New-York tribune., 1906-08-21
AN ATTACK ON AGENTS.
Pol1cyholders' dissertations San
They Are Mere Campaigners.

information has been received by the executive
committee OF the Mutual Life Poiicyholders' Assoc
ei"l'oA mat agents and other employees OF the Mu-
tnal Life Insurance Company i'm MANY parts of the
United States have been busy lately in attempts to
get policyhOlders committed TO vote for the ad
lninistration ticket at the election next December
Letters and kilograms from poiicyholders in vari-
Gus parts Of the country have been received by the
committee, describing the methods OF the COM
panys agents. and asking what they can do to
prevent other pOlcyholders from pedgng their
votes in advance of the publication of the policy
holders ticket
member OF the committee said last evening
That the work OF the companys agents apparently
consisted chiefly in obtaining from policyholders
signatures TO prepared blanks indorsing the present
administration of the company. Such Endorsements,
no said could not be used proxies. but the plan
evidently was 10 commit polcyhoders in advance
10 vote for the administration ticket.
The International polio: committee issued
statement last evening. asserting that it had be-
come apparent that paid agents of the New York
Life and the Mutual Life had ceased to write in
surance. and were spending all their time cam
palgning for votes. The statement declares that
the two insurance companies are squandering the
policyholders money in a misleading campaign.
and adds:
To-day there came to the attention Of the inter,
national policyholders' committe circular issued
by Henry S. Waldron. the manager of the Mutual
Life Insurance Company for the State OF Montana
ance Company. p ana dated ed at at Heiena, Mont. in
which the pOncyhOlders directly solicited TO
vote the administration ticket, and the interna-
tional committee and everybody connected with
it are abused at the cOmpany's expense.
1t IS understood that number OF the policy
holders throughout the country are so incensed at
The methods that are being employed by the com
panfes in the election that they considering
steps TO combine independently 10 stop this waste
OF the poticyholderS' money. b
II is also understood that the Superintendent of
Insurance has been repeatedly appealed 10, but
that no relief has yet been secured. The notices
and circulars that are being issued by the COM
panies agents. under instructions from the main
Office being sent in 10 the office OF
the international committee, with the most vehe-
ment protests against the measures that are being
adopted and plea to do something TO stop them
The question arises: Are the policyhOders helpless
TO protect themselves against these raids upon
their treasury?
Officers of the New York Life Insurance Com
pany yesterday derided a report that Seymour
Eaton. who resigned secretary Of the interna-
tional policyholders' committee recently had been
comforting with some OF them Wednesday and
Thursday Of last week in the New York Life Build
ing in Broadway. They said that If Mr.. Eaton
had been visiting their Offices reported. they
were in complete ignorance of his presence.
II don't think I would know Mr.. Eaton by sight
IL met him." said Vice-President Kingsley but
I am quite sure l have had no conversation with
him. There is basis of truth for any report
that he has been in conference with any official
of the company"