The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1906-03-23
POLITICS AND INSURANCE,
Policy Holders Have Been Plum
dered for Republican Par
tisan Purposes.

The control Of the great life insur-
Inee companies by the gambling Wall
Hreet bankers and "frenzied finaa.
,ierB" has been disastrous to the
policyholders and demoralizlng pc.
iticalIy. These bold financial pirates
nave distributed large amounts Of the
money Of the policyholders to corrupt
legislatures and TO bolster up the fail
ing fortunes OF the Republican party.
their predatory Instincts appearing to
be identical, The large sums do
aated by the officials of these insur-
ance companies to the Republican ma
tiondl committee and the Republican
congressional committee at the last
campaign and former ones. has robbed
the widows and orphans OF the policy
holders OF their Just share of tho sur
plus cash OF these institutions. II
was hoped and expected that Prosi-
dent Roosevelt would demand that
the contributions paid to the Repub-
ican leaders should be repaid but no
such restitution has been made.
Life Insurance company OF New York
have been the greatest sufferers from
the plundering gang that have OBJ
tanned control OF that great associa-
tion and will continue to be the SPORT
Of Fl II Rogers and the Rockefeller
they take the necessary steps to pro-
tcct their interests The attempt OF
Tom Lawson to have the policyhold.
ers sign power Of attorney TO elect a
new set Of managers may have been
done with honest intentions. but all
who are notorious Wall street gam
hlcrs should be entirely oblitcrated
from the future control.
What Is needed is honest business
management by the policyhodors
themselves by the selection Of those
who have no sinister object In view
but an eye single to making the best
possible return TO the policyholders
and to those who they arc saving to
provide for The plan proposed OF
making clean sweep Of the present
VIGOROUSLY unfit and corrupt manage
mcnt would seem not only advisable
hut absolutely necessary and the or.
SANITATION Of the Mutual Life Policy.
holders association with headquarters
nj Washington offers the best op-
portunity for honest and equitable
reform in the management and Is or.
the pollcyholdcrs through.
leaders in this association are men
II national reputation and unlOubted
probity and rs they propose that tho
shah have voice in
The management Of their savings. Il
would seem to he the best plan offered
The poicyholdcrs to rally for self.
Tho large policyholders can no
louht In measure take care o!
Themselves but Il IS the small policy.
holders, insured perhaps for but
thousand dollars that are most In.
The chief feature Of the Mutual Life
policyholdcrs' association. that every
large and small, shall
stand on the same footing and have
m equal voice in tho management
the plan ms democratic
and therefore should be popular
like political voters
'annot expect reform unless they
take an active interest In affairs and
take the trouble to vote for reforms
Good Intentions are worthless and
viii effect nothing unless followed by
action. The graftors, whether polIti.
clans or insurance men, are always
present to be counted at caucuses and
meetings md honest policyholders
Ike political voters must see their
votes are counted or reform Is net
possible.
AS the present corrupt management
" the Mutual Life Insurance company
'cfusc TO allow an inspection Of their
books so that the whole body OF
can be notified of the
forming in their inter.
'sts, It would seem to be the duty and
certainly Is for their interest to cor.
'espond with the association at Wash
ngtOn and so become acquainted with
he details of what is being done and
what II Is proposed TO do to preserve
heir mutual accumulation OF saw
ngs from future raids by the Wall
treet financial sharks