New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-01
WINTHROP HIGHER UP.
,,oIrTT 4BLE'S TREASURER.
D,ocr,s Resignation 4ccepted-
Frpecfed "Sbake-Up' Not Yet.

.,,,arias % the insurance Big Three"
.,o-s meetings yesterday-the Equitable
"" =. Mutual Life The Equitable accepted
~ -.,.,ation Of Chaurcey NJ. Depew from
= ssr5 and elected Henry Rogers Winthrop
y i also announced its withdrawal
.,vaisn business in Australia. Norway.
and Russia The Mutual Life accepted
e--s,gnation Of Frederic Cromwell as treas
t,, did not appoint his successor. The
1.,,,,,na,-v reports Of the Truesdale houseclean-
..,,r,irree were accepted, with the excep-
= = that important section dealing with
aims against individuals
~. resignation OF Senator Depew from the
--u..oble has been in the hands OF President
=, ,,or-on since the December meeting. but
-, was the FIRST chance the board had
:, ect upon t.
r.s announcement Of the company's with
,-,rsl from writing new business in several
-, countries came as : surprise. President
80 declared that such business could not he
-,,syc,ed with profit 20 the society. and he
..>,ounces the policy Of withdrawing from every
-..,r NJ the world where this is true
ne selection OF Henry Rogers Winthrop as
.-,sure- Of the Equitable marks another step
= that Young mans rapid rise in the insurance
-,ss He was elected assistant secretary Of
.bs company IN February. 1903. and shortly
,nsrrsrd became the oompany's financial agent.
z. succeeds the late Sidney Dillon Ripley
t-,.ber-in-Isw Of James Hazen Hyde. who died
sbort year ago
Nothing was done al yesterdays meeting in
,hs way Of cutting salaries or making changes
n the Official list Of the company. The report
has been current for week or two that a
.saaks-up" was coming. There are officials who
ts3are thar il has simply been postponed II
vas merely q coincidence that yesterdays meet
,zg occurred on The first anniversary of James
Hassr Hydes famous ball al Sherry's. the last
q series Of great social affairs which he gave
q Neu-York
TIE preliminary report Of the Truesdale house
t.a1.ng committee was the most important
feature q The Mutual Life meeting Sruyvesant
Fzh ana Chairman Truesialc We're at the meet
Ing 70 advocate i-s report. After consideration
liz preliminary report was adopted. except the
rscdmmendarion relating TO certain claims
sga1s, Individuals Legal questions arise in
regard TO these claims. and il was decided 10
s-tu- them 20 Joseph Choate. who has been
retained as special counsel. and 10 act in ac-
coriance with his opinion and views as 10 fur
ther action
Although no details vere given out after the
meeting II is presumed thar these special claims
rsals t. EXPIRES dent Richard a. McCurdy. his
So. Robert II. 1cCur5y. Louis A Thebaud.
Andrew D Fields and others whose uranSactiO
were aired uE The Armstrong committee. The
fsconIre- ca-l1- - that the society imme-
cately bring sui le- an accounting.
The resignation % Frederic Cromwell who
acted as temporary president previous 20 Mr..
p 11-ys appointment was expected and takes
E --.-el i. lbs successor was not appointed.
H-s no special meeting Of the New
D. f board yesterday, il having been post
la- ---l- next Thursday on account Of delay
III Ii- arrival ~ important documents and ac-
counts from Paris. was told in yesterdays
-rloGle- This special meeting viii he 70 con-
saer Inc report of the house cleaning commit
iet part Of which il is said. viii be an &C
counting from Andrew Hamilton. L was said
Yesterday that. IL addition 10 this there would
y statements as 10 foreign business from the
PARIS branch ~ tfs NeW-Yo rk Life. which acts
g. sort If clearing house for the company's
INSURANCE business abroad
Loca. interest iu rhe conference Of insurance
9eiorhers IN Chicago to-day is not as intense
q il would he = the convention had the find
:lss ol The Arms strong committee a = a working
tasis u is understood that they will take up
II Anfs PIT. recently introduced in the House
q Representatives a. Washington and endeavor
% sl29t am Insurance code which VIII he ap-
fl-apl@ io every state iU the Union that may
e. lo Hlept b. Representatives. Of forry-six
siies viii Dc iu attendance. Attorney General
s-lls NJ Mayer VIII Boz the principal repre-
sentative from Nav-Yr