New-York tribune., 1906-07-17
slit AGAINST M'CURDY
uy ACCOUNTING ASKED.
ryas0Hs administration Ticket Still
iR Doubt.

-7s-e vas stIl much uncertainty ana speculation
- n,rht as to the exact makeup OF the admins
&c ticket that the trustees Of the Mutual Life
-Is nut up at their meeting to-day. Il was
'-rsd from trustworthy sources that although
- vr.afsr part Of the ticket was unalterablv hxed
-. might be some changes at the last moment
- law department OF the Mutual veeter6a1y
- the complaint "a the second suit AGAINST
-ss.nnrd A. McCurdy Nicou. Anable & Lind
- his counsel. II asks for an accounting OF
-. sums OF money which were withdrawn from
- treasury on vouchers from the expenditures
.S1smittee and turned back to the officers OF the
conpany.
-. material allegation. ara that Mr.. McCurdv
...slred large sums OF money. which it is said he
s,,,ursed for which ne never gave an accounting
r,hsrt Olyphsnt. chairman OF the old expenditures
--.u,lttee. testified before the Armstrong com
--ftss that he followed the practice he found ex-
s.gnv Ct Withdrawing money in sums os S25OoO
!, sine the only vouchers and the only entries
!, he books regarding such sums being that they
"a been turned over to Mr.. Olyphant. He testified
81 he lad not spent the money, but had turned il
ovsr 10 various officers OF the company
ne complaint in the present action seeks to hold
slr NcC,urdy responsible for all or a considerable
-1rtfon OF The money procured in that way and
70 hold him accountable for money similarly pro-
--rsa BY vouchers purporting to represent sun
olss furnished. although. in fact. tpey were not
fsFnished. Tho complaint alleges that money so
obtained wss returned in currency TO various off,
oers an5 disbursed FOR various secret purposes
one q the rumOrs about the administration
sisks." Of the Mutual which were floating around
The financial district yesterday was that William H
Tsresdale would not be on the new ticket It went
50 far as say that he had sent in hts resignation
q me meeting of the board on Thursday
There is no truth in the story" said Mr. Trues-
dale last night i have not resigned. and do not
Intend 70 do 50. I have not refused to allow my
zane 10 60 the new ticket
Asked Il his name would appear on the ticket
then. he replied:
That ! cannot say. I have not been consulted
about the ticket and do not know who win be
Mr Traesdale was not at the meeting Of the
trustees on Thursday There has been much crtti-
cism Of his report chairman Of the investigating
committee Il has not been thought however,
that the feeling about II would go so far as TO
cause him 10 be left OF the new ticket
A friend Of H H Rogers said last night:
DO not see why he should leave the board Of
be was connected with the Pratt oil company and
before ne became powerful IN Standard OIL. He
has neen acuVe IN the insurance company. not for
the sake Of the latter interests. but because he
Es9ly en)oyed the insurance work. He has large
policy IN the company
Calvin Toupkins. vice-president OF the Mutual
life Policyholders Association answered yesterday
President Peabodys reply TO Mr.. Tompkins's reply
% the letter sent by the president TO the pocyhoId
sEs of the Mutual He said in part:
desired 10 create in the minds Of the policy
most Of The men for whom Mr Peabody does the
talElns IurtheT 70 continue in charge OF a trust
render i now q thing OF shreds and patches
.vs re re O1eI T[ S1e management ls unwilling to
pGny IS fully established by the acts of the So
washing procedure caused the Tesiersffon ~ o1e
CT its members (Sruyvesant Fish during the early
q the MANAGEMENT. even yet to publish the full
es.sllea report OF the expert accountants Of the
ny statement as to the disintegration OF the
Is & 'Ie @ & - ne I eoInpsny was milo as e clear
o business row being written We depiore these
SacIs as much as does tie management but thew
are facIs, and cannot be ignored Rehabilitation
aaical change in the makeup Of the board Of trus
tseS TIE present board is discredited as a body
q ihe present trustees. Only by such a complete
80 sscS4 ssillzl1on can commence De re-
so5so 2nd the oouective and Individual interests
@ ne poAcyholoers sa1eSuarded: Any other plan
r1ther than bUsinesEIike.
representative OF the AEltal Life Policyholdcrs'
q the scramble 70 copy ths poicyhode-s' lists at
,y Al9,eny to-En2TroE \ oorapany has guaranteed 70
III nos reed fe lists sor so7ae IrSe yet II
Il Is sa.a that reither the Mutual nor the Nav
York Life viii send anybody te Albany to attempt
e hirder The work OF copying on the part OF the
International PoIcyholde9s' Committee If there
e any confusion i viii he caused. it IS Eaid. by
esc Of Te has 1 dssrmnea S1e p be inst i the
teia 7itA printed coP4es OF the lists. which they
hope 10 sell 10 agents Of other companies and 10
EEsroLz concerns "A the -1aii order business The
New York Life. the Mutual and the Equitable
have agrez6 that t,eY VIII not allow any Of their
@gens 70 Use ttsse Isis Furthermore, :ae New
York Life Underwriters Association, which IS
eonposed OF the leading agents Of majority oe
ne companies represented tais city. has adopted
:esolulons that sny menCer who obtains or uses
these lists n big business shall be expelled.
TIE 3Iutal Life has SCI aside room The north
elc o. the Nassau street corridor the second
uooT Tor the display Of the TWO lists which the law
compels them accessible IN the home Office.
The lists win be in charge Of employe in
elFucte1 not allow 6uy 20 see them unless
ns complies with the regulations laic down by
TIE Supe-tnteadsut Of Insurance. policyholder
eeslr1ng 10 the lists must produce his policy
snd receipt showing shat the last premium ts
PAD II he sends q representative the latter must
bear sworn authorization The New York Life Is
making similar arrangements zor the display OF
-e lists n the home Office, at Broadway and
Leonard street