New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-14
AGENTS FIGHTING HARD
.,-T OLD COMMISSIONS.
n,.5reo 4ndresc Hamilton Still Re-
"Jadge
fuses to Talk Insurance.

- hamilton, the New-Gork Life legis
AGO. mi Of yellow dog fame, passed the
hn" s.v Of his return TO town with what
ss'0'- becoming characteristic silence on
is '1F matters. So far as can be learned.
nsI sid not word on the subject beyond
De l.-stion 10 the attorneys of the New York
O. as. -, he was ready to admit service on any
LIZ ~, snits which they might care TO bring.
CIV" reported Yesterday that General Lewis
.-.-sls had returned TO town. AS chairman
f--s Fouitable finance committee. he was de-
q witness by the Armstrong commit
..gular meeting of the New-York Life board
.s,sss will be held at the home office this
.oon and afterward the Fowler commit
-5n probably meet at the call of Chairman
-.-.,oe H Mackay. There is no chance Of
-u.on being at the meeting OF the trustees.
g no longer an official OF the New-York
II Is possible. however. that he will ap-
= before the Fowler committee and make
exclamation Of the enormous sums charged
.-,inst him on the New-York Life books as
unexplained.
aIuses" Hamilton spent most OF yesterday
=. ,,s old Offices in the New-York Life Build
: Es received & number Of friends in an in
= oeos but had nothing 20 say TO reporters
vHuld give no lntlmatlOn as 10 Wnen the
--.-,,ssd statement might be expected.
~. Truesdale committee is moving from the
IS which il has occupied at No. 81 Pine
s...st since its formation last fall When
s-,,zssant Fish left the committee the counsel
.-4tt had been employed also resigned. Joseph
3 r,oste has succeeded as chief of counsel
a-sts understood that the committee Will re-
-,7.ro Offices near Mr.. Choate's in Wall street.
The postponed meeting for the reorganization
=. ,bs Bankers Life Insurance Company will
!. ssls Al No 81 Nassau street tomorrow. and
A.. & sxpected that the stockholders Will then
\ ready 10 pay in deficit of s71.s00 which
-us, be done before the company can resume
,bs writing Of new business. This impairment
n rspitsl was discovered by the State Depart
rsrt Of Insurance. and the company has been
mt q the field since last December.
Attorneys representing James Hazen Hyde
declared that there was no truth in the report
,i-rulsted a week ago that the eX-flrst vice.
president Of the Equitable had given District
Attorney Jerome a written pledge that he would
return at any time his presence might be de-
s'-s5 Il is also believed that Mr.. Jerome has
m binding pledge on Richard A. MCCurdy. the
sy.r-esident of The Mutual Life, who, with his
wife sailed for France two weeks ago.
Tha migration Of Insurance attorneys and
syrerts 70 Albany VIII begin again to-day. for
he hearing on the insurance reform bills will
y resumed al 2. m. tomorrow. and will prob
ssy continue over great part Of Friday. This
psrt Of the hearing will not be spectacular
IS that Of last Friday The agents will not
rss plgrirage TO the spital in special trains
end rs presidents of the Big Three" as well
nsa score Of other companies, Will not be
sttendsnoe.
ne fight Of the companies against the reform
-sssCres vill he much more desperate at this
sssion Il the public hearing. 1t becomes al
uost last ditch fight with them. for IL seems
almost certain that the Legislature will act as
me committee recommends and that the bills
IS finally agreed upon viii go through with
-ush Il was explained yesterday by the at
urney Of one Of the big companies that there
would be no chance II continuing the fight In
ne courts If The reform bills go through The
lts insurance cornpa MES are corporations and
have no rights which the state does not accord
TIE courts would not permit the Legislature to
interfere with present contracts. and the com
nf1es seems 70 have been most careful to avoid
sry such interference. The companies can find
70 way. however Of denying the Legislatures
rEht 70 pass he reform bills
Although the agents feel that they have made
favorable Impression in regard 10 modihca-
Tons # The bills relating 70 the limitation OF
nsv business and the cut in commissions. they
az taking mo- chances. Letters and kilograms
by the score continue 10 pour in on the mem
lsrs Of the committee A sample letter is one
sent out by q Mutual Life agent. which reads
part as follows.
have been engaged as a field agent in the
insurance business for nearly twenty years and
nave made q study Of II with the full intention
making II my life profession, and II is now
proposed 10 drive me out Of this business and
compel me- 10 ind other employment lnsur-
eloe must be- written by the agents, or the
-aapanles must diminish The agent must re-
cave proper compensation for his talents, for
go=s he not establish a contract which is to
: continued for a number Of years, in some
ass as long AS fifty or sixty. years? What
oheg salesman who procured such a valuable
.-slonner would be limited TO the first bill OF
goods Sold
senator TUily n Steuben County is one Of
Z" committee who favors more liberal treat
"7Ii NJ agents He believes that an allowance
VI - per cent commission on the first premium
az renewal commission Of ~ per cent for
pTloo q from eight 10 twelve years should