New-York tribune., 1906-07-07
NO NEW YORK LIFE SLATE.
Buchner Denies That Company Has
Candidate for President.

There has been absolutely discussion as to
who shall he chosen president OF the New York
Life Insurance Company to succeed Alexander E.
Orr IN the administration ticket OF trus-
tees nominated Thursday wins. according to
Vfce-President Thomas A. Buckner Although the
president does not have to be chosen from among
the members Of the board there was a suggestion
yesterday on the part OF some of those who read
the list OF nominees that James Fl. Eckels OF Chi
cago. would be a likely candidate for the
herd or the compony.
II trrthfully say that there has been no talk
70 who is TO be president. Mr. Buckner said
MT Orr consented to stand for reelection 20 the
board on the express understanding that he would
not be asked TO serve again as president Indeed
II with the greatest reluctance that he was
persuaded to take the presidential duties in the
emergency following the death of President Nc
Call.
when We asked the new men to go on the trus-
tees ticket they received positive assurance that
they would have the widest latitude in electing
president Of their choice. There is not a man
connected with the company who has the slightest
idea VINO that man will be.
Under charter any may be chosen
president. regardless OF whether not he is al
ready a trustee. If trustee should be chosen it
would create a vacancy in the board, under the
charter the board shall consist Of twenty-four
persons and the president. who shall be ex-otjcio
a member OF the board.
1t is Of course, possible that the members of the
management ticket might hold caucus and decide
OF their election II is suggested that If they
should choose the proper man and announce him
as their candidate il would do much for the
OF the ticket in the campaign
Those who suggest that Mr. Eckels. who is one of
the new men on the ticket, would be a most logical
candidate for president, point out the fact that
whereas he has not been actively identified with
Wall Street he is thoroughly familiar with all the
large hnancers in this city through his former po-
sition as United States Controller OF the Cur
rency For the same he has a national
reputation and an acquaintance with financlers
throughout the country.
The administration ticket" with the proper au-
thentcaticn OF President Orr is already on its
"a the principal office OF the company in each cOun
,ry in the world in which IL does business. The
s, ~ Dolicyholders for these countries have been
Going ont for more than a week According to an
oD,nio, rendered by the Attorney General, the
ttckat and the lists must be filed in each country
no matter how small or how few policyholdeTs the
.ornDanv may have there and regardless OF
,t,. .t. business there is conducted from
atr once in another country. This means an in
60. ,,ourt ~ labor and expense. II is estimated
- - ,ocsssary expenses incidental 20 the cleo
.,o, rytl cost the New York Life aooeOO
~ % ocylgbau the organization manager or the
tneernatIonal poIicyhOlders' committee gave our
s,a,ement regarding the ticket OF the New lorN
a. ,-ss,erdav In which he said that the thirteen
- -. - we're ..rnere pawns the clever Perkins
.sa. csne named BY men who by reason Of
their mast records in the company dare moi present
t,rnsalves for vindIcaton." The statement goes on
20 say:
The presence OF a majority OF the Eowlsr @nlts- @
uashi1g' committee candidates Is iar warn,
rom This ticket in the way OF restitution from hf
Perkins and his associates. -. - Ia
.eIes IN fi5e old dfscredited officers and that ths
,re 10 stas. The idea Of excluding tue superior