Every evening, Wilmington daily commercial., 1906-05-16

A meeting of policy holders in the
Mutual Life and New York Life In
surance companies is TO be held at
O'Clock tonight in the Board of Trade
rooms, in the Equitable Building, a
call having been issued by the com
mittee appointed by the local policy
holders last October.
The call, which was promulgated
today, says; Important developments
in the life insurance situation make
it advisable for policy holders to take
quick and decisive action.
The object of the meeting is TO
select some local person ia wnom all
of the policy holders have confidence,
to represent them in the international
Policy Holders Association, which Is
to make nominations for the annual
elections of the two companies, on
November 18th, when new directors
are TO be chosen.
IL is proposed to discuss the
situation, and those who are informed
will give such information as they
have, after which the meeting will
decide what action TO do. The com
mittee issuing the call is as follows DIR.
Joseph III. Chandler, chairman; Her
bert II. Ward, j. Harvey Whiteman,
DR.. j. A. EllegOod, Charles NJ.
Curtis, John $. Rossell and John ID.
Kurtz, Mr.. kurtz being tho secretary.
When Mr.. kurtz. was seen IN regard
/ TO the matter this morning he said
that both committees appointed at the
/ meetings last year We're in accord ia
| this movement and he knew of no
reason why any Interested parties
should oppose the plan suggested
When the matter was first agitated
large number Of policy holders ex-
/ pressed a willingness TO send their
/ proxies TO Thomas w. Lawson Of Bos-
ton, Mass, who had asked for them,
and many proxies were sent to him,
but there were some who preferred to
place their trust in a local man and a
committee was appointed TO carry out
this idea Both OF these plans were
thwarted by the New York Legisla-
ture, which recently enacted a law
nullifying all proxies made prior to
the 10Th of next September, and, CON
sequently, all proxies which have
been placed in the hands of the local
committee or sent to Mr.. Lawson are
void, and any policy holders who desire
TO vote by proxy will have TO execute
new proxies after the 10Th OF Septem-
Der.
/ AhAAA AAAo ANM governing Nht tAtt-
tion of directors Of the insurance COM
panies referred 20 above, from what
can be learned, proxies will be un-
necessary, as the policy holders will
have an opportunity TO vote direct for
people who will virtually be of their
own choice. One or more tickets will
be placed in nomination prior to the
election and the tickets will bc sent "a
the policy holders, who can vote 10y
mail, If they so desire, or they can
vote in person or by proxy, as they
elect. The indications are that there
will be at least two tickets, one OF
which, in all probability, will be whai
is known as an administration ticket
that is, it will be nominated by peopl,
in accord with the present manage
/ ment of the companies, while anothe
/ will be nominated by those who arr
! desirous of making a change in thl
directorate.
1t is this latter object that is aime,
at by the International Policy Holden
Association, the plans Of which vii
be discussed at tonight's meeting
The association is composed of repre-
sentatives of policy holders all owe
the world, the selections being mad
in the same manner as is proposed b.
the local committee.
Tho committee has canvassed tn
situation here and it is likely that on
OF more names will be proposed. It j
the intention TO ask some prominen
resident Of Delaware to represent th
local policy holders in the association
which will give him n voice in tn
selection of ticket to be voted for
but whether he will be instructed a
II TO the personnel of that ticket is NO
known.
5, John Leibfredd Of New York, mem
Der Of the international association
e was here today in conference with th
committee, following meeting whic
was held by the committee last night
at which it was decided to call for
7. general meeting tonight. 1t is ca
Ii pected that Mr.. Liebfredd will atten
tonight's meeting and explain Oh
z object and purpose of the internationt
association.