The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-04-13
DOUBT IF FIELDS IS HOME.
MCTUAL LEFE'S AGENTS HAVE
FAILED TO FIND HIM.

President Peabody Says That the Company
VIII Aeeede 10 the Foreign Policy.
holders Requests for Representation
and for an Examination Of Reserves.
Mutual Life Insurance Company folks
ara not certain that Andrew @. Fields,
D., the o~ompany's former legislative agent,
IL at his home in Dobbs Ferry. Agents
Of the company have tried in almost every
possible way TO see Fields, but have failed.
The Law department Of the company tried
TO reach Fields for the purpose Of serving
him with papers, but its men were unable
to get sight of. him, although be .appar-
emily had no desire TO avoid the suitA.
The process servers were referred to
Henry P. Velte, Mr.. Fields's lawyer. who
readily accepted service for his client.
Other agents who lave attempted to reach
Eields without. SUCCESS have had nothing
to do with the Mutual's suits, Mutual
Life people say that they a v found only
two persons-wAo szy they have seen F1etds
In his Dobhs- Ferry home and both are
very close friends of1the former Legislative
agent.
. On the other hand, BDr. C. H. JudsOn,
Mr.. Fields's physician, declares that Mr..
y iCiiA lhlb lbNil IiC'A bNiiAO oiAo ti"V hO ~
now In the Dobbs Ferry house sick. DR..
the Mutual Life folks, reiterated his pre-
+ yious statement Mr.. Fields's lawyer and
his son also have both said that he il home:
Pc A cable despatch from London yesterday
said that the reply which the Mutual Life
has sent to the British polioyholders' sug-
gestions, through Joseph Fl. Choate, the
~company's counsel. is not satisfactory
TO many Of the poicyholders. According
to the dispatches, Mr.. Choate's reply was
to the effect that the proposals of the policy
: holders required careful legal consideration
and that in the meantime the trustees
would be pleased to have the English
~policyholders appoint an actuary to verify
the reserve liabilities of the company.
Some of the policyholders, it is said, be-
lieve that this is evading the issue.
President Charles A. Peabody OF the
Mutual vas questioned in regard TO the
information from London, and he gave
out for the first time an authoritative state
ment of what tbs English p~oicyholders
want.
1T is suggested, " said he, that an English
actuary come here and examine the reserve
liabilities that have already been computed
by the Insurance Department of the State
To this we have no objection.
- Second, it has been suggested that we
elect ona or more En- giish trustees This
| think the board would gladly do. and it
would be glad to have names suggested by
the English p~olicyholders.
Third, it is suggested that we turn over
the whole English business of the company
to a new company, to be formed in London,
delivering at the same time the total reserve
held against the English policies. We see
no way Of lawfully doing this, and for hat
and other reasons we do not consider it
practicable. The legal questions involved
are now being examined by Mr.. Choate
The dispatches from London said that
the policyholders in England are satisfied
with the financial condition of the company,
but demand a change in the management,
desiring particularly the retirement OF the
trustees who were closely associated with
the McCurdy trustees. Mr.. Peabody said
that no such demand had ever been made.
on him.
Mr.. Peabody said further that he knew
Of no such trustees as the McCurdy trus-
tees" The names Of several Of the present
trustees who were very close to the McCur-
dys in the old days were mentioned TO Mr..
Peabody, but he was Of the opinion that
none Of the present members of the COVERT
ing board could be included Ia u a classi-
fication, Mr.. Peabody was certain, how
ever, that if the English po~licyholders.
named any Of the trustees who in their
OPINION ought to retire these men YOU
either resign or give reasons why they
did not feel called On to get out.