The Montgomery advertiser., 1906-07-25
STRIVING
 DOMINATE Col. Shook Hits From
 Shoulder. AFFAIRS OF THE MUTUAL co. Tennesseean Put Up as Blind for
 Policy Holders. Say. That He and General Tracey
AFFAIRS OF THE MUTUAL co.
Says That He and General Tracey wouId Be in Hopeless Minority and Extravasance would
 Continue Unabafea.

, A
 New York, July 24--coionel A N. Shook of Nashville. Tenn. a member of the International Policyholders' Committee, who was placed on tho ad- ministration ticket for trustee of the Mutual Life Insurance Company with out his permission, was in this city to- day and conferred with the counsel for the Policyholders' Committee about the placing of his name on that ticket. Afterward Colonel Shook said concern Ing the Mutual Life Insurance Com- pany: .st
 .The revelations during the past year as to fragrant extravagance in the conduct of the business. gross misman- agement, diversion of the sacred trust funds for unauthorized purposes and wanton disregard for the interests Of policyhoiders. constitute an indictment not only against the officers who were directly responsible, but against the trustees to whom the polieyholders had a right to look for protection.
 The throwing overheard of few of- ficers who were caught and pflloried by public opinion for misdeeds, is simply tub thrown to the whale of outraged and injured polieyholders- We believe that the national power which has been in control of the affairs of this conn., pany and which put in office the men who when caught at 1t and then de- posed are seeking to dominate.
 Tt was this power we are canstrain- ed to conclude. which caused men of conscience to retire from the Board of Trustees months ago when they found themselves in a minority in advocating measures to the highest and best in- terests of policyholdera. We cannot see It otherwise than that if we were elected on the ticket proposed by the administration we would find ourselves in hopeless minority and unable to do more than raise voice of protest to policies disregardful of the policy- holders interests.
 Ratified fo Entire Board.
 "The pollcyholders who constitute the real company and not the manage. ment, are entitled not to minority who will look solely and alone to theif Interests. not 10 majority. but an en- tire Board of Trustees who will be thua lactuated. We cannot get away from | the conviction that there should be an entire change of control of this con1- pany from the elements heretofore in control, to the policyhoIders them selves. It Is neither logical nor safe to trust a second time those who have once been false.
 If they should succeed at this time in deluding the policyholders to again blindly trust them, they could then proceed to greater lengths than ever. In the COHsClOuSuSSs that Dy bAc OCCa~ sional offering of sacrifice and by spacious promises. they could at any time avert an uprising of policyholders. and with the further satisfying thought that after this only a portion of the trustees will be elected during any one year, and if they can control the election this time there will be no need to fear. It is therefore up to the policyholders now or never to take control of their property and have tt run in their own control.
 The present management of the Mu- tual Life Insurance Company Is the only power in America that under takes to declare martial law and sus- pend the writ of habeas corpus in time of peace. The conscript act that 1t is promulgatIng and attempting to force Is so broad in it's provisions that men like General Tracey and myself, who are over 60 years of age, are in effect being forced on its ticket It does not limit its right of conscripting citizens to New York. but goes to Illinois. Della ware and Tennessee to recruit It's forces"