New-York tribune., 1905-12-28
WANT DAVID B. HILL.
armstrong Committee Anrious to
Examine Er-GOUermOr.

b.
Armstrong committee is anxious to examine and
is trying to get hold of. Mr. Hill drew 5000
year from the Equitable for several years. The
ex-senator has been asked to appear before the
committee, but he has pleaded sickness so far, and
it is doubtful his testimony will heard in the
short time remaining.
The Fowler committee OF the New-York Life
had another session of several hours yesterday, in
which it resumed its consideration of the Hamil-
ton statement The statement is said to be far
from satisfactory to the members of the commit
tee. and cit has been practically decided to accept
the Judges offer to put 100000 in the hands of
the New-York Life trustees pending final adjust
ment of his accounts with the company. In the
mean time the committee will do everything in its
power TO clear up antiquities in the state
ent and particularly to learn the details Of those
hidden legislative transactions about which
Judge Hamilton speaks in such general terms.
John A Mccall will be called later to tell what he
knows. The Fowler committee has not yet been
asked to grant transcript of its records to the
Armstrong committee. but it may be asked for
before the end of the week.
Yesterday was a busy dayV among the insurance
investigators The trustees of the Mutual Life
held of the longest sessions of the year, and
received report from the Truesdaie committee
and also conducted a personal investigation into
the transactions of various members Of the board
in Lawyers Mortgage stock. The report of the
Truesdale committee chiefly statistical though
it dealt to some extent with the question of sal
aries But it was not considered of sufficient i'm
portance to engage the close attention of the board
in view of the other questions come before it.
and it laid aside until the meeting next week
Wednesday.
LAWYERS MORTGAGE DEALS
The question of the Lawyers Mortgage deals,
however, brought about spirited and acrimonious
debate Frederick Cromwell. president pro tenn. Of
the company, led the fight for those members of
the board who had been concerned in the affair,
and against the determined opposition of the
element under the leadership of the TruesdaIe
committee succeeded in having adopted as the Off
cial statement Of the board the following resolu-
ton:
The President referred to the discussion in the
public press in regard to the purchase of the stock
members of the board. He stated in most emphatic
With b a[ 5naI mas @ had no relation whatever
way from any conversation, or from any transac-
ton relating to the Mutual IAfe that as treasurer
of the company at that time all offerings to the
company were invariably brought to his depart
utes Of the finance committee discloses that the
STOCK was never onered TO. or even considered by,
The whole matter upon investigation proves to be
purchased 1000 shares Of the stock at the Price Of
issue and who gave some of his friends an oppor-
AS an officer of the company Mr. Cromwell stat
ed that the Mutual Life had no association with
the transaction, and as corporation no knowledge
of the offer to sell the stock.
TO DROP SOME AGENCIES
After the meeting had adjourned Julien IT
Davies, general solicitor for the company and one
of the trustees, announced that a large number of
reports from various committees had been received
and that among other things it had been decided
to abolish the Australian and Copenhagen agencies
of the company. Also, he said, the first of the
year the five general agencies would cease TO do
business a commission basis.
This means the end OF W. H. Raymond & Co. as
general agents of the Mutual Life. They are to
be dropped entirely and their place will be taken
by fourteen branch agencies of the company scat
tered over the metropolitan district Preparations
to this end said Mr.. Davies, had been going on for
more than two years. While Raymond & Co go
out of existence Louis G. Thebaud, son-in-law of
Richard A McCurdy, will continue to draw his
s13SOOO year from renewals of old business this
contract still remaining in force. according to Mr.
Davies.
Neither Richard A. McCurdy nor his son. Robert
H McCurdy, was present at the meeting. though
both are trustees. The president. Charles a.
Peabody, and Emery McClntock were elected
trustees to fill the vacancies caused by the resgna
tior of Eihu Root and Rufus W. Peckham Mr.,
McClintock is the actuary of the company, and, in
addition to being elected trustee was elected a
yice-president As Mr.. Peabody is not a practical
insurance man. Mr.. McClintock. it was said. would
have charge Of the technical end Of the company
affairs taking tho place of Robert II. McCurdy.
who will retire as general manager January l.
Mr. Cromwell, the acting president, has said that
he would cease to be treasurer Of the company
after the the year, but Mr.. Davies said that
Cromwell had not resigned ana tnaI MS sue
cessor as treasurer had not been elected No resg-
nations had been presented al the meeting he said.
and contrary TO rumor VicePresidents Gillette and
Grannis did not resign.
There is no end to the retrenchmeuts we ara
putting into force" said Mr. Davies; they affect
salaries and business methods all along the line"
Another insurance committee that busy yes
terday was the standing committee of the Chamber
OF Commerce Anton A. Raven, the chairman; Rob
ert c. Ogden. Elijah r. Kennedy and Charles f.
rba lob he
made to the full chamber next week Thursday.
ports were also handed in The committee viii
to the chamber. 1t is believed that the report will
Mccall is a member of thic committee, but he did
not attend the meeting yesterday.
An Equitable directors meeting also sched-
uled at which Senator Depew's resignation to
he accepted few directors to No 19O
Broadway. but 1t a holiday crowd and a
quorum could not be obtained
MR. JEROME AT CITY HALL.
While the Insurance investigation was proceeding
yesterday in the City Hall. Mr. Jerome came in for
a short talk with Mr. Hughes. The District At
torney was keeping a close watch the progress
OF the INJURY. Mr.. Cromwell. OF the Mutual also
dropped iu but he told that his testimony
would not be needed yet Henry Rogers Winthrop.
books and papers.
JCmes Hazen HYDE sailed for France yesterday
The Mutual Life Poieyholders Association sent
the following cable dispatch the British policy
holders yesterday;