New-York tribune., 1906-04-18
HUNT JONAH In MUTUAL,
DIRECTORS FER .STORu
Fields VIII Fight if PreSsed-Nev
York Life Cuts Expenses.

--r.-e IS said 10 be a great feeling of uneas,
=. o1,ong the trustees OF the Mutual Life In
re Company. So far there has been an
.,r,n, 10 make the McCurdys the Jonahs bu,
= * felt that another Jonah shoulS ha
-, overheard for the good of the causa
s.-.,relv enough none Of the trustees wish IN
-, he role. Some OF them feel that the hest
% rrofect their own interests is 10 remain
!. ha boat until the present storm has blown
over.
ssinclination OF any one TO resign may cause
-. IN The board il is said that some of the
-.s,,bers fear revelations which may be made
=. Andrew c. Fields the former head of the
..,,Dlv department. According TO persons in
- with him. Fields is prepared 10 make a
.s..-,ert which would be more sensational than
=. -,sse lsy Judge" Hamilton after his return
from Paris.
- has been told. the vouchers of the supply
..,ar+r7ent prior 10 September. 1905. miss
49,. Il IS said that FieI2s knows just where TO
-. his hands on them. These vouchers, accord
:rr 70 those in a position 10 know, did not con-
-, ,l,e N~Curdys alone. but number of the
.,bs- directors Cf The company as well. 1t is
,,is that these vouchers show that hundreds
.,6 hundreds Of dollars were expended under
me head Of telephones" cab hire" figures in
large numb OF vouchers. The vouchers
sbou il is said, that money was spent for all
sorts Of things which would not ordinarily be
clsssed under the running expenses Of an insur-
aaoe company.
FIELDS WILL FIGHT. FRIENDS SAY.
Inst at present Fields is saying nothing. He
4, waiting -ateutly for the filing Of the COM
lsin,s in the suits against him. If the suits are
"a he only paper suits" and are not TO be
pushed vigorously. he viii probably 'let well
enough alone" But so sure as the company
Starts 10 press him and tries TO take away any
q. his property he viii fight back, and fight
hsrd. his friends say. Their impression is that
FIELDS viii not be pressed too hard
Genehurst, the handsome home Of Fields in
robbs Ferry. has been leased TO Percy A. Rookie
ssler. nephew Of John D. Rockefeller, from May
I Members Of the Fields family are therefore
hunting another home. They had intended TO go
70 their home near Ocean Grove. y. J., but it is
said thar Nr. Fields feels that it would be better
for him 10 remain in Dobbs Ferry. There he
could keep in touch with his doctor as we'll as
with Henry C. Velte, his attorney.
Thomas P Fowler presided over the first meet
ing Of the Investigating committee Of the New
York Life Insurance Company since his return
from Europe. in the Hanover Bank Building yes
work done in his absence only routine business
was transacted There viii be a meeting to-day
and another tomorrow. when an adjournment
viii be taken until next week Frequent meet
ings VIII be held until the final report is formu-
lated
The complaint in The suit against Judge" Ham
lton was not served yesterday on account of the
absence OF James Il. Mcintosh, head Of the law
depg~tuleut of the New York Life.
Officers Of the New York Life who have had
their headquarters in the downtown Offices Of
that company in The Hanover Bank Building
are moving Up 10 the main Office. at Broadway
and Leonard street. Thomas A. Buckner. vice
president Of the company. said yesterday:
We are giving up the Hanover Bank Offices on
Nay 1 10 save expenses, The financial offices
viii be ar the home Office after that date. This
Is IN view II the pending legislation. which viii
reduce the volume Of the company's business.
Among those who have moved 10 the home
Office are Darwin P. Kingsley vice president;
Edmund D. Randolph. treasurer, and Mr.. Devlin.
in charge II the real estate department. II is
said that The fine Offices occupying a large part
Of the second floor Of the Hanover Bank Build
ing probably cost $4,000 d year. This amount
VIII be saved, as well as the salaries of some
of The employees there, IL is understood.
The board Of directors Of the Equitable Life
Assurauce Society viii meet a week from to-
uey- 1It new bylaws VIII De adopted al lIiStl
time and The annual election Of officers VIII be
postponed p some later date. Word has been
received from ex-President Grover Cleveland
that he wlH nor be in town until next week.
An officer of the society said yesterday that
NE failure 81 julius and Rudolph Bohm. who
Tor long time conducted one of the largest
agencies rf tle Equitable. was undoubtedly due
70 the fa.- that Paul Morton. the new president
ot the society. had cut off their advances. The
petitiou .r bankruptcy showed that the firm was
indebted F1 The Equitable 10 the extent Of
td7e5Ia- Ilr some time they had been reCeiv-
ING large aIVances from Cage 7 Tarbell.