The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1906-12-19
INSURANCE ELECTION
Both Sides Claim Victory In the
New York Life and Mutual
Fight For Offices.
OLD REGIME PROBABLY WINS
Administrations Believed to Have Been
Successful, but Policy Holders Com
nittee Leaders Declare Their Tickets
Have Been EIected-Eow the Votes
Were Cast.

Were Cast.
New York, Dec 19.-The administra-
ton tickets in both the Mutual and
New York Life Insurance companies
were probably successful at the cleo
tions for trustees of the two compa.
nies. II the boards of inspectors, after
the official count, return them victors
the decision will be contested In the
courts by the International Policy
Holders committee. 1t will take from
forty to sixty days to complete the
count, and during the canvass many
thousands Of votes sent in BY agents,
officers and other employees OF the two
companies will be challenged by watch.
ers of the international committee.
In the New York Life 100000 votes
were cast and in the Mutual 345, 900.
In the New York Life $4,000 policy
holders did not vote, and in the Mu-
tual 245000 failed to exercise the fran
ehise conferred upon them by the leg
islature at its last session.
Both Sides Claim Victory.
Vice Presidents Darwin P. Kingsley
and Thomas A. Buckner and Secretary
John G. Mccall of the New York Life
asserted that the administration ticket
in the company had won by 100000
majority.
Vice President George T. Dexter OF
the Mutual Life declared that the ad-
ministr&ion ticket in that company
had won by 10000 majority.
Samuel Untermyer, counsel, and
George R. Scrugham, manager of the
International Policy Holders commit
tee, asserted that their ticket had won
in the New York Life by from 5000
to $4,000 and in the Mutual Life by
from 1000 to 1900.
This is the way the vote was cast in
the New York Life: Agents, officers
and other employees of the company
turned in 114000 proxies in favor Of
the administration ticket. Examiner
Fulde Of the state insurance depart
ment turned in 10000 sealed ballots
received by mail at the company's Of
nee since Oct. 1S. The International
Policy Holders committee turned in
$4,000 ballots and 1000 proxies in ia
vor of its candidates.
The Mutual Life vote was cast as
follows: Officers and employees Of the
company turned in 10000 proxies for
the administration ticket. Examiner
Macarthur of the insurance depart
ment turned In 100000 sealed ballots
received at the company's Office by
mail since Oct. 1S The International
Policy Holders committee turned in
100000 ballots and 5000 proxies in ia
yor of its candidates.
Sealed Ballots to Decide.
The result of the election in both
companies hinges upon the proportion
of votes for the opposition tickets b
the sealed ballots, which have been in
the custody of the insurance depart
ment representatives. In the Mutual
Life the policy holders committee
claims that 80 per cent of the POT, 200
votes, or $4,000, will go to its candi-
dates. The company claims more than
90 per cent ol Luis fOle IoI tHc Auullu'
istration ticket and only allows the
policy holders candidates about one
half of ! per cent, or 1000 out OF
207, 900.
In the New York Life the policy
holders committee claims 40 per cent
Of the 10000 sealed ballots, or 10000
votes, while the company claims 80
per cent for the administration ticket.
The policy holders committee also
says that at least 10000 of the 114,o00
proxies cast by the agents Of that com
pany are fraudulent, or duplicates OF
ballots. Where a policy holder exc
cuted both ballot and proxy the
ballot will be counted and the proxy
thrown out.