The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-11-09
CONTROL OF THE
new YORK LIFE
Arguments Heard in the In
junction Case Brought
by Stephen FarreIly.
SERIOUS CHARGES MADE
IMPROPER USE OF MONEY is
DENIED.

New York. Nov S.-JustiCe Bowling,
in the New York state supreme court,
today heard arguments of counsel for
the international policy-holders' COM
mittee and the New York Life Insur-
ance company in an attempt by a pol
icy-holder to prevent the trustees of
the company from expanding its funds
in conducting a campaign to elect the
administration ticket of trustees. Ste
phen Farrelly of this city was the pol
'fcy-holder who applied TO the courts for
IAN injunction to restrain an alleged
waste of the company's funds and an
accounting of the funds already alleged
20 have been expended in the campaign.
Ballots Sent Out.
sit is alleged i'm the complaint that the
defendants caused TO be printed soc 900
Ballots similar to the official ballot
iplaced them in return envelopes and
sent then1sto the agents of the company
with instructions to place on each bal
lot the humber of policy and to cross
off the names of the candidates of the
international committees ticket 1t is
scharged that this was done TO secure
The return of ballots i'm advance of the
issue Of the official ballot; that the
postage stamps were so placed as to
10 the company, and that advances of
many thousands of dollars were made
TO the agents to compensate them for
their efforts to elect the administration
ticket.
Ground of Complaint.
Samuel Untermeyer. counsel for the
international policy-holders' committee.
appeared for Mr.. Farrely. He said
that the trustees of the New York Life
1age of lOOphOIes i'm the new insurance
law to defeat the object for which the
law was passed. The defendants. he
said. carefully omitted To say that the
ticket not scratched was that of the
administration He charged that the
work of transcribing the number of the
policies was done by officials of the
company and at the expense of the
policy-hOlders, and that it was done
TO steal the election. Mr. Untermeyer
displayed twenty-siX of the ballots of
which he complained. and said that
tens of thousands of policy holders had
appealed to the committee to ask the
courts to prevent a misuse of their
funds.
Denial of Company.
James H. Mcintosh attorney to the
New York Life Insurance company.
said the electioneering campaign was
perfectly fair.
The agents informed each policy
holder that there was two tickets in
the field, and asked him to vote the
administration ticket. and that the lat
ter was sent at the expense of the
agent. Mr.. Mcintosh then submitted
affidayits from President A. E. Orr
and Vice President Kfagley DENYING
that the directors had interfered i'm any
way with the election of "A ticket by
the policy-holders
The affidavit of Mr.. Kingsley admit
ted that SOO,00 official statements and
return envelopes had been printed and
forwarded to the company's agents.
but merely for the use of such policy
holders as might desire it. and to facil-
itate their voting.
Affidavits Presented.
Ar affidavit from the comptroller Of
the New York Life from whicSs coun-
Sel read extracts, declared that no por-
stPn Of the expense of sending out tick
IS and the envelopes complained of
vas borne by the company.
ceency Inspector DusseI. in an Aft
havit. said he had spent between 500
and $500 in endeavoring to get the adj
folpiStratiOn ticket elected but il was
= II of his own pocket.
The afidavits of the cashiers in the
Slfcerent offices throughout the country
were next submitted. They said they
we've all working in support of the adj
..nhistration ticket because they be-
lieved i'm it and that no moneys had
been paid out by them for the purpose
OF conducting the election campaign.
Adjournment was tai en- until tomor-
row.
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