New-York tribune., 1906-10-17

Frankfort KY, Oct. 16-Charles A. FeaeooS'
president of the Mutual Life Insurance company
of New York appeared here to-day BEFORE N
su-anca conrnjssioner Prewttt and denied charges
which were read to him by the commissioner al
follows;
The department is informed that your 10 ths
a95roSh naS aos G ELECTION Of trustees but that
company is attempting TO cosres. i~n6L1aas ~ into
Soliciting votes for tho ticket known tss ,-ad
ng bgt eepeng sat saGed d s smpoyes Of
company TO electioneer and solicit votes Ior la -
saes f5ef 1an and yoH %ps eps out Of the %
70 solicit votes for that ekss - tnaE az yco onsnG 20
from different sections Of the country 70 the nome
election of the administration ticket, and defrayng
the expenses of such agents out OF the company
company with discharge unless they loyalty sup
port the administration ticket tnat you aaxe ,s aus a.
;he company from the companys service because
nognat61 4 S0s on ticEet Other than the adnistra
ton ticket or because they would not support and
lately dismissed Colonel Bscoe Hindnan late
aging agent Of the company IN kentucsy' because a
other than the administration ticket and because
dates on the administration ticket.
Explaining the dismissal OF Colonel Hindman.
Mr.. Peabody said that he could not have been dis
missed for being the trustees ticket. because
Colonel Hindman had told him that he had not
accepted the nomination Mr.. Peabody stated that
Colonel Hindnan had openly attacked the integrity
of the management and that his position was not
consistent with a proper performance OF his duties
as an insurance manager. II for this
that Colonel Hindmau was dismissed. Mr.. Pea
body then read a prepared statement in part as
follows;
The bylaws of the company provide that. with
the exception of the president and vice-presdent.
no officers OF the company shall be members OF the
10 comply with this bylaw in the few instances
where managers or agents OF the company have
announced the intention Of accepting nonninat ti9ns
ped GISe t5 terna5 the contracts under which such
managers and agents nave been il the conlpany's
No action has been taken by the company which
pIove into voting or soliciting votes otherwise than
as MS own free will dictates.
described as the "admni.tratiOn ticket.
properly used in eIectoneering. and this committee
has not. and viii not. authorize any such use.
explain TO the poIcyholders their rights under the
t @ afa Fo ~ - xerSsin snv kind Of coeyci 20 ao
from submitting TO any coercion
The investigation at times took wide range. and
once Mr. Peabody protested. This was when Mr.
Brown asked who sent out the ballot with only ons
ticket on IL. MIR. Peabody replied that the COM
pany did not. and Mr. Brown asked who did. This
brought out the protest. and Commissioner Prewitt
ruled that only the affairs Of the company were
being investigated. Mr.. Peabody then stated VOL
own personal account
Effort was made 70 show show that that circular giving
York office of the Mutual Life Insurance Company
as campaign matter, but Mr.. Peabody said that tha
circular was printed. because ii physfcsI
npossibrity reply to all the letters asking For
in formation on the three tickets.
Although II without the Jurisdiction of the
Kentucky Commissioners, Mr.. Peabody was asked
whv Herbert Y. Fell, of New York had been dis
missed He stated that Mr.. Fell was criticisine
the company, and was in such a position that bs
could not discharge ais duties as manager Of the
New York Office
derstood that the company Is not doing any cam
pafsning, have its agents been told that fhay
would be dismissed If they did not votes for the
administration ticket. Mr. Brown then asked
whether the company would bear the expense OF
the administration ticket In the coming electton
The reply was:
II you are fishing TO find out that III. co,,
pany Is paying the expenses OF the eIacfior VI,
will find nothing The company is not payins 49,
no expects 10 be reimbursed But will a,sS AZ.
your question as to NY object in spending y1ons.
In tits election regardless of whether N is r-ooS
My object is to secure election OF thar tIrkat
cause OF my interest In the company and bssaHss
l aIn policyholoer. SAdsS
Since went with the company haye hsa, ,,,,,n
hcurded ana abused by persons and by Tba In n.ucn
7 seeking vtndtcation in the election 30 ~ sss
ticket The law required nns 20 N, a.
In the field ~ ~ PuS IL
Nj Peabody said he did not know person,uv =
P. Morgan, the Washington manager or 81. "y l.
pany, but admitted later that he had ca}a Nh
Morgans expenses on trip made In tha inta-ir. UT.
of the administration ticket. "''eieses