The daily morning journal and courier., 1905-11-30
PRES. M'CURDY OUT
 OF THE MUTUAL LIFE
RESIGNATION IS ACCEPTED BY THE BOARD OF TRUS-
 TEES

Treasurer Cromwell Named as His Tem-
 porary Successor-James E. EcIIes.
 ComptrOller of the Currency Under
 Cleveland, May Later be Elected 10
 the Presidency-aIccurdy Pleads III-
 Health as Cause of His Wishing fo
 auit-Trustee Resigns.
 New York, Nov. 29.-Richard A. Mc- Curdy to-day resigned as president Of the Mutual Life Insurance company His resignation was accepted by the board of trustees. and Frederic Crom- well, treasurer of the Mutual, was nam ed as his temporary successor. While no definite announcement was made re- gardtng the selection of a permanent successor for MT. McCurdy, it was per- sistently reported that the presidency of the company had been offered to James H. Eckles, who was conptroner of the currency during the administra- tion of President Cleveland. MT. Rckies is now president Of the Commercial Na. ttonal bank of Chicago.
 MT. Mccurdy's resignation was sub mitted to the board of trustees lr a let ter in which he declared that his con dition of health imperativeIy demanded his immediate retirement from active Business. He had been dissauded from severing his connection with the con- pany last June. when he reached the age of seventy years, ''onIy by the set- ious disturbances which previously had arisen in insurance affairs" In view of these conditions he believed 1t his duty to remain at his post. He found, however, that he over estimated his physical strength and it was upon ad- vice of his physicians that he rendered his resignation.
 MT. McCurdy's letter is as follows. To the Board of Trustees of the M1,-ss
 tual Life Insurance company of New York:
 Gentlemen: During number of years past, as most of the board are aware, have from time to time ex- pressed my intention of relinquishing the position of president of the Mutual Life Insurance company of New York upon attaining seventy years Of are
 III June last, when my annual term Of office expired, having the previous January reached seventy years of age | wished to carry out my plan and de- cline reelection to the presidency. but the serious disturbances which previously had arisen in life insurance affairs rendered it, as I believed my duty to remain at my post.
 T therefore accepted election for another year. I now find that in at- tempting to serve this company for the full term of my office over-esti1nated my physical powers, and my physicians advise me that unless immediately retire from active business occupations my health will become so further inn paired as to jeopardize my life.
 Under these conditions I ask the board to accept my resignation as pres ident of the company.
 "Very respectfully,
 Richard A McCurdy.'
 The resignation was accepted unani- mously and the trustees passed a res- olution in which they express hope that much needed rest may afford the relief requisite for such recovery as may be hoped for at his time of life, and assure him of their best wishes for his future comfort and happiness in cir cumstances more congenial to his pres- ent tastes and inclinations. . The resignation of Justice Rufus ". Peckham of the United States supreme court as a trustee of the Mutual also was presented to the board of trustees at to-days meeting. The resignation was. accepted. Justice Peckham had been Q trustee of the Mutual for more than twenty years.
 The committee and all of it's counsel held a protracted executive session at the close of to-day's hearing, after which it was announced that the com mittee would complete the investigation by December 31, as 1t is due to report to the new legislature in the first week in January. The committee will sit five days next week and through the Christ mas holiday week in order to clean up the work that it yet to be done.