New-York tribune., 1906-08-17
ATTACK ON M'CLINT0Ck.
LETTERS MADE PUBLIC.
His Course Perfectly Proper, Mutual
Officer RetOrts.

OUtCCf ItCfOf tSs
Counsel for the International Policyhoiders' Com
mttee gave out yesterday certain correspondence
between Emory McClintock. vice-president OF the
Mutual Life. and w L. Holden the company's
former Massachusetts, Legislative agent" in which
Mr.. McCIntock tells Holden TO kill" certain legis-
latiOn
In a statement made 20 a Tribune reporter last
night Mr.. McClintOck declared the correspondence
was perfectly open, honest and fully JUSTIFIED by
the circumstances He dsavowed any knowledge
of a telegram alleged TO have been sent by Gen
eral" (Andrew H. Fieids's nom de guerre) TO Mr..
Holden and given out by the committee with the
correspondence
Mr. McClintocz's challenge TO Mr. Untermyer 20
produce Mr. McClintock's written instructions to
Mr. Holden las to how 20 kill legislation" pro-
voked the publication of the correspondence.
THE CORRESPONDENCE.
The statement givon out by the international
committee says that in February and March. 1900.
bill was pending in the Massachusetts, Legislature
in the interests policyholders 20 the payment
OF cash reserves paid up policies. Mr. Holden was
the legislative agent for certain insurance COM
panies of Massachusetts, under Mr.. Fields. Under
the date of March l. Mr.. McClintock, the statement
says sent the following telegram to Mr. Holden. at
Boston:
Bill regarded here as wickedly vicious In prin;
cple regards paid up policies. / favored ns nli
Foster said he would not oppose. Hancock. how
ever. opposes free trade. and Foster opposes per-
way. otherwise want present law unchanged.
Under date of March Mr.. McClintock sent the
following:
Better consult Mr.. Foster if he and Commissioners
Hancock by forcble representation Even wthoHt
that amendment accepted by them shouiG % SatSS t ~
here and elsewhere desire bill beaten. No amend
ment desirable on other sections
Under date of March 12 this telegram sent.
it is alleged:
w j. Holden 43S fremont Building (BOston)
Have mailed you draft for six on Boston to-day
Under date of April 7, Mr.. McClintock sent this
letter to Mr. Holden;
Yours of March 20 was addressed to the New York
Life. and reaches me this afternoon.
surrender clause back where it was at first.
need not say that hope the bill may he KILLED,
the other large companies assured me that I rep
resented their views exactly.
Who did it?
MR.. MCLINTOCKs STATEMENT.
According to Mr. McClintock's statement 10 the
reporter his letter on April IL explains in a few
words why he wished that the amendment be
killed. by the amendment those who did not pay
all premiums had decided advantage over those
who did" said Mr. McClintOck. "and said frankly
that 1 would rather that the bill be killed than
passed in such amended form"
The letter he mentioned follows:
such was compromise which l never SaI eoe,a
RIt o Setween no. peope Who nav ali pre
miums and those who don't, to the advantage OF the
surrender charge on your return, but presume you
were satisfied it could not be passed9
1t is because il is foolish and all eyes II that
Mr. Hull thinks it quite impracticable to put it
NOT DSn ts5r qV05e yo4 no f tor TO Tv af but
fear that if you do try to get II back you vii so
bill after you fail
AS on the same date (April III Mr.. McClintock
sent this to Mr.. Holden:
FogTs received lit i is 81 H GOD that s XGg will do
OF mine OF l1th apparently overlooked by you
meant that If you failed in effort 20 amend.
l have written to Messrs Hopkins. Keep & Hop
kins. asking them to place certain points before |
VIII also communicate with the Metropolitan.
"Only this morning" said Mr. McClntocIz last
night Il understood that Mr. Holden called up one
of my friends in the Mutual Building and told him
1t would be highly disadvantageous to me if this
correspondence were published at the present time
He added that up TO date the originals were not in
Mr.. Untermyer's hands. 1 told my friend that Mr. |
Holden might go ahead and do all he wished For |
some months Mr.. HOlden's mutterings have come
10 the of my friends. paid no attention TO |
them or TO his complaints that he had not been /
taken proper care Of
RELATIONS WITH HOLDEN
In the afternoon before Mr. ITntermver madA |
reporters saw the originals OF several of the let
eers and telegrams), Mr.. McClintOck discussed his
relations with Mr.. Holden. He said:
never met Mr.. Holden until 1900 at the time
this bill was pending before the Massachusetts
legislature. At that time went to Boston with a |
letter of introduction to Mr.. Holden from Mr.
irannis. Of our company. Up to the time of going
TO Boston did not have anything to do with the
measure in question. There 1 met a number Of Il
prominent life assurance actuaries who, like my
self, were interested in this proposed legislation
The matter of much interest to the life in
surance companies. took an active part in draft
Ing this reserve measure.
Later had some correspondence with Mr. Holden
about the bill The original bill was loaded uD
with amendments. admit telling Mr. Holden that
rather than have the bill the Legislature with
the amendments which were proposed / would have
the bill killed While telling Mr.. Holden that, /
never gave him any Instructions as TO how TO kill
the bill. The bill finally passed in it's original form
Later. Mr.. Holden, while in New York called at |
my office, but under the impression that the
only business relations i had with him were |
In the matter referred to.
Mr.. Untermyer has other legislative correspon-
aence which. IL is alleged, concerns other Mutual
Life officials.