The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1906-12-14
big INSURANCE
I'AIET0'I COMBINE ] {
THIRTY PRESIDENTS SUMMONED
TO "A MEETIfl G-PLAN5To
REDUCE EXPENSES.

life insurance companies OF the coun-
try and covering all parts Of It, will
meet on December q to form a ma
tional organization.
The meeting will be held in response
to a letter issued by Paul Norton,
president of the EQUITABLE Life which
was sent to the presidents Of all of
the larger companies. The letter Is
dated New York, December 9. Among
other things the letter says the OBJ
jects Of the meeting will be:
To promote the welfare Of policy
holders, TO advance the interests of
life insurance companies in the Uni
ted States by the intelligent co,ope.
ration of officers In charge; 10 pre-
vent extravaganza and reduce ex.
penses by encouraging uniformity of
practice among life insurance com.
panies in matters of general admins
tration; to consider carefully meas
ures that may be introduced from
time to time in legislative bodies. and
10 consider anything that may be suit
ably matter Of general concern to
the life insurance business.
The meeting to organize is to be
held on December 81 in this city Nor
toms letter to the insurance presi-
dents is as follows:
NEW YORK. Dec. 3, 1906.
MY Dear Sir: am impressed with
the lack of cooperation among the
large life insurance companies and re-
spectfully urge that we meet aud dis
cuss a plan Of organization, the OBJ
jects OF which shall be:
l. To promote the welfare Of pol
lcyholders.
2. To advance the interests Of life
Insurance companies in the United
States by the intelligent cooperation
Of officers in charge,
8. To prevent extravaganza and re-
duce expenses by encouraging uni
formity of practice of general admin.
istration.
4. To consider carefully measures
that may be introduced from time to
time in Legislative bodies. with view
to ascertaIning and publicly present,
ing the grounds which may exist for
appos!ng or advocating the proposed
legislation, according as the welfare
Of the companies and their policy
holders shall point to the one course
or tile other.
5. To consider. anything that may
DO suitably a mater Of general con
Germ to the life Insurance business.
c. II you agree with me that such
an organization Is necessary AMI are
willing your company should become
"a member I will be glad to call
meeting as early as possible to fur.
Their consider the matter.
Personally, 1t sens to me that much
good can be accomplished by NOR
cooperation between insurance com.
paules.
Copies CT the letter have been sent
to The presidents Of the principal life
insurance companies.
Very 5iuly yours,
tSiynrdD PAUL MORTON,
President.
IN explanation Of his calling the
meeting tIr. MortVn said. tonight:
WY reasons for calling this meeting
are clearly stated,!n my letter. The
letter was not intended for publica-
ton at this time and it Is to be re-
grcttrh that some enc who received
1t evidently saw ft TO give 1t out pre-
maturely. Rut there is no harm done.
I believe in maximum amount OF
publicity, and as president Of one Of
the large companies l am not going
to enter into any agreement or COM
blnation that will not promote the
public welfare.
a consider that It is just as essen
tial for the executives Of the life In
surance companies Of the United
States to haveEa national association
as II is for the fire underwriters, life
insurance actuarles, national banks
and physicians of the country, or any
other body of intelligent men to have.
similar associations. Much good can
be accomplished by mutual acjuaInt-
ance, cooperation and uniform pEac-
tice, and l shall be very much disap'
pointed If great Improvements can
not he made in the administration Of
the business and cost of life insur-
ance to the public"
To have beautiful, perfect, pink, vel
vetlke lips, apply at bedtime a light
coating of DR.. Shops Green salTc.
Then, next morning, notice carefully |
the effect. Dry, cracked, or colorless
llps mean feverlshnes, and are as well
III annenrinr. DR.. shoon's Green salye |