New-York tribune., 1906-08-29
SAVING FOR BIG THREE
Mf. CqSpeland Decides against Re
funding Premium TQG.

rs Dur6taN. x1o IL is estimated. will save
Own 16,oo 60 cp,nN year by ex-Preside1t Ceve-
hads Decision yesterday that tho "nis three
Aasns2ncs companies must not refund the premium
- paid ny English pclicyhoders in American
ssruopaniss.
Nr Cleveland has just given a decision as ref
v-.c 81 submitted 20 him by the New York
,ss.. ssle Mutual Life and the Equitable as TO
DEDUCTIONS from premiums policies issued IN
Cy%.t E=ltasn The income tax law of England.
u.nGe. tho Interpretation by :he English courts
permits those who are subject 20 the payment Of
us TAX 20 deduct from their taxable incomes the
esaoaEt pale by shem for premiums on life in-
'-sFance policies issued by English companies. The
law however. has not been construed 90 permit
sues, delacti0ns account % premiums paid 10
other than British companies, and it has been
THE custon, OF certain American companies 10 re-
sund this tax.
NJ CIevelsnd's decision is that this
legally be done hereafter and that continuance
og I. would constitute rebate under the new
lnE TIE decision takes effect at once, and under
g the American companies will not hereafter ao-
eorb'' the British tax. This means radical saw
ing 70 aha American companies. Mr. Cleveland
has had the case under consideration for the last
.ix months ana has sifted carefully the intricate
questions involved.
Samuel T-nfe-n,yer counsel to the International
rolicIhol1arss committee will base largely the
definition OF the word Candidate" his argument
before the Appellate Division of the Supreme Court
at Albany to-day in seeking TO compel Insurance
Superintendent Kelsey TO remove the four inter-
national committeeman from the Mutual's admin
3strarton' ticket Mr. CntermyeT will seek 20 show
that EessTs Shook, Gray, Tracy ana aigglnboth-
am were not 'caHdldates.' James Mckeen, the
oOmpanys general solicitor will represent the Mu-
rual zAfe az fo-dayE hearing.
The lnteEratio2al committee received YESTERDAY
Setter Dr.. Julius CllTaZ.n. OF Vienna showing
Che obstacles the New York Life management
SIS accused Of placing In tho way OF Austrian policy
ifOlders who seek access 20 she company's lists.
The law requires that these lists ne filed on July
IA Up 70 Auguse u 81 had been impossible to OBJ
tain access 10 them. Dr.. Ulmann's letter is dated
August 81. IN Sc DR.. Cllmann declares that after
uly Is he visited The Vienna Office OF the New York
life end behalf OF one OF the oOmpanys policy
holders sought 10 have access TO the lists. The
clerk says DR. Cilmann, told him that seventeen
other poilcyhoisers were already ''pre-noted" for
lists Investigation disclosed. according 10 DR.. Ull-
mann, that she senior policyholders were law
yers and agents. friends OF the general agency, the
clerks being occupied IN copying the lists on be-
half OF the first promoted dummy. - As the re-
suIt OF these difficulties. ADDS Dr. Ullmann. II VIII
be necessary 10 have g copy OF the company aus
rrlan list made in New York and forwarded 10
Vienna IE another letter DR. Ullmann criticises
the alleged hostile attitude OF the Vienna agencies
ApropOs OF the printed statements that the actu-
gries OF various New York business companies,
Including Mutual, seeking to obtain from
Superintendent Kelsey such notifications OF the
standard forms OF policies as would defeat the
Armstrong law. Frederic L. Allen assistant general
solicitor of the Mutual. said yesterday that the
companies sought merely slight notifications IN
9he forms. and not material changes