New-York tribune., 1906-06-25
10 REFORM INSURANCE
pOLICYROLDERS CHANCE
International Committee TO Begin
JVork Ncrt Month.

,,a-ufacturers. fnsnoiers and merchants
-5ts committees which is TO act for and with
- -olicy hoi6ex and their various associations
., ~, -eleotion OF tickets for trustees OF the
Wv York Life and the Mutual Life insurance
,-,rrsliios 10 oppose tickets which will be put
nm i,y the present arrangements OF the COM
,suies w3u hold meeting for organization in
his city on Tuesday. July 10. From that on the
sr,ive work Of framing tickets will be prose-
,oted and the work OF interesting the policy
holders in the movement. which has been going
an under the direction Of Samuel Unterrnyer,
,be counsel Of the committee, will be continued
In giving out the committee yesterday the
o4soers made this statement:
For he ars3 tin line in, in their , lives: the polcyholders
companies will be able to cast votes which have
continuance OF their control and manipulation OF
nearly 500 eoo0o Of insurance assets.
The committee is as follows:
Governor Napoleon r. Broward, OF Florida; ;
hzs large steamship interests.
Governor Newton c. Blanchard, Of Louisiana:
formerly justice Of the Supreme Court Of that
state
Dr. Russell H Conwell. former journalist;
founder and pastor Of the Baptist Temple
founder and president OF Temple College. both
E Z. Clark of Iowa; president of the Brother
hood az Railroad Conductors.
Cardinal Gibbons. OF Baltimore: head Of the
Roman Catholic Church in this country
Judge George Gray. Of Delaware; judge Of the
United States Circuit Court: member OF the
Peace Commission. Paris. 1898: chairman of the
Anthracite Coal Commission.
Governor J. Frank Hanly Of Indiana; former
state Senator and former Congressman.
Ex-Congressman John J. Hemphill. Of South
Carolina. Editor Of The Charleston News and
Courier"
Harlow Y Higginbotham. Of Illinois, member
Of the firm Of Marshall Field & Co. Chicago.
presdon; of the Worlds Columbian Exposition,
president Of the Field Columbian Museum.
Governor John A Johnson OF Minnesota. pro-
prietor Of The St Peter Herald"
2 A Lash. Kings counsel. Of Canada
Congressman Nicholas Longworth, OF Ohio
Bishop Charles c. McCabe Of the Methodist
Episcopal Church, Of Pennsylvania
Frederick z. Niedringhaus. Of Missouri father
Of the Republican state chairman and president
Of the National Enamelling and Stamping Com
paHy.
Samuel Newhouse, OF Utah. prominent mine
owner
Fremont Olaer, OF California proprietor OF
The san Francisco Bulletin.
Richard Olney. OF Massachusetts, former
United States Attorney General under President
Cleveland
Governor s. ". Pennypacker OF Pennsylvania,
former Judge Of the Court OF Common Pleas.
Alton B Parker. of New York. former chief
3udge OF the Court OF Appeals; Democratic cam
didsse for President, 1904
Governor Henry Roberts Of Connecticut: has
large eaanclal interests in Hartford.
Colonel A. NJ Shook, Of Tennessee; capitalist.
OF Nashville.
Charles Emory Smith. Of Pennsylvania; Editor
q The Philadelphia Press: former United
States Minister TO Russia; Postmaster General
under President Mckinley.
General benjamin F. Tracy. Of New York;
former Secretary Of the Navy under President
Harrison. former judge Of the Court OF Appeals
Thomas B. Wanamaker, Of John Wana-
maker Of Philadelphia.
Herr Heinrich Wiegand. Of Germany: head Of
the North German Lloyd Steamship Company.
a representative of each Of the French and
English pocyholders' committees will be an
nounced later
Cardinal Gibbons in accepting the invitation
10 act on the committee. wrote: Il accept the
Invitation with deep sense OF the responsibility
which the Office entails"
Charles Emory Smith in accepting wrote: The
clear and forcible letter Of Mr. Untermyer shows
'--E t- Nlr AOTk NliiIn llt GdIl
do and raises 1t TO the duty Of a public service
Ny nearness 20 New York where. I suppose
most Of the meetings viii he held. would make
It convenient for me 10 attend. and the character
END standing Of the members thus far chosen
not Culy invite confidence put make IL an honor
70 be associated with them"
Mr. Untermyer. who has been working for
weeks 70 harmonic the various policyholders'
associations in this country and abroad, is much
pleased with the result Of his work In connec-
ton with the announcement Of the committee
yesterday he said:
se1.s s is Is 'e oomPlelion BY the Rosyhq,ders them;
with tie .1vestigarion by the Armstrong COMMITTEES
SaG was C9ntinue1 by the Legislature OF the State
bi restoring 10 policy holders in mutual companies
= Eoce through the ballot box In the control OF
i is surprising how little the policyholders know
about what Is happening To their interests The old
Aanacements are eXhsUsting every effort TO in
french themselves in once. They are relying upon
paes 10 1se thsir gents TO eretuate the existing
isri,'.@ @41 poIcylot2ers gers a. are cauilonea against
Csee N canvsssing for votes for the present dis
fEtcNcc management The agents are in the policy
.ooers pay and should not be working against
TIE pollcy holders should understand that cleo
Sous arc shortly be held IN both OF these com
lSa.es ar which the polcyholders will at last have
ne opportunity % electing boards OF directors OF
e. opportunity 70 vote directly by mail by marking
ballots u ordinary elections. They cautioned
-set-st elF-nc proxies. whether solicited by the
.o.ce-z
~ 0rs- 0e apparent u every that until a
.o"peie "nange has been made in the management
Zach ~ these companies it cannot expect TO
.eff ne confidence OF the public the policyhol0-
- y must be equally. apparent that the wrongs
- anlSes psrpetuared upon the policyholder can
~ re discovered restitution obtained until
=" management unconnected with these abuses Is
p u control. ana this is their opportunity 10 now
20 Forever separate these great sacred funds
-foiH TIE domination OF Wall Street.
Seymour Eaton. the secretary of the com
r'ittee, has fo- some time been engaged in or
sar.zing the work IN the field. G. r. Scrugham,