New-York tribune., 1906-11-15
FOLK COMING NORTH.
WILL TAKE TESTIMONY.
Missouri and Minnesota MoUe-
Jerome Gets More Evidence. :.

1t is the intention of Commissioner FOLK OF
Tennessee The Tribune learned yesterday 70
visit New York within the next few days ana
take testimony not only from George l. Dexter
the Mutual Life's second vice-presldent' out
also from certain members OF the agency 4on-
mittee said to have been responsible Tor the
recent alleged coercion of employees by this COM
pany
1t is understood that Mr. Folk will postpone
his decision on the question of revoking the
company's charter In Tennessee until after the
taking of this testimony.
In insurance circles It is considered entirely
possible that henceforward protest against the
company's alleged coercion will take tho form
not of the institution of criminal suits, but OF
revocation of the companys charters by the
insurance commissioners or superintendents of
the various states. Already revocations Of its
charter. it was learned. threaten the company
not only in Tennessee but in Missouri and Min
nesota. Commissioner Vandiver Of Missouri. it
is said, promises to take such action against the
Mutual Life this month.
An address 10 poIicyhoIders of the New York
Life and Mutual Life signed by Governor john
son, Attorney General Young and Insurance
Commissioner Young. all of Minnesota, came
into the possession OF The Tribune last night.
There are 27.OO0 Minnesota policyholders in
the two companies carrying nearly SJOOOOOOO
OF insurance. Inc ADDRESS declares lHdt luc
election of the so-called administration ticket
means continuance of the control directly 're-
sponsble for the abuses that existed" The ad-
dress reads further:
"The work of the Armstrong investigating
committee in New York has been continued by
the international policyholders' committee II
has been urged in some quarters that ii is un-
wise TO elect boards composed entirely OF new
men, but it is an admitted fact that the men,
bers of the old boards had in general no knowl
edge OF life insurance and careless OF the
responsibilities of their positions"
After saying that public confidence in both
companies can be restored only by change In
management, so far as officers and directors
concerned, the address adds
This change will not extend further as each
company is undoubtedly equipped with work.
ing force which. whole. is loyal. expert and
efficient"
The three officers heartily indorse the interna-
tional committee and urge policyholders to vote
the international ticket for the New York Life
and the united committees" ticket for the Mu-
tual Life.
The Franklin County Court of Kentucky. on
Thursday will hear argument on the Mutual
Life's temporary stay of the execution OF Com
missioner Prewitt's order revoking the Mutual
Life's charter in that state.
George r Scrugham. the international COM
mittee's manager. returned TO this city yester-
day, after his visit to Chicago. Commissioner
Barry of Michigan has told Mutual Life and
New York Life agents in that state that here
after he will revoke agents licenses should he
discover evidence that any agent is electoneer-
ing.
The Mutual Life Policyholders Association
made public afldavtts submitted to District At
torney Jerome and signed by the alleged coerced
Mutual Life managers, Messrs. Paige Sutton,
Hindman, H. n. Fell and T. R Fell.
The Tribune has already published these aff-
davits in outline.
On the recommendation Of Alexander E Orr,
Darwin p, Kingsley, H. c.. Mortimer and A. q.
Paine It's executive committee. the New York
Iife's board of trustees at its monthly meeting
passed resolutions of regret the death OF
EwaId Fletmann. of the administration
ticket candidates.