New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-07-08
MR.. BEERS WANTS A RETRACTIoM
HE WRITES A LETTER REGARDING THE CHARGES
An,1NSr HIN AND TILE NEX.YORK LIFE.

TIE WRITES A LETTER REGARDING THE CHARGES
AGAINST HIM AND TIE NEw-YORK LIFE.
President william II. Beers, of the New-lork Life
Insurance Company, reached his Office shortly before
eleven O'Clock yesterday morning. There was no uS
usua stir caused by his advent beyond the welcome
extended By his associates With these the charges
made against the management of the company, and
himself I'm particular, were briefly discussed. letter
TO the Editor Of The Times" was promptly prepared
DENYING In general way the charges and demanding
rctracton This Is the letter thut was sent:
During my absence IN Europe there have appeared IN
your paper series OF defamaory articles and editorials
relative to the NewYork Life Insurance Company ana iS
oocers and trustees These articles and editorials are
full Of faisehoods and manestly malicious ond wero
instgated by persons having personal an
mostly towards the officers of the company ana ueSnS
20 do the company and It's officers injury
am informed that she counsel Of the company has
bcen instructed to take such proceedings deemed
best 20 protect Of the company, and In such
acton I heartily concur.
So tr as oncems myself the articles referred to are
full OF fase and wanony malicious Statements Many OF
them are 80 manfcstly absurd to call for no reply Q"
my part would deem necessary to take any hOucc
q any OF IT not that the interests OF the com
pany Of which president are, 10 some extent bouhu
up wish the reputation OF It's officers and OF Hysch ~
It's president. l not yet had opportunity oil ex
aiming all the articles since my srriyal from Europe
Yesterday evening" but attention mas been eaco "
few statements which grossly libeous ana SO aD
sOlut d
uuon 10 nc once demand "a Tetfacnon. The Statements
,et 70 are 10 the effect that paid MeHbachePs expenses
10 Europe; that have supplied him with money "hiio
there supporting him IN great luxury q; me Lahghalh
Hotel; That 1 have been cohsortln8 WIN
him, that have had one-thrd inter-
est In the profits Of the SPANISH American department.
that have specuated connection with McFzbachef In
Wa Street, aud chat have caused the books OF the
Spanish American department 90 be removed from hi'
country IN order 10 avoid investigation; also that am
ehn Danpe vlN anfa
and every one Of statements IS absolutely ana I'M
qualinedly false. have not now nor have ever had
any interest IN any contract with any agency nave
not In any way assisted Mezbacher to or in Europe, or
furnished him with money directly or Indirectly or con-
sorted with him I request immediate rctracton by
your paper OF these statemcnts
You stated on the Goth Of June, coming from one
who had for twentyfour years name not gVcn
that 1 never would return to this country This was
repeated several forms and shapes At that moment
was my way home 90 meet the outrageous
charges which have appeared iu your columns DOCS IL
not occur you that tho baseesncss OF these statements
some proof baseessness of all the other state
m,nts qhcn 10 you from similar sOurccs9 VIII only add
that inslnuaOns constantly repeated In your paper
that to Europe from some sinister motive or with
any desire AVOID any examination into the Merlbacher
matter equally false with the other statements above
referred TO- have been the habit Of going to Europe
for years the business Of the company, and
my visit this year was of similar character
WILLIAM II. BEERS, President
AZ tho 0fice OF MI. beers IL was S'bd bldI Ine
papers in the 100000 libel suit against The
Times" are in course Of preparation and will be
served In q few days Mr.. Beers has not yet had
en opportunity TO read all the details of the pub
sed charges, He regarded certain statements, how
ever of such scandnous character that he felt
called upon TO write at the letter printed above
Il Is understood that the examination being con-
Quoted under the direction of the State Insurance
Superintendent which has been In progress for moro
than two weeks, Is about ended The assets IN inc
vaults amounting to about S6000000O, viii be re
pOrted upon and ex-Tax Commissioner Coleman will
appraise the read estate held by the company.