Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1906-12-19
BOTH SIDES CLAIM
1he New York Life and
Mutual Life Elections.
n 1Ilns, Money and Votes
Seemed Like State Election.
kb@vt so, 900 Votes In One and
800, 900 In the Other.

New York, Dec 18.-PrObably never
before in the history of the country
has there been anything to compare
with the election in this city today OK
trustees for the New York Life and the
Mutual Life Insurance Cos. In num-
her OF ballots cast and in the expendi-
ture Of time and money. the election
approached that Of one of the states OF
the Union. Certainly no corporation
or society election ever measured up
to 1t in magnitude or interest.
The total vote cast in both companies
will approximate 100000, of which
about 100000 will be in the New York
Life, in which the contest has been
more vigorously and more bitterly
.waged. It is expected that it will b"
weeks before the votes are counted
and the results of the campaign
known.
The Equitable Life Assurance Socie-
~. the Mutual Reserve Life Insurance
Co, and the Security Mutual of Bing-
hamton also held elections today. but
as there was no opposition tickets in
the field in these companies. the cleo
ton CT their administration tickets
Officials OF both the New York Life
and the Mutual Life Co. declared to-
night that the administration tickets
had without doubt been elected by
large majorities.
The International Policyholders
Committee through Samuel Untermyer,
its general counsel, expressed the con-
viction that the reform tickets would
win in both both companies. but by
comparatively close margins.
While the ballots We're being turned
in at the companies Offices today the
grand jury was investigating the af-
fairs of the New York Life Insurance
Co, as brought out before the legisla-
tive investigating committee. District
Attorney Jerome examined several wit
nesses, among whom were Edmund r.
Randolph, treasurer Of the New York
Life and his chief clerk. NJ NJ. Matti-
son. Both will be recalled.
William Nelson Cromwell Of counsel
for. the New York Life Insurance Co..
after the close of the election today is
sted q statement in which he said:
The number of ballots received at
the home office and delivered by the
administration To-, the inspectors of
ELECTION, was fs9.bss. the votes by proxy
cast for the administra ton ticket were
$4,000, making total Of 306, 900.
From the fact that the ballots in
favor Of the administration have gem
orally been sent to the home office and
those in favor of the International COM
mlttee to the Office of the latter, it is
reasonable to presume that at least
from so to 30 per cent of
the, ballots sent to the home
G1lce are in favor OF the admin
istration ticket. which makes a total
administration vote OF considerably
over 100000.
'Dulher Utermyer and Mr.. Scrug-
ham. who cast the votes Of the Inter-
national Committee. stated under my
public Guestinnins upon tho tender nr
their votes. that they did not know
how many votes they were casting,
and cOull not state. make no COM
ment upon this curious statement, but
I have every reason to believe that
the total vote of the International
Committee does not exceed 10000. |
believe that the administration ticket
has been carried by 100000. after MAX
ing all allowances for errors and du-
plications."
? Samuef Untermyer estimated that
the united committee ticket of the Mu-
tuaf Life would win out by 4 ma
jority Of about 1900. Mr.. Untermeycr
stated that 205.000 ballots were sent
to the home Office Of the company by
mail and otherwise. up to and includ-
Ing yesterday. Out of this amount he
claims that Is per cent Of the remain
der left, after deducting the 16 per cent.
for detectives. are votes cast for the
united committees ticket.
According to his estimate this would
= leave 120,'50 votes for the administra-
ton ticket plus 10000 proxies which
Mr.. Cntermeyer claims were cast
straight for the administration ticket.
On the other hand he claims that the
International Committee cast, exclus-
i've Of the above ballot. 10000 straigh.
ballots for the united committees tick
ct, to which he adds 51,75O. the 30 per
cent. of the votes cast at the home
Office less the deduction for detectives.
Five thousand proxies which the COM
mittee votes for tho united committees.
is added to the estimate for the united
committee ticket. According to Mr..
Cntermyer's figures the united COM
mittee votes for the united committees,
while the administration ticket receiv-
ed 40 1,O