New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-02
FISH NAY LEAD FIGHT.
m-TuAL MEN DEMAND IT.
First Steps for International l"0eSf'-
eating Committee.

iakeh - .,-ae, Stuvvesant Fish president or
sponaen0' ,-.,,rsI who recently left the Trues-
me i'---, .-,,,,ee and later the Mutual hoard ana
oA' NorthcIiffe representing the BRUSH
'i..-s,lsers' protective committee As re-
,.,s and Of pressure brought to pear
gu. ,,, well known policyhol6ers In America
O ,l'' ..i,s,,ed that MI Fish Will head the
i n.r,cb will try 20 do from the outside
o-''-,- ..,-s was impossible from within. ms
"H'' nav ultimately result in an effort 10
a. Fish 10 the Mutual presidency In No
- - the Legislature adopts that recon-
''l-'-. % the Armstrong committee.
s,ornv special meeting OF the Mutual
,be hoard decided 10 appear at hear
-. ~ ,be report which NAV be called at Al
ae The members asked President Peabody
- ,r,o-mstion needed in continuing their inves-
~ The tone Of this request is said 10 be
s..,se5 modification Of a previous request
,ti,b President Peabody denied ana "hlch uIli-
s,.I. b-ougbt about the Stuyvesant Fish split
The new request is not concerning lhdl'luua1
directors.
u,eb the sailing of the Amerika the head of
-. Norurdy family departed for France ana
,..,v He will end his DAYS there. according to
~ interview given by his son-in-law, Louis q.
rbebaud who sailed with him.
BANKERs' COMPANY PLANS.
The BANKERS Life Insurance Company. which
,ss forced 10 stop taking new business last De-
..,,s- after an investigation by the State In
.,,s,cs DEPARTMENT is making desperate eirorts
- %, m its fee There was a meeting OF It's
stockholders yesterday. and plans were mapped
~, which not only provided for the immediate
. ss-
I'M, FOR an increase in its capital stock. II Is
ss,s that tbs will cause the election Of new
crcsl board and that the subject viii probably
~ arranged al a meeting Of the stockholders
usr Thursday.
The movement 10 have Stuyvesant Fish head
g mutual policyholders' committee has been
slowly gaining ground ever since he resigned
from the board Il took a particular bound yes
,srasy morning. when cable message was re-
eeived by Mr. Fish from Eiscount Northclife'
better known in this country as Sir Alfred
Hsrnsvorth. who is the chairman Of a powerful
conmitte4 which the British polcyholders formed
tor their protection. The message was dated at
London and read
British Policyholders Protective Association COM
rittee view with apprehension your resignation
ron the investigating committee: Does TINS I'M
uly abandoning YOUR strenuous efforts for a thor
Ough Investigation and genuine TetormE 1hey
urge you 70 continue support, with all your power
from trusts and Wall Street making It once more
really mutual and managed solely IN the policy
holders Interests Reply CaTmeiite House
Mr. Fish studied this message for some time
and called several Of his supporters into confer
encs He talked over the situation with Samuel
Uniermyer who viii probably be one of the
counsel when an international committee is
formed He finally sent the following reply:
Csbl, received. Having become satisfied thorough
investigation from inside inpracticable. ] resigned
ron committee and later from board The COM
laa policyholders movement for Investigation and
reform. What would YOU SUGGEST Would you also
JON International pocyholders' committee and pro
ade suitable French ana German representatives
ior whom you can vouch?
Il was stated that any movement which Mr..
hsh heads win not be eutangled with the So
called committee of governors or with the body
Of pohcyhoders banded together by Thomas F.
lawson Of Boston. It's work will be confined
strictly to a housecleaning Of the Mutual Life.
and its strongest efforts would be directed TO
getting sufficient number q proxies to con-
iTol The annual election. Il was said yesterday
nat Il would not he unlikely that the policy
aoders would insist on Mr.. Fish taking the
Presidency. He declined 10 discuss the posi-
NLW 1t would also mean that the British
ioicyholders and possibly The German policy
naoers would have representation on the Mu-
tua board
MUTUAL DIRECTORS MEET.
The fact that the British policyholders had
entered the fight for a thorough housecleaning
V ue company was known 10 many of the
directors Of the Mutual Life when they met
yesterday noon. Il helped on a spirited if not
s'0'a'y' discussion, about which no details could
. obtained at the close Of the meeting. Presi-
1sa' Peabody gave out a formal statement
"AoA read as follows:
s!he designations OF Bingham p Morris and
pseRls5 psspe s- fiS1 as members Of the board were
ne opinion OF The Hon Jose,r u C,,,o.+. ,7,.;s
cirsy ~ oLstikiie oi suits against Richard A No
C6a-sauUq auq booert X McCurdy and the firm OF
baU6 ~ N INd lohd q Co. including L. A The
prs.sSs Vas Teac. as was statement made by the
Nr C5o,,t.a .tai SUITS were Instituted on receipt of
~ C.uale hrst expression OF ms views before
presentation q the formal o3irior 80 ''''
lie So So ron Messrs. Truesdalo and Auchincloss
Cs1ins 81 committee. addressed 10 The rrasileDr
bseD MI y. ael oi prior communication which bad
the bosr5 ia"h' was read FOR the information Of
Isoonme5s.,o Il 81 the Armstrong committee and its
tae presi6eT, - TOT ieslslaGon We're brought by
fl.
P.snsuogs in 5tft resident McCiintock made ex-
Proposed - - detail after which the foIlovirf was
The bosyys GGl-.nodore Ge-ry and adopted.
ne arrnst-S, having oulE considered me renort NJ
Ion NbjoI iss committee and the pending icgisla-
iet IN p5Tsp - ptopose1 hy the Armstrong commit
Resolves Ss ~ o. Tie said report n IS now
Committee =. i-.at so much of The reporr ~ the
referred a. - i-ol t1enos remedial legislation he
ty 70 anne ~ president and counsel win aTibnr-
o. the ms lore The Legislature al ana. IeariI,
lfesent srci 'ss.toquced 10y the committee ans ~
.9csmenf r,s.la,ts la,ts and considerations as Il, tbeir
@ he comma ioht enectivey protect the int feress
ResovAs ~ ana Us po.ics holders
A.les n ~ --al as TO the other r,st-e-s co--
l'es6ent ~ .rpoft the same bc -afsrrcS - la
seton Il @dI'he and report 10 ms bos-5 ,,l,ai
AZ, The So. g.. siould be taken raere,D- "a IL,
re repor nj !!'h ~ his report further sotio1 IN
REG committee be pos:poaea. 90
sos.rs s',-,,'eniing = on Tie Recommendations ~
b. pr.-.3 :, ohoate, az attorney who Is IlkeIv "a
nay = ','sit @ in any outside investigation which
Us 49,. o,'''Aenoed declared that toe o,,,nion
t1se,- 80 80. lie Characterized he r.,ls os
secc5 ,, s~ins' men who are now Aeyo,.d ,ba
crsdr. 5e's'neats. The fact that ,he IL
'aaps,l me-. ne accepted service through tao.-
ae,ne,. meant nothing. he declacc5 - .,'~', >.
The sp...y, gy e'iaul' could not be collected
sbIct special meeting - ne y.