New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-24
MR.. FISH QUITS MUTUAL
co LEAD POLICYHOLDERS.
uH Make Hard Fight to Remain
Head of Illinois Central.

.nv and will head policyholders' COM
os ..aa ~ fight the present management of the
,onv and force reorganization At the
- time there We're further developments in
runos Central affair. showing how closely
roven p' we're the two quarrels and indicating
.renarations Mr.. Fish was making for
u-.-ate struggle TO retain his place at the head
-. railroad system.
scr designations are expected 10 follow ME-
nshs .,o-, and
'-s,v informed Mr.. Peabody that the action
axe effect at once. and that the letter
sent because there would not be anothe'
s.,,r ~ the board this month. A copy OF the
~ 20 sent 10 each member Of the board
- A. Peabody was asked in regard 10 Mr..
r,sb's resignation he said;
Ty. has not resigned TO my knowledge lie
,,,sr told me that he was going to-"
afs any effort being made TO induce MT ish
s.o,si5er his resignation from the Truesdale
1.-,-,i,,eeg" Mr. Peabody was asked
~, nv me- he replied with emphasis
-, Mr. Fish resigned from the Mutual
..-s he signiied HIS willingness 20 lead nsht
.;,et the present management OF ule 0oIh-
- he has many times been asked TO do
ror several months he has been receiving letters
80, ,rell known poIicyholders of the Mutual all
oveT y
-, of a committee II is understood that
- ts -, the committee Of governors 10 whom
-,..,os X lawson turned over his proxies but
=, e r-obable that there will be union OF the
.no Nr T-ntermyer. who has been asked 10
heroine counsel 10 the governors committee IL
N he the counsel for the Fish committee MI
r-nrermver was asked yesterday Whelher ne hau
accented retainer for the governors commit
&c "a which he replied that Re had not yet
coneerted 10 act. and would not accept the
retainer unless the personnel Of the committees
was satisfactory 10 him. This was unoersuooo
10 mean that Mr.. Lawsons connection WIN 'iie
committee would have TO be completely seNereu'
The situation in this respect has been much
snaplifed bv the recommendations or the ArIh-
strong committee which. if adopted. would leave
the committee free TO collect its proxies without
being under any obligation 10 Mr.. lawson 1t
&c rrobable that these proxies Will be returned
N the makers who will be asked 10 make them
ont anew to the Fish committee. It is under
stood that the Fish committee has already
beeun 70 ask for proxies and Mr.. Fish has also
begun thus early 10 seek proxies from the IL
Enos Central stockholders. that he may control
the next annual meeting Of that company Not
only in the insurance affair but in the Illinois
Central fight also. he has found he has friends
all over the country who are backing him up
snd Offering their aid. He has chosen Samuel
Tnternyer and ex-Judge D. Cady Herrick for
his counsel in this fight Mr.. Untermyer Will
thus he one Of his managers in both the in
surance and the railroad fight while Judge Her
rick wss one Of the counsel for the Truesdale
committee while Mr.. Fish was a member OF
that body
REPRISALS UNDER WAY.
], was reported in Wall Street yesterday that
reprisals for his resignation from the Truesdale
committee began Immediately after Mr.. Fish's
letter was received in the Mutual Offices Mr..
Fish's letter went 10 Mr. Peabody, as president
Of the Mutual. At 4:15 o'clock. and Mr.. Peabody,
who is a director Of the Illinois Central and the
representative Of the Astor holdings. the way
the story was told yesterday. was in the offices
q the Illinois Central at 5:45 o'clock with a
demand in his own handwriting. for an account
ing hy Nj Fish of all. his financial transactions
with the Illinois Central since he became presi-
cent OF the road. Mr.. Fish. il is understood. de-
FED Mr.. Peabody do his worst in his attempt
70 ousr him from the Illinois Central
Mr Peabody denied last night that he had
ever made such demand on Mr Fish.
M Peabody was asked yesterday 10 comment
the Illinois Central situation, but replied
that he could not talk about the railroads af-
fairs IN the Mutual Life building. IF you ever
see ne in the Illinois Central Offices" he added.
q shall be very glad 10 talk to you there on
THIS subject"
Mr.. Peabody denied report of a conference
saio 10 have taken place in his office, at which
Mr.. Ryan. Mr.. Hartman and Mr. Rogers made
plans 20 throw Mr.. Fish out. He said that he
had only bowling acquaintance with Mr.. Ryan.
ana that Mr.. Hartman had never been in the
Mutual building so far as he knew. Mr Pea
body said that Mr.. Ryan had little TO do with
The Mutual. and that there was no close alli-
ance between the Mutual and the Morton Trust
Company
There Was a report yesterday that H. II. Rog-
efs another factor n this conference. and one
o. those said 10 be allied against Mr.. Fish. was
very sick man, and had been under the care
oi two physicians for some time. 1t was said
NAT re had lroken down under the nervous
tIaln Of the last year, and especially since At
loihey General Hadley Of Missouri examined
MN in the Standard OH case. At Mr.. Rogers s
house last night it said that he was in the
osst Of health, and that he was at his office
yesterday. as usual.
INSURANCE HOLDINGS BIG FACTOR
The stock IN the Illinois Central held by the
Mutual and the Equitable is an important fac
tor In the fight for control Of that road. 1t has
been supposed that Il would be voted for tho
hartman interests and against Mr.. Fish. but
uls recommendations of the Armstrong com
Hl'tee make II possible that ii may be thrown
" ole market, in which case Mr. Fish might be
cue 70 add fl 10 his holdings II said yes
Nfasy however, that probably If the Armstrong
S0'ihltiees recommendations were adopted, tho
.4''ois Central stock would be disposed of u
- hartman and his associates without the
SHportuniy being allowed for outsiders 10 get
hold OF il
-Ne question OF where the stock in the III
'N Nehua! and other roads held by the various
Niuice companies would go In case the rec