New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-19
SEEK n. Y. LIFE PROXIES
Guess as TO Possible Successor to
President Orr.

7h. AGENTS ~ the New York Life Insurance
rornpany are busy sill over the country getting
blanket proxies from policyholders 70 he used
at the annual election next April Directors
OF the New-York Life have said that the az
rointment OF Alexander E. orr TO the presi-
deacy WIS a temporary expedient. and mshV
euesses are being made as 10 who Is 20 oe ms
successor. II he is TO have one.
John A Mccall has wonderful hold on the
agents Of the company. and many of them say
ne ought 10 be reelected. They point with pride
70 what they call the pconaptueSs with which he
reimbursed the company in the sum OF S@H9"V"'
Maid 10 Andrew Hamilton. who refused I" give d
satisfactory accounting. Mention Of his name AT
meetings q agents in the last few weeks brought
forth applause
ser policvholder who calls at the home office
Dr. Broadway or Al any Of the branch oII'0eS
receives q printed blank proxy. which reads as
fellows:
the City OF = insured under policy No. -. issuS ga
by the Nsw1o5k and !A sppdn1 john caiin oscar
s StraJs ana Clarence H. Mackay ana eaC1t s ~ ~
nv name place and stead vote as my proxy at
the annual election Of trustees OF ne +h rear
Ias with fun power or substitution ana &c "a
sttorneys or any one Of them, or their substitutes
may lawfully do or cause 10 pe cone - NAV be
exercised by such OF said persons as shalt a.
shall attend This proxy shall be invad AID AFTER me
hereby revoke all my former proxies.
The three named in the official proxy are
trustees Of the company. and Clarence H.
Mackay is a member of the Fowler COMMITTED
The general agents. who yesterday closed con-
vention at Lakewood. were urged TO get every
uoiicyhoIder in their districts TO sign this proxy
and. it is said. that enough Of them VIII IN
IN
spite Of the efforts Of Thomas NJ Lawson and
= Others.
All who called at the cashiers window at the
Eew-York Life headquarters IN this city were
ssked 10 sign q proxy Many did so without
question while others murmured
1T is the wish of President Orr" was one Of
the arguments used.
The Armstrong committee viii meet this morn
sng with members Of the National Insurance
Commissioners Association. and the report which
the Armstrong committee has practically COM
pleted will be gone over
Zero NJ. Host. Insurance Commissioner OF Wis
consin. is ct the Manhattan Hotel. He said:
The hest remedy Cor all the ills in the life in
Eurance business is actual annual accounting
and distribution Of the surplus 70 policy holders
The next important step is 10 limit the expense
OF new business by prohibiting excessive COM
missions to agents for securing new business.
Prohibit by law the use OF proxies and compel
companies poIiCS L4O4NeIS " hotO
either IN person or by mail In my opinion, the
life insurance situation is such as TO warrant
e. special session Of the legislature Of Wisconsin,
ff only TO enact the laws have Just suggested
z A Woods. Of Ptttsburg, the Equitable gen
eral agent IN the Pittsburg field, was in the
ritv Yesterday for conference with President
Paul Morton He reported that in 1905 his
agency had written S12,437O00 Of insurance,
of which S20660oO was written IN the month Of
December. This represented a loss Of only IS
per cent over 1904 The loss in lapses over the
previous year was only one-hfth Of per cent.
1t was learned yesterday that William H Nc
1ntyre. the former fourth vice-president Of the
EQUITABLE was in Baltimore. where he was
registered al the Hotel Stafford. Mr.. Mcintyre
has kept out Of the State since the legislative in
curry into life insurance began.