Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1906-07-06
INSURANCE
ELECTION
BIG LIFE COMPANIES MUST RECk'
ON WITH FORMIDABLE Or
cANIZATION.

ave-" AOAhs July o. TUT luS HAoI
time in their lives the policyholders
Of the New York Life and of the Mu.
tual Life Insurance companies will be
able to cast votes which have not been
chloroformed in advance. The Wall
street financiers must now look to the
ballot box for a continuance of their
control and manipulation of nearly
$500, OO0, 900 of insurance assets"
This is the brief statement made
by the officers Of the International
Policyholders committee when they
gave out for publication the names of
the gentlemen who have consented
to serve on what is probably the most
distinguished committee ever organic.
ed.
The recently enacted New York laws
fix definitely the conditions governing
the elections of directors in the above
companies. Each policyholder will
have n 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 prox-
les given before October 18th are void,
but no proxy is necessary. The polls
open October 18th and will remain op-
ed to each policyholder and may be
marked and returned by mail. Under
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
their doubles will be renominated. The
policyholders have until September
18th to name their tickets. Organic
atoms of policyholders representing
nearly every district in the United
States and Canada as we'll as the larg-
er countries of Europe have united in
naming the international committee: a
committee which will act with the pol
icyholders in selecting men of recog.
nized ability and of ~unquestioned in.
tegrity to serve as directors.
To Select Candidates.
The following gentlemen have con
scented to act with the policyholders
in the selection of suitable candidates
for directors:
Governor N. B. Broward, of Florida
Governor N. c. Blanchard, of Louis.
: lana; DR.. Russell H. Conwell. of the
Baptist church; President E. E. Clark
= of Order of Railway Conductors, Of
, Iowa; Cardinal Gibbons, of the Roman
:. Catholic church; Judge George Gray
5 of Delaware; Governor J. Frank Han
Iy, of Indiana; Hon. John c. Hemphill
: of South Carolina: Harlow N. Higin
!. botham, Of Illinois: Governor j. A
Johnson, of Minnesota; Hon. u. A
!, Lash, X. C. of Canada; Hon. Nicholas
, Longworth, of Ohio; Hon. Frederick
, B. Neideringhaus, of Missouri; Samue
: Newhouse, of Utah; Fremont Older
:. of California;; Bishop Charles C. Nc
:. Cabe, of the NJ. f. Church; Hon. Rich
ard Olney, of Massachusetts,; Govern
| or S. w. Pennypacker, of Pennsylvan
T ia; Judge Alton B. Parker, of New
: York; Governor Henry Roberts, o
Connecticut, Col. A. M. Shook, of Ten
r nesssee; Hon. Charles Emory Smith
+ of Pennsylvania; General Benz. F
Tracy, of New York; Thomas B. Wa
f amaker, of Pennsylvania; Herr Her
! rich Wiegand, of Germany, nominate
i. by German committee, and represents
tive of English and French committee
who are in course of selection an
will be announced later; Samuel VI
termyer. general consul, New York
Seymour Eaton, secretary; G. r. Scr'
CHAM, organization manager.
6 A meeting of the committee ha
been called to be held in the City
e New York on July 10th at whic
n time the committee will perfect i,
organization and begin active wor
% for the forthcoming elections for d
ID rectors of both companies.
o Mr.. Samuel Untermyer, the sener;
k counsel for this committee, has bee
rs working for weeks to secure harmon
of action On the part of the state an
a. foreign policyholders associations
~ the conduct of this international cal
r. ppaign and the result of his labor
seen in the distinguished array of me
lie chosen by the policyholders to repr
sent them on this nominating commi
id tee and in the unity of feeling amor
er policyholders everywhere that this {
re fort of theirs has at last taken {
VS. such formidable shape as to commar
,e universal public confidence.
In connection with the announc
ment of the personnel of the commit
tee. Mr.. Untermyer said:
' Mr.. Untermyer's Statement.
This is the completion by the pc
icyholders themselves of the NOV
ment for reform which started vii
- the investigation by the Armstror
II committee and was continued by II
l., legislature of the state of New Yor
when there was passed an insurant
bill restoring to policyholders in m
tual companies a voice through Il