The daily morning journal and courier., 1906-12-19
ADMINISTRATIONS WIN:
 LARGE INSURANCE VOTE
RESULT OF FIGHT IN THE NEW YORK LIFE AND
 MUTUAL

%NA
 penditure of TiNe and Money tho
 Election Approaches That of the
 States of the UniOn-TOtal Vote Cast
 by Both Companies Will Probably
 Approximate sOO,OOO.
 New York, Dec. 1S,-Probably never before in the history of the country has there been anything to compare with the election in this city to-day of trus- tees for the New York Life and the Mutual Life Insurance companies. In number of ballots cast, and in the ex- penditure of time and money, the cleo ton approached that of one of the states of the Union. Certainly no cor poration or society election ever meas ured up to it in magnitude and interest
 The total vote cast in both companies will approximate S0OOOO, of which about 50O,OOO will be in the New York Life, in which the contest has been more vigor- ously and more bitterly waged. It is ex- pected that it will be weeks before the votes are counted and the results of the campaign known.
 The Equitable Life Assurance society, the Mutual Reserve Life Insurance company and the Security Mutual of Binghamton, also held elections to-day, but as there were no opposition tickets in the field in these companies the elec- tion of their administration tickets were but perfunctory proceedings.
 
 Officials of both the New York Life and the Mutual companies declared to- night that the administration tickets had without doubt been elected by large maiorities
 The international policyholders' com- mittee, through Samuel Untermeyer, its I general counsel, expressed the convic- < tion that the reform tickets would win { in both companies, but by comparative 1 ly close margins.
 While the ballots were being turned ' in at the companies offices to-day, the grand jury was Investigating the af- Hairs of the New York Life Insurance #coIfpany, as brought out before the Legislative Investigating committee District Attorney Jerome examined sev- OA1A N4bilC6oSf9J eAlltOll6 WllOlll WEI EQ7 mund Randolph, treasurer of the New York Life, and his chief clerk, M. M. Madison. Both will be recalled. < William Nelson Cromwell of counsel for the New York Life Insurance com .Epany, after the close of the election to- day issued a statement in which he Said:
 ''The number of ballots received at the home office and delivered by the administration to the inspectors of elec- ion, was 192,56S and the votes by proxy east by the administration ticket were sl14000, making total of 306,O0O & From the fact that the ballots inI Flavor of the administration have gen. serally been sent to the home office, and Those in favor of the international com snittee to the office of the latter, it is l Reasonable to presume that at least 3rom eighty to ninety per cent of the ballots sent to the home office are in .avor of the administration ticket, (which makes total administration ,; a;ote of considerably over 25O,000.
 'Both MT. Untermeyer and MT. | scrugham, who cast the votes of the in- sernational committee, stated under my Public questioning upon the tender of | sheir votes, that they did not know how Hlany votes they were casting, and ould not state. I make no comment lpon this curious statement, but I have Every reason to believe that the total Note of the international committee | loes not exceed 150,O00 believe that 5he administration ticket has been cag- Hlied by 100000. after making all allow ,nce for errors and Implications" d Samuel Untermyer estimated that Bhe united committees ticket of the 1utual Life would win out by a ma 1rity of about 19,OOO. MT. Untermyer stated that 207i000 ballots were sent so the home office of the company by snail and otherwise, up to and includ- Ing yesterday. Out of this amount he slaims that 16 per cent. were defec- Five. MT Untermyer said further hat he believed that 30 per cent. of the Remainder left after deducting the 16 ser cent. for defectives are votes cast or the united committees ticket. Ac- Sording to his estimate this would save 120,T50 votes for the adminis- .ration ticket plus 10000 proxies which Ir. Untermyer claims were cast traight for the administration ticket 9n the other hand he claims that the International committee cast exclusive If the above ballots 10S,000 straight Ballots for the united committee ticket So which he adds 51,750, the 30 per cent If the vote cast at the home office, sess the deduction for detectives Five Inousand proxies which the committee otes for the united committees is add M to the estimate for the united com littees ticket.
 6 According to MT. Untermyer's fig 8fes the united committees ticket has eceived 159,750 votes while the admin sftration ticket received 140, ,750. q Vice President George T. Dexter of sle Mutual Life Insurance company redicted an overwhelming victory for .he administration ticket MT. Dexter #tated that from reliable Information fhich he had secured he was con { lnced that the administration ticket 'fceiyed 22OO0O votes while on the oth- \ hand the united committees ticket hceived between 75,OOO to SOOOO ballots nd Iroxies combined MT. Dexter lated that he was confident that ger thirty of the candidates for trus- aes on the administration ticket sould receive the full vote of 226,OOO 5nly an insifiniicant amount of the 7 allots sent direct to the home office