New-York tribune., 1906-04-08
NOT STANDARDS MAN.
r 4. PEABODY'S DENIAL
No Connection zeith Hartman or
Morgan, He Says.

charles A Peabody. president os the Mutual
Ysse Insurance Company, has declared over his
-, SIGNATURE that he had no connection with z.
u Hartman. J. Pierpont Morgan or the Stand
"a nj. combination Charges have been made
4o,, time 10 time that he was placed in control
=, .bs Mutual In the interests of one or the
o.,e- n these capitalists Until yesterday Mr.
peabody had not made any positive denial
public
The statement took the form Of letter TO D.
r Halderan. until recently British general
agent Of the company. The letter was written
IN January IN answer TO q letter from Mr..
HaIdeman. with which were inclosed lippings
from English newspapers saying that Mr. Pea
BODY was the TOOL Of the capitalists
Next Tuesday AIr. Peabody. vice-President
rr7o-v .AIcClirtock and Joseph H. Choate. the
conpanv's special counsel, will meet in confer
ense with A D Juilliard. trustee who has just
returned from Europe, and viii discuss the Brit
Ssh situation. D c. Haldenan is said TO be on
his Tav from Europe. but no one seems TO know
whether on his arrival he Will ally himself with
7hs present management Of the Mutual Life or
with Stuyvesant Fish. who is about TO begin an
investigation from the outside
i was said yesterday by an official OF the
E1u3-able that Paul Morton was no longer in
tsrestsd II obtaining an explanation from
Thomas D. Jordan. the former controller Of the
company, who has lately come North from a
long visit Al Hot Springs, Ark. and in Georgia
Il was said that M. Morton had obtained the
information which he particularly desired from
NJ. Jordan through the work done by expert ac-
countants- Il was stated that Mr.. Jordan would
not even be requested 10 come before the presi-
dent
Mr Jordan was IN the city yesterday he
kent much under cover IL his city home in
West SSth street, II was said that he had not yet
returned. His country home in Englewood, N
J. is still boarded up. as It has been all winter.
From one source il was learned that he and
Ms. Jordan had stopped OF at Atlantic City TO
spend Easter Other officials Of the Equitable
were equally positive that he was in town, but
thar he would not make his presence known for
2 few days. His son declared that he did not
Know OF his fathers return.
The Equitable management is greatly encour-
aged over the number Of reinstatements which
have recently been made. In & day or two a
detailed statement VIII be given out which viii
show that life insurance is getting back on a
business basis.
Attorneys for the Mutual said yesterday that
no further complaints were ready in the COM
p2-y's suits against former oficeholders. The
suit against Andy Fields IS now being prepared.
His defiance il an authorized statement given
out Oh ~iday has not worried the officials Of
The company
The letter which President Peabody sent 20
Nj HaIderan- denying any connection with the
Hartman n-AIorgan-Rockefeller combination, is
IN part as follows.
appreciate fully the difficulties under which the
interests q the company are now laborlng and
which % . great extent are common 10 all the
agencies. foreign and domestic but which press
more heavily on you than on some Of the others
an convinced. however. that the company has en-
cs1alsfsrlres which have shaken pubic coafdenee
and viii restore the good viii OF policy
holders and others who very naturally have criti-
CSC severely the methods employed hy the com =
Those portions Of your letter relating 70 the com
infock who has been placed by the committee on
agencies ln general charge of an tne agencies ana
nave been and viii be the subject OF serious cor
sqa 6 l5s by a4 him c ana the rs3 c9mes n e o 70
which, therefore, relate more personally TO myself,
newspapers that my appointment as president has
any connection with any Rockefeller Morgan com
anv KIND with these gentlemen Indeed I have not
their acquaintance and have no reason to suppose
anL have never heard II suggested. except BY the
newspapers that they had any connection with or
attempted 70 exert any influence directly or lndI
rectly on the subject Of my election.
In saying this intend 10 be understood as say
ing a- that is 70 be implied by these words
van 70 be understood IS saying that all sugges
4nlS that an the instrument OF, or was pro
posed by or am il any way under the influence OF
tonpaEy. have no basis whatever except IN tI''
Efforts OF sensational journalism Substantially thH
same ~ said Of Nj Hartman Mr.. Hartman
rs not now and never has had any connection
Hd thar he wished to have. that he Or any ono
else expects him 70 have any influence, clrect OF
Indirect, over its affairs I do not believe that no
nas ever thought OF having amy such influence, or
ms any desire IN that connection
Please do not understand me as IN any way, b5
Implication or otherwise. intending or desiring u
ast any reflection upon any OF these EehtieInep te
an simply stating facts IN answer 10 thS su6ee
lions ol YOUR letter. which. IN my opinion, are IN
llst ~ them they are TO ne
To up in few words, let me add I!lat }
pledges. bonds obligations Of any Kind, Wfhch
could make subject the influence OF any one.
- controlling my official action The purpose o.
-ae trustees in clectlnE ME. ano my puIPo99e ~
accepting the election are 70 reOrganlz4 the puSi
ness OF Iue company upon the most efilcelli
nds Tho most rigid economy IN the cTpendltuIt,
tg-.ser.afiE investment Of the cOIlAjaiJ > -,
source. the utmost vigilance and actNllS ~ ~ ~
promotion n The company = business ana II. -
GUARDING Of interests the olly tnlHBs liz"
nave beeu asked 0f hE those VINO pTfpossu an.
supported election Tor any action ol HiIlie-
president. 7 alone am responslb pie No oiIlfNi or w
fly any one against what conceive 10 be the D's'
interests ~ company ana its pollcA t3l -
siuc. has already been done, much more VIII ioi
low We are now studying plans Tor Inc Ili
fro-srrerr ~ tho coTnpany's service. which VIC
h-pe To perfect during HE coming spFlng, flIu
ask only such TcasonaDle patlshcf ailu IhuuS--
The iEsluOrtaTce Of The Wofk JusLiuef-
During March the Equitable Life Assurance
sociefy Maid 27s death claims in the United
states md Canada. Of which 274 or 80 per cent
we're Maid within one day after proofs Of death
verc received. The amount paid was el'O'4''7-
.SJl Der cent Of which was palo MllLout