The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-03-25
CHANCE FOR LApSED POLICIES.
vo1JTABLE SEEKS TO REGAIN
BUSINESS LATELY LOST.

eo.ndals In the Mutual Expected to
~" vo,,ou, the McCurdy Suits-Family May
ssek to show That Some other Trus-
tees We're Equally Guilty OF Waste
o.s,dent Paul Morton Of the Equitable
~. Iss,Iranc Society has sent to all policy
s-,I.rs who allowed their contracts to
""oa IN the period since the insurance
nprdaIs began a letter which contains
this proposition:
vor may not know that II you are still q
.,,lsfsctory life insurance risk your policy
AN be reinstated and you can be restored 10
. sams position which you held as a policy
S.Idsr prior 10 your disoontlnuance aud
%,b eli the benefits and privileges existing
'. ,hst time. You undoubtedly do know
NJ an old policy such as you gave up Is worth
- more to you than any new one can pos
nv be. The society will be glad to serve
snn In this connection, and upon receipt OF
Sour reluest for information on the enclosed
slp will furnish full particulars.
The former pollcyholders In order to be
,.instated will nave to pass a physical ex-
.mination the same as a new applicant
and pay UP the premiums which, are in
arrears. uomoA hu
d. Mutual and the New York Life, and
q IA thought that it will be, thousands Of
nn,WcvSolders who have let their contracts
knse through fear inspired by the dis
JogIres Of the past year will have an OPP
S~nr|1Inity to be reinstated on the old basis.
fbe Equitable LIES annual statement
;ssned recently showed that more than
a. 100000 had been paid out In surrender
SsSTss in 1904. Mr.. Morton reiterates his
ratsment that the policy Of new manage
Sant Of the Equitable will be to get the
best results for p~oIicyh9iders' t.
dsfending the suit brought against him BY
IA Mutual Life Insurance Company will
Saek to show that many trustees OF the
company are equally liable for the alleged
waste.
he sweeping character OF the complaint
srainst the former president, and II the
,Tion is pressed sensational developments.
IN reard to the Mutual's inside transactions
Tnder the old regime will, it is said, be
forthcoming.
Curdys have kept In close touch with the
Wuttal's old legislative agent, Andy Fields,
and that there may be another Andrew
Hamilton performance. 1t was reported
frtber Yesterday that Mr.. McCurdy in his
dsfence would contend that some Of the
trustees Of the company had got commits
ions on policies on their own lives from the
firm of RAYMOND 4 Co., the commissions
having been booked as out and out pay
ments BY the Mutual to Raymond & Co.
A report that President Peabody had
decided to resign within two months was
smphatically denied by Mr.. Peabody him.
sH and by several Of his friends.
The remaining seven complaints IN the
actions against ex-President McCurdy,
bis son, Robert a. McCurdy, and the agency
finn OF Charles H. Raymond & &c will
probably be served this week.
Members Of the Armstrong committee
met again Yesterday at Charles E. Hughes's
house and continued their consideration
d the objection raised by the insurance
companies to the proposed legislation. 1t
sexpected that the committee will be ready
10 report its entire revised programme to
the regular insurance committees OF the
legislature some time this week