The Atlanta Georgian. (Atlanta, GA.) 1906-1907, July 10, 1906, Image 5

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THE ATLANTA GEORGIAN. TUEHDAY, JULY 10, !**>. You May Be One and Don’t Know It. Why Not Try Your Hand? We will Give to the One Writing the Best Ad About this Label FIVE DOLLARS IN GOLD This contest will be open for two weeks, beginning July 2, and ending July 14. Xo proftssional ad writer or member of Atlanta Typographical Union will be permitted to compete. Ads to be written for space of 5 inches across 2 columns. For any infor mation CALL OR WRITE ATLANTA TYPOGRAPHICAL UNION, P. 0. BOX 200 SON MA Y BE THE MEANS OF REUNITING THE CORE YS POLICYHOLDERS URGED TO OUST OLD OFFICERS Committee Issues Address Calling For Organi zation to Defeat Present Management of Mutual Life and New York Life. By Private Leaaed Wirt. New York, July 10.—For the purpose of nuatlng the present managements of the Mutual Life and the New York I.lfe Insurance companies, the Interna tional policyholders' committee met here yesterday, elected officers and Is sued an address to the 1,100,000 holders of policies, outlining tht Issues In the fight. • The committee adjourned subject to the call of the chairman, alter ten days’ notice. In the meantime tho ex ecutive committee will take charge ol the details of the Immediate work and will hold frequent meetings In New York. Philadelphia and elsewhere. Voting Begins October 13. The commltteo has unUl September 18 to Ale Its nominations of dlrectprs, who are to be voted for by the policy holders. According to law, the admin istrations of ths two companlts are re quired to Ale their nominations before July 18. The voting Is to begin Octo ber 18, and continue until December 1R. In part, the address to the policy holders of the Mutual and New York Life Is as follows; . "These two Insurance companies are mutual companies; that la to aay, they are mvned by their own policyholders. The enormous accumulated assets of over 1900,000,000 represent the premi ums which you as policyholders have |«ld. "The law requires that the policy- holders of a mutual company shall elect from among themselves directors who shall he responsible to all policyholders for the Intelligent and faithful man agement of the company's affairs. Aa the law formerly stood. It was practi cally Impossible for the policyholders scattered throughout the world to vote. In 1905, even after the agitation be gan, there were 2,628 votes cast, mainly proxies, In the two companies nut of a total of over 1,200,000 policy- holders, or less than 1-5 of 1 per cent. Voting Power Transferred. "li gradually became a'recognised ot»twmoooooooo«K>oooiKHKH9 HERE ARE THE MEN HEADING MOVEMENT. $500.00. The above reward will be paid lor such evidence as will lead to arrest and eonviotion of the party or parties who maliciously cut a number of wire* on cable pole at corner of Peachtree and Seventh •treets, during Wednesday night, April 19, or Thursday morning, April 20. • A like reward will be paid for such evidence as will lead to the srrest and conviction of any per son or persons maliciously inter- fering with or destroying the property of this company, at an/ point Southern Bell Telephone and Telegraph Company, J - EPPS BROWN, General Manager. Officers chosen for the Inter national policyholders’ commit tee are: Chairman—Richard Olney, of Massachusetts. Vice-Chairman — Governor J. Frank Hanly, of Indiana. Executive Committee—Alton B. Parker, of New York: Gover nor J. D. Johnson, of Minne sota; Charlea Emory Smith, of Pennsylvania; Hnrlow N. Hig ginbotham, of Illinois; A. M. Shook, of Tennessee; Governor Samuel W. Pennypacker, of Pennsylvania. Finance Committee—Thomas B. Wanamaker, of Pennsylva nia; F. G. Neldringhaus, of Mis souri; Samuel Newhouse, of Utah; Samuel Entermeyer, of New York (of counsel). Secretary—Alton. G. H. Scrugham, organiser. a a o 0 0 o 0 0 s o 0 o 00000000000000000000000000 custom among the officers to secure through agents proxies mads out to the president or some other officer of the company upon the delivery of the poli cy. In this pray the voting power was gradually transferred from the policy holders to a few of the executive of- fleers centered In New York. "Thus It came about that the con trol of these two companies was grad ually taken out of the hands of the pollcyhMders, and came under the ab solute domination of a few executive officers. Out of this system have grown the extravagances and other abuses, some of ths particulars of which were brought out under legal pressure by the Armstrong Investigat ing committee. The self-appointed di rectors are still In control, and will re main In control, directly or through their own nominees, unless you, as pol icyholders, decide otherwise by the ex ercise of your right of simple ballot voting, which has been restored by re cently enacted lawa. "At the laat seaslon of the legislature of the state of New York, the state which Issued the charters of these two companies, there was enacted a law which gives to policyholders thslr ac tual voting rights. The law strikes at the very root of the evil. It cancels all previously Issued proxies, and pro vides that any proxy given In advance of October 1R, 190R, shall be void. It flxea the date for the election of of ficers. It gives to ths policyholders the privilege of nominating their own can didates, and the right to vote by ballot as In ordinary elections, and to record that vota by mall. We emphasise the fact that now Is the only opportunity for obtaining control of your properties at an election as hereafter, under the law, only one-half the directors can be choeen In any one year. How to Get Benefit "To receive the benefit of such a law. It la necessary that ths 1,200,004 or more policyholders should organise Into such working force as to secure harmony of action In ths selection of candidates for directors. Associations of policyholders have been formed In various parti of the United States and In foreign countries, each Independent of the others. These associations have united In an appeal to your committee to act with the entire body of policy holders In ths selection of candidates for directors, thirty-six of the Mutual Life and twenty-four of the New York Ufe. "Neither the committee nor Its gen eral counsel will accept any compen sation for their services. Our nominees will be representative of every section aa far a* possible, but under the law. one-half of each board must ba resi dents of ths state of New York. "When from the names which we now Invite you to submit to us for consideration we have nominated candidates for dlrectore, ths elec tion of these candidates will be entirely In your hands. The directors bow In powsr have nomi nated or will nominate for each com pany what Is to be known aa ths ad ministrative ticket, using machinery which they now control through their possession of your property to defeat your candldatsa snd elect themselves or other nominees. * "Disregard Influences." ’As your representatives In this cam- MODERN PRIVILEGES Or In Other Words the Ser vant Question Is At Last Solved. pafgn,-we advise you to disregard ths Influence wh|ch will be brought to bear upon you by the local paid agents, and to exercise In this, as In any other election, your own Independent and In dividual Judgment In the choice of the men who shall from this time forward act as the trustees for your Insurance savings./ “If you as a policyholder will Intel ligently exercise this personal choice and do what you can to so Instruct your Immediate friends who are poli cyholders as that (Jiey shall not be misled by the efforts of paid agents, the object of this cantpalgn In your Interest Is assured. "It Is not the purpose of this move ment to disturb the actual working organisations of these two companies except so far os It may be necessary to correct the abuses which are the direct result of mismanagement at the execu tive centers. Up to Ntw Management. ’Certain suits have been begun to recover moneys claimed to have been misappropriated, wasted or lost, and It Is charged that other auits should be commenced. The further Investiga tion, the prosecution of such suits aa hava been begun and tha commence ment of further suits, If any, for res titution, will devolve upon the new management. Those matters will con stitute no part of the duty of this com mutes. "The expense of this campaign must be borne by the policyholders. It costs over 150,000 to place a circular In the hands of all policyholders. "A committee of finance will have charge of all receipts and expenditures, and will see that all contributions re ceived from policyholders are expended In their Interest. At the completion of the campaign a detailed expense report will be rendered. Contributions Needed. * Under these conditions and In the full belief that this movement Is one of the most Important that haa ever been Instituted In this country, your committee feels free to urge you os a policyholder to forward to' the secreta ry such voluntary contribution (from (1 upward) as you may consider It your privilege to make. "Should the policyholders give.ex pression to such a dsslre, this commlt- tte will endeavor to form a permanent policyholders’ organisation. which shall have the following among Its ob jects: "(a) To maintain a vigilant super vision of the conduct of the business of the companies and to maka an Inde pendent audit of their books through chartered accountants employed by the association. To Prevent Temptation. (b) To require the annus! distribu tion among the policyholders of the dividends to which they are entitled; and to prevent aa far N ao possible the undue Increase of the vast accumu lations which art the prolific sources of temptation to mismanagement and waste. "(c) To furnish ths beneficiaries of the policies, which mature by death or otherwise, a means of ascertaining whether the sum that la being offered by the company Is ths fall amount to “(d) To prevent the payment to the officers of ths companies of exorbitant salaries, the- use of the companies’ funds for political purposes, and In tha corruption of legislative bodies. "(s) To see to It that the 222,000,- 000 or thereabout! of stocks of banks snd trust companies, which the compa nies are required to nil within five years, are disposed of to the beat ad vantage of policyholders. To Restrict Operation. "(f) To advise you from time to time concerning the candidates for directors that are presented for election by the administration, and. If necessary, to ASSESSMENTS FIXED FOR STATE PRIMARY The auticnmmlttee of the Fulton county Democratic eirrnttra committee met today In the office of Dr. A. II. Vandyke, chair men, for tho purport of arranging the go. tolls of approaching state Democratic pri mary, and also mode arangemea(g for Uii •election of. candidates for Judge of thi superior court, Atlanta circuit, and treas urer of Fulton county, In tha atata prl mary August 32, BIOS. " Candidates for governor ware assessed 2900 each, candidates for Judge of the su perior court were assessed IU0 each and candidates for county treasurer ware aw aesaed tn each, .la the aplrlt of econniuy th-'^ candidates were aiaeesed leas that The’ assessments most be paid to C. N. Allen, secretary and treasurer. 507 fioold building, by the last stroke of the comity court nouM clock, noon, August 1, 190*. MOSQUITO DESTROYER DISCOVERED AT MOBILE Special to the Georgian. New Orica n*. L«„ July 10.—"Pjrofnme, new substance for use In destroying moa< qultoes of the yellow fever breeding va riety fstegoiuyla fascists), l> attracting much Intercut among the health authorities here’ and In other gulf coast atatea, where yellow fever has been prevalent In cent years. Dr. J. II. McCormick, of Mobile. Is tbs dlacoverer of the ntw method of exter mination of the pest, and Passed Assist ant Surgeon Francf*. of the marine hos pital service, at Mobile, has developed It Pyrofume Is derived from a fractional distillation from pine wood as a by-produce In the manufacture of tnrpentlne. I clear liquid of a straw color, with a . . . P nt taste and the odor or nine woods. Is harmless to mucous membranes, fab rics, colors, metals sud [mint work. “ Is burned In order to have effect. GRESHAM ASHFORD SHOE CO. 93 PEACHTREE ST. nominate opposing candidates, and to endeavor to restrict the operations of the companies to the legitimate scope of the Insurance buslnese. “The legislature of New York, after thorough Investigation, followed by the moet startling exposures of the meth ods of tha officers and directors In the conduct of the affairs of your compa nies, In substance and effect, has de clared these directors to be unfaith ful truatees of the great Interests com mitted to their charge, has legislated them out of office, and has called upon the policyholders to choose new of ficer*. “The nomination, for new directors by this committee will. In due time, be submitted to the policyholders.” PRINTING, BINDING AND Novelty ADVERTISING LITHOGRAPHING F. E. PURSE, 14 to 18 EAST MITCHELL ST. BOTH PHONES 254. We show here a type of gas range which must appeal to anyone as being practical, common sense and convenient. Access is easily had to the broiler, bake oven and cooking top without stooping or bending. Full view of the baking and broiling is a great advantage to the cook. In no stove yet constructed is this better obtained. This range differs from others of its type now on the market, in that it is largely made, of cast iron and is as substantially built in every respect as it is possible to make it. All of the latest improvements and best constructions have been therein embodied. It Helps Make Life Enjoyable With the finishing Touches to the cooking, you are ready to devote tho bal ance of the day to the beautifying of your home. You can go at your fancy work, attend tho children and be on good terms with your husband. But with a coal stove it’s different. You aro married to the stove forever, and if you get to look out of the window you are lucky. You neglect your home and family. With it you never reach the finishing touches. And in the long run it will finish you. Use anJGstatc Range and you will always finish your day’s work early and have time for recreation and pleasure. We are pleased at any time to demonstrate the many advantages of the Es tate Stove or Range. King Hardware Co., 53 Peachtree. 87 Whitehall. GA, WEEKLY PRESS ANNUAL MEETING! Special to The Georgies. Hartwell, Go., July 14.—Tbs program j for the annual meeting of ths Georgia ■Weekly Profs Association, which meets July 17 and II, has been Issued snd Is as follows: Monday Evening, July 15. Informal reception to tho editors and I thslr ladles at the oourt house park. Tuesday Morning. July 17. 4:10 o’clock—Assemble at ths court house. Called to order by the president, Mr. r . B. Coleman, of The Cedartown Standard. Prayer by Rsv. M. E. Peabody, of Hartwell. Address of welcome by lion. W. L. Hughes, Judge of Hartwsll county court. Announcements by the president. Roll call and reading of minutes. Reports of officers. Payment of dues. Enrollment of new members. 4:20 p. m.—Carriage drive by the cltlsens of Hartwell. 5 p. m.—Barbecue at the ’Cue Club grounds. Evening 8e*elon. 8:24 p. m.—At tho court house. Paper, "Genrfta’i Present Peril: or, I What Shall Ws Do With Our Whits' Children?”—Mr. S. It. Blanton, of Tho Calhoun County Courlsr. Papsr, "Ths Black Linos of Gsorgla; How Boat Can They Bo Wiped Out?”— Mr. John T. King, of The Rochslls New Bra. Paper, “Bypaths In ths Life of a Country Editor”—Miss Martha C. Bass, of Ths Clarkesvllls Advertiser. Address, "What Shall We Do With ths Rich as Well os ths Waste Places"—Hon. S. C. Dunlap, of Gaines ville. Wednesday, July 1S. 4:24 s. m.—At ths court house. Paper, “Some Suggestions, If Tou Would Believe Ms’’—Mr. Hen F. Per ry, of Ths Canton Advance. Paper. "Shell Ws Never Get Down to BusIneesT’’—Mr. L. Hurd, of Tha Tallapoosa Journal. Papsr. "A Few Jolts; In Just the ROUND TRIP Summer and Convention Rates. Round trip Summer Excursions from all points East to Pacific Coast and Northwest from Juno 1 to Sept. 15, with spccinl stop-over privileges, good returning to Oct. 31,1906. N. E. A. Meeting at Los Angeles, July 9-13. i Elks Meeting at Denver, Colo., July 16-21. * Summer rates to Colorado, Juno 1 to Sept. 30. Hotel Men’s Convention, Portland, Ore., June 25-29. Use the splendid through service of theSOUTH- ERN PACIFIC from New Orleans; UNION PA- CIFIOfroin Kansas City to Chicago. Through Pullman Tourist curs from Washing ton, Atlanta, Montgomery, etc., and from Sfc.Lou?s and Chicago to California. Write mo for literature and information. J. F. VAN RENSSELAER, General Agent. 124 Peachtree St., Atlanta, Ga. R. O. BEAN, T. P. A. G. W. ELY, - T. P. A. General discussion; five-minute talks. Unfinished buslneea. Nbw bUflDMa. Selection of place of meeting. Election of officere. Adojurnment. Wednesday Afternoon, July IS. Leave Hartwell for Franklin Springs, TO BE PROSECUTED Special to the Georgian* meat trust In thla Hty. which ha chars AT THE MARION. Percy Jackson, Macon; Ileuule Crawforil and wife, Marietta; It. F. Walker, Macon; II. fl. Lowe, Oriffla; It. B. Burnett, Mrs. It. B. Burnett, Elisabeth Burnett, Monroe; J. W. Oglesby, Jr.. Quitman; George M. Wright. Geotgla; W. T. Paulk, wife and daughter. Fitter raid; Mlae ft. Wlleon, Al bany; J. C. Wardlaw, MU!edgartl!a; Dr. O. W. Roblnaon and wife, Macon; K. D. Hollenbeck and wife, Amerfcus: J. W. Iterry hill. Mill town; Edgar T. Whatley, Maraaoah; K. M. Cole, Newaaa: V. II. Taylor. Luke; W. T. Williams. Ash hum; J. B. Hlmmrnis. Torroa: Hobart lirlllllan. t’larkerllle; J. B. Oglesby, Quitman. AT THeTrAGON. B. Barton, Monticello; II. II. Perry, flalueerllle; .X. II. Hoiaton, Macon: I*. L llllamnn. Jr.. Albany; W. M. Meadows, Macon; 0. It. Ulean, Dablonega. AT THE PIEDMONT. Ham Tate, Tate; J. A. W. Clark sod wife. Augusta; II. W, Clark. Aagtmta; K. K. Wllroj, Valdosta: R. V. Wood, Cedar- town; Dr. C. Van Wood, Cedartown. AT THE KIMBALL. J. It Brock, Trenton; J. I>. Htewart. Athens; J. W. Cameron, Cardelo; Ralph McKrnile. Haraanah: V. T. Hanford. Borne; J. L. B. Htereba, Athena: E. C. Harrell. Idpton; Ethridge Cotta, ritsgerald; W. I- Baldwin. Dewmii; W. C. Fowler. Col am- ban; Job T. Robertson. Monrne; J. o. Perry, Camille; M. M. Parka Milt* K. IS. tiro ham, McRae; C.O. t)|t» vannah; C. D. Read. Wareroeo; Haraanah; Mrs. D. B. ware | J. P. Moore, rtaaton: «£ W. brass; J. W. Bennett, Way Harrow) Athene. BROKER KILL8 HIMSELF IN A GOTHAM HOTEL. By Prirnte tensed Wire. New York, July 10.— to a room at the Waldorf A (torts, Norman O. Leop old, a young broker, killed himself by shooting. Financial troubles are thought to bo responsible. He wrote a letter to n friend bidding him goodby, and thla atmrted a search for the young man. Hla name was found on the hotel register, and when the door was broken In ha was found dead, lying on the bed. FOR COUNCIL. I respectfully announce myself a cAnri rijite for council from tha Second Ward, subject to the white primary on August 22. PRESS HUDDLESTON. I respectfully announce myself a candidate for council from the Third ward, subject to the white primary on August 22, C. W. MANGUM. MACON C. SHARP, For eouaty treasurer/ subject primary «*n Ana