New-York tribune., 1906-03-04
FISH TO GO TO ALBANY.
Continued from first page.


turn over their Mutual Life proxies to Mr.. Fish
and the committee which he will form.
The first appearance of the Fish committee
viii be at Albany on March 8. when it will make
formal appearance at the first public hearing on
the legislation recommended by the Armstrong
committee. Mr.. Fish will go there with the
proxies of several thousand policyholders and
expects at least equal standing with President
Peabody and his counsel. who will probably be
Julien 7. Davies, who has long been chief of the
Mutual Life counsel. and who declared that he
did not wish to appear in the suits against
Richard A. McCurdy because of the long stand
ing friendship between them
AT Albany the Fish committee will make
strong representations. II is said that the bill
which provides for brand new election of
trustees OF all life insurance companies next
November should be made law. On the other
hand, it is likely that Messrs. Peabody and
Davies. well as other life insurance officials
and counsel. will fight this particular clause
tooth and nail. If the November election rec
oumendation becomes a law it will undoubtedly
be taken into court for fight as to it's consti-
tutionality. On defeating this clause. it is said
depends the life of the present official insurance
regime
AS the November election matter will prob
ably be In the courts for some time 1t is likely
that the next important appearance of the Fish
committee will be at the annual election of the
Mutual Life. which will take place In June BY
that time it is hoped that the committee will
have a controlling majority of proxies and
that IT can elect trustees to the extent of
one-fourth of the Mutual board. that number re-
tiring at that time.
If the November election bill goes through
and is sustained in the courts Mr. Fish hopes
to oust every member of the Mutual board who
is still in office at that time end by electing a
reform board bring about change of officers
1t is in view OF this possibility that so strong a
fight will be made against the November cleo
ton clause of the reform insurance legislation
In discussing the modified requisition which
the Truesdale committee made a few days ago
on President Peabody some Of the details OF
the stormy meeting of that committee which
led TO Mr.. Fish's withdrawal were made public
yesterday. Mr.. Fish is said to have declared
that he did not intend to ask any question of q
1900 year or other salaried employe which
was not asked of the trustees. He intimated IN
no uncertain terms to fellow committeeman
that they were not looking for the disease in
the right place. He expressed his belief In tbs
honesty of the small salaried men, This was
the cause OF the split, and the modified reouisl
ton lets the trustees off without cross-examipa-
ton
Mr. Truesdale said yesterday that no ne1v
member of the committee had as vet haen an
pointed The fire which the committed is ,,nda-
makes 1t difficult TO obtain satisfactory t,,,s-
tee to take Mr. Fishs place
The Tribune has already told how President
Peabody appeared at the Illinois Central Office
shortly after MI Fish resigned and demanded
oetaiied statements of various transactions bs
tween the company and Mr Fish. including ,ba
loans which had been made The answer. in
eluding information which was not asked for
was IN Mr. Peabody's hands within an hour
Inc Story circulated early in the week that
efforts were being made 10 effect a oor,nro,,,,so
by wh'ch MT. Fish would let the Mutual Iifa
a,ohe aha the standard oil-Harriman combIna-
ton would not raid the Illinois Central saer,s =.
have been based on visits which NJ ~ 20
oeived from Mr.. Hartman and Jacob IT go.
shortly after his resignation They mads ~
formal offers of any sort but thew irt,1s..Hs 10
tnA. II might De to mutual advantage for thA
opposing factions to get together. N"'