New-York tribune., 1906-06-26
TO AGREE on TICKET
TRUCE WITH THE MUTUAL
international Association to AUoid
T'1co Sets of Candidates.

be arranged between the International Policy
holders Committee. the membership of which was
made known yesterday and the Mutual Life Pol
icyholoers' Association. of which Bernard n.
Baker, Of Baltimore, IS chairman regarding the
Pocyholders ticket for the Mutual Life II is con-
ceoed that to have two independent tickets in the
field would seriously threaten the success Of the
object Of both associations which is defeat the
present mana cement.
When John Dewitt Warner, chief counsel Of
the Mutual Life Polcyholders' Association, was
asked yesterday whether the association had been
approached by the managers OF the International
Committee regarding cooperation ticket, he
said:
That is fair enough question, but 90 not care
TO discuss that matter. I am confident however
that neither the International Committee the
ed or attempted in any way to obstruct or antago-
nze the work Of lie other. Whatever may be the
present questions to plans or policies, 90 not
believe the present Mutual Life administration can
count upon any serious DIVISION II? Wlat am i, ue
viii be the overwhelming vote Of its own policy
I glad to see that the International committee
has distinguished membership, and hope and
believe II VIII be most aggressive IN IT'S work we
see why our rivalry should extend beyond seeing
who can do the most for the polcyholders
No official of the Mutual or the New York Life
could be induced TO comment on the personnel OF
the international polcyholders committee for pub
lication yesterday.
1t was said on behalf Of the committee that the
members expect to poll fully 20 per cent of the
votes or foreign pCLCyHOl0erS Tor the dnIl-OIE AiAu
anti-Pesbody tickets. A change made yester-
day in the announced date for holding the meeting
for the organization of the committee. Instead OF
Tuesday. July 10 It VIII be held on Monday. July g.
President Peabody OF the Mutual said yesterday
that short talk he had with E H Hartman had
no bearing the insurance situation. In reply
TO questions he said that final decision had been
reached regarding the future OF the company in
France. The company has sixty days from the
PRONUNCIATION OF the French law requiring it 10
keep the legal reserve all French policies in
French securities in which to decide whether il will
comply with the law withdraw from France.
The PRONUNCIATION was made about ten days ago
The decision will not be reached until the return
Of president McCuntock. who IS now in
France. going the situation. Mr.. Peabody
said:
The exact amount of money we would have to
invest in French securities, If comply with
ably be between SIS 10000 and s000o000. These Sc
curities yield only per cent. Our securities now
mean loss to the policyhoders at large Of about
III per cent on the $l5,OO6.OOO or S2OOO0O00
discriminate in favor Of our French Pocyhoiders
by making class distinctions just because the
which we must transact future business, if at all
Although If the company continues TO do busi
ness in France 1t will have TO put up the reserve
on its old policies President Peabody said he dd
not how the French government could force
it to do so. If it decided to write new business
there.
y do not believe they can keep us from collect
ing the premiums old policies il we do not put
up the reserve he said. "If they should it would
mean simply that all the French policies would
be lapse That would be an injustice to which
I do not think the government would be party
The monthly meeting of the trustees of the
Mutual Life will be held tomorrow The Trues-
dale housecleaning committee will make a report,
which will DEAL it is understood with OF the
conditions unearthed by the insurance grand Jury
through the assistance Of Andrew c. Fields. Fields
could not be got TO testify before the Truesdale
committee The final report Of the Truesdale COM
Inittee is not ready.
Thomas z. Drake, chairman of the executive
committee of the National Association of State In
surance Commissioners. which met at the Hotel
Manhattan in this city. yesterday. after the ses-
sion said he thought the Armstrong laws as
models for uniform legislation could be OBJ
tanned. He continued:
have certain objections 70 them. of which do
not not care to speak but all things considered they
favor Of uniform Insurance. laws in all the states
and | think most insurance superintendents
day BECAUSE that is in the hands Of the Special
committee of fifteen. appointed when the special
in February This committee, Of which Thomas D.
gust To formulate code which viii be presenfed s.
TO the convention Of the association in Washing
as a uniform code by the various states, The
the better for the public. the companies and the
insurance departments. The last named will then
be less expensive and easier TO administer.
Mr.. Drake is from the District Of Columbia, and
the committee yesterday decided to hold the annual
convention In Washington October 2. 8 and T.
H b F. Macfarland. president OF the Board OF
Commissioners Of the District OF Columbia, will
give the address Of welcome. II will be responded
to by Commissioner James V. Barry. OF Michigan
Addresses TO be made by Carlos S. Hardy, sec
retary and counsel Of the endowment rank of the
Knights Of Pythias. and William B. Joyce. presi-
dent OF the National Surety Company. OF New York
The members Of the committee present
Rean Z. Folk, of Tennessee; A l. Vorys, of Ohio;
c. W. Fletcher, of Massachusetts; J. V. Barry. OF
Michigan Theron Upson OF Connecticut, and Major
J. J. Brinkerhon. OF Illinois. The last three are
president. vice president and secretary respecive-
iy, OF the association. The committee on blanks of
the association also held meeting and decided TO
make certain changes in forms S as obtain a
closer uniforrity In the various states