New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-09
MAY REVEAL SECRETS
H'CTRDY IN BITTER MOOD.
nau Gire TruesddIe'Committee HIS
Tersion of Stock Deal.

Mon who are close to- Richard A. McCurdy
| asserted Yesterday that there was more trouble
ahead for the Mutual Life directorate before
that insurance house is thoroughly cleaned
rrl,av sa- that the trouble will come from most
,naxnected source Intimation has been made
TO the Truesdale housekeeping committee that
Mr. McCurdy is willing to give the true version
of certain stock transactions which may materi-
allv change the color of certain evidence given
before the Armstrong investigating committee
especially in regard to the transaction IN IooO
shares of the Lawyers Moflsase ~
Company stock.
since his resignation as president of the COM
many Mr. McCurdy has been at his home in
Norristown brooding over his troubles. He feels
keenfv the weight of blame placed on his
shoulders.
4 man who is close to the McCurdys said in
Norristown Yesterday that Mr.. McCurdy par
ttcuIarly objected to being made the scapesoat
in the deal in the stock of the Lawyers MORT
gage Insurance Company, and that he was ABOUT
raadv to go before the Truesdale committee and
foil of all who participated in the division OF
this stock.
1r-7,a+bor mr. NOT the ruesdale committee is pre-
orod RI ask McCurdy to tell them his story
could not be learned yesterday. IL Is kho"tp'
however that this and other disclosures IN inc
course of their housekeeping has brought th'
committee together, and that the danger OF
majority and a minority report has pfactlcaHy
a1anorated. The committee held a meeting yes
terdav afternoon, but did not begin dra1tlng us
final report In fact. it is doubtful IL WORK oii
this report will be entered into until PresloeiiI
Peabody has passed on the PRELIMINARY Fepoi.
which was put before the board at the last
regular meeting
MORE DOCUMENTS MISSING.
The absence of many more valuable books and
documents from the supply department preSideu
over by the missing Andy Fields. is another
| matter which served to bring the housekeeping
| committee together It brought home to them
the imperative need of thoroughness and the
necessity of presenting an unbroken front to the
| hoard when they brought in their report.
| The missing documents. it was learned yester-
| dav cover a period OF four four and half
| wears prior to July /, 1905. Practically every
| thing of use to an investigating committee pc
tween these dates has been cleaned out NO one
co, remember anything of them since the time
| Fields started to California for his heaItn
| Whether or not they were removed at MS III
| stance the committee does not venture 10 say
| Whether they have been hidden OF oesiroSeu
| is equally unknown. The officials OF the com
- t,o,,e baan called on for explanation
| TIE committee has already questioned two en-
/ ,-os If the supply department-Jullus heye
d on man named Morris-but they coulo give
| no testimony of value After their e&aininA'o ~!
14orris and Fieye severed their connectioh WIN
| the Mutual Life.
:. no. said Yesterday that unless the mystery
% the missing documents is cleared ny ~ o.
ether way the Truesdale committee WIN en-
80 - obtain the presence of Fields or at least
statement from him. Ii they succeeu IA ~
| - ,,,,l1 do what the legislative 'ee
| CHI EFFORT
| ,,-osiden+ Peabody saw the newspaper men
Fie9.I ,etarnoon for the first time since ne
| -, a. +irar Of the Mutual ship He ola not
.o,,,,+binq, about his inspection OF the supply
| ,+n+ He said that he was WORKING on
| oaseary changes in the list or oIhclaiS ~ ~
oo,,,nanv hut that nothing had yet peeii uoile'
"a did NOT know officially of the com
| : ia ..bie three" against rebathg' anu A-
sar+ or no circulars to agents warning 'iieii,
| of the increased danger OF doing tf'iS So'' -
| business. ;o. biob
| ; ,,o,a NOT been able to grasp in the rev Gays |
| lac. Ioao here" said Mr.. Peabody. There are
10 letters which have been taken UP by
n,,,,-oor,m,ttees which have not yet come 10 my
| hand" I'll. No M
| .ioI u,eeting of the board tomorrow anu
,bat il was likely that they would not meet
| until January a. which is the ua'o VI -
regular monthly meeting.
| CHANGES IN PRUDENTIAL
several important changes were made IN the
| oesoio1 LIST of the Prudential Insurance Com
| ,o,, t the regular meeting of the directors
| go =, Newark Yesterday afternoon. Edgar b.
| W. asisned as second vice president ana as
| z'noo+o- IN the company owing to the pressure
| ~ narsonal business His retirement had MOTH
| tho to do with the recent insurance investigation
| of the Armstrong committee
Forrest F. Dryden was advanced from third
| to second ce-president to fill the vacancy
| caused by Mr. Wards resignation. His salary
was fixed at $4,000 year. Jacob B. Ward,
| who has been the chief counsel for the company.
was made third vice president at d salary Of
| S10nIO a year Richard V. Lindabury who
| acted as special counsel for the company in the
| recent investigation in this city, was rewarded
| with the post of permanent counsel. The amount
! of his salary was not made public. He was also
elected to the vacancy I'm the directorate. Four
teen members of the board of directors were re-
| elected.
| The officials of the Equitable elated yes
| terday when Judge Hazel. OF the United States
| Circuit Court, rendered a decision in favor of
| the company in the suit brought by ]. Wilcox
| Brown of Baltimore and other policyholders
1 Mr. Brown holds a policy for s25. 900. which
| was taken out June u, 1876 and still is in force
| He sued for distribution OF dividends on his
| policy and TO that end demanded an accounting
| from the society of its surplus. His idea TO
have proportionate distribution Of dividends
| from the surplus among the $4,000 policy
4 ITa n,ar shatt iiosiO ton