New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-12-05
SAYS PERKINS WILL QUIT.
Statement That He VIII Resign
from n. Y. Life Published

A positive statement that George W. Perkins
of the firm of ]. P Morgan & Co. would retire
from the vice-presdency of the New-York Life
Insurance Company and from the Craftsmanship
of its finance committee at the election which IS
scheduled for April was made yesterday by
1.-THE Evening Post" 1t said that the action
was taken at the suggestion OF Mr.. Morgan
himself The report had it that Mr. Perkins
would remain director of the New-York Life
and that a formal announcement of the decision
would be made shortly.
Mr. Perkins, after carefully reading the arti-
Gle announcing his coming retirement declared
that he had nothing to say regarding it.
Frederic Cromwell. the president pro tenn of
the Mutual Life Insurance Company who took
charge when ex-President McCurdys resigna-
ton was accepted, issued circular letter to the
agents of the company yesterday. urging them
to appeaI for new business and to persuade. If
possible, anxious poicyholders not to let their
insurance lapse He declared that the board of
directors was now working tremendously with
the full cooperation of the executive officers
and the investigating committee in reforming
abuses. reducing expenses and introducing
economies that would result in substantial bene-
fit to the pocyhclders.
Ex-President McCurdy of the Mutual went
driving in the country about MOrristown yes
+arda1 afternoon for the first time in several
DAVIS If was reported few days ago that he
was in such physical condition that an extended
visit IN Z Southern sanatorium would probably
he necessary His physician said yesterday that
he was greatly improved, both physically ana
mentally.
It is not likely that the legislative insurance
cor,roittee will go any further into campaign
,o,,+r,brtions made by the insurance companies
IF thew should il would be necessary 10 summon
ltnroo q Cortelyou Cornelius n. Bliss ana
81 fnanciaI managers of Judge ParKeTs cam
tiIT The chairman of the committee, senator
RIItfIiaro W Armstrong, said yesterday thal IN
,,aItr of all the committee has learned III tlltS
,aeard It did not seem necessary 10 speiiu iloie
time on it. ... Ill +al,a I'm the
So of the Provident Savings Life Assurances
e stllei toIav after Mr.. Hughes gets through
80, Vice- President EIdridge of the Mutual re
ro II will be next week before the coiniili.
o. oor eet to the Prudential, when mas us
Rome ofice in Newark n. j. but WHICH mas Z"
tremendous business in New-1ork ,..o
When asked YESTERDAY If the c9 tna year
would finish it's work by the e'oSe VI M
chairman Armstrong SAID;
That is our intention, but the COMMITTEES mas
nor the deciding voice The legislature WIN oe
ma +hat question There is use Tor us 10
attempt to cover every detail. we dle ein3
at the main facts and that is the essehtIaI pony
~ The investigation We making every Ell
forr to wind up work so as TO MAKE d 30 !
70 the legislature as soon after opening as pos
sible The moral effect of the 1nVesdsd' ION 10
already seen and is half the advantage re go
on with the investigation indefinitely would ne
to attempt to exhaust an inexhaustple helu-