Show SAMUEL YER MAKES VERY VIGOROUS PROTEST Counsel for Policyholders Committee of New York Life Sends Letter to President Orr Regarding the Effort of the Officers ro 0 Secure Proxies New York Un counsel for the policy holders committee of the New NewYork i York LIfe Insurance company today sent a letter to Alexander E OtT Orr pres president ident blent of the New York Life protesting in the name of the policy polley holders against what lie he terms the extraordinary nr nary effort that is being made by the officers of the company compan to obtain proxIes proxies Ies for the annual election which Is to tobe tobe be held early in April Mr Unterm ers letter explains the objection of the committee and de declares dares clares that no election should be held until legislation affecting the insurance insurance ance business is passed Makes Vigorous Protest Addressing Mr Orr Mr says that as the representative of up upward upward ward of policy holders In the corn com company pany he has been Instructed to protest in their behalf agaInst the extraordInary extraordinary use that Is being made by you and your of the agency force of the company who are e beIng pressed Into the service of soliciting proxIes for the reelection of yourself and as associates associates as directors at enormous ex expense expense pense to the policyholders policy holders r 1 ant am Informed the tha letter contin continues I ues that within the past few days yoU sent out from your head office to your entire agency force throughout the country telegrams urging them t collect proxies I have before me one on of a number of printed letters and cir circulars circulars issued from your head office sIgned by the cashier of the company with an accompanying form of proxy addressed to policy holders enclosIng a bIography of the directors and officers core cers whom you seek to reelect in includIng eluding yourself This proxy Is to John Claflin Oscar S Strauss and Clarence H Mackey of whom bi biographies biographies are also enclosed printed at atthe atthe the expense of the policy holders Sent Out at Great Cost ulf If these documents have been sent to every policy holder the cost to the company of postage alone would b about and the cost of print printing printing ing as much more How you justify such expenditures to say nothing of the manifest impropriety of such ac action action tion at thIs juncture I fall fail to under understand understand stand These documents are coming to us Ug UgIn In great numbers from infuriated pol polIcy polIcy Icy holders with the tIte request that our commIttee take some action to prevent your thus wasting the money of the pOlIcy holders in the attempt to re return return turn yourself to office |