Show p POLICYHOLDERS M MUST i ORGANIZE u f International Committee of N Y Life and Mutual Says it is fr Necessary s ary aryIT IT MUST BE DONE THIS YEAR t il Opportunity II 1111 lo III II Obtain Control In III OW An l I I J york Vert July Jul Th al 1 r committee te to overthrow ti present of thi NT Sw w York Life Lite tom om t iw Md A 4 I th tho Mutual Ufe Insurance r M f New York or effected f ff led a i per ler lerI er malIt I organisation at lit a m tier hera t a by b b thy of 01 bt the hC fallow Illow fallowing ing In officer ofIe Richard Oln of if I ehu n v J Frank tt 01 f Indiana executive to tee Alton leun IL II of III 4 New York Go ov J K E Johnson of ot I Charta ChAri Smith of 01 Philadelphia X Hlf of it I III A M 1 bok Jt of I Gov Un Henry lit II r of 10 ov mull W v Inn ker of 0 Finance Thoma H B Wan Wit I of nl F U tJ 1 1111 of nt 1 Fain N Nw 1 of f r Utah tb Hamu amu 1 lint r f r rY 1 New York Y Seymour haton fa IM rI lr 0 O K U tier TM general genrI committee formally add addin addId in Id d to tu the Hit lilt of 01 ltd Itu member the Ih I rf rl I Lord Lon St B and d M I It 1 to 10 the Huh Aft r the th Ih mating lt jawed an It t tO tn I explaining th the Inception i of ot the Iho committee and outlining It tt pl pta m I 01 of notion that theL the th v y il lE K pou r has ha 4 l J fn from torn the Ihl th to a II few officer rent ere I In Xo X Vow York the Ihl addren my lilY yI thai that It 8 ItI I IR fur for In th policy policyholders holders to delay MillY aa a I tills Ihl YeAr tinder the th law In en enacted acted afford aCord the Jl holders their only opportunity to tn II obtain complete control In one lIon while hlll h r half ht the director run n IH 1 i In nn one el The rhe text of fir tho th t Ic Ia I a u follow MIo i S AI j 4 To the th of ut r the X N w York Life company anil tin At Atthe t tr I r the of ami com representing In III Ii Our In tho th United Halt lat t j foreign the Ihl undersigned luc have contented to 10 art lIet an All a committee E to t represent your yr under the nm Of or the International Crt cri re nd herewith for your n n the th following f of faI FACTS Am IUT i two Iwo Insurance torn Om om j p ant mutual that It ii I to 10 tny th thy they r are ar owned by br their 11 accumulated of 01 over Or nt the tho which you U aa Mil OTH or ImN hC paM Th law require that the tte i of or a mutual company i hII from rom amon lv ill ll II III I Vho Wo hall hlll br lK rt K to sit all r for Ihl th Intelligent nt and ami faithful of 01 th ItI An it 11 Tim iliA law formerly stood It wag waa for th pol Haltered the theT T world OTIl tu hi vote Ott In Iii 1 M yen even after the th 7 agitation u l J there wore WOrt 2121 11 voted m flit mainly In the nl two to corn Om i out of OS a II total of Ht over 1 1 Ir t or lea le titan than of if I 1 I lr cent Third It gradually team a art re custom among amig the thu th om to h a e made out Ut to the Ihl or III r wine Mm other of nf leer fleer of 01 the Omny upon th ut or if the th H oIk lk In th Ih WHY Wa II the i wan wu i red rl from Jilt t the tu to a few fw of nf r the thi Ih cx 11 I om ern tf centered in New XI ew York I IUn BY Till F It u that j the control of or Ih tu t 1 i ni m I I gradually taken out oUI of the thc hands of lit th lb II i c J and ami tain 1 under lh lit ah oh h ht t ul Ion ii yf t f a Out fir of f this thin Ihl have hae n the Ibe estra aan ID s mill anil oilier nw son of or the parti ular of nr ere brought out nUl under I r by b the he t tal ing The pIC dl di director j teeter rector are arc still Mill In III murol and JId will re e remain eIn e main In In control directly I or r through h their own on you nt KI i doM II l II by y the Ihl th of 01 i in right richt of f ballot voting ell otin nil which hn hll I by re 11 recently I catl enacted law I Fifth At th lilt last JUI of 01 the lf leg I Iut of 01 th the state mate of II f New Nt York Tork the th Ih talt which the hi of thea th two to thiT thir t wu aa U a law la II III u to In K their ac ar actual J twit lUn right The law at lit the for ery r ro nt 1 1 of the Ihl evil ell It II can In CeU ceI all 1111 i issued an s that hat I ny n proxy imay 1101 given gIen In lii aol al AI lwe f of or Uv 01 t i 1 Ii 14 bP be old oid It F 11 th late for the III election of dl r cl tf It II I I ghe S to 10 the th l I Ithe the Uk 11 p i of lr their own on os t the Ih right of Bt vote VOl by to bal bet lot k k a as In ordinary elections election and to re rc record r cord that oC l by h niall nill We e UM Ute lb fat that now flOW ti I I the t only opportunity shy for rr complete control of o rt I at al one HM II election aa sJ Kere after under tri Ih the law lit only f r t the nr an n bt bf j chosen rh t n In any one line cn C Ctr tr III lp I 11 Il t f r Sixth T 1 ii me the th Ih i 11 qC fir f UI 4 H II law IR I It II In Is that the Ihl or Ir r imire Into litto 1111 such lot force ns AS to uro of 01 In III the pl of or for directors of ot If IJ r hai ha heen been formed In lii artous rrt rt of nt the United States In III foreign lOd mch Ih eh of or the th other oilier These associations have hao united In an nit to In your committee commit ci to 10 net lieI ct with the entire body boo of or pour tri tO the hi selection of for X iii for lor tilt the and 2 U 21 UrOr for the New York LIft The foregoing n anti the thc grave grA of trust that pave rise to tn such If i itIn tIn made the Ut of ul your committee Neither the lii corn com committee nor It Its general coun cl rl will vIlt 11 ar AfO arr a r pt t any C for their ser per u tres Our will be lit r irr en of or every svery H its Bit far lar III as po JIO pop but bul under the law ont nf nl each board mutt he hP resIdents vf of the he state Mat of or Now N York ork It will III be 1 no iso pert part of 01 the duty of ot Ihl I committee further furl to 10 the In I onga and abuse bUle some nil of nr which hov h t been lieen exposed by 11 thc tho recent and by II the I inquisition mi u Ml Ion of ol oll the l grand Jury Jun which Is Mill stIll under WI a the th brief triei time which th I committee was u able tlc to do doute vote ute 01 to that of or their hone It U wa was all Impossible for or thorn to 10 t touch loud upon 11 of or tin the banks and I trust runt companies or Of to RO go beroud tl the more mn of 01 the ht t which hlll Mere tere ft uncovered fill SPITS TO II l boat en begun to 10 recover moneys claimed rl to have b hen v n wasted or r lost loet and It ItI Itla I la ii charged that other oilier Mitts Milt he be hei i 1 The fhe further Ihl Iii pro of ef such Mich wilt aa as lm liac N hen isen en and Del the of Ir further suit aults If it any for lor will devolve upon Lb new nw manage management management e ment matters mattert will U constitute no part of ot the duty dUI of or thU thia committee It ft will reM res 1 with lIh you iou to determine whether mich effort efforts n to 0 M r can IM be with greeter greater soil and justice to lo you by th It Ui director the utti were rt I or director named by b them or by II a new management which hat baa had no connection with and ancl li I a un und d no obligation to the th old otti officer When ihen tom from the names name which we weno 1 no now noA Invite lIe you ou 00 to 0 submIt to 10 u us for foron ur on we have havo nominated can candidate Rn tot for directors we shall ahall have hate dl 11 lia hart barged harl d the upon UK us The election 11 lIon of 0 candidates candidate will III be entirely In III II your pour hand The director now In lit power have hUf nominated or will nominal rl for lor each aeb com pan r what In Is to tn tobe tobe be ba known a I af the administration ticket the th machinery of at which they thai now 11 con control ft trot through h their of or your C r property to tn detail defeat dlf t your candidates Jill and elect or their PIu CIt Aa All s your our In this thin cam fam campaign am we you Id lo 10 o the III influence which will be he brought to b bir r upon you oU b by the th he local paid pa and ancl to ID I e In this thin Ihl as In any 1 Sn othet 1111 your jour our own wn Independent and In iii In the tb ehnke e e of the ha theman haman man 31 who sh hu shall from Mit t II iii thee t forward ad it t I H 1111 the Ibe trustee of or your vintI If lf you I U a u a It policyholder wilt will Intelli Intelligent gent I y lite this his I choice MHd ilo t i u hat hili you ou ian 1111 to tn ad lib your OUr yourin I in me ll ic friends 1 who hn are a nr 1 II th I h toy y hal not nul be If by bj the th thI I un of r laid ald the Ih of or his h i 14 HI ill your tur ur li Ii I II a s It Jt U ii I not the purpose urpo of ot this move movement mo movement ment to disturb the actual working or organizations of 01 the these two to companies ox ex except c to CO 0 far lar as It may be bc to correct the abu abuses which ore lira the thy direct t trull result rull of mismanagement at the executive the tive centers center EXPENSES The of ot this thu moat mim IK be 1 borne by the policy policyholders hold en It Itco co tR over or to 10 place plue a circular clr ular In Inthe Inthe the hand liandi of ot all policyholder A t committee of ut finance will 11 have hac of 01 all receipts rt tl l and expenditure e mid will win see sec that nil all contributions r re lIed from Irom are expended In Ill their interest At M the completion 01 UI the Ih campaign a R detailed report II olli III be tit rendered I frider these thee and in 11 the I full rull that the Ihl movement Is I out nun I r f the moat Important h hll hac n ever ner nerI I fI Instituted In itt this his country c feels f free frio to 10 urge you OU us its a I r to lo forward to 10 the seere re t IH iry such aunt contribution I J 1 upward ac a you IU may consider It out OUI Ij to 10 Should tb bet give ex ox to lo such cuch a desire this thu commit committee tee will sill to 16 form rm a permanent organization lox which will a ill have hare the following for lor Its Ita objects Ob 01 OF ORGANIZATION ATo tTo To maintain a n vigilant I I inn In of or the conduct of ot the business 01 oj the Oln nels and to 10 o make an In Mill l nt audit of ot their books through char charit it ered red accountants employed 1 by b the or 11 To require rf tion among the Ih of 01 the Ih to 10 willed are ar entitled UK 11 tu to us III s tar far an as the H undue of or the Iii 11 vast ut ait lions linus which are arc I he prolific sources of or temptation to III anti and I 1 I To Tn furnish the th beneficiaries of or I the II mature by II death or nr otherwise p a means m of 01 ascertaining l whether the sum Mum that Ut In being n titTered litre by b th Ih the mOl foni a nv n is III the IIII full ull amount to II a j I I which the are Ire entitled Inder past pt and preg lr nt lIt conditions they the Ihl mutt must uk take what whal Is III unit ami have ban no 1111 Practical redrew rl r or 01 way a of 01 ascertain In ing K what hIlt Is III duo due rl them NO O prevent the Ih payment to the of or the o salaries the use U of the funds for or M purposes fl and In lit the cot cor of 01 legislative bodies bod 11 ETo J To see to It that the Ih or thereabouts of 01 storks stock of or bunks and Rn Iru t companies which whirl the Ihl ore Are to sell iet II within five nn fly yearn l r are arc od of to the 1116 best bt t advantage of 01 the ho K I To you ou from time Ume to time lime concerning the Ih candidates for tor directors director that are presented nl d for lor or election by b the he administration and an If Ir to 10 nominate opposing fn candidates and to endeavor to restrict the operations of or the to the lie legitimate le score scope of or the Insurance bIl hll The Th of 01 New XI York after nUel thorough t Investigation Ion by ity II the I he most 1 startling exposures x of 01 the he meth methods ii of or the Ihl officers anti and directors In the conduct c of the affairs of or your Our rOIl coot j AMPI in substance anti and effect has han le tie leclar clar e these th directors to 10 be unfaithful trustees trual t I or nf the rElI ler i cr to their charge o tins has hn legislated them out o ut of or has baa cello alho l upon the l to lo choose h e new III directors The nominations nomination for now new no directors by IJ b y this thu committee will In due time limo be submitted s I to 10 the 1 1 lImIn TO UK II DONE DONEIt 1 01 It ItH as decided 1 ld that when th the coin Mill mil t l t adjourned It 1 would bo he nt fit the Ihl theall call all c of 01 the hair chair was empowered to t o vail mil a meeting any fin time after HUeI 10 II lays Ilaa notice The immediate work to IK II done lne will devolve on the executive committee Is h expected to hold frequent meetings II In lit New York Ihlia i nM elsewhere Till The committee l hits as until Hept ept 18 it to 10 flit fill the names for lor directors to In he be voted for tor by h the tho Pour policy holders bottler The administrations of 01 tie the two 10 are l by b Uw hi to tofile tofile file fill their heir with a list of 01 before July 18 S Tho The vot voting voting ot ing HI continue from trout Oct U IS until Dec cc IS It when the ills will close IN I 1 1 ON London July Jul 9 LA IIA A preliminary meet meetIng Ing lug of IIII lii policyholders committee was waa held here hera today ad all tomorrow |