New-York tribune., 1906-03-28
PEABODY WILL REMAIN.
Mutual Life Head Not to Resign
Trustee May Quit.

Charles A. Peabody will not resign the presi-
dency Of the Mutual Life Insurance Company at
the meeting Of the board Of trustees to-day. This
was announced last night by an oficer Of the
company. For several weeks there have been
Tumors that Mr.. Peabody would resign. The de-
cision not 10 resign to-day was reached after a
long conference with friends.
The resignation Of Robert A. Granniss and DR..
Walter r Gillette, vice-presidents Of the COM
psny. viii be presented and in ell probability ac-
Cepted al to-dsys meeting. DR.. Gillette said:
We are not resigning on account Of any dis
sensiou with the company or for any reason
other than that If we leave IL will serve TO miti-
gate the attacks which are being made upon the
Mutual Life because OF the retention OF old
officials. My loyalty 10 the company is as strong
as thirty-six years Of service can make II, and
Mr- Grsnnlss has been here thirty years Our
resignauons were not requested by Mr.. Peabody
OF any one else.
The designations are 10 take effect April /
Neither of the vice-presidents has made any
other business connection, and both propose TO
take a rest.
There is a possibility that one trustee Of the
Mutual Life viii resign to-day. Last night he
was said 10 be undecided. This trustee Is a
banker no rs anxious TO follow the example OF
several banking houses in Withdrawing from all
ITusteeships iu railroad and insurance com
panies- When an officer of the Mutual Life was
asked last night II the trustee in question was
Cornelius Vanderbilt an answer was declined.
J.. DiCkey, Of Brown Bros & Co: Adrian
Jseitn JT., Of Adrian Iselin q CO.. Charles Ianier,
of NinsioW. Lanier & Co. and Charles r. Hen
Gelsou, oi Henderson < Co The rumor that
Emory McCIntOck. aCtuary and present general
manager Of The company, was to resign pos
1tVely denied. Before sailing for Europe vester-
day on the Kaiser Wilhelm II. Frederic Crom-
well, eX-tressurer of the Mutual Life who Is
stu a trustee said that he would not resign
The Iruesdale committee had long session
yesterday in the Office Of John W. Auchincloss
ana put the finishing touches on the report
which viii be presented to the board to-day.
Further complaints in the Mutual Life suits
against fhe McCurdy -Thebaud- Raymond combi-
nation may he expected to-day. They are prsc-
ideally complete and were 10 have been given
out last night There has been some criticism
that these suits were too much the blanket
order. and that in making so many demands the
Mutual Life would oNeTshOOt the mark
"Ju6ee" Andrew Hamilton was asked las
might whether he would appear before the Arm.
strong committee If il was instructed by the
legislature 10 continue IT'S sessions H had
nothing 10 say. He also refused 70 tell yber
his philippe against George ". Perkins would
ne ready He intimated that when the proper
time came h7 would pay his respects TO the ex-
Nloe-presideuf Of the New York Life
The FoT Ter housecIeaning committee of the
Ne" York Life mot again yesterday al the Han.
over Bank Building. and continued its exam,
inai'on into The different departments Of the
company. EE-Judge Keener said.
The committee has NJ further duty n nerforr
Win respect to fhe Hamilton matters or poIitica
contributions The committee is nov, engaged
l' mo examination u the departments OF the
company II win have no announcement n
make except through its reports to the board
from time time
The regular monthly meeting of the Equita bl,
trustees. called FOR to-day. promises 10 he with
out Developments The bylaws committee vii
not report until the reform insurance bills hav,
been passed. and until this report is IN there vii
be no election 81 officers