The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1911-04-12
About the $50, 600
Which the Mutual Life Insur-
ance Company Is Now
Spending.

Ballots are now being mailed for the
ensuing election of the Mutual Life In
surance Company of New York. New
York and Chicago papers have pub
lished an article evidently inspired by
the administration, complaining of the
fact that they are put to the cost of an
election by the nomination of Mr. Sol
Rosenblatt, which expense they would
otherwise not have incurred. The
amount was variously fixed at from
$780, 900 to $50, 900. When interviewed on
this subject Mr.. Rosenblatt, an attor-
ney at 70 Dearborn St, Chicago, Ill,
stated:
THE shrewd merchant of life insur-
ance is skilled in dressing up figures
to be most attractive for the purpose
desired In the matter of this election
the actual cost per poncy-holder IS
about 21ac, and it is only because Of the
large number of policy holders that the
amount becomes at all substantial. In
issuing the 67th Annual report, on the
other hand, the administration en-
bellished their figures by claiming the
annual expense of their New York Of
flee to be the trivial sum of one-fourth
of one per cent. of the assets; on the
preceding pages of the report, however,
it Is found that the assets are over
half billion dollars; so that this petty
one-fourth of one per cent. is found in
cold figures to amount to one million,
four hundred thousand dollars ($1,400,-
000), as an annual expense of the
New York office, exclusive of taxes, and
it will be further seen that it is four
teen and four-tenths GA 4-10%o) per
cent. of the annual premiums received
and over seventeen and one-half
(171h95) per cent. of the amount paid
out. Compare the cost of this election,
PIC apiece once in two years, with the
annual expense of 81, 400 100000 for the
New York office alone. To put it mild
ly, this leaves a suspicion of extrava-
gance which the policy-holders hope to
overcome.
1.-THE company's objection to the ex-
pense is as absurd as would be, for ex-
ample, a bill introduced in Congress by
one of our representative abolishing
elections on account of their COST and
perpetuating the congressman in office
The board of trustees has heretofore
been self-perpetuating and the policy
holders who are the sole source of in
come and sole avenue of disbursement
feel that they are extremely modest in
asking that there be but one of of their
own selection to represent them on a
board of SO who are to be elected. We
do not desire any radical changes, and
expect to work in harmony with those
In control for the good of the company.
1.-The policy-holders can only elect
their trustees by voting for their ticket
alone, scratching out the administra-
ton ticket, as at least thirty-five on
the latter ticket will be reelected there
being no opposition. A new proxy sent
me will revoke all prior proxies and If
the ballot or proxy has been mislaid A
new one will be sent on application
Either send the ballot direct to the
company according to instructions or
sign the proxy, have it dated, witnessed
w~N141 \
1t to me with the ballot (Sol Rosenblatt
70 Dearborn ST, Chicago, uI)"
DO YOU KNOW what the 81, 400, 600 90
is used for annually? Do you know
whether any of the brokers on the
board are unloading their bonds on the
company or otherwise using it's funds?
Do you know it was reported after an
examination that in 1906, though now
unlawful, there was spent S168, S51 of
the policy-holders' own money to de-
feat the policy-holders' own ticket and
re-elect the administration ticket
Why??? Mr.. Rosenblatt is not run
ming for any salaried office, and only
consented to act at the earnest solicita-
ton Of Policy-holders in Illinois. Ohio
and New York. He is an attorney of
considerable experience and has the
additional advantage, for life insurance
purposes of being a physician. and
member of the American Medical AssO-
cation and other scientific organiza-
lions. Vote or send him your proxy;
you owe it to yourself, your family and
to the other policy-holders to vote the
policy-holders' ticket exclusively and
thus install one representative out of SO.
THE CAMPAIGN COMMITTEE.
Motel have been personally ac-
quainted with Mr.. Sol RosenbIatt for
many years He is a thoroughly honest
and reliable man. 1 can consc!encious-
ly recommend him for any position of
trust B. M DAVIES.
Cannib.1 r1- IL,