sec'y.
A meeting of the committee has beer
called to be held in the city OF New
York on July 10th at which time the
committee wiz perfect its organiza
ion and begin active work for th'
forthcoming elections for Directors oil
both Companies.
Mr. Samuel Untermyer, the genera
counsel for this committee, has beer
working for weeks to secure harmony
of action on the part OF state ant
foreign policy holders associations il
the conduct of this International cam
paign md the result of his labor i
ssen in the distinguished array of mel
chosen by the policyholders to repre-
sent them on this nominating commit
tee and in the unity OF feeling amonI
policyholders everywhere that this eff
fort of theirs has at last taken OF
such formidable shape as to commanC
universal public confidence.
In connection with the announce
ment of the personnel of the committe
Mr. Untermeyer said:
This is the completion by the poll
cyholders themselves of the movement
for reform which started with the in
vestigation by the Armstrong CON
mittee and was continued by the leg
lslature OF the state of New York whe
there was passed an insurance bill re
storing 10 policyholders in mutua
companies voice through the ballc