New-York tribune., 1906-07-18
ROGERS QUITS MUTUAL.
Onnstunsd fr,1r fret paSe.

CHARLES ID. DTCKEY, OF New York. Of the
firm OF Brown Bros. & Co. bankers; director
OF The Fifth Avenue Trust Company, the
Washington Life Insurance Company and
other corporations.
WILLIAM p. DIXON OF New York. director Of
the American Exchange National Bank
vice-president OF the international Tele-
phone Company. president Of the Central
Real Estate Association and director OF
other corporations
CHARLES r. HENDERSON, OF New York, of
the firm Of Henderson & Co, bankers; vice.
president of the Atlantic Safe Deposit Com
pany. director OF the Bond and Mortgage
Guarantee Company, director of the Metro
politan Trust Company and other corpora
tions.
JAMES n. JARvTE. of Montclair. n. J., OF Ar
buckle Brothers. OF New York director OF
the Guaranty Trust Company, the National
Bank OF Commerce and other corporations
AUGUSTUS d. JUnLIARD. Of New York; A.
d. JuillaTd Company. commission mer-
CHARLES LANIER, of New York. of winslow.
Lanier & Co. director OF the American Cot
ton Oh Company and Of several banks and
railroads
THEODORE MoRFoRD Of Newton. n. J.,
president OF the Sussex National Bank
WILLIAM FL TRUESDALE, OF Greenwich.
Conn. president CT the Delaware. Lacka-
& Western Railroad. director OF a
number OF railroads director of the United
States Rubber Company and number Of
other corporations.
HAMILTON NICK. TWOAIBLY, Of New York,
director OF the Chicago & Northwestern Rail-
way Company and dozen other railroads,
director Of the National Bank of Commerce
and other banks and trust companies.
CORNELIUS VANDERBILT. of New York, di-
rector OF tho Illinois Central Railroad, of the
Laokawanna Steel Company, Of the National
Park Esnk and number OF other corpora
tons.
SAYS STANDARD OIL NEVER BENEFITED.
Efr. Rogers. IN his letter 20 President Pea
body discusses at some length his relations and
those OF William Rockefeller to the Mutual Life,
and declares their trusteeship TO have been one
OF absolutely unselfish devotion 10 the interest
.Of our fellow mcmbers.'' The Standard Oil Com
.panys he says. has never benefited because they
were trustees OF the Mutual Life. but, the
other hand the insurance company has benefited
through the business they have given to it and
its allied companies. The letter, under date OF
July IL. reads:
Now that the committee to nominate trustees
FOR the Mutual Life Insurance Company has
performed its duties see no reason for longer
retaining from you an explanation Of my
willingness 70 put my name forward for election
as a trustee. have been a pocyholder in the
Mutual Life Insurance Company for thirty-tWO
years and trustee for twenty-One years. 1
have policy on my life for S100000 which has
already cost me more than that amount in
When the troubles came to the company I felt
81 my duty as trustee to stand by and do any
thing could Of service to my fellow members
and policyhOlders I believe 1 have rendered
some assistance, at least you have been kind
The statement has been frequently made that
caused your election to the presidency Of the
Mutual Company. No one knows better than
you how false this is. You know that had but
the slightest acquaintance with you before your
election; that never exchanged a word with
you respecting your candidacy, nor was l In
any sense the inspiring cause of your selection.
am glad to say now. however, that I am
proud OF the acquaintanceship brought about by
our personal intercourse since you assumed the
duties Of the Office, and in my judgment you are
the most desirable person to act as president OF
haze repeatedly told YOU that the company
fhO no er1h2 on my
Apparently the people who most active in
their hostility 70 the present administration are
using the fact Of my connection with the Stand
ard Oil Company ground for criticism
While this IS sufficient reason for my refusal
70 be a candidate for trustee-slnce has
right TO put such large interests in jeopardy
for the sake of achieving a personal vindication
1T is yet true that. aside from the relations of
William Rockefeller and myself as uolicyhold-
ers and trustees. neither the Standard Oil Com
pany nor any one occupying an official position
in that corporation has ever in the slightest de-
gree had any business or other relation with
the Mutual Life Insurance Company. And in the
case OF MI rockefeller, who is now absent, his
policy matured months ago and was paid
and he therefore is no longer pocyholder.
He also wishes TO be relieved from any further
service as a trustee
II any one imagines that the Standard Oil
Company or any OF its officers have profited out
of any relation 10 the Mutual Life Insurance
Company, he must be strangely ignorant Of the
facts, Neither Mr.. Rockefeller myself have
been identified with any underwriting scheme
nor have we been engaged in any business az
fairs with the Mutual company by which we
have been the gamers. On the contrary we
have given business to the Mutual and its allied
companies from which they have largely bene-
flied.
In closing my connection with the Mutual 7
feel that am bound TO put these facts in the
company's records II is with some degree Of
pride that say that service of trusteeship
when subjected 10 the closest scrutiny, will be
3ound one Of absolutely unselfish devotion to
the interests OF our fellow members
/ trust that with this explanation you will ap-
pFeciaGe the attitude 1 have taken recently IN
regard 10 the selection of a new board of fr,,s
tees. II goes without saying that regard fhA
choice OF the nominating committee as most adj
snirable in every respect.
In addition to MI Rogers and Mr. Rookie
8eler. the members OF the McCurdy board who
are stfn serving, but who are not TO stand for
reelection. are Herman c. Won Post member
OF the board since 1868; William Babcock. Of
San Francisco. since 1885; George G. Haven.
since 1892; Adrian Iselin, jr. since 1893. and
George S. BOwdoin. since 1893. Mr. Rogers has
served since 1885 and M. Rockefeller since 1895
The board OF trustees at the meeting yester-
day also named a committee Of three TO re-
ceiye proxies TO be voted for the administration
ticket at the election on December 1S II fs
composed OF James McKeen. formerly associate
counsel OF the Armstrong Committee now gen
eral solicitor OF the Mutual Life; Edwin s. Mars
ton. president OF the Farmers Loan and Trust
Company and Henry Evans. president of the
Continental Fire Insurance COMPANY all Of This
city The proxy committee OF the New York
Life is composed OF men living in different parts
OF the country.
The meeting lasted for about forty ,n,nu.s.
SO statement concerning what was done ott.r
than the ticket named was given out Az 90
was necessary 20 file the ticket to-dav tho
trustees were forced fO rllf m, q 49,,