Every evening, Wilmington daily commercial., 1906-05-17

At a massmeeting of holders of
policies in the Mutual Life and New
York Life Insurance Companies, at
the Board of Trade rooms, in the
Equitable Building last night, it was
decided unanimously to ask Judge
George Gray to represent the Della
ware policy holders on the nom mating
committee of the international Policy
Holders Association, viii ich is to select
ticket for the action of the policy
holders at the election of new directors
for each company, on December 18Th.
The Meeting was called to order by
DIR. Joseph II. Chandler. the chair
man of the committee appointed last
October, who called upon Herbert IA.
Ward, another member of the com
mlttee, to explain the object OF the
meeting
Mr. Ward said as a result Of action
by the Leg islature of New York, all
proxies heretofore executed had been
nulliiied, and what has been done by
the local policy holders, except to
! agitate the matter, was of no avail,
and, therefore, it was necessary for
| the policy holders to decide upon
]
their interests. Mr.. Ward suggested
that the meeting select somebody to
represent the Delaware policy holders
in the international Policy Holders
Association, the object of which is
| TO procure a committee of men in
whom everybody has confidence, to
nominate a ticket TO be voted for at
! the elections of the Mutual and New
.tN
explained that any ticket selected by
100 interested people will be rec
! ognized by the superintendent Of
the Insurance Department of New
York, and if he approves the ticket
1t must be placed on the ballot to be
sent to the policy holders. Mr.. Ward
suggested that Judge Gray be asked
to serve as the Delaware member of
the committee, expressing the belief
that Judge Gray would serve if the
| policy holders desired him to do so.
Edwin Leibfreed, of New York,
treasurer of the International Policy
Holders Association, who attended the
meeting gave further information on
the subject. He said the policy holders
had a right to participate in the
nomination, although they had not
availed Tia emselves of this right here
tofore. The elections, be said, take
place on December 18TH, and under
the law, the companies must submit
their nominations five months before
the election, while the policy holders
must submit their ticket three months
before the election, which gives the
policy holders two months in which
to scrutiniz ze the tickets of the COM
panies. The tickets passed upon by
the New York Insurance Department
must be submitted TO the policy
holders, on December 18th, 10 be
voted either by mail, personally or
by proxy, all prox les TO be executed
after September 10th.
In reply to Il. j. Maclean and Frank
Woolley, Mr.. Loebfredd said the move
ment was international and the com
mittee comprised many men of promi-
nence, including Lord Northclin of
England, Alton b. Parker of New
York and others. BY request. Samuel
Untermeyer, prominent New York at
torney, because of his connection with
this insurance Investigation, was
serving as counsel for the association
Seymour Eaton is secretary and Mr..
Leibfreed treasurer.
a IIOII
an insurance paper, intimating that
Mr. Untermeyer was friendly Ia
Thomas w. Lawson.
Mr.. Leibfreed said he could not dis.
cuss newspaper articles; all he could
do would be to give facts, and he in
vited any interested people TO visit the
associations office, at No. 30 Broad
street, New York, and examine the
D ID.
that Mr. Untermeyer was serving al
the solicitation of large number of
policy holders. He also said the
Richard Olney of Massachusetts, had
been selected TO represent the New
England policy holders on the nomi-
mating committee.
J.. Harvey Whiteman advocated the
selection of Judge Gray. pointing out
that with such men as he on the
committee the policy holders would
feel safe, knowing that such "A com
mittee would nominate only men who
come could be depended upon to act
for the interest Of the policy holders
generally.
Mr.. Maclean said he represented
Delaware. as chairman for this State.
in the Mutual Life Policy Holders
Association of the city of Washington.
Although he is acting only temporar
lily, he intends 20 call meetings in all
three counties, so as to form a branch
in each county, after which there will
be a State convention, to appoint some
body TO 60 TO Washington to partici
pate with the association in nominal
ing ticket. He said b. n. Baker of
Baltimore, Md, is chairman. Other
officers are Calvin Tompkins, Col. A..
A. Polk, John Sharp Williams, Alfred
h. Hammer, J. Il. Jenkins, Col. W. 5.
Thompson, Dr. Maurice S. Egau and
others. lie said the membership ex-
tends to every State in the Union and
Go several foreign countries.
Charles M. Curtis, who is policy
holder in both companies, offered a
resolution nominating Judge Gray as
the representative of Delaware policy
holders on the nominating committee
of the International Policy Holders
Association, which comprises holders
of policies in both companies. The
resolution was unanimously adopted
and the officers of the committee were
instructed TO wait upon Judge GRAY
and ascertain his pleasure in the mat
ter.
Card Of Thanks