New-York tribune., 1906-04-09
UNTERMYERONPE
STANDARD MAN. HE SAYS.
LaScyer Also Sends Letter 4BrOaA
Jordan Still A,cnn.

-ObOf00N OtHt ATCdU.
As result OF the letter which Charles a Peas
body. president OF the Mutual Life Insurance
Company, made public Saturday that he was
In no way connected with the Standard OF. Har-
riman or Morgan interests. Samuel Untermyer,
counsel for the International poHcyholders' COM
mittee, looked through his correspondence files
and found letter which he had written about
the same time. This letter was also addressed
to Great Britain, TO Thomas H d Derridge, Mr..
Untermyer's London correspondent.
In this letter Mr.. Untermyer explained why IN
his opinion, President Peabody was Influenced
by Standard Oil interests. He cites the fact that
Mr.. Peabody is the law partner OF Fisher A
Baker who is the uncle OF George F. Baker. OF
the First National Bank. He further explains
that Mr.. Peabody is the Standard Oil represen-
tative on the boards of the Union Pacific and ths
Illinois Central railroads. The letter is as FOL.
lows:
lowing IS my understanding Of the facts with re-
mated president OF the Mutual Life Insurance Com
pany which you are at liberty 10 repeat to the
subject: '-' IL '''s''''''0N ON 'n''
Mr. Peabody was. until he assumed the once a
He has never been aH activs prsEtitio1e ~ ' bt h
/ tegrity, His partner. Fisher A. Baker. is wen
/ man. He is uncle OF George f. Baker. who is
the president and the principal owner OF the First
the financial world as a Morgan Standard oil bank
Tor many years existed between that bsnR S
/ Morgan & Co and the Standard OH group. George
/ chairman of the finance COMMITTEES and Henry ~.
rogers the chairman OF the agency committee OF
nant factor in standard OIL. and deservedly for
he is man of great ability and force Of character
/ whose word may be relied upon
MI MT Peaoody'S hrm are the counsel for Mr..
/ Baker and the First National Bank. and their re-
aJ0ns as 9 such with { {he nans "a aaGs Of this
! or of the Union Pacific Illinois Central and other
| corporations in which Mr.. Hartman IS interested
oil group and is generally regarded as their rep
resentatiye in at least some Of these boards Ee
business Prior to his selection as president he
| had not come in contact with the business in any
form. not counsel for an insurance com
| head of this financial group. which seems To have
been able 10 control great property IN "hich Iney
of corruption that fOuTshed under their regime
! Domination of the Baker Rogers influence in the
board and IL may be safely SAID lldl ne Is lIsll
/ WcCurdv and members OF the latters family CyOu
will note that none has been begun against others
| reasons If it be judiciaIy established IN these
suits as has already been admitted that Mr. Ne
/ CtIrdy paid and authorized millions OF dollars .Or
/ ering period OF years, the liability OF MT Baker
/ same time fixed Mr.. McCurdy, if pressed may 9e
unwilling longer to bear the burden OF TesPonsl.
/ his associates Of these transactions.
/ ENORMOUS SUMS PAID THE MCURDYs.
/ But whether they were active parties to thesa
| corrupt payments or permitted them through 1es-
I same may be said of the enormous sums paid 20
| agency contracts IL is incOnceivable that the
| agency committee. which was specially charged
f 5ifcIt TO saw whether their liability greater i
they they aPPIovfIS Ser case their liability VIII be estab
lished If the company succeeds IN tne SUITS tAese
| The polcyholders may well be pardoned for ques-
tionng motives OF SUITS orolelt anu
| were instituted TO anticipate and secure con
troll Of litigation which they knew was inevitable IN
the light of the disclosures, either oy ule polcy
holders by the Attorney Genera, anu 10 y b5ls.
suits out OF hostile hands ilsA ,,-l - 80
| likely vigorously TO prosecute suits which VIII
am satisfied that further investigation. which
/ the brief time allowed the Armstrong cOtauittcS
Baeil!Iy I & on we titio1s must be made under a
@ I,UJ lean NEUTRALITY-SUSPICIOUS. in no way allied with
management through whose WT3ngs , an aR@ 9ST,ee1
| The objections TO Mr.. Peabody are not personal.
They based upon MS ainiaIloaS, SAe - =, 80
ignorance OF the insurance oSl1esS al eoaoiLas 7 4
w Would be the retention Of the old management
/ Our friends on your sue ol H.I( Ge 10 - b nsisI
lated on voGr Side by the Industrious press bureau
which these gentlemen are vorkng oNertlIae You 3
ives ont for publication issuing interviews by the
/ ward. his Investigating committee publishing re-
since exposed not only without their aid. but in
spite of theul-alI for the purpose or creating the
4 false impression that these gentlemen are bent
! on exposing their own vickeduesS-
/ The game is an interesting one and comparatively
simple IL IL can be- played alone with no one 10 eX-
pose IT, The stakes are hea.y- immunity on the
ease q determine the extent 10 which body
Of ne shrewdest men in the country who are IN a
/ pretty deep hole of their own making can humoug
/ the public and lift themselves out ny thelr own
b0o+s+rus over the shoulders Of the policy holders
| whom thew Wronged IL they succeed this
/ time with all the safeguards now thrown around
tho poltcNtoiitlS tAetti7f ' t+.-4 At-t go t'llAo
I The company. further sympathy need be wasted
/ on them They Will deserve all thar has happened
and may happen to them
Thomas d. Jordan. the former controller Of
/ the Equitable. did not arrive In New York yes
/ tcrday according 20 members of his family at
/ the city home i'm Ssth street. II was said that
| he and Mrs. Jordan would spend Easter at At
4 lantic city.
/ At Cienehurst. the DObbs Ferry country home
/ Of Andrew Fields it was said that he was not vet
/ ready TO give out "a formal statement His son
1 would not say that Fields would issue a state
/ meut He was certain. however. that his father
would not issue any statement in the next few
/ days.
/ 7 have Mr.. Fields's promise that he viii give
| out statement TO the press in regard TO insl1r-
/ ance matters and that due notice will be Given
| when he Is ready" was the statement given our
| yesterday afternoon by DR.. Charles F. Judson
/ physician for Andrew c. Fields Continuing.
DIT Judson said
Mr., Fields is improving nicely. and I hope IL
VIII not be- long before nc viii be able to grant
1 an interview 10 the press. realize that when
very trying ordeal for him. ana he must be-
.t 1 unvSc4ltV a o aar IN verr h