The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1906-02-08

" LIE insurance Policy holders.
+. II answer 70 my arss APPEAL 70 the pol
w hs'dsfs Of Vermont have rscsivsd
many Iettsrs and more are coming daily.
Ths time has nov come to nAks lit-
W. more ds6nits statement Of plan and
psfposs.
Ny proposal 10 70 units the life policy
holders Of Vermont 10 enc organir alton 10
protsct thslr great interests 10 the lnsur.
sSos Coupaniss where their money 10 de.
positsd - . protection to their heirs.
Tns equalization may be very simple.
propose that II have permanent hsadquar-
tsrs In Burlington; that II appoint one or
mora men. not to exceed three, 10 attend
The annual meeting Of the insurance com
panies and represent the body Of Vernon,
pslicy holders at the elections-in the ex.
animation Of aecosnts, the regulation OF
expenses and the election Of board OF
honest aud active trustees. II At the same
tina other statss should send representa-
tivss-As they undoubtedly wili-it will
soly bsa short time before the policy hold.
sss Of The country viii take complete COR
troll Of The companies and manage them u
their own interest.
The man or men chosen 10 take the PROF.
~ 70 tho meeting and vote upos them
could BE- elected BY the direct vote Of thu
pe,icyholdefs BY mail or 10 person or BY .
committee OF ono from each county, ~
ssems bsst.
The organization machinery need not b.
elaborate. just mutual society to serve
mutual interests liz charge Of one person
TO receive proxies and record the wishes
Of the policy holders. The cost would b.
only few cents q year-possiblv ten to
twenty cents--for each policy holder.
The need Of an organization that will
eventually place the control Of the conpan
iss with the policy holders 10 just ~ ap-
parent now--syen more so--as II WAS wbei
the investigation Was In progress. Day b,
day II Ia seen that there IL no change In
spirit In the companies. The heads hav'
been cut Of, but that has not changeo
the vital,, the blood lows in the same ole
way.
The companies will continue their old
course Of extravagancs and reckless use Of
the policy holders money--paying 1t out
for agents junkets, for BIG commissions
Rotating expenses and nearly oil the evils
that come from the competition In business
and In the uss Of the money.
The mere fact that the big companies
are 10 control Of the nuItkmi llionaires,
Who Aght with each other for such control
that they may have the personal Use Of The
policy holders funds to make millions for
thsmsslves- slons should stir every
policy holdsr. Ryan In control Of The Eouit-
abls, Morgan, Rockefeller and Hartman
Aghting for control Of one or the Other, 10
. spectacle that ought 70 send shiver
1swh The back Of every policy holder.
TSs men In control Of The great compan.
~ sssd Ne policy holders' money for their
own profit and for dsbaaching legislation.
NJ. ARE criminally liable, Jet no attempt
~ been mods V prosecute them. Hen
lrsrks, The New YORK. superintendent, was,
v ~ ~ least, dsrslict TO bis dusy, yet BE-
contisses in cfics. The legislature Of New
York has done nothing Jet towards curing |
" evil hat Il has 80 long permitted.
10 Il sst time for The policy holders 70
bsgia On s6ort 70 control thelr own proper
W Gan they expect iss honest adminis-
lsstioa unlsss thsy dot II The owners Of
sssissss do not run II themselves they viii
.oen have no business. No legislation can
lats The place Of personal supervision.
shall BE- pleased 70 add 10 The Iiss 81.
rssAy 10 eli those Who care TO belong to
ssch IN organization. 10 writing give the
aams Of tbs company In which you carry
policy.
JosErH AuLp,
Editor Daily Hsss,
RprlinStnn VI