New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-26
NO SURPRISE At ATTACK.
Printers Had Been CTticiScd-DtS-
content an Mutual Reserve.

The fact that Senator Armstrong and Assembly
man Cox took steps yesterday have the printing
Of the testimony or the insurance inquiry taken out
Of the hands OF the BRANDON Printing Company, the
State printers caused SURPRISE in insurance circles
When the investigating committee met here week
ago with the insurance commissioners OF various
Western States. II said that unless the State
printers showed different spirit the committee
would take steps to have the testimony printed
elsewhere
The submitting OF tho Armstrong report to the
legislature does not depend the issuing Of the
printed reports Of the testimony. has been ex-
plalned in The Tribune The committee. however,
desires that the legislature may be familiar with
the basis of the report which is the testimony
taken. If Senator Armstrong; bill goes through
the alleged plan OF the printers to sell extra copies
OF the testimony at from $40 TO So a volume will
fall through.
The charge is made that the BRANDON company
is working under an arrangement with the Wyn-
koop-Hallenbeck Company. of this city. The ON
Gals of the latter company -efuse all information
as to the printing OF the testimony.
The result OF the annual meeting OF the Mutual
Reserve Life Insurance Company. held Tuesday
when some fourteen thousand proxies were voted
in support Of the present management has caused
protests from many policyholders. Most OF these
have communicated with John J. Jordan. Of No. .
Nassau-st, who represents many American and
Canadian policyholders
I have as yet taken no action in the Mutual Re
serve Life matter" said Mr.. Jordan yesterday.
u am now gathering evidence and athdavitS which
7 hope to present 70 District Attorney Jerome be
fore the end Of the week
The company issued yesterday this statement.
signed by the secretary:
The Mutual Reserve Life is membership cor
poration. the actual members of which are alone
entitled to vote. total of nine persons only. who
applied for admission to the annual meeting. were
denied, None Of these were members. Five claim
TO hold proxies, which, however, had not heen
registered any of these five, required
by the charter. members. OF the other four. one
admitted his policy TO have lapsed one was an
one represented his wifes.
The only notice OF the annual meeting rquired
cation in a certain number of newspapers but IN
addition TO this the company has always mailed a
personal notice to every member, and is the only
company, according 20 the testimony before the
Armstrong Investigating committee, which puT-
this course. These personal notices were
mailed the present year. as IN all preceding years
Tho bylaw requirement that the proxies shall
he registered certain number Of days prior TO the
meeting, has been continuous since February lSS
reduced in 1855 10 ten days. az which II has re-
manned unchanged. This requirement. is also In the
charter OF the company, as is the provision that
the holder OF the proxy must be a member Of the
company.
There rUmOrs yesterday ar the Equitable
Building OF a big "shake-up." TO begin about
February ] and weed a number Of officials
who are said not 10 bs in thorough accord with
the present manage nent. Within the last few
days there have been several revivas, it IS said.
OF the old enmity between the HYDE and the
Alexander Tarbeu factions. dozen prominent Off
Gals of the company have so far succeeded in
weathering the storm. but It is said that some of
them are now slated for removal Just who will
go could not be learned yesterday. nor could any
official be found who willing to admit that a
'shake-up' was coming.