The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-10-05
MUTUAL DISMIssRs= HRVBMAN5
KENfurkY AC4Sp FORCEP no
WAX THE 'FLiNK.
Agency Committee DcriareS' ItaelE on the
Question Of Supporting LI'e Admins
tratiOn Ticket Mutual POIicyhOld.
ers' Association Issues Long Reply ,

eral agent of the company ut louisville, ny.
Mr.. Hindman was one Of the agents who
rebelled at getting out and hustling for the
success of the administration ticket cf
trustees 10 he voted for on December IS.
The Louisville agent was sent for and
was on the carpet" in President Peahody'S
Office here for the greater part OF Monday.
Mr.. Hindman left with Instructions to
think the matter over and then send a
letter to President Peabody telling just
what he proposed TO do. D. left this city
70 visit in Washington and there he received
. word Yesterday Of his dismissal.
The news that the Lonisville agent had
been let ont came Yesterday from the
Office OF Vice-Prcsident Dexter. 1t was
briefly stated that President Peabody
hadn't received a letter from MIR. Hindmanr
but that the latter had been communicates
with In Washington. Hindman makes the
sixth general agent to be dropped from the
roll of the company. 1t is thought likely
that Bis brother, who is Il general agent
of the company in northern Tennessee, will
also leave the employ Of the Mutual. IL
was asserted also that General Agent Hop
kins al Boston may withdraw.
All these suppositions are based on the fact
that the Mutual's agency committee had
stepped in and taken the bull by the horns.
II vas this committee that ordered Mr.. Hind
mans suspension yesterday. This agency
committee, which is composed Of Henry II.
Rogers, Julian I. Davies, William II. Trues-
dale, Dumont Clarke and William Z. Dixon,
issued a statement for publication yester-
day that shows the stand they have TAX en-
and what their policy is to be in the future.
h is the statement;
The bylaws of the company provide that
with the exception Vt the president and vice.
president no officers of the company shall be
members of the board of trustees.
To comply with thjS bylaw. in the few in
sts noes where managers or agents Of the COM
pany have announced their Intention ofaccept-
ing nominations for Office as trustees this
committee has felt impclled 10 terminate the
contracts und er which such managers and
agents hs We been in The company s service.
No action has been taken by the comnittee
which can be properly characterized as CO.
ercing any employee into voting or soliciting
votes otherwise than as his own free will die
tates.
The law compelS the trustees 10 nominate
a ticket described As the administration
ticket II ia not 10 he snppesed that tho
Legislature intended after imposing this duty,
that ell those connected with the administra-
ton should abstain from efforts TO elect the
nominees.
With the personal opinion or personal vote
Of tho employees of the company this COM
mittee has no concern. but 1t ls of the opinion
that the open and avOwed action OF its en-
ployees must be consistent with a proper sup
port III the company and a desire 10 maintain
the integrity Of its business. II IL manifestly
impossible for an agent TO solicit new business
successfully while he is publicly declaring that
the company's trustees and management are
Unworthy Of public confidence.
At the same time that, this statement was
handed out another was issued at the
~hsadouarters Of the Mutual Life policy
holders association. IL was dictated by
Calvin Tompkins, vice-president of that
organization.
This statement quotes a blank sent out
by the Mutual to its managing agents ask
ing them to retu IN il with the signatu eS OF
ten prominent policyholders," This blank
appeals to ~policyhoidCrs in general to
support the administration ticket. The
statement continues:
whether the trustees thus assing for
election have avoided spending polio yholders'
money in circulating This bit Of autobiography
] don't know, But | am sure that for the full
information Of those asked 10 sign il some OF
the Armstrong committees report should
ha We been copied and sent along with il.
Then fol low p uumbar of extracts from
the report of the Armstrong committee
Paragraph wherein the board Of trustees
are pitched into are picked out and made
prominent. Last among'the extracts from
the Armstrong committees report is this:
The present directors Of mutual life insur-
ance companies ia fhiS state have been elected
without The actual participation IN their selec-
ton of any cou-iderabln number Of policy
LzIlar~ 4. - pY,rg tl,at m npV,nrttnifV
should be given ~ the polio yholders 10 elect
entirely new boards Of directors as soon as
the provisions Of laW above reComme nded
can he mad" applicable.
The statement Of Mr.. Tompkins and his
associates in the organization ends with
this:
How precisely The cap fts the q fteen
NcCurdy nominees m Whose behalf this
work Is done may he suggested by noting
the extent to which they were respectively
in Office during The time when the lately
exposed scandals most nourishRd. Baker
and Cromwell have each been trustees for
more than tNontg-,iys years, Davies. Hem
dersOn. Dixon, NuohnClpss and MorfOrd
each moro than twenty years; JuillIard for
about eighteen years and the rest for from
ten TO six year~, eSuCpi Clarke and Wander
bilt, who have served bat four wears and who
are understood 10 have had least TO do with
this matter.
With the least sense Of humor one can
understand how hopeless would he either
actual reform or elective prosecution Of
those responsible for the di-gracciui past
~ the latter are 20 be reelected NJ Il board
of width they WI then be the membprs Of
widest experience and greatest influence.
Manager George r.. Scrugham Of the
International pOiiCyholiers' association
announced yesterday that campaign liter
ature Is being sent out for the support Of
the New York Lies administration ticket
at an enormous cost. Here is what Mr..
Scrugham says.
The latest campaign circular" Of the New
York Life Insurauc" Company l. contained
ln a large envelope bearing six cents postage.
Enclosed In il is a large return Envelope on
which is a two rent stamp. The envelope
contains six printed enclosures. The dis
tribution Of this campaign document could
not possibly cost less than - cents for each,
and Il sent to the 500. 900 pOlIcyhOlders Of
the company would mean q total expense to
she policyhOlders of Sl6o ,OOp.
At the executive Offices of the New York
Life one of the highest officials declared
yesterday chat not a cent Of the policy
holdeTs' money was being expended in the
interests of the administration ticket. II
individual agents. TINS oGclal said, saw