The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1905-12-07
DEPEW HAS
RESIGNED
New York Life Chiefs Also
to Retire.
AFTER INVESTIGATION
Senator Chaunesy N. Dspsw May
Quit his Federal Post and
10 Abroad.
AFTER INVESTIGATION

NEW YORK. iIer. The Fvsisna
iinn ~ srnaiaF chaunrey n, Depss a.
q dir-rInr ~ tho Equitable iAfe AssuT'
anrs .s-iriy has i,srn received by Pres
idsni Merton
Pr-shi-ni MaTinn laid that the res
EQUATION Nanid o. acted upan "a a
meeting ~ ihs difs-.inn. on ber =,
R,nainf nrisrus letter vac very
hr.rf ne Ras daini Nnshinziun, brr.
I. aui Nas signed Tie iipn. rhannosy
A. nrisN Tir iriisf saiii
4 hefrhy tender my resignation ~
director nf No. ...s.,aiir i.ifr Assuf'
anrr sp'i~iy
f~nlimf iiriirWs rAlafl"nr" 49,
v Iiur.s hef"rr the Armstrong commit
irr il supposed a. have wvakrl"si his
dissemination o. .iirk. our ranian'
t.ngns frirrd ~ che ri,"f" Was q blow
ihai hr could scot frnd % lie admis.
sinus " the iHHi hr played in raising
salaries Wa. noi pleasing 10 hls friends.
nr.ihrg wfu iii,i satisfied with his 81
plnnsiDl ~ nhti be- dd 10 earn bic
salary 81 g-tuul yraE which was
paid g. hlr 40 90 iio iimr ihr EIulia'
bl- ir,.uh'rs irsHn
\ pes sisIi f'p1r. ras rnrftni in 10
liiiral ,inr'rs flni senator prrcw had
PREPARED hs htirf of resignation from
~" tu.iri siat's srnair. IT, was
depi,iy huri hI ZOO" ,ha.p criticisms ~
his actions To- tie Irs,s ~ tiis state.
aud ilir report hnd IL that be- Intended
20 quit polite, and 90 aiirpad for a long
stay.
Roth President John 4 Mccall aud
Vice President George ". Perkins 81
H. New York life Insurance com.
pany are going 10 retire from ofiicc IN
that company Mr. Perkins retire
mcni will probably take place soon and
Mr. McCaigs before the next annual
election u trustees 10 April
For several days there have bcen "a.
mors To- the en.rt that Mr.. Perkins
contemplated retiring NJ vic. president
Of the company next April. hut when
he was questioned ~ 60 the truth Of
the report all he would say on the sub.
jcci was. Il have nothing 10 say"
Mr.. Perkins will probably have
something 10 say TO his fellow trustees
at their next regular meeting next
week. for Il was said by one Of his
stanche-t friends on the board that Mr..
| Perkins some time ago let the trustees
know that they could have his re-ig.
nation.
There IL aud has been for some time
n division Of opinion among the trus.
tees ~ the New York Life ~ To the
propriety Of having President Mccall
or Mr.. Perkins resign while the legis-
lative committee is still doing business.
The trustees 81 the New York Life
have always contended that whatever
mistakes may have been made by 81.
Their Mr.. Mccall or Mr.. Perkins were
merely errors of judgment Nothing
| In the way Of syndicate transa factions
Injured 10 the benefit Of President Me
| Calls or Vice President Perkins
pocket
In these and many other respects
| Messrs. Mccall aud Perkins diner very
much from the former Alexander Hyde
head Of the Equitable and the recently
deposed McCurdy regime in the Mu-
| tual. and for that reason II has for n
| long time been the hope Of many OF the
trustees of the New York Life that
| Messrs. Mccall and Perkins could re-.
main until the annual election Of Off
GERS next spring. because by 80 doing
| II would enable the New York Life
company to 60 on record as being the
| only one of the big three life insurance
companies Of this city which got
through the legislative investigation
trustees have hitherto refused to listen
either to President Mccall or to Vice
President Perkins when they began
some time ago to talk of resigning.
| Contrary 20 expectations. the trustees
| Of the Mutual Life Insurance company
| failed to elect n new president ut their
meeting. Temporary President Freder-
| ic Cromwell came out from the meeting
| and said
I'VE merely passed a few bylaws
that were recommended at a previous
meeting. Everything that was done
was done unanimously, and the utmost
harmony prevailed. The matter Of the
resignation of Robert H. McCurdy was
not discussed"
How about Charles A. Peabody?
| was his nnme nrasented FOR prpSi-
dent?" was asked.
Nothing was done about that" said
| Mr. Cromwell