The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-12-12

Journal Special Service
New York, Dec 12.--The Mutual Life
insurance company has passed into the
control Of the Standard Oil crowd by
an agreement to elect Charles A. Pea
body president Of the company at
Wednesday meeting of the board Of
trustees.
This makes the second of the "Big
Three that has passed into the hands
of the, Rockefeller organ-Ryan COM
bination since the upheaval in the life
insurance business.
When the time is ripe for sweeping
out the Mccall crowd in the New York
Life, it is expected that the same COM
bination, thru George w. Perkins, head.
| of the Morgan forces in the board, and
James Stillman, head Of the Rockefel-
Ter forces among the trustees, will
salse swing that company into the hands
of the great triumvirate.
Fear Of Hughes.
Aroused to fever pitch by the fear OF
Charles b. Hughes becoming president
OF the Mutual Life, II. II. Rogers, head
Of the Standard Oil forces in the fight,
turned loose his wardogs on the trus-
tees Of the company and pledged big
majority of them to vote for Mr. Pea
| body at Wednesdays meeting.
He also won over majority of the
nominating committee appointed last
Wednesday for the specific purpose Of
selecting candidate to take the place
Of Frederick Cromwell, the temporary
president. This COMMITTEES is composed
Of Elbridge T. Gerry, James N. Jarvie,
Dumont Clark, Stuyvesant Fish and
ommend the appointment Of Mr.. Pea
body.
The acceptance Of Charles A. Pea
body was bitter pill for many Of the
trustees. Tho they agreed to vote for
him when the hardest kind Of pressure
was put upon them, they fear his cleo
ton will prove an unwise move and
detrimental to the interests of the Mu-
tual Life because Of the Standard OIL
connection and the fact that he is the
personal counsel of George F. Baker,
| who has been Mr.. Rogers right-hand
| man in the struggle to get control for
| the Rockefeller-Morgan combina-
| ton
Plan Dummy Probing.
It is the purpose of the combination
to make dummy investigation and.
In the hope Of appeasing the public de-
ing officers closely identified with tIi she
| McCurdy administrations
Robert A. Grannis, first vicepresi-
dent; Walter R. Gillette, second vice
president; Frederick Cromwell, treas
urer and at present temporary presi-
dent.
Lawson as Menace.
One Of the trustees who, all thru the
internal fight, has been prominently
| identified with the reform element, and
who admitted today that circumstances
he could not explain compelled him to
agree to vote for Mr.. Peabody Wednes-
day, said that the great menace in the
situation would be the rush of Mutual
Life policyholders with their proxies to
Thomas w. Lawson of Boston.
The election of a man connected with
the Standard Oil to the presidency, he
ADMITTED, was certain to arouse hostile
feeling among the policyholders and
give great impetus to the Lawson CAM
paign for proxies.
While Lawson has been making great
Roadway in the west and south in his
hunt for proxies, the great centers Of
population have so fan. not responded
in any material degree to his call. But
1 with a Standard Oil man at the head
/ of the Mutual, it is feared Lawson will
1 make Roadway in those sections which
have heretofore regarded him with sus-
/ piciOn. &