of their own personal affairs, and is largely exercised for their personal enrichment.
2d. That the policy-holders have absolutely no voice in the management of these companies or the control of their funds, because of the manipulation of proxies in the New York Life and the Mutual and the control of the stock of the Equitable.
3d. That those who do control the big companies are votaries of the "System," and as such are subject to the "System's" orders as absolutely as is James Stillman, president of the "Standard Oil" National City Bank.
4th. That the insiders of these insurance companies, not one but several of them, have accumulated fortunes in the past few years, of from one to twenty millions, while at the same time premium-rates have advanced and dividends decreased.
5th. That under the present methods of conducting these great companies it is as inevitable as it was in the case of 520-per-cent. Miller or Mrs. Howe's Woman's Bank, that as soon as they can get no more insurance, the funds behind the old insurance will be dissipated and a crash take place such as the world has never known before.
6th. That the companies are "milked" in every direction, through the purchase and sale of real estate, through the loaning of their millions, and through the manipulation and investment of their funds.
7th. That they acquire new business at an expense and by methods which alone will in time wreck the companies.
8th. That in a single instance the New York Life sold securities for $5,839,087, but its statement under oath to the State Insurance Departments showed receipts of only $3,075,392.
9th. That the New York Life sold the stock of the New York Security & Trust Company, which it held, to its insiders