New-York tribune., 1906-04-26
STANDS BY TRUSTEES.
HOT SHOT BY CRIMMINS.
Calls Washington Com mmittee Nor
iccs-NutuaPs Quarterly Report.

That the present trustees of the Mutual Life
s-e resolving encouragement from heavy policy
holders and that those who are trying 70 form
outside "housecleaning' committees are having
considerable trouble 10 obtain desirable repre-
ssatatiyes were made evident when the let
-or IN which John u. Crimmins refused 10 join
lie Washington policyholders' committee was
read a. the quarterly meeting of the board.
which was held yesterday afternoon. At this
meeting the financial report for the first three
months T 1906 was presented and showed
tremendous falling of in new business.
As one n tae big poHcyholders Of the Mutual
Ifs. 5oh2 g. Crinmins was asked by B. y.
El,.-r. chairman II The Washington policyhold-
e-s' committee. 80 become one Of It's members.
II hs -c.,y he declares that ne will stand by the
I-eseu, board and vote FOR the ticket they put
n nomination The letter reads in part:
have KEEP. myself fully advised oI the insur-
aac1 situation and have followed investigations
and legislation. Ny interest in tne good admin
ktraton Cr the compauy's affairs may be con-
EdeIel -a1 1r. as my policies amount to S150,000.
F. no aCt III mine or influence may have with
t-her p0lCyh0l 3erS VIII ] assent the plan of
he association. The investment is too sacred,
far the benefit OF my family. and l Will not
le7Ta-1ize il ny placing il in the hands OF
n9vices. may say IN insurance matters.
admitting that the trustees have erred in
judgment in many ways. ! sul recognize that
and ln their integrity the company has prospered
ana tle surplus accumulated. We may rest on
he annual statement Of the company which
shows t-at The money paid by The poIicyhOlders
has been wisely invested.
Your ass sciat-~ viii not have conceit enough
p claim -rar they are men Of higher integrity
than tar present trustees, nor VIII they have
coaceit enough t0 say that they have as wide
an experience ln insurance matters. The meth
ols - the company are now open book and
Ne may read Them Methods that have been
condemned 10 The past win be corrected in the
future. ! win give my vote 70 q continuance of
te present board ar 10 any committee they will
nave to solicit proxies. This ! shall advise all
Fa' VIII listen 20 me for advice on this subject
o. such vital Importance 10 them as individuals.
The latest report Of the Truesdale committee.
Which has been printed since the last meeting
G ne board was yesterday referred 10 Presi-
oshi Peabody for whatever action he may see
IL Ihls and other expressions Of confidence
winch the trustees have lately shown have dis
sI2'ea all idea that h viii resign before the
ne0 election.
inc Mutual Life yesterday received a telegram
-oa Ar Hathaway, It's agent al San Fran
CISCO He said that he and his family were alive
p-' laat the Mutual Life Building had been en-
'lely destroyed. He said nothing Of the records
'U california. Nevada and the Hawaiin Isl
elas which we're kept al San Francisco II IS
reared that they have been destroyed. and clerks
-' itoDabIy be put 10 work to-day to trace
mem al the Offices in this city.
Ihe Equitable discovered yesterday that il
vas carrying risk Of $1,000 on the life Of
-11'oT n C. THden, the prominent San Fran
esean VINO was shot to death by patrol while
~ NEG nee Cross duty The policy was taken out
= Io65 and a. that time he made applicatior,
~ s9VV additional Insurance. which for some
s .e4sOa De never took out. The $1,000 policy will
N paic a. once
me quarterly financial report Of the Mutual
winch was made public yesterday. shows
= OO--pa'2son with the report OF the same Pc
Ss' year what ravages the insurance re-
-. i@f MADE IN the business. II is encourag-
- Z Ihat ii shows a decidedly increasing saw
&g tendency.
,Na'ufaAy' the biggest falling OF is in new
- lio II the payment Of commissions TO
IN tie first quarter OF 1905 new
Eo.e1is So were received 10 the amount Of 81
q 'oo % while this year the period ending March
1eosd only SS89,l79 The slight increase
eIe"sl premiums is not nearly so great as It