The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-03-16

Insurance Company was selected by Mr..
Mccall, and every director Of the Mutual
board by MIR. McCurdy. and that neither
their associate directors nor the policyholders
were ever consulted on the subject.
OTHER CHANGES ASKED.
Our second suggestion affects section o.
of the main bill. entitled An Act to Amend
the Insurance Law Generally, relating to the
manner of conducting the election and refers
to the provision Of the bill requiring policy
holders TO file a list of their candidates for
directors within one month after the admin
~istration ticket" OF the management In ofhc o
shah have been filed.
This provision limits the voting for directors
to the candidates thus nominated by the policy
holders. 1t would allow the policyholders
from all over the world only thirty days
In which to get together for the purpose OF
cooperation and would limit the use Of proxies
to such candidates as had been already nomi-
mated.
In a movement OF this magnitude It will
inevitably be necessary for different bodies
OF policyh olders TO get together and by CO.
operation make up a ticket allowing repre-
sentation to various sections. Why should
not the policyholders be able to put proxies
in the hands OF people named by them with
power to select candidates at any time before
the election. as agains st the administration
ticket?
We ask therefore that the pr revision requir-
ing the policyholders to nominate their can
didates be stricken from section 0s.
Our third suggestion is for a provision that
when ever polioyholders represented in per-
son or by proxy shall file with the officers OF
the company not less than ten days before an
election a request TO be allowed In Inspectors
of election the inspectors named by them
shall be appointed to a number equal TO the
inspectors named by the Management
Our fourth suggestion Is that the ballots
be returned 10 the Superintendent Of lnsur-
ance instead OF to the officers Of the corpora
ton, that they be turned over by the superin-
tendent to the inspectors on the day of the
election and that the ballots as voted be
preserved by the Superintendent Of Insurance
so that they may be used az the basis of re-
view in the event of an election being con-
tested.
Our NTH suggestion Ia that a majority OF
the persons named as proxies may vote the
proxies for a given ticket as against the
minority.
The Evening Session.
At the evening session President s. C.
Durham Of the Travellers of Hartford said,
that he did not believe that out OF the State
companies should be subjected to the pro-
visions touching bond Investments and
standard forms of policies.
Robert Huntington, president Of the
Connecucut MUTUAL ma DAVID If. wells,
its actuary, discussed the bills from 3he
standpoint OF the foreign company. To-
morrow the committee will meet again
at IL o'clock. Mr.. Woodruff, who is direct
ing the speakers who desire changes in the
bills, expects that his side will be through
about 1 o'clock tomorrow afternoon.
After the public hearing was closed to-
night the Armstrong committee met in
executive session to lay out the work Of the
committee preparatory TO- kin up the
After the meeting Senator Armstrong
said the hearing on the insurance bills
would be closed tomorrow afternoon.
The committee tonight decided to appoint
a subcommittee to go over the testimony
with Mr.. Hughes, This subcommittee will
meet in New York on Monday or Tuesday
and expects to be able to report, to the full
committee by the end of next week 80 that
the insurance bills can be reported back
to the Legislature in final form the week after
next,