The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-12-18
INSURANCE ELECTION DAY
SUIT. KELSEY HERE TO TAKE
CHARGE OF ". Y. LIFE.
His Deputy to Re AZ Inc Mutual rive IN
spCctors Named for Each Company
Both sides say Thcy ire C0nndcnt
lie EtsIat,On Nee drd. Sc,s I~1ttr.uycr.

Both sides say They rrc COnndCnt
Legislation Nee drd. ScIs U~HttrTuycr.
st..e Superintendent OF Insurance otto
KeItsy finished yestordly the "details for
the election Of tru ees TO he held to-day
in the New York anO Mutual Life Insurance
companies. Mr.. Kelsey will personally
be in charge Of matters a: the Office OF
the New York Lite. The polls open at
10 o'clock this morning and close at 4o'clock
in tho afternoon. .
With the Superintendent of Insurance
at the New York Life to-day will he these
five inspectors Of elections he has selected;
J. Earl Lawshe. e lawyer r. 61 Wall street;
Alphonse Kcelhle. a lawyer at IS Cesar
tree;; Ellis Guy KinkeaO, a lawyer from
Cincinnati, Ohio; Fred W. Marks, a merchant
AZ 6s7 Broadway, and RoberJ Selden Huse,
a lawyer AT IL Pine stree.
In addition there will be n large force
of tally clerks ana vote counters appointed
by Suut. Kelsey. Representing the inter
national policyholders' committee will be
La wver Saruel Cntcrmyer, VINO IL the
counsel for the committee.
At the offices of the Mutual Life the
State Insurance Department will be repre-
sented by Deputy Superintendent Robert
H. Hunter. The five inspectors are: Alex
ander Rice Mckim, engineer and architect
at 80 East Twenty-eighth street; j. Bayard
Backus, lawyer at Ii Broadway; George
s Ludlow, Ia wyer at IS Broad street; Joseph
A. Arnold, lawyer at ?, William street, and
Melvin H.. Dalberg, la W er at rs Broad street
Louis Marshall, law partner of Mr.. Inter
mver. will be on hand to look after the in
terest of the international policyholders
committee.
Supt. Kelsey and Deputy Hunter will re-
main but a few days and then will leave all
the work in charge of the inspectors. II Is
now said that il will be at least two months
before the vote has been entirely counted.
The ballots will be received at the Mutual
in the board room on the eighth floor of the
home Office at 80 Nassau street.
At the New York Life the voting will he
lone in the basement on the Lafayette
street sid of the building. While the
greater part Of the ballots have been sent
Indy mail long before this, il is known that
a large number of ~policyholders are intent
on appearing at the home Offices and cast
ing their vote in person. Supt. Kelsey has
ordered that no attempt be made to-day TO
count the votes.
II was also decided to expedite matters
as much as possible by refraining from
protesting ballots to-day. The interna-
tional committee people, however, would
not agree to allowing proxies TO be filed
without protest and will fight TO have many
of the administration ticket proxies thrown
out.
Elections are also TO be held in three
other COMPANIES doing business in the State,
the Equitable, Mutual Reserve and Security
Mutual of Binghamton.
Trouble is anticipated at the offices OF
the Mutual Reserve owing to the fact that
George Burnham, Jr., vice-president and
ounsel of the company, has been convicted
of grand larceny in taking policy holders
funds and that President Frederick A.
Burnham and Vice-President George d.
Eldriige are awaiting trial on the same
charge. All three of these officers Of the
COMPANY are ~unopposed candidates for
reelection as trustees OF the company. IL
was said in the financial district that a
lawyer was planning some kind OF a move
to-day that would tend to hold up the
election unless certain names were stricken
from the ticket.
At the headquarters Of the companies
and the opposition last night various pre-
dictions were madeN Vice President George
p. Dexter of the Mutual said that the ad-
ministration ticket would be elected by
at least $50, 900 plurality.
Secretary John c. Mccall of the New
York Life predicted a plurality OF from
10000 to 200, 900 in his company for the
administration ticket.
most careful canvass he figured the lowest
plurality for the policy holders ticket in
the New York Life at IS, 200 and 1000 in
the Mutual. Manager Scrugham for the
lnternationa Policyholders' Committee
made this statement:
THE policyholders ought to have a ma
joritv on a fair count of about 5000 in
the New York Life and about 1900 in the
Mutual Life"
Samuel Untermyer issued a statement
last night in which he said:
The labors Of the policyholders' committee
are in a sense ended to-day and yet they
are far from ended. They have only fairly
begun. Whatever be the outcome OF the
election somebody must take up the work
OF reforming the gross abuses that wer'
made possible by the defects in the Arm
strong law. Fully 500. 900 policyholders IL
the two companies have been DISTINGUISHED
The amendment urged by me when thu
law was under consideration forbidding thu
agents from taking part in the election should
be passed. IL afso should be made a crimina
offence for the officers in power to coerce tn,
agents into working for the administratio
ticket by threats OF discharge. as was don
In his election. IL should also be made
criminal offence for the officers to use tn
money and property OF the company an
the time of its employees for campaign pur
poses. The business of these companie
has been for months paralyzed and their entir
organizations turned into a huge electioneer
ing machine TO keep in power men who be
trayed their trusts and who are fighting Xix
desperate men to prevent the exposure an
restitution that would follow a change @
Management.
Whatever may be the outcome we sha
ask to have II made the subject OF a legis
lative investigation as basis for much remetia
LEGISLATION. Until that has been done Their
will be no such thing az a mutual company.