The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1906-09-28

lat was TIE view me 42es
senator Matt Ransom took Of l.. an D.
oid not mince words in saying So. I
remember his saying thre. yea-s az
mat the United States will &c: the IS
lana eventually and that be did not
oeiieTe II would cover Itself nve
years He said il would make the
r1chest territory q an sat IN t1c
union and that the United States would
assimilate /: easily.
Today work vas begun a. re
plant OF the Carolina Pressed Brick
company, on Crabrree Greek 1o-ta a.
This city. Thomas T Hay. a "a
known insurance man Is pr-siden- Q:
the COMPANY which has iayestet 49,
900 IN the plant
During the winter the band coa1exts
which have proved So popular here IL
the summer are u Be continued L til
city hall. and there wIu e i nomica,
charge for admission.
IL Is expected next wee L meeting
will be held here TO take the preliui-
nary steps regarding the formation n
a life insurance COMPANY. : number #
prominent men having >i-njGed tae.-
interest in this moyeme
The Capita club. : : interior %
which was damaged / the fire last
January, mainly by sm( ,, is being n
tirely redeoorated and on exten
re-titted. The decorations will cos-
s. 600 more than the ones which wee
there before. Everything Rill be fin
lshed by fair week.
Special arranGements are being made
for the care of visitors during he : at
fair next month. There will be a
bureau OF Information a. he union
passenger station. and he city will De
thoroughly ~canvassed in order 10 find
room and board for people who COM
here.
Plans are now in hand for erection
Of a roOming-hOuSe here and work has
begun upon IN apartment house. The
latter on the site # the old Carrol-oa
Hotel, on Fayetteville street.
Insurance Commissioner Yong has
issSed "A statement To the policy hold
ers in North Carolina q tha New York
Life and the Mutual Life al NV York
insurance companies. In This he re-
ferred to a meeting of the policy hold
| ers which he called and which met a
his office September 18th. formed the
North Carolina Policy Holders Protec-
tive Association and elected j. Van
Lindley of Greensboro. president, and
William II. Pace of Raleigh. secretary.
To this meeting the commissioner laid
that in view Of the change in the New
York law regarding the election Of
directors in Mutual companies. both
privileges and responsibility QeVOlVed
| uEOn them. He added thac there were
in North Carolina in -hese W COM
panies, 13,l2S policy holders, with $2G,-
278,611 of insurance in force at t. G md
of 1905. that while the policies Wcr
entirely safe yet it was impOr an for
the future conduct of the companies
that the policy holders should meet the
responsibility which was laid upon
them by the law giving them a vote in
the election Of directors. AS q result
of the meeting it was ordered that the
chairman appoint a committee for each
company to look into its affairs, and re-
port here October 10th. Governor Glenn
beng the chairman Of the Mutual Life
committee, and Thomas B. Womack Of
the New York Life committee, these
committees to cooperate in securing
whatever information car be had and
in making their recommendation to
the policy-hOlders October 10th. The
meeting requested the Commissioner to
make a statement of what it a done
to the other citizens who are policy
holders, and to ask the latter not to
pledge their properties to any one until
after the October meeting. No proxy
can be voted which is given before Oc-
tOber 18th, and they have from OctO-
Der 18th until December 18th to give
their proxy to a vote. 1t was the sense
Of the meeting hat policy holders in
this state should vote their property as
a unit in such a manner as the meeting
October 10th decides. Commissioner
Young says: NO one can fail to OBJ
serve the differences in management
of the various insurance companies in
New York and the change in their
bearing towards their policy holders
and the public. The change in the
personnel Of the management has com
as an Improvement and the reform Of
some of the abuses which have CTept
into the business. Much thought has
been given to the selection of tickets
for directors and it looks as if all the
tickets will in the main me composed
Of good men. so that policy holders
will be mainly interested in the inter-
ests behind the different tickets and
the policy which will control the differ
ent boards after their election in car
ing for the interests of policy holders.
especially old ones. The new law
largely safeguards the interest Of
policy holders who join the companies
hereafter. The work Of your commit
tee will doubtless be largely along
these lines and the ability and integrity
of its members is a guarantee that their
work will be we'll done and their re-
communication worthy of the accept
ance of the North Carolina policy hold
ers. There should be no let-up in the
determination of all % keep up the
work until all mutual life insurance
companies are conducted in the inter
ests of their policy holders and are
made free from graft aud other abuses.
The commissioner is gratified at the
success Of the meeting Of policy hold