The news-democrat. (Providence, R.I.) 1906-1909, 1906-10-04
TR|CKERY IS
CHARGED AGAINST
NEW YORK LIFE

New York, Oct. 4.-The published let
ter OF Vice President Buckner OF the
New York Life Insurance company. in
which he stated that no part OF the COM
panys funds We're being expended In any
way for the purpose OF influencing or
advocating the election OF the admins
tration" or any other ticket. stirred up
George r. Scrugham. manager OF the In
ternational Policyholders' association yes
terday. Mr. Scrugham said:
This published statement from Vice
President Buckner is interesting in view
of the fact that thousands OF agents and
special representatives are making des-
perate effort 10 elect the administration
ticket, "A fact proven by the many hun
dreds OF original letters sent us from all
sections of the country. and reports made
TO as by pOlicyholders who are interest
ed I'm placing trustees In control OF these
great trust funds, who represent the
pOlicyholders and not other interests.
I'VE believe that there are now en-
gagged In campaigning for the admins
tration ticket over 200 agents and special
representatives. One who Is familiar with
campaign work knows that it is i'm
possible 10 keep a man in the field for
less than 800 a day. This would make
an aggregate OF $4,000 a day that Is be-
ing spent to elect the administration ticket
exclusive OF postage. stationery and cir
culars. that are being sent out.
IF this campaign Is being conducted
at the expense of the Individual members
who are candidates for trustees or OF the
power behind the administration ticket,
it would be interesting to know IL. 1t
Is ridiculous TO suppose that such is the
case, but the fact is the policyholders
themselves are being looted TO provide
the enormous campaign fund that is be-
ing used 10 defeat them in their earnest
effort to gain control of their own prop
critics"
In support of his statement that the
company was sending out letters to pol
icyholders asking them to support the
administration ticket Mr. Scrugham made
public a letter that was sent by j. j.
Parker, the general agent Of the New
York Life at Cleveland, TO Edgar S. Lud-
low. policyholder living in Chicago
Manager Scrugham of the International
Policyholders' association also made pub
lie a letter that State Superintendent of
Insurance Otto Kelsey had received from
Vice President Kingsley of the New York
Life concerning a complaint that Mr..
Scrugham had made. This Is Mr.. Kings
leys letter:
ION behalf OF Mr.. Orr, beg to ac-
knowledge receipt OF your favor of Sept.
IL. relating TO the complaint OF Mr..
Scrugham OF the international policy
holders committee as 10 the action of
Mr.. Angus Altman, agency director of the
New York Life Insurance company at
Lexington. Ky.
The charge that the circulars in ques-
tion are printed and circulated as the
corporate act OF the New York Life In
surance company. either directly or
through any authorized agent, is untrue
in every respect
EQUITABLE MUST ANSWER.
Ballston, n. Y, oct. 4.-Justice Van
Kirk yesterday dismissed the demurrers
OF the defendants I'm the suit brought by
Mrs. Mary s. Young. as polcyholder and
stockholder. against the Equitable Life
Assurance society 10 compel n restitu.
ton of the funds OF that society, which
she alleges have been wasted
Justice Van Kirk directed an interlocu-
tory judgment that the allegations OF
the plaintiff constitute sufficient cause
OF action and that the demurrer of none
OF the defendants is sufficient to entitle
them to a judgment. The court also
ordered that IL the defendants do not
within 20 days after service OF copy
OF the judgment answer the complaint
and pay the costs, the plaintiff may enter
final judgment.