New-York tribune., 1906-05-31
MUTUAL MEETS TO-DAY
Naming of Committees May Thro1o
Light ON Peabodg's Plans.

In some respects the meeting of the board Of
trustees of the Mutual Life to-day will be one Of
the most important since the management OF the
company passed out of the hands of Richard A
McCurdy and Charles A. Peabody became presi-
dent. At this meeting President Peabody will NOM
mate men for the five standing committees OF the
board of trustees. subject election by ballot OF
the trustees. according TO the bylaws Of the
company.
The important questions of policy and manage
ment will fall these committees. and the future
of the company will rest with them. The personnel
of these committees will therefore be exceedingly
interesting, giving idea of the character of
the administration of President Peabody. II will
also give something of idea of the members OF
the present board who TO retire when the new
administration ticket is made up
Following is list OF the committees to be noni-
mated by the President: Finance. real estate. in
surance and agencies. mortuary claims and audit
ing. The first three consist of five trustees
and the president and vice president ex-OfficiO-
The committee mortuary claims is to consist
of four trustees and the president and vice-pres-
dent. Each of these committees is to elect one of
it's members TO act a general committee which
is in the nature of executive committee.
The finance committee. which has been and will
be one of the most important committees of the
board. now consists of six trustees and the pres-
dent, vice-presidents. treasurer and general man
ager ex-oficio. The trustees George F. Baker.
George G. Haven Charles r Henderson. Adrian
Iselin jr. James n. Jarvie and A. d. Juilliard- A
man familiar with what has been going on in the
board for some time said last night he would not
be surprised If not single member of the present
finance committee appeared as a member of the
new. Some of the names would appear, he
said, because the men, disgusted with what has
been brought out about the past management of
the company desire to sever their connection with
IT. and the others would be missing because Pres-
dent Peabody desired men closer in touch with his
ideas about the way the company should be man
aged in the future.
The expenditure committee. which has gained
considerable notice since the grand jury
began its work. because it passed upon all the
padded bills that it has been learned presented
to the company passes out Of existence to-day. Its
three members are now being sued for the recovery
OF moneys alleged to have been lost through their
neglect. 1t is not thought that these men will go
on any of the new committees James c. Holden.
one of the members of the committee. is the oldest
member OF the board IN point of service, having
been first elected In 1867. James Olyphant, the
chairman, is the third in point Of service. having
been elected in 1868. MIR. Miller has been a trustee
for nearly twenty years. 1t is understood that
Hermann G. Post, the second oldest member OF
the board in point of service made up his mind
TO refuse denomination. He has served since 1855
At the meeting of the board Of directors of the
Equitable to-day the plan for semi-mutualzauon
of the company will be considered IL cannot be
adopted until the injunction obtained by Franklin
B. Lord is modified. Application for this modifca-
ton will be made before the Appellate Division
Second Department. on Monday.
News that the Mutual Life has applied for an in
junction restraining the North British and Mercan-
tile Insurance Company from taking over the Brit
ish policyholders of the former is the first indica
ton of the fight that Emory McClintock. vice-presi
dent of the Mutual. who has just reached London
will put up to Illustrate the plans OF d. c. Halde-
man. The Mutual has decided to spend all the
money necessary to keep it's British business. and
the fight promises to be interesting one