Arizona republican., 1906-10-20
INSURANCE ELECTION
 BEGINS IN ARIZONA
A Two Months Struggle For the Con troI of the Mutual and New York Life Companies.

With the campaign being waged by the republican and democEatie-eand dates for delegate to congress that is now on in the territory. little is heard of another campaign which is being waged in Arizona. as hotIy contested as ever was any political campaign. It is the campaign in connection with the election of new boards of trustees for the big insurance companies the Mu- tual Life of New York, the New York Life and the Equitable. Thursday was the first day of the period designated for the election. On the result of the election depends the control of assets of insurance companies equal to S9OO,- 100000. The election is held under a law passed by the last legislature in New York state the result of the insur- ance investigation. The polls will be open until December 18th, but yester- day, the first day, there were several votes sent in to the election boards of one Of the companies.
 POlicyhOlders of the Mutual Life are offered three tickets. from which to select the names of thirty-six men to serve as trustees. New York Life pol icyholders will vote from two tickets. Policyholders of the Equitable. the Mutual Reserve and the Security Mu- tual have no choice but to vote the administration ticket or refrain from voting. no opposition ticket in the case of any of the companies having been named.
 The local officers and agents of the Mutual Life are all staunch supporters Of the administration ticket and are making every effort to secure the cleo ton of the trustees named thereon. That they anticipate a great change in the office and field force of the com pany in the event of the defeat Of the administration ticket they do not at tempt to conceal Yesterday from the local office of the Mutual Life company there was mailed to all of the policy holders in the territory a personal let ter by Shirley Christy, the local man ager of the company. This letter reads is follows:
 You are aware from circulars sent you. and newspaper accounts. that there is now on, an election for trus- tees of The Mutual Life Insurance Company of New York.
 You have already received the bal lot which is to be voted. with full in- structions how to vote, etc.
 "I have nothing particular to say against either the Fusion or United Committees ticket, except that I thoroughly believe the interests of the poiicyholders will be best served by you voting the administration" tick ct and thereby retaining in control those men who are familiar with the life insurance business. and who for the past year have so successfully handled the assets of the company. They have decreased the net expenses for the past eight months, nearly four million dol lars (s4OOO.OOO) You can verify this statement by references to the circu- lars, given out by President Peabody, under date of October 1st, which you undoubtedly have already received.
 'I am especially interested in theI election of the administration tick ct, for the reason that the election of either one of the other tickets. would in all probability mean, not only al change of the agency manager, butt also the discharge of my entire field force,
 have been a resident Of Arizona forI twenty-three years, and have for the past seven held the position of mana