New-York tribune., 1906-07-10
0LNEY TO LEAD FIGHT
Continued from first page.

o. such suits as have been begun, and the begin
deyolve upon the new management These matters
mittee II viii no @ P ith Ot , ne t dctrr3in whether
such Investigations and efforts to secure restitu,
justice to you by the directors under whose ad-
9S nlIstrations the acts were perpetrated ana sur
management which has had no connection with
and IS under no obligations TO the cid or1cers
Ine expense OF this campaign must be borne by
the policyhoders II costs more than $4,000 to
ers A committee on finance will have charge Of
-o,,t - s ~ s-e az
pended in their interest At the completion Of the
Gem99aisn Gere99 detailed expense report Will be rem
Under these conditions. and in the fun belief
which has ever been Instituted in this country,
your committee feels free to urge you as a policy
holder TO forward TO the secretary such voluntary
contribution Qrom upward) you may con-
Should the policyRolders give expression TO such
a desire, this committee will endeavor to form a
permanent policyholders' organization. which shall
have the following among its objects:
(al TO maintain a vigilant supervision Of the
make an independent audit Of their books. through
(b) To require the annual distribution among the
polcyholders Of the dividends to which they are
undue increase OF the vast accumulation Il, which
agenent and waste
NO REDRESS FOR BENEFICIARIEs
20 To furnish the beneiciaries OF the policies
which mature by death or otherwise means Of
BY the company is the full amount 70 which the
6enefieiaries are Justly entitled Under past ana
is offered and have no practical redress or way OF
Cdl TO prevent the payment to the officers Of the
companies Of exorbitant salaries. the use of the
corruption Of legislative bodies,
(e) To see to it that the S3OOo00O or thereahouts
companies are required to sell within I'VE years. are
ers disposed OF to the best advantage OF the
% To advise you from time to time concerning
the candidates for directors that presented for
election. by the administration and, II neceS-
deavor TO restrict the operations of the companies
to the legitimate scope Of the insurance business
vestigation followed by the most startling ex-
posures Of the methods Of the officers and and dIrec-
panies in substance and effect has declared these
directors be unfaithfuI trustees Of the great IN
terests committed to their charge, has legislated
them out of Office and has called upon the policy
The nomrnations for new directors by this GI. Com
mittee will in due time be submitted TO the policy
holders.
LIST OF THOSE WHO ATTENDED.
The members Of the committee present when
it went into session at o'clock in the afternoon
were Governor Napoleon B. Broward of Florida;
Dr. Russell H. Conwell pastor Of the Baptist
Temple, of Philadelphia: Judge George Gray. OF
Delaware; Governor ] Frank Hanly OF Indiana,
Ex- Congressman John C. Hemphill Editor OF
The Charleston News and Courier South Car
oIina; Harlow n. Higinbotham of Marshall
Field & Co., Chicago; Governor John A. john
son, Of Minnesota; T. A. Lash, Kings Counsel Of
Canada: Frederick B. Niedringhaus, Of St. Louis,
president Of the National Enamelling and
Stamping Company; Samuel Newhouse. mine
owner. of Utah; Fremont Older. proprietor Of
THE San Francisco Bulletin California; Rich
ard Olney, of Massachusetts; Governor S w.
Pennypacker of Pennsylvania. eX-Judge Alton
B. Parker. Of New York; Governor Henry Rob
erts of Connecticut, Colonel A. NJ. Shook, Of
Nashville Tenn; Charles Emory Smith, Editor
Of The Philadelphia Press; General Benjamin
F Tracy, of New York, and Thomas B. Wana-
maker of Philadelphia
The members Of the committee who could not
be present were Congressman Nicholas Long
worth, who is in Europe; Governor n. c.
Blanchard of Louisiana, who detained by a
session of the Legislature; E. E. Clark. Of Iowa,
who is preparing for meeting of the Order Oh
Railway Conductors of which he is chief, next
week and Bishop Charles c. McCabe, Of the
Methodist Episcopal Church. Cardinal Gibbons.
who sent letter asking to be excused from
serving on the committee is now in retreat. and
no reply has been received to the suggestion
that ne name alternate.
After Judge Gray had been named as tempo
rary chairman the following committee was
chosen to make nominations for permanent Of
fcers: General Tracy. Mr.. Olney. Governor
Broward Mr.. HemphilI and Mr.. Lash. In addi-
ton 10 the permanent officers, as given above,
the following permanent committees were
chosen: Executive ex-Judge Parker, Governor
Johnson, Mr.. Smith, Mr. Higinbotham Colonel
Shook, Governor Pennypacker and Governor
Roberts; finance Mr.. Wanamaker Mr.. Niedring-
haus and Mr.. Older.
COMPOSITE STATEMENT ADOPTED
Several members of the committee including
Mr OIney Mr.. Untermyer and ex-Judge Parker
had written addresses TO the policyholders.
by paragraph. The one finally adopted was a
composite of them ALL with certain additions
Some of the members were in favor of a much
more vigorous presentation Of the case. The
work Of preparing the address and the discus
sion of the procedure Of the committee took up
most of the four hours that the committee was
in session.
II was decided that the executive committee
should receive suggestions from the policy
holders as TO the names to go on the trustees
tickets. These suggestions will be submitted to
each member Of the committee, which wi finally
decide on the tickets at later meeting. Each
step of the work Of the committee must be pre-
sented TO each member of the committee for his
approval There will probably be three or four
meetings Of the full committee, and the executive
committee four members Of which live in or
near this city. will meet frequently. After some
objection it was finally decided that a member
Of the committee could name an alternate to
attend one of the meetings Of the full committee.
if it should be absolutely impossible for him TO
attend The committee adjourned at o'clock
subject 10 the call Of the chairman on notice
of ten days. No date has been set for the next
meeting.
Heinrich Wiegand head Of the North Ger
man Lloyd Steamship Company. is the repre-
sentative of the policyholders Of Germany, and
Lord St Oswald and j 5 Harmood-Banner of
the English policyholders. These men met their