New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-12-07

Thomas r RYAN. who bought James Hazen
Eyde-s@ controlling stock In the Equita bic. viii
be asked to testify before the legislative com :
mittee next week. This was definitely decided
on at a meeting Of the committee on Tuesday
night. Mr.. Ryan will be asked incidentally as
to the reason of his payment Of S25O0O0O for
stock ostensbly worth only a fraction of that
sum. and also just what his intentions as
to the future of the Equitable. Mr.. Ryan's tes-
tfmony is looked forward to with keen interest
in insurance circles.
1t is said that yesterdays meeting of the
trustees of the Mutual Life was the occasion
of hot fight between adherents Of the Trues-
dale committee and their opponents over the
proposed amendments to the bylaws.
The meeting resulted, apparently, in a victory
for the Truesdale committee, the proposed
amendments and the committees report being
adopted The announcement that the trustees
would meet again tomorrow caused wide spec
ulation. 1t is said, further that a sub-com-
mittee was appointed to choose compromise
candidate for the presidency.
At the close of the meeting Acting President
Cromwell who is said TO represent the financial
committee stated that no successor to Presi-
dent McCurdy had been chosen. He said moth
ing had been done at all as to the presidency
question, but declined to state. whether the ques-
ton had been discussed at the meeting.
/
chosen was because of deadlock among the
trustees as to the candidate. One faction of the
society. it is reported, headed by George F.
Baker and Henry H. Rogers. is in favor OF
Charles A. Peabody for president Mr.. Peabody
being opposed by other trustees under the lead
ership of Stuyvesant Fish and Elbridge T
Gerry. Mr. Cromwell said that the principal
business of the meeting was the passing OF the
amended bylaws. These, Mr.. Cromwell said
were all passed unanimously. Mr.. Cromwell
wished 1t to be known that all the trustees were
working in perfect harmony
ANY surnise as to any differences between
the trustees" added Mr.. Cromwell "is without
foundation"
Mr.. Cromwell denied that any demand that
Robert H McCurdy be superseded had come up
at the meeting.
1t is believed that the Mutual LIES failure
TO select president yesterday will increase the
chances of Controller Grout. Mr.. Grout 1t IS
said has assured certain trustees friendly to his
candidacy that he is willing to accept the office
on his retirement from the Controllers chair
Controller CIRCUITS candidacy was indicated ex-
cIusfvely IN The Tribune several days ago.
It was declared yesterday that John Clafin
had been asked to succeed John A Mccall as
president of the New-York Life, but had re-
fused ii While no official senli-Official state
nlent could be obtained. it said that both
President Mccall and NiCe-President George w
Perkins will soon retire from the company. 1t
was later reported that Mr.. Mccall and Mr.
Perkins Will submit their designations at the
trustees meeting next week and that already
Nh. Perkins has rendered his own resignation.
statement which cambridge Colby made to
p Tribune reporter yesterday, was construed in
insurance circles as indicating that Mr. Colby
would not be asked TO testify before the COM
mittee. and that the question of veracity be-
tween Ex-Governor Benjamin b. Oden and
E H Hartman the one hand and James
Hazen Hyde on the other viii remain unset
tied.
Should the committee decide not to ask Mr..
Colby TO testify, insurance interests will draw
their own conclusions. pending the publication
Of the committees report
A Tribune reporter asked Mr.. Colby yesterday
if he had yet been subp9naed by the Armstrong
committee. Mr.. Colby said he had not been
subpenaed to testify before the committee, but
that some days ago. soon after his return from
Birmingham he had called upon Mr. Hughes. at