New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-02
FISH MAY LEAD FIGHT
Continued from first page.
day that until after this meeting no one could
say what the company would do.

PRESIDENTS TO MEET AGAIN.
1t is said that there will be another conference
Of the heads of the big insurance companies
similar TO that held at President Morton's office
last week as the various boards have
decided a course of action. II is almost
certain that the big companies will appear indie
pendently, but that they will take practically
the same stand on most of the proposed new
laws. Any'Combina ton delegation would SAVIOR
too much of lobbying to he considered at this
time. President Morton. before leaving here for
Chicago yesterday, said that the Equitable
would have nothing to do with any move toward
lobbying al Albany. He will return from the
West early next week. and In time for a con-
ference-H one is called-as the hearing will
not begin.
There is no doubt that the big companies will
be together In their opposition to some of the
measures of the Armstrong committee. AT
the dinner on Wednesday evening OF the
Life Underwriters Association Gage E.
Tarbeli' vice president of the Equitable
made a plea TO the underwriters to stand to-
gether. He said that this was no time for any
HE insurance man to smile at the troubles OF
another company. He added significantly, You
don't know whose turn will come next"
Richard A McCurdy and his party spent
the Hamburg American line pier in Hoboken
The president of the Mutual Life did not leave
the imperial suite which he had taken for the
voyage yesterday morning, although 1t was
nearly noon before the steamer finally left the
pier. He received several callers after they had
been duly vouched for to the satisfaction OF
the steamship attendants. who guarded all ap-
proaches to the McCurdy cabins
M'CURDY TO STAY ABROAD
Louis G. Thebaud. Mr.. McCurdy's son-in-law
who sailed with him, was the only member Of
the family that had word to say. He said:
Mr. and Mrs. McCurdy will go TO the south OF
rance or 70 ltaIy they are not positive as yet
Mr. Gurdy viii end his days abroad. l do not fear
any legal action at the hands of the Mutual Life
a94a s All got from the company was on
If 1t IS not all right the trustees responsible
1t was learned that Robert H McCurdy will
remain In New-Jersey for several weeks straight
ening out the affairs OF the family. He then ex-
poets to go abroad with his wife There was
considerable comment yesterday that the Mutual
Life had instituted its suits in New-York where
Richard A. McCurdy has property, instead of
in New-JerSey, where he is supposed TO have
held more than 81 100000 against which attach
ments could have been issued. Most OF this
property ii is said. has already been transferred
to his wife
The efforts of the stockholders of the Bankers
Life insurance Company TO put that concern on
its feet VIII be watched with much interest in
insurance circles. When examined in December
the state Department of Insurance found i'm
pairment of close to 90 per cent Of its capital
stock Superintendent Hendricks ordered the
company to stop taking business and SIM
liar action was taken by commissioners of other
states The New-York superintendent gave the
company until May TO make good the impair
ment.
reform movement was instituted by H X
Stokes who has been acting as president since
the resignation OF Foster NJ. Voorhees, formerly
governor of New-Jersey, last September Early
In the year steps were taken 10 make good the
impairment and as result a meeting of the
stockholders held yesterday.
When seen at the close of the stockholders
meeting yesterday afternoon Mr. Stokes seemed
surprised that knowledge OF the meeting had
we are talking over plans Of reorganization
he said TO a Tribune reporter. and have every
hope of getting the Bankers Life into the field
again with greater strength than ever. Abso-
lutely nc decision was reached to-day although
there was perfect harmony at the meeting The
stockholders adjourned until week from
to-day when it is hoped definite action can be
President Stokes said that he knew Of no
opposition to the company's reorganization plans
which amounted TO anything.
If certain changes are made. particularly GER
tain contemplated increases in the companv's
capital stock" said Mr.. Stokes the Knicksr
booker Investment Company will continue IFS
interest in the company. 1t would not be rirhr
for me TO say at this time what stock increase
is contemplated.
Does the plan Of reorganization include a, ar,
tirely new list of oficers?' was asked
1T is not unlikely that there will be changes
in the officials" Mr.. Stokes replied The ma
tority of the stock of the Bankers Life is owned
by the Knickerbocker Investment Company and
men who are interested in that company It has
been handed for some time under a voting trust.
1t is likely that there will be changes in the vo
ing trustees. The Knickerbocker people win
probably nominate certain officers under the new
arrangement"
viii Henry B. Townsley join in the reorgani
zation?' was another question
1T Is not likely that Mr.. Townsley would toIn
in any plan of reorganization" was the renIv
He was formerly an agent of the company hnt
has never been an official. Ever since he lost a
lawsuit over certain renewal interests ha bas
been lighting the company" 80 mas
COLBY ON BANKERS COMPANY.
cambridge Colby, who has assisted in the raor
ganization gave The Tribune this statement las,
night:
The condition OF the Bankers Life Insurance
Company should occasion no unsasinsss anon ens