Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-06-25
THE INSURANCE WAR
PERSONNEL OF TICKET OF THE.
PoLIcYHoLDERs.

From now on until December next one OF
the most extraordinary campaigns in the
history of the country will be waged be-!
tween the 100000 policyholders of the
Mutual and New York Life Insurance com-i
panies on the one side and the strongest
possible group OF Wall street interests on
the other.
The policyholders OF the two companieSi
In the United States. Canada and the prin-.
cipal European countries have been quietly
organized during the past six weeks by
representatives of the International policy
holders committee under the direction OF
Its counsel. Samuel Untermyer. AS a re-
suit of this organization It is expected that
a majority of the polickholders of each
company will vote at the annual election on
December IS to turn out the ]. P. Morgan
management, which now controls the New
York Life, and the Standard Oil manage
ment. which is in control of the Mutual
Life.
There has been much speculation as to
the identity of the men who compose the
international poicyholders' committee
and for the first time their names were an
nounced yesterday. In many respects the
committee Is the most remarkable body OF
its kind ever formed, the greatest possible
care having been exercised to select only
those men in whom the public has supreme
confidence-men without Wall street connec-s
lions or under the domination Of the Nor
gan or Standard Oil interests
One of the most notable members of the
committee is Cardinal Gibbons.
An equally notable member is the Rev.
DR.. Russell H. Conwell, who is probably
the leading Baptist clergyman Of the
United States.
The other members of the committee are,
Richard Olney of Massachusetts. Attor- !
ney General under President Cleveland
Judge George Gray of Delaware. 4
President E Z. Clark OF the Order OF !
Railway Conductors. }
N n I'd nf
Gov. n. c. Blanchard of Louisiana.
Gov J. Frank Hanley of Indiana.
Gov, ]. A. Johnson Of Minnesota.
Gov. 8. w. Pennypacker of Pennsylvania.
Gov Henry Roberts of Connecticut.
John c. Hemphill of South Carolina.
Harlow N. Higinbotham of Illinois, part
of the late Marshall Field.
T. A. Nash. kings counsel Of Canada. J
Representative Nicholas Longworth Of
Ohio, son-in-law of President Roosevelt.
Frederick B. Neidringhaus OF st. Louis.
Samuel Newhouse, principal mine owner
Of Utah
Fremont Older Of San Francisco.
Former Judge Alton B. Parker.
A. NJ. Shook of Tennessee.
Charles Emory Smith. editor OF the PhiI-
adelphia Press.
Benjamin F. Tracy. former Secretary OF
the Navy.
Thomas B. wanamaker, son of John
Wanamaker.
Heinrich Wiegand representative of the I
policyholders of the German empire.
In connection with the announcement Of
the personnel of the committee Mr.. Inter 1
myer said:
This is the completion by the policy
holders themselves of the movement for
reform, which started with the investi-
cation by the Armstrong committee and
was continued by the legislature of the
state of New York when there was passed !
an insurance bill restoring to policyholders
In mutual companies voice through tho /
ballot box in the control of their own saw |
ings.
1t must be apparent to every one that |
until a complete change has been made in
the management of each of these companies
1t cannot expect to have the confidence
Of the public the policyholders 1t must
be equally apparent that the wrongs and
abuses perpetrated upon the policyholders
cannot be discovered nor restitution OBJ
ta1ned until new management unconnect-
ed with these abuses Is put in control and
this Is their opportunity to now and for
ever separate these great sacred trust
funds from the domination of Wall street"
Under the reform insurance law each poll
fcyhoder will have one vote, regardless Of
the amount of his policy or the number Of
policies held by him. The voting will be
by ballot directly by mail. All proxies
given prior to October IS next are void.
The polls will open October IS and remain
open sixty days to December 10.
1t Is understood that the Morgan man. q
agement of the New York Life and the
Standard Oil management of the Mutual
Will nominate men now in control EXCEPT /
In a few individual cases where the pres
ent trustees refuse to run.
In joining the committee Cardinal Glib
bons wrote
Il accept the Invitation with a deep sense
of the grave responsibility which the office |
entails"