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Show $250,000,000 GRAFT CHARGED By L Ml Boston Financier Says Insurance Insur-ance Kings Will Yet Wear the Convict Livery. BOSTON. Feb. 27. In a series of communications com-munications Issued tonight Thomas "". I.rvson of this city, who for several months has been active in securing proxies prox-ies from policyholders in leading- life Insurance In-surance companies, states that ho is ready and willing to do all In his power to aid In tho passage of the laws recommended rec-ommended by tho Armstrong Investlgut-Ing Investlgut-Ing committee. Mr. Lawaon Issued thrco letters, one addressed to tho Armstrong committee, another to the so-called committee com-mittee of Governors, to whom he has turned over all Insurance proxies that ho has thua far secured, and a third to the policyholders themselves. Mr. L-awson's statement regarding tho proxies, he has obtained has been awaited with Interest In view of the fact that one of tho laws recommended by the Armstrong Arm-strong committee would Invalidate each and every ono of the proxies already secured. Cost Him Targe Fortune. In a communication to the Amstrong committee Mr. Lawson says, In part: "On behalf of scores of thousands of policyholders of thu New York Life and Mutual Jjlfe Insurance companies, I would respectfully submit: At an expense ot hundreds of thousands of dollars I havo collected sulllclcut proxies from policyholders to give me power at present pres-ent to control, all tho coming elections of botlr tho New York Life and Mutual companies I have turned these over to a committee composed of Governors of States and equally representative public men. "My reason for collecting such proxies: I had reason to believe the policyholders of thest two companies have been plundered plun-dered of from $175,000,000 to $23,0C0.Q00 which can bo recovered provided these companies aro placed In tho hands of honest, fearless men. "I believe that if theso companies are placed in tho hands of such men some of the richest and best-known men in tho country, who have systematically plundered plun-dered tho people for a quarter of a century, cen-tury, will bo sent lo Stato prisons for long terms." In a letter to tho Governors' committee. commit-tee. Mr. Lawson advised it to assure the New York Legislature that the committee commit-tee approves of the new election law provided pro-vided by the Armstrong committee. He I urges tho Governor's committee to do all In Its power to assist In the passage of I the law. Mr. Lawson advises the Governors' Gov-ernors' committee. In the event of the passage of the proposed law, to name a bewird of trustees "as near Ideal In Its composition as your honesty, fearlessness fearless-ness and abllty can formulate.'' Urges Political "Work. In a third communication, adressed to tho policyholders nf the New York and Mutual Life companies, who havo sent him their proxies, Mr. Lawson explained the situation and urged them to do all in their power lo aid in tho passage of the law In rogard to the conduct of the annual election. "Tho most effective work yon can do," said Mr. Lawson. "Is to cause your Governors. Gov-ernors. Stato Commissioners und different committees to serve notice on tho New Tork Life and Mutual that If thev oppose op-pose tho passage of tho law thev will he debarred from doing business hi vour State." f Mr. Lawson also speaks of an alleged 'socret contract In use by tho companies 1 which the Armstrong committee. In their I nvestigntlons, did not even learn the ex- I Istcnce of." |