The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-03-02
VIEW INQUIRY INTO MUTUAL
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nptasI r%rivntly IN N'shtuEt'n VIII l'
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fn addition 'p u~.raugaitus AMI hiring
ing suits Tho COMMITTEES viii fnRk" y cam
p,iss fur pfpytrs II the recommendation
~ mo ARMSTRONG committee g. through
Tho attitude NJ Stuyvr-ant fish ioNar1
the work uf. the Mutual -elt investigating
commi, 500. from witch he resigned va
ntthnrtnttvcIv disolu-ed yesterday m >
cahle Gc-rn,,h which NJ Fish -"nt T."
Lord North,iFo Sir Nlfrnd lIaun-w"rih.
IouI NorhrliTc b. chairman NJ the proio"-
tive committees uf British policyhold"rS'
which has hccu quite HCtly" ~ lat" vi.
tish'- cahIcgrtm Waa -"ri IN reply =" this
message rccprycd hy him Yesterday from
tho English newspaper proprietor
lu>uo>. March 4. lnne
Ftst N,r uIt
BRUSH pnn,, uolder-' Protective is~ocla-
tor comm 'tro 'ic' with apprehension Nonf
fe.isuai ION lrum iuN"-tuGttiuE committee"
Docs This mul, abandoning yurr .ifonuoH-
Efforts for Thorough INVESTIGATION and g"nu-
mo reform? They utg" Nuu - continue sup
port with all vour Bower aud influence. gen
oral movement To- ltborHtc Mutual FROM trusts
and wall Street. making n one" NOR" r""llr
mutual managed solely m tn" r"ll'yhold"rs
Interests. Rrply inrm"lite lIru~"
loup~ NugrHcLIFrf chairman.
This was Mr. FI-h'- reply
Lard NurdchG,. Ccrm,hic Hoosr. Londnu
cable rrc"tv.d Having become satisfied
thorough INVESTIGATION from iu~ld" lmprartl-
cable. resigned from commlttc" and later
from board The ommltt" - four counsel
also resigned I'm invited to ioiu policy
holders movement for investigation and ro-
form What would YOU suggest Would
YOU also JOIN international Holicyioldcrs
cammitt"r and provide suitable" French and
German representatives. Tor whom YOU can
vouch' flNh.
Mr.. Fish refused absolutely Yesterday to
discuss the affairs Of ither the Mutual Life
or the Illinois Central Railroad.
Mr.. Fish's resignation ~ a trustee Of the
Mutual Life was accepted yesterday at a
special meeting of the bonrd The reslgna-
ton of Efingham b. Morris also was ac-
cepted, This statement OF the proceed
ings Of the meeting was handed out;
The opinion of the Hon. Joseph ". Ch"at",
advising the bringing of suits against Rich
ard 4. McCurdy and Robert II, McCurdy
and the firm of Charles II. Raymond 4 Co..
including T.. 4 Thdbaud, was read and a
statement made by the president that suits
were instituted on receipt OF Mr. 'hoatcs
first expression Of his views before the prcsrn-
tation OF the formal opinion.
\ letter from Messrs, lruesdal" aud
AnChlnClOSS, IN" SI'tlHl tplHlO'll''' hVul 'NN''
to the president. calling for Information
from the company on many points. in lieu Of "A
prinr communication which had been with
drawn, was read for the of the
board,
The report Of the Armstrong committee
and its recommendations for Legislation were
brought by the president to the attention of
the honrd and NJ his request NiCe-Prcsident
McClintoCk made explanations In detail, after
which the following was proposed by
Commodore Gerry and adopted;
The board having duly considered the
report of the Armstrong committee ana the
pending legislation which IL proposed by
the Armstrong committee in pursuance OF
the said report. II IL now
Resolved, That 80 much of the report OF the
rs recommends remedial legisla-
ton he referred to the president and counsel,
with authority To appear heforr the leRlsla-
tuTc at any hearing on the bills introduced
by the committed and to present such facts
and considerations as in their jud may
most effectively protect the interests OF the
company md its policyholders.
Rcsoircd. That ms to the other matters
contained in the report the same he referred
10 the president to examine and report to this
board what action, II any, should he taken
thereon. and that until the reception of his
report further action on the report of the
committee be postponed.
President Peabody was asked TO make
public the reQuisition which the two re-
manning members of the Investigating COM
mittee have made in place OF the one which
caused the split in the committee. He
said that the requisition was now In The
hands Of the printer inc hat he would, IL
he deemed 1t practicable give 1t out later,