The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-07-25
Member of international Policy
holders Committee Blames
Board of Trustees.
DECLARES REMEDIES HAVE
ONLY GONE HALF WAY
SAYS That Interests of Men Who
Pay Premiums Have Been
Openly Disregarded.

NEW YORK, July 24.-Col. A, n. Shook
of Nashville, Tenn, a member Of the in
ternational pollcy-holders' committee,
who was placed on the American ticket
for trustee of the Mutual Life Insurance
company without his permission, was In
this city today and conferred with the
counsel for the policy holders commit
tee about the placing of his name on that
ticket. Afterward Col. Shook said. con-
cernlng the Mutual Life Insurance COM
pany:
THE revelations during the last year
as TO fragrant extravaganza In the con-
duct of the business. gross msmanage
ment, diversion of the sacred trust funds
for unauthorized purposes and wanton
disregard for the interests OF the policy
holders. constitute an indictment not
only against the ones who were directly
responsible, but against the trustees TO
whom the policy holders had a right to
look for protection.
Remedy Not Applied.
Throwing overheard OF the few officers
who were caught and pilloried by public
opinion for misdeeds is simply a tub
thrown to the whale of outraged and In
5ured policy-holders. We believe that
the real power which has been In control
OF the affairs of this company and which
put in Office the men who, when caught
were then deposed, is still seeking to
dominate. II was this power, We are
constrained to conclude. which caused
men Of conscience to retire from the
board of trustees months ago, when they
found themselves In minority in adyo-
eating measures to the highest and best
interests of policy-ho olders. We cannot
see 1t otherwise than that II We We're
elected on the ticket proposed by the
administration we would find ourselves
In ri to orI 10 to Il
more than raise a voice of protest TO
policies disregardful OF the policy hold
ers' interests.
Policy-Holders Have Rights.
'The policy-holders, who constitute the
real company and not the management,
are entitled not 20 a minority who will
look solely and alone to their interests,
not TO majority, but TO an entire board
Of trustees who will be thus actuated.
We cannot get away from the conviction
that there should be an entire change of
control of this company from the ele-
ments heretofore in control, to the pol
icy-holders themselves, 1t is neither log
ical nor safe TO trust second time those
who have once been false. II they should
succeed at this time In deludng the
policy-holders 10 again blindly trust
them, they could then proceed to greater
lengths than ever, in the consciousness
that by the occasional Offering Of a sac
riice and by specious promises they
could at any event avert an uprising
of policy holders and with the further
satisfying thought that after this only
a portion of the trustees will be elected
during any one year. and IL they can
control the election this time there will
be no need TO fear. 1t is therefore up
TO the policy holders now or never to
take control OF their property and have
IL run In their own control
Usurps Legal Rights
The present management of the Mu-
tual Life Insurance company is the only
power in America that undertakes to de-
clare martial law and suspend the writ
of hnbeas corpus in time of peace. The
conscript act that it Is promulgating
and attempting 10 enforce is so broad in
its provisions that men like Gen. Tracy
and myself. who are over 60 years old,
are in effect being forced on It's ticket
'iIt does not limit It's right of con-
scrpting citizens TO New York, but goes
TO Illinois, Delaware and Tennessee TO
recruit its forces