The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-09-30
FOURTH MUTUAL MANAGER OUT
FERRE or WORCESTER REBELS
AGAINST PEABODY

when Ordered 90 Take sntton's RIAee &C
Springfield Human Genes Up From
Louisville % Tak Hls Medicine -91gma
% . bstup On the RecAHcitrant Ones.
James +. FerrO, manager Of thu Mutual
Life Insurance Company at Worcester
Mass, who was ordered to take charge %
the Springfield oftice on Friday n suCoessor
to Edward o. Sutton, who resigned, has
also baked at being ooerced Into working
for the administration ticket. Yesterday
Mr.. Ferre sent his resignation to President
Peabody.
that the company has lost through the efforts
Of tho Peabody management 10 have tho
agents work for the administration ticlet.
IL IL said that Mr.. Fsrre was tho n man
on whom President Peabody thought hs
could rely to support the present manage
ment.
Mr.. Ferries resignation came In q brief
statement OF the fact. Il 10 expected,
however, that Mr. Peabody will hear from
him, at length 1 Monday mornings mall.
Bisooe Human. the Mutual Lifs Insurance
C~ompany's general manager at Louisville,
KY, arrived in this city yesterday. Hs
had been expected at tho Mutual once
Oh rTluhYs MAJ 1AuhA&G - 1Ot ouAy ~
at the main Office to explain what his attitude
IL but also to tell just why his name IN on
the fusion ticket that has been put In thS
field by an independent movement.
The Louisville general agent found every
body Of 1,t impo rSsS ). miss;n s from S.,t the
street yesterday. He would not say just
what he proposed to do In the master OF
President Peabody's scheme for all agents
getting out and hustlinS for the adminis-
/ K-.AtA~ NtnlKAN A.eA An .@~A a1Aw@-
J ity. however, that he would not submit to
the Peabody proposition very tameiy.
Some folks were Of the opinion yesterday
that unless Mr.. Human agreed to tho
demands Of the president Of the company
In an enthusiastio manner and not reluctant
ly he would DO summarty dismissed.
| Others had a very different idea Of the case.
They argued that the Mutual administre-
ton has mapped out q course toward their
os this policy Mr. HInmsn Win b merely
admonished gently, a. was o Hopkins,
the Boston manager,
In support Of this argument IL was pointed
out that there had been plain Indications
recently that the wrath OF the McCurdy
trustees on the Mutuals agency committee
had abated considerably, at least for the
present. No one would prophecy yegter-
day as TO what state of mind these trustees
would be in on Monday when Human goes
Things win be lively this week among
the ~policyholders' organizations. With the
excitement attending the naming OF the
tickets quieted down, the MEMBERS OF these
| organizations are getting down to serious
work. A meeting Of the conference oom-
mittees Of the International committee and
the Mutual Life Policyholders' Association
will be held at the Waldorf-Astoria onTues-
day. A general campaign committee win
be chosen at this meeting.
A delegation Of p~oliCyhoIders b coming
here later in the week from South Carolina
and they are 10 confer with the policy
holders organizations under an agree
ment which j. r. Young, the Insurance
Commissioner OF that State, made last week.
II became known yesterday that Bernard
N. Baker, who has been chairman OF the
| Mutual Life Policyholders' Asso citation, and
who In a proxy on the united ticket, will
not take an active part in the actual cam
paigning on account OF his position on the
proxy COMMITTEES.
WisHN0roN, Sept. 7p.-It was learned
to-day that the committee OF fifteen ap-
pointed at the insurace convention held
In Chicago last February will recommend
a mobilization In the New York insurance
code. The annual convention OF insurance
oommissio ners Of the Various States Will
meet on Tuesday at the Arlington Hotel
here. Gov. johnson OF Minnesota. who
was president OF the Chicago oonven-
ton, and the aGtuariee Of all the large IN
surance companies will be present
It is learned that the committee Of ff-
teen consider the New York Insurance code
too rigid in at least two respects, the ex-
pense provision and the provision limiting
the size OF an insurance company. These
features will be eliminated or modified in
the new code to be proposed a. q uniform
law for all States.