The Montgomery advertiser., 1906-10-17
MRS. JEFFERSON DAVIS
 IS DEAD IN NEW YORK

abstain from exercising any kind of coercion and from submitting to any coercion. It is also proper to say that 1t is not in accordance with this com mittee's view of the proprieties of cor porate management. or in the interest of the company or its policyholders, that the subordinate officers of the company should be permitted publicly and avowedly to attack and critiize the superior officers and committees. and the policy which has been adopt ed for the transaction of the com pany's business. With the personal opinion and the vote of the employees Of the company, this committee has no concern. but 1t Is of the opinion that the open and avowed action of It's em- ployes must be consistent with prop CT support of the company. and de- sire to maintain the integdity of its business. It is manifestly impossible for an agent to solicit new business successfully while he Is publicly de- claring that the company's trustees and management are unworthy or puDiic confidence"
 The investigation at times took a wide range. and once MT. Peabody pro- tested. This was when Attorney Brown asked Mr. Peabody who sent out the ballot from New York with only one ticket on 1t. Mir. Peabody replied that the company did not. and MT. Brown asked who did. This brought out the protest. and Commissioners Prewett ruled that only the affairs of the company were being investigated, Mir. Peabody then stated voluntarily. that he himself had sent out the bal lots on his own personal account, and this ended the matter.
 Effort was made to show that cir
 Ntnk knto n been sent out by the New York of flee of the Mutual Life Insurance Com pany as campaign matter, but MT. Pea body stated that the circular was printed because it was physical inn possibility to reply to all the letters that came into his office asking for information on the three tickets
 The Discharge of Fell.
 Although it was without the juris- diction of the Kentucky commissioner. MT. Peabody was asked why Herbert N. Fell of New York had been dismiss ed. He stated that MT. Fell was oirtti< cising the company and was in such a position that he could not discharge his duties as manager of the New York office.
 Mir. Peabody said further that he wanted it understood that the com pany is not doing any campaigning. nor have its agents been told that they would be dismissed if they did not get votes for the administration ticket. Mir Brown then asked the direct ques- ton whether or not the company would not in the end bear the expense or running the administration ticket In the coming election and his reply was:
 "If you are fishing now to find out that the company is paying the ex- penses of the election. you will find nothing. The company Is not paying and no one expects to be reimbursed. But I will answer your question as to my object in spending money in this election regardless of whether 1t Is a proper question. My object is to se- cure election of that ticket because oi my interest in the company and be- | cause I am poltcyholder. In replying to question by com missioner Prewitt. MT. Peabody said he was spending money for the ad- ministration ticket because he believed if to be for the best interests of the policyholders.
 "Since I went with the company" he continued "I have been much hounded and abused by persons and by the press. I am seeking . vindication in the election of the administration tick ct. The law required me to put 1t in the field" MT. Peabod, said he did not know. personally T. P. Morgan, the Washing ton, D. C., manager of his company. hut admitted later In his testimony that he had paid Mir Morgan's expenses on a trip made in the ineerest of the ad- ministration ticket
 Hindman On stand.
 At the night session Colonel Biscoe Hindman, of Louisville. the deposed general agent of the Mutual Life In surance Company for Pentucky ana Tennessee. was the principal witness. He told of several conferences and had read a number of letters exchang- ed before his discharge.
 Colonel Hindman said he was asked to support the administration ticket and to write q letter affirming such ac- tion. This he declined to do. He was then called to New York and told ne must either affirm or retire from the company.
 Colonel Hindman said he considered the Mutual Life Insurance Company safe company but he could not approve the McCurdy trustees.
 Herbert N. Fell, of New York re- gently manager of the company in New York city gave testimony along siml- lar lines.
 The hearing was concluded at II o'clock the last witness being J, F. Williams, acting manager of the Louis- vile office of the Mutual Life Insurance Company.
 Commissioner Prewitt Is not expected to announce his decision before next week. s....- F. -