The sun. (Jacksonville, Fla.) 1905-1908, 1906-07-21

NVVoAAOI ~. ID. bTOWdru returned last week
from trip north! He went to New York to serve,
together with, Judge, Alton B. ParkeS' Judge
George Gray. Hon. Richard P. Olney, Mr. Thomas
Wanamaker. and other distinguished Americans,
as member OF the International Policy Holders
0Committee sE, 'at,atst,a sz5aAssf.i~aa3 a.s
To representative of THE SUN Gov, Broward
talked interestingly Of the meeting its object and
its results.
I'VE met at the Waldorf-Astoria Hotel" began
the Governor, "had an informal reception and in
PRODUCTION to each other and then went to lunch
con, which was served In the room adjoining the
committee room. At 2 o'clock the committee con.
vened and organized by electing Hon. Richard
p. Olney Chairman, Mr. Seymour Eaton Secretary
and G. r. Scrugham Organization Manager
s'The first purpose Of the meeting was to organ
lie and issue an address to the people, calling
their attention to the fact that the committee had
organized and to its object The Legislature Of
the State Of New York. at its last session, enacted
d. law that, among other things provided mode
. of electing directors of the New York Life and
the Mutual Life Insurance Companies by which
the policy holders In these two companies will
have practical way of exercising their rights in
electing officers, which was only form until this
law was enacted The law provides that all the
directors Of the two companies shall 60 out Of
Office. In. the month of December, of this year |
think. But 1t provides that these two companies
shall make up lists OF all persons holding policies
In these companies, and shall file such lists in
every general Office in every State in the Union
besides having such lists in the New York
Offices
Zone of these lists was furnished the committee
which met in New York last week. The law also
provides that the present directors Of the two
companies shall nominate ticket for directors
which shall be entitled Administration ticket"
and which must be nominated not later than July
18th. It provides that the comittee shall nomi.
nate ticket not later than August. 18TH this
ticket to be- called Committee Ticket" The
members of the committee are to send these
tickets, to each Of the policy holders in the two
companies throughout the world, to furnish them
copies Of the New York law and to give them
full information concerning how to vote the
tlLhets.g < & I
"The law requires that the policy. holder shall
make his ballot as he desires, seal 1t in an en-.
velop register It and direct It to- the company,
with notation on the envelop to the effect that
this envelop contains ballot for directors Of the
New York Life Insurance Co., (or Mutual Life,
as the case may beg to be opened by the Com
missioner of Insurance for the State Of New
York. in the presence of the directors Of the CON-
pany and committee representing the Interna-
tional Policy Holders Committee
I'm this way the Legislature has provided
method plain and simple by which the policy
holders in the two companies who desire a change
result. The Legislature Of the State Of New York
has done its part by legislating out of Office the
old management, and has provided this method
by which change can be MADE whenever 1t is
found that the money is being used to benefit the
individuals who chance to De officers Of the CON-
pany instead of solely for the benefit of the policy
holders.
81 do not care to criticise the management by
the directors of the past and present as think
It best that whatever criticism Is to be made
should be in the shape of facts culled from the
report Of the New York Legislative Investigating
Committee and such other specific data as will be
compiled and sent out by the committee under
the direction of Hon. Richard Olney, Hon. Alton
B. Parker, Mr.. Samuel Untermeyer and Mr.. Sey-
mour Eaton, who are In easy reach Of 80 much
data as has been collected
II am quite sure mat as soon as the policy hold
ers are appraised of the law enacted by the Legisla-
ture of the State Of New York recently, and find
how easy II is to control by simply marking
ballot that will be sent them and returning 1t as
described and having It counted, they will re-
spond quickly and take possession of the organi-
zation OF the two companies by electing men who
will represent the policy holders and their In.
korooto rothar than ms ho WI furn Ovar thu