The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-10-04
FHO PUTS UP ~$SteetkDtF4
FIGURING COST or y. Sys EIFE
ADMINISTRATIONS CAMEfIGN.
Manager scrusham OS the fntcrnAtisaaI
P~ellOyhOlders' Committee Answer
vIce-Prest. BucKneF sample Letter
THAT Failed 10 via an lndOrsentent.

NNCeaFfeNN. hutkUCN -SAmluC AtNNNH
THAT Failed 10 via an In~dOrsenirnt.
The published letter OF vice-President
Duckner OF. the New York Life Insurance
Company, IN which he stated that no part
the company's funds was being ex-
kended In any way for the purpose Of IN
Eusncng or advocating the election OF tho
Administration or any other ticket, stirred
Ep George j. Scrugham. manager OF the
International P~olicyholders' Association,
yesterday. Mr.. Scrughan had this TO say;
This published statement from Vice
President DuOkner is interesting In view OF
ne fact that thousands Of agents and special
representatives are making a desperate
Mort TO elect the adniinist rat ticket, a
tact proved by the many hundreds Of orig
nal letters sent us from all sections OF the
country, and reports made to us by policy
holders who are. interested in placing
trustees in control Of these great trust
hunds who represent the policyholders
md not other interests. We believe that
lhere are now engaged in campaigning for
Me administration ticket over 5000 agents
md special representatives. One who is
familiar with campaign work knows that It
b impossible TO keep a man In the field Tor
less than SO a day. This would make an
Aggregate OF $4,000 a day that Is being
spsnt to elect the administration Ticket
exclusive of postage, stationery and cir
eulars that are being sent out.
'If this campaign ia being conducted at
she expense OF the individual members who
are candidates for trustees or OF the power
behind the administration ticket 1t would
be interesting to know it.. 1t IL ridiculous
to suppose that such is the case, blu the
fact is the policyholders themselves are
being looted to provide the enormous cam
paign fund that il being used to defeat
than in their earnest efor to gain control
of their own properties"
In support Of his statement that the
company was sending out letters "a policy
holders asking them TO support the admin
lntrAtion ticket, Mr.. ScTuRham made public
d letter that was sent by J. j. Parker. the
general agent of the New York Life at
Cleveland, 10 Edgar 3. Ludlow, a policy
holder living in Chicago. 1t is only Rsampie.
Mr.. Scrugham says, Of many that have been
Bsnt out from the various agencies, II
reads: t
II not too much trouble, would you mind
writing me a letter something like the one
enclosed, and get your brother to sign IL?
We are getting a few letters from poIicyholders
Of Importance all over the country. and I
shall appreciate 1t very much II you will
write one Ike this and send IL to me here in
Cleveland.
Il might be OF interest to you TO know
chat OF the tweht y-three or twenty-four
men who compose the self constituted execu-
tive committee of the so-called [ International
Pollcyholders' Association, only two or three
are insured with the New York Life. and one
OF these for a paid up policy. This might
cause you to wonder why they are so in
terested in chang I'M the management.
II the way / have framed this letter ad-
dressed to me does not suit you, | would be
II you write this letter. please use your own
business paper.
This is the way the enclosed letter that
Mr.. Ludlow was asked TO sign read:
Nv. y. }. Parker, 5O2 Garfield Building. Cleve-
land, Ohio.
DEAR SIR: In reference 10 The so-ralled
administration ticket" for board Of trustees
% be elected by the poliryhOlders cen
October Island December - Lbeg to say that
j have e viewed the same and am Of the
that IL would be 10 the best interests
OF the pOlicyholders to elect the same.
Being a polio yholder in the New York Life
Company I am naturally Interested
in the safe conduct 81 that company, and my
COnolubAOH Is lldL w fltGllbu VI TINS D11Iu
the best interests Of all cOncer ned will be
conserved. and ! shall not only vote for it. but
do,aIl l can to aid It's election.
Mr.. Ludlow sent this reply:
I beg to ackno wledge receipt OF your favor
asking that l write You a letter expressing
my expectation OF voting for 1.-THE so-called
administration ticket at the coming election
Of che New York life board OF trust ee-.
In answer to your letter | will state that il
In my int ention to vote for the trustees a.
Nominated by the international PolicyhoIders'
Association. Ny vote will also carry that Of
my brother. W. f. ludlow. Jr.
Manager Scru gham of the International
Poioyholders' Association also made public
letter hat State Superintendent Of fnsur-
moe Otto Kelsey had received from Vice
President Kingsley OF the New York Life
a complaint hat Mr.. Scrugham
bad made This Is Mr.. Kingsley's letter:
On behalf OF Mr.. Orr I beg 10 acknowledge
receipt Of your favor OF September II, re-
to the complaint Of Mr.. Scrugham Of,
the intprnational pohcyhOlders' committee a.
30 che action OF Mr.. Angus Allmon, agency
Of the New York Life Insurance
Company at Lexington, Ky.
The charge that the circulars in question
nru printed and circulated IS the corporate
nc1 Of the New York Life Insurance Com
ElNhNi '" NlIOukH IN Au-
agent Is untrue In every respect.
The New York Life people and others in
In insurance matters are awaiting
with anxiety The decision that Supreme
Court Justice Davis is TO hand down in the
suit that Gilbert Ray Halves brought against
company. h case was up before
Uusfice Davis on Tuesday, and after it was
that the New York Life de-
and j. II. Mcintosh, representing
the company, had argued at great length
that HAYES had not set forth sufficient facts
10 warrant his claims, Justice Dayis an
that he would reserve decision.
HAYES, who is 2 lawyer with offices at 40
Broadway, Il a policyholder in the New York
Life. and as such he brought his suit. The
action, which was made POSSIBLE under the
Insurance laws. was one in which
HAYES sought to compel the company 30 set
aside annually the accumulated profits or
dividends accrUinR from the years business
and credit these profits proportionately to
accounts OF h ~policyholders.
Mr.. Halves submitted several plans for
creditinG the money. One was for the
company to subtract the apportioned earn
ings from the premium; another was 10
pay the money directly TO the p~oliCyholder
and q third was to have the amount credited
10 the value Of the policy in the manner of
compound interest each year. ~ .a.C ..4
SHIPEARD TROUBLES.
Employ ers Won't Compromise Win ship