The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-06-25
POLICYHOLDERS ORGANIZED.
mn hVOHN VEN ~ SfR'E ~
nIfHVtTUON w. IOWWIfttE
", De,r tnas. M ,He ils' fifd Wsr,na
10 ~ lIeid IuiJ 10-thirt ehirrt,
tn,rrm,rt ssts Il ~ O,is' ihr NrW
,rrh tWr amt uuIr,t ttpNNe rWrHts

ihr mt,rup n the International rpiioy
%l..Iots committee With tho escrpi On ~
.rr toglsh and French Representatives.,
ou. ]tuhpurc~d Yesterday This 10 The com.
m ',oc which will supputl The ~ raiRn
T.. 90 waand from now until December ~
,-' 'hc ptosrn' ~maunrrmruls II the Ma.
iun. AVID New York tifr Insurance. com-
tHrtr. Tho committee viii act with the
r.urvholdcr- IN tho aalrci Iou NJ candidates
fen 'No pn%licyhuldar-' ticAsta Here ARE
the membrrs
600, RrowArI II Florida
Go, sc blanchard NJ Ipui-nui
Tie Re-, Dr ~ltiasoll II Cpuwrll. founder
O 'n' Rllfi-t Ionple ~ Philadelphia aud a
l,iG. : olervrmw ~ that denomination
/ llTk II Iowa. president ~ tho Order
.ii IvaN ]oniu.OuS
cardinal phbors. head of tho Roman
tl'noIu Church IN this country
Judge GrorEc GRAY Of Delaware. a member
~ 'n" isls Paris Peace Commission aud chair
nan of the Authraritn Coat Commission In
1870?
Guv J Frank Manly Of Indiana.
1onn { IIomphill. editor Of the Charleston.
S Z. Vows and Cp"rior.
HARLOW Y Hlrinhotham. ex president Of
H." Wards columbian Exposition and a
par nor 81 n" late Marshall Field of Chicago
Gov ! \ Johnson OF Minnesota.
The Hon. Il. A. Lash. Kings Counsel in the
Dominion of Canada.
Nicholas ~IonEworth. Representative in
Congress- from Ohio.
Frederick r.. Nirdrtu ghaus. an iron manu-
fH,lurrr Of 81 Louis.
Samual Ecwhouse. n mine owner Of Utah.
Fremont Older. editor Of the San Francisco
,H,hn.
Kiclard Olney OF Massachusetts. ev-Secre-
tary of State.
Gov. y. W. Pennypacker OF Pennsylvania.
Judge Alton b. Parker OF New York.
Gov. Henry Roberts of Connecticut.
Col A NJ. Shook. a capitalist Of Nashville,
Tenn.
Charles Emory smith of Philadelphia.
Postmaster-Ge neral In President Mciinley's
FIRST administration
Gen. Benjamin +. Tracy OF New York,
Thomas B. Wanamaker Of Philadelphia.
Heinrich Wiegand, head Of the North Ger
man Lloyd ompan designated by the
pollcyholders' in Germany as its
representative In the international organiza-
tion.
The representatives Of the English and
French policyholders will be named in a
few days. 1t is understood that the French
Government itself will designate two per-
SON to represent the French policyholders'
interests on the committee. Samuel Inter
myer, who has been working for weeks
to secure harmony Of action on the part of
State and foreign ~policyholders' associa-
ions In the conduct of the international
campaign and who has been largely in
etrumental in the organization Of the present
committee, will serve as general counsel to
the COMMITTEES. Seymour Eaton has been
--l n D S,r,vkat, 80
ganization manager.
The committee has taken offices at 80
Broad street. A meeting " the committee
has been called for July 10 in this city,
when its organization will be perfected
and the active work OF naming the policy
holders candidates taken up,
Accompanying the announcement OF
the members of the COMMITTEES Mr.. Inter
myer made this statement:
This is the completion by the policy
holders themselves Of the movement for
reform which started with the investiga-
ton by the Armstrong committee and was
continued by the Legislature Of the State
Of New York when there was passed an
insurance bill restoring to ~policyholders
in mutual companies a voice through the
ballot box in the control OF their own saw
ines.
1T ia surprising how little the policy
holders know about what is happening to
their interests. The old arrangements are
exhausting every effort to intrench them
selves in office. They are relying upon
the vast agency organizations of these two
companies to use their agents to perpetuate
the existing regimes, and policyholders are
cautioned against permitting the agency
Fprnao ~ tho M MOS m ha ncaI In "a n
wasting for votes for the present discredited
mana gements. The agents are in the
policyholders' pay and should not be work.
ing against their interest.
The ~policyholders should understand
that elections are shortly to be held in both
these companies, at which the policy
holders will at last have an opportunity
Of electing boards Of directors Of their own
choosing. The policyholders will have IN
opportunity to vote directly by mail by
marking ballots as in ordinary elections.
They are cautioned against giving proxies,
whether solicited by the agents Of the com-
panies or by individual policy holders.
1T must be apparent to every one that
until a complete change has been made in
the management of each Of these COM
panies it cannot expect to have the conf
dence OF the public or Of the policyholders.
1t must be equally apparent that the wrongs
and abuses perpetrated upon the policy
holder cannot be discovered nor restitution
obtained until new arrangements I'M
connected with these abuses are put in con-
troll, and this is the policyholders' oppor-
tunity now and forever to separate these
great sacred trust funds from the domino
ton OF Wall Street"
Those who were active in the work Of
organizing the committee received many
encouraging letters. Cardinal Glib ons
wrote in accepting a place on the committee;
l beg 90 acknowledge the invitation to
act as a member Of the International policy
holders committee. / accept the invitation
with a deep sense OF grave responsibility
which tho office entails.
Charles Emory Smith wrote:
The clear and forcible letter Of Mr.. Inter
myer shows the value OF the work which the
committee can do and raises II to the duty Of
a public service.
Senator Robert NJ. La Toilette wrote:
You are performing a great public ser vice.
j am deeply interested In the success Of the