New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-26
MCURDY MADE REQUEST.
President offered Resolution Ap-
pointing Investigating Committee.

The board of trustees of the Mutual Life In
surance Company, at meeting held yesterday
passed resolutions appointing committee 10 IN
vestigate the affairs of the company This COM
rnittee received powers analogous to those Sc
cured by the Frick committee from the Equl-
tables board of directors. The present commit
tee consists of President w. II. Truesdaie OF
the Iackawanna Railroad E.fingham b. Morrls'
of Philadelphia, and John w. Auchincloss, who
ia director in the Illinois Central Railway
Company and other large corporations.
The announcement was made officially by
r,rasiden+ Richard A McCurdy. The resolution
nos presented by President McCurdy. who urged
that the disclosures of the Mutuals business at
tho legislative insurance investigation should De
followed by a complete investigation and puohc
report on all the cornpany's affairs ana nethooS-
A friend of Mr. Morris said after the meeting
that Mr. Morris had been selected because nav
ing lived in Philadelphia, and not having peen
in direct connection with the management oA
the company, he could investigate the business
fron, an independent point of view. 1t is under
stood that Mr.. Morris has not yet decloeo
,vbetber he can spare the time for the work OF
the committee.
The renort of the proceedings of the Mutual
+r,,staes at the meeting authorizing the in
vestigation follows:
Tho president called attention to the inquiry by
te iofnt committee of the legislature of the State
of New-York into the affairs of the company
and to the widespread public interest and com
nent with respect thereto. He urged tnat the
board should take cognizance OF the testl,liohS , ny
elected with view to sucn actloh as 49, ~
found advisable in the interests Oh 'he 'oiii
pany and its poltcyholderS
The president then asked the consideration OF
the board to the following resolution:
"Resoved, That a committee of three be and
thew hereby are appointed as committee 10
exsnoine INTO the organization and management
Of he and to report
from time to time to this board their recon-
menda tions in reference thereto, with power TO
add to their number and to fill vacancies.
The resolution was then moved by member
Of the board with the additional suggestion
that Messrs. Truesdale. Morris and Auchincloss
constitute the committee, and being duly Sec
onded was unanimously adopted.
The committee will proceed at once to dis
charge it's functions and to report speedily 10
''i0 RICHARD A MCURDY, President.
John w Auchincoss, at his home last night.
said that both Mr.. Truesdale and himself had
agreed to serve members of the investiga-
ton committee, but that Mr.. Morris, he under
stood had not yet decided definitely. Mr.
AuchinclOss said:
agreed to serve because 1 considered it
public duty. I shall serve to the best of my
ability The committee will undoubtedly meet
soon but it would be premature to attempt to
say when. Nothing has been decided on.
Mr. McCurdy's announcement, with the reso-
Iutions says al that there is to be said at this
time 1t is my impression that the committee
will not furnish information of it's intentions
to the public. It is to be supposed that the COM
mittee will make thorough investigation. Be-
yond this 1 have nothing to say.
Mr. Truesdale could not be reached in town
last night At the Mutual Life's Grosvenor
Apartments 1Oth-st. and 5th-ave, it was said
that Mr. Truesdale had not been guest there
for several years Substantially the same ans
wer to inquiries made at The Osborne, No.
2O5 West 57th-st