The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-11-10
JELKS OPPOSES
INSURANCE CROWD
Thinks PoIicyhoIderS' Ticket
Should Be Elected
COULD NOT BE WORSE
Parole Is Issued to Lamar County Man
to Allow Him to Visit His
Wife, Who Is


Montgomery, November S.--(Speeia1)-
Governor William D. Jelks, the chief ex-
ecutive of the state at this time. is in
favor of the old crowds in the large in
surance companies beng removed, and
way made for new men, believing that
the new ones will not be so likely to make
trouble for the policyholders as the old
"A change can not possibly hurt the
policyholders," he says, but on the con-
trary it would recommend the two COM
panies CNew York Life and the Mutual
Life to the good opinion of the general
public, which they greatly need" The
governor said:
"A careful person has taken the
trouble to compute from the records In
the office of the secretary of state the
money paid out by Alabamians in eight
to the five life companies doing the lead
ing life business in Alabama, and also
the money returned to citizens of the
state in the same time He learned that
the companies collected $40OO,O00 in that
time and paid back to the state in that
time $5,000,000, being a gain to them and
drain on the state of more than 81 co.,
900 year for the five companies alone.
1.-TWO of the companies considered in
this figuring are the New York Life and
the New York Mutual. 1t was by the
Illegal or improper holding of their part
of this nine and other millions that the
| two companies have been able to pile up
| togethers955 900 900.
Fight for Vast Sum.
"A fight is on for this vast sum. Many
people who have gained fortunes by keep
ing it together or refusing to pay it out
to policytholders want a further lease on
life. The administration ticket in both
cases are undoubtedly related to the old
| crowd; where a change has been made in
the old directorate, it was hardly more
than in name. | have no policy with
either of the companies but l am sure
1t is to the interest of such holders to vote
a change.
ut has been said that the ant-admin-
istraton crowd will be as bad as the adj
ministration ticket. That can hardly be
true. Those who kept up with the show
ing made by the Armstrong committee
cannot conceive of that being likely
even possible. Hundreds of millions were
denied the policyholders in premiums,
while these vast sums were used to bull
| and bear propositions in which the policy
holders were Interested. Not only were
| the dividends denied rightfui claimants.
| but their own money was used to depress
| property holdings of these same claim
ants
"a change not possibly hurt tae
policyholder. On the contrary, il would
| recommend the two companies to the good
opinion of the general public which they
greatly need. Not only SO. bus future
boards of trustees will know that they
can be soon turned out and this will sure
ly mean feeling of greater responsible
ity by the board to the owners of thu
company.
IF the administration ticket wins out,
then there will be no fight of the kind
again in our day. / believe that the policy
holders fight in that case will be lost
practically forever"
To See Dying Wife.
The governor has paroled Steven Har-
rs, a white man of Lamar county, that
he may go home for few days with his
wife, who is desperately i'll. Harris was
convicted of grand larceny Septe nber I,
last and given a sentence of one year,
with seven months and twenty days for
cost The parole begins Saturday, Noven-
Der 10, and runs to Monday, November 26
at which time he is to report back to
the warden at Flat Top mines. The gov
ernor says: II am informed that bis wife
is in a desperate condition. Her doctor
thinks she is not likely to live. Applica-
ton is made to me that he be allowed
parole that he may see his wife be-
fore she dies"
The governor has offered a reward Of
800 for the arrest and delivery to the
sheriff of Coosa county of Bobo Parker,
wanted for the murder of Tobe Edwards
November /. The accused and the victim
belong to the negro race.
The state auditor would like the old
prisoners to know that information about
their pensions can be had from the prob
ate judges. In cases where names have
been taken off refused, the lists of
such are sent back to the probate judges,
along with the reasons for such Ection,
so that every one who has been removed
or dropped will be able to find out at
home the reason why
These officers have been appointed by
the governor: r. Il. Blunt at Sunilower,
and A. Il. Wndham, OPP, notaries pub
lie and justices of the peace.