New-York tribune., 1906-07-12
m FIGHT PEABODY RULE
,CP W4RNER GIVES TIEWS.
,lluta,dI POEcyhOIders VII Cooper
,se NTH International Committee.

rn,sst reports that the executive committee OF
= .y,.uat Life PoIcyholders' Association intended
-,,nert the Peabody administration of the COM
80 wsre oontradicted in an emphatic way yes
80 Members Of the committee said that as
=. President Baker of the association arrived
-, Furope probably July IS the committee
.-ls hold a meeting to begin IN earnest the fight
.. ne election # a polieyholders ticket Calvin
,,-fns vioe-president Of the committee. issued a
-sspr1ent sharply criticisng the Peabody admins
ration.
-. couutry. said the committee would do its ut
--.t 10 defeat an administration ticket Mr.. War
- ,s chief counsel for the committee.
r--yu she Mutual Life Policyholders' Association
81, policyholders' ticket?" he was asked
soertainly" Nj Warner replied. that is what
Ee are for
.,,t.. 70 accept the ticket OF the international
-,,rvholders' committee whole2"
segot as SUCH though I should be surprised IL
.s,rs the date 1t which the policyholders are re-
-,-.5 "a fls their tickets their organization and
- should not have agreed on one ticket
srTave any overtures been received by your COM
.-,ses from the international policyholders' COM
,-t,tsa boxing to conference for the formulation
- s,eh q Joint tIcket2"
-T-sornslIy. yes" said M warner But the
after is one that must be left to our authorized
,z.ittees. and one which I. therefore, should pre-
., not 10 discuss
Us there any idea of merging the two organiza-
s,,-s 80 that the Mutual Life Polcyhoders' Asso-
-s.tsa vii lose its identity"
sT-one whatever" said Mr.. Warner. emphaticaIIy
sv7brs the ends Of both TO the Mutual Life are
=. rueh alike that they may doubtless cooperate,
o-r organization. being exclusively one Of Mutual
So. rolicyholders, scarcely could merge with one
interested in New York Life affairs well"
Following the giving out Of your complete ex-
.rrtfve committee. it was asserted by critics OF
bo LIST Ia0
- men who had refused 10 serve on your committee.
o,e name in particular being mentioned. that Of
rolenel Pope. Of the Pope Manufacturing Company
hR true that Colonel Pope withdrew from your
Committee and association several weeks ago?"
q DO not 50 believe This is the first suggestion
have heard Of it
RT-NoR OF BOWLEs'S WITHDRAWAL.
Another ruunor IS that Thomas H Bowles. for
,,rlv g prominent general agent for the Mutual
7as has Withdrawn from your association, after
having been instrumental largely in its organiza-
ton Is that true2r
aEge has never been q member Of committee
N Warner said. though deeply interested from
me first. in neither of which respects, am sure,
hss his position changed"
another statement made by those who are not
easndEy to your association Is that Mr. Bowles is
nov or until recently has been. financing your
association and It's work Do you feel at liberty 70
say whether that is true?'
doubt rlaI ne COnTrlDuLe0. as 1 KNOW
did others, well
Are the rImors true that the Mutual Life Policy
hddsrs' Association in the work OF copying the
lists OF poleyholders on file in Albany VIII do
what II can TO hamper the work Of the Interna-
tonsl Policyholders' Committee in obtaining COM
psie lists expeditiously?
TIE Mutual Life Policyholders' Association has
tssn negotiating toward only such arrangements as
would facilitate, rather than delay, the supplying
q Mutual Life poncyhoIders lists not merely TO
tssE but 10 the international committee any
cher body Of pocyholders- That has been our
position from the first. In cur letters 10 President
Peabody We have never asked for special privileges.
But have offered in event lists were furnished to
n 70 see that others had them as we'll
II has been said by the critics OF your associa-
don that many Of the prominent your
ecuure committee were obtained by uaisrepresenta-
ion and without letting them know that Bowles
vas prominent in the movement. Is that true?"
Not in the least" said Mr.. Warner. with some
warmth. From the very beginning the fact of
II. BoEles's hearty interest in this movement has
been everywhere published"
Within the last two three days intimation
Aas been given certain quarters that your asso-
cation far from representing the interests Of the
pehcyhoders. is really an adjunct Of the Mutual
LIE machinery in the fight 20 retain for the Pea
BODY management the control Of the Mutual Life
+ is said further that the organization OF your
association had a double object in view-irst, TO
hamper the International committee in transcribing
he Poicyholders' lists in Albany. and. second. to
put third ticket in the field in the election split
ne pohcyholders' vote. and thereby enable the
Peabody administration TO win out. What have you
70 say IN reply 10 those usations?'
Our committee speaks for itself" said Mr. War
ne II IS composed OF representative policyhold-
ss Of The highest personal, business and profes-
EoHal standing IN every part Of the country There
no call 20 answer anonymous charges OF this
Erl and none other, I venture 10 say, will be
MADE What our committee does viii be a better
answer than anything can say
Mr. ToMKINs's STATEMENT.
The statement Of Mr. Tornkins was sent out
under the heading: The Truth About the Mutual
Life" Il reads:
sse sstne following IS taken from widely circulated
o.-sE !lsenent of The Mutual Ldfe: lii.
ms IS matter OF great interest 10 the public
49,. e. stu greater interest TO thousands OF lndl-
r--ses People with the farest ninds-and tnat
$685. ss.s most people-have been disturbed and une
.~ea ny the developments and denunciatons or
Is Is treth-the plain. unvarnished truth To give
nsr1 lls MS truth is the object OF this announce, %
ssr selt opportunity for comparing TINS year Win
The amount paid pocyhoders is ss.s0s 43s 50. an
Wer. oL stt9h5o p. Ine receipts Lor prem uLiiS
PERIOD .' iS4 o. decrease OF 'S''sS0 . Tor tne
proper normal increase in payments TO policy
nssed the figures or the last SIX years
sl!a have been 1856 900. while the actual pay
E9 Ior The first quarter Of 1895 are 3lOoe95 oe
s .sioeo IN excess OF the normal increase, which
1 r. ne entire year. would approximate Szioo,UVV;;
l tadraVing members for whose surrendered pol
1 ne company is forced TO pay cash SURRENDER
! e TIE Peabody administration had restored con;
4 1c-oe N TIE management Of the company , ana
y S,llet conditions had been maintained, there
- s.c rave heen a gain N premium income, instea q
1 fs loss. The loss calculated for the year YAK
1ao sccoilnt The gain which under normal cor corr
| Ss25sk WoUd have been made) amounts 10 over
re aggregate amount OF insurance lapsed an and
/ FsIT1ered for The first quarter Of 1859 Gss t 49,
! 49, On Ills basis, for the full year oL lSe. theLe
I oe spsed ana surrendered Sl23, ,Sl 40 oI IN
l s-elee This Is double the amount It should De,
l e-EaIen with the comnanies whose manae eeFleiits