New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-04

copied Mr.. Orr was elected 10 succeed him.
taking Office Immediately. The salary of the
place ~as cut from $4,000 to $4,000. Mr.. Orr
was first vice-p7esdent OF the company, being
elected when George ". Perkins resigned When
Mr. ors promotion made this place again
vacant the remaining v1oe-presidents were
moved up in order, and steps were taken TO
amend the bylaws so as to abolish the office
Of third vice-president. This makes Darwin P.
Kingsley, son-in-aw of John A. Mccall. first
vice-president and Thomas A. Buckner second
Vioe-president John Clafiin remains as chair
man Of the finance committee
The committee also received a report from
Chairman Fowler OF the housekeeping COM
rittee He said that the committee had retained
John G. Mlburn and ex-Judge William A.
heener for counsel and had employed Haskins
Sells ana Price, Warehouse & Co. for ex-
pert accountants. Il would be some time before
the committee could render complete report.
he asked for more time for the investigation.
ana TINS was unanimously granted
Mr. INGALLS, LETTER
In his letter Of resignation, Mr.. Mccall said
that he had always striven TO protect the best
interests Of the policyhoders and that no officer
OF trustee had profted improperly while he was
president TO the extent of one dollar at the
expense Of the policyholders. He called atten-
uon TO the fart that while he was president
uhere was added 70 the volume of outstanding
insurance total Of sI4S0 0oO.O 900. approximating
Inc entire outstanding insurance of the Mutual
at the end OF its sixty-second year and reach
ing figure very close TO that of the Equitab bic
after forty-six years in business. The letter
follows:
AZ the close Of 1905 I have been in life insur-
80, d clerk and as State or company ol1lclal 1oI
10y 10y years have been president of this COM
SeE! fourteen years. They have been fourteen
sely p1sy years. The results show that 1t is no
Tassefaton 10 say that the progress OF this com
;hy IN that time has been little less than aston
ta Ie EorE has been well done. Risks have peeH
v0oos.noIiy selected; assets have been wisely IN
IN the period Of my services as president have
-e1s mistakes IT is easy 70 see mistakes alIeL
eeehts have fully developed the situation. ANY one one
Ssn Pe wise then. but when facing great propeI,s
pIoodbiy seem greater 10 me to-day than t ites
IN 10 any even toerably just critic; but noI"ltII
eeeddhqlng that. not without comfort MY con-
luoh comes from these CONSIDERATIONS -,
company.
seeond-That TO officer or trustee has proftec
properly in that time to the extent OF dollar d.
III. expense OF The polcyholders: ,,.
II is perhaps enough 10 say this or the aCnlevo.
I~ents OF my administration: We nave kepS ~
eno al the close Of 1896, have added net 10 w .
Sonlpany as it stood the end OF 1891 volume "
:ots landing insurance which. in rouno .nsuiraS
Jars dppTOXimateS the entire outstanding lusu
ice OF tbs Mutual Life at the close or lte slNt
eecela year, and is very close indeed 10 the oue
Standing insurance of the Equitable at the close OF
-ts for1y-sixth year.
The progress Of tie company during my presi
uehcy can best be shown by the following tabieS'