The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-09-01
REEGt IN UNHERHYEU CAMP.
BISNORYM BE rs our FOR THE
~@& HNSUREACE COMPANIES.
writes to Judge Parker saying the Mutual
and n. y. Life AdmlnistrAtlOn Tickets
Are Good Enough for Hlm-Why Didn't
You Object Brfore1 the .. p. &. Asks.

Judge Alton b. Parker, cha rnan OF the
executive committee Of the international
policy holders committee. was handed out
yesterday afternoon at the executive ofices
Of the Mutual Life Insurance Company.
In the letter Bishop McCabe, who Is a
member Of the international committee,
j criticizeA the conduct OF the comm tees
Affairs and, expressing confidence In the
present arrangements OF the Mutual and
New York Life insurance companies, recon-
mends that the committee indorse the ad-
m~inistration ticket Of each company.
President Peabody Of the Mutual Life
was in Chicago o days ago and had .
talk With Bishop McCabe. Bishop MCCabe
said at his home in Evanston last night
that he heartily approved Mr.. Peabody's
course a. president, and that after he had
written the letter to Judge Parker he had
submitted il to Mr.. Peabody for his APP
'provRl O.
The letter is dated Evanston. Ill.,, Aug
20" and says:
DEAR SIR-when I Joined the international
policyholders' committee | understood that
is purpose was to consider the advice which
should be given 10 the policyholders OF the
D. New York Life Insurance Company and the
Mutual Life Insurance COMPANY IN their own
best interests. after obtaining all available
khloTtlhllOls NhNIFNOANs sui NiF'A
when an address was sent TO the polioyholders
with my name appended to 1t. which had
never been submitted to mo.
do not approve of the address. or Of the
other pages printed with it.and purporting
TO be issued by the committee. | am quite
sure that the members of the who
Z may have personally signed the address
cannot possibly approve the form in which
II has been sent out. or the Incorporate ana
vitupcrative language in which our alleged
opinions are constantly set forth by the
Spokesman of the committee.
! have considered fully the duty imposed
upon me, and ! protest against the further
expression in the name Of the OF
: opinionsl and accusations with which ! have
. no sympathy and which l am convinced
have no SUFFICIENT justification in fact.
The administration tickets Of the two COM
panies include many gentlemen known to me
g and many others Of whom l have obtained
|, much Information. l am satisfied that it Is
not possible to nominate trustees who under
{ the existing circumsb Inces' could better COM
aerve the great int . ia OF the policyholders
than those recently named on the two adj
Z ministration tickets. You are the chairman,o OF
c a. subcommittee charged with the duty OF
forming a ticket. and 20 far az my voice and
vote are TO be considered, l urgently recon-
mend the adoption by your committee Of the
administration tickets OF both companies
and their unanimous election by the policy
holders. After long and careful consideration
/ am thoroughly satisfied that the present ad-
,mlnistrations Of both companies are now
sdecting great economies and reforms. and
that these Institutions. purged as by ire.
are now In . position to AFFORD the protection
Of life insurance in better form and on better
terms than any known in the past. Yours
% very truly. CHARLES c. McCABB.
.tsl. The International committee officers said
fhst no such letter had been received at
Judge Parksr's offices in this city or at his
. home in ksopus. @. H.. Scrugham, organiza-
! t6ncmana@er OF the international commit
gtsas made this statement when the letSsr
wnsAhown to him:
StrMt seems very strange that any such letter
&eh0uld have been given out from the Mutual
Life Insurance Company or the New York
LAfe Insurance Company. No such letter
has reached the committed or any Of it's men,
bers so far a. / have been able 20 learn.
The last communication we had from
Bishop McCabe was In ansN ar to our urgent
request that he attend a meeting Of the CON-
mittee on September Q and was as follows:
Hotel Normandie. Philadelphia. Pa.
Aug. rs. 1909.
20, \. Scrughdm, Esq.
my DEAR SIR: Yours Of the 2Ist at hand.
Unfortunately / have to preside at the Ohio
conference, which meets Sept. S at Chilli
cothe, Ohio, IL is an imperative necessity
for noe to 10 there. Nobody can take my
rlaea he galIy-unless ! I'm sick or dead. Sorry
Icannot be with you. Yours very truly.
PR" &c. c. MCCABE."
Since then no word has come from him.
and j repeat that we know Of no such letter
as that which the companies have given
out. IL seeIhs peculiar that this Information
should come through such a source TO this
committee, hut we have no doubt that Bishop
McCabe Is acting according 10 his best light
- -. l.. To- q. g.. ~ the Nafh = AlNNu
We would be greatly surprised II IL shall
turn out that such a letter has been written
by Bishop McCabe. but until we have the
evidence Of the genuine mesa OF such a com
munication we refuse to criticise the Bishops
alleged action.
We regret that his engagements have been
auch that he has been unable to attend a
single meeting Of the committee, although re-
apeatedly notified and urged to do so. Having
committed himself to the movement in the in
terest Of the policyholders by becoming ASSOC
oiated with 80 eminent a body Of men as com
pose the committee. II Ia to be regretted that
he has not been able to meet with those who
have been devoting their time and-energies
to the movement which would have enabled
him to familiarize himself with the past and
recent doings Of the manage me nts OF the com-
panies in the misma nag e m mt Of the policy
holders money snd their present Efforts, at
the policyholder RS expense. to perpetuate
? tnems IVES ana JnOSc TCsppHHlbAc ~ poO'
-misdeeds in power. Such familiarity would.
we are satisfied. throw upon the path OF duty
hliRht that would make it impossible for such
n letter to emanAte from one who. We know,
y had no desire TO misJudge the motives OF his
aasocIates on the committee or to be misled
by those working directly or Indirectly In the
interest OF the arrangements.
The final address to polioyholders was
adopted at a meeting Of the general COM
mittee at which twenty OF the distine pushed
gentlemen we're present and after an all day
=, ~aeasion. A special on address
went over the document. and IL was then
discussed and chan ged by the full committee,
40 that 1t represents 10 every respect the
views Of the entire Committee then present.
IL was sent 70 the three absent members more
than six weeks ago and no suggestion OF
change was made by any Of them.
3 There are more than nifty Bishops and
hundreds Of clergymen who are enrolled In
,s 6hIs movement and actively encouraging Il In
che effort TO secure a complete change OF
% mans cement without which II IL believed
Nhere can be no genuine reform In these
- companies.