The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-09-18
ON 4 MUTUAL TICKET.
A THIRD SET or NOMINEES TO BE
FILED m ALBANY TO-DAY.

International COMMITTEES and the Admin
IstratIOn Each says the Other Did u
Two Mutual Onicers N It-ASency
Men on the International Ticket.
Charles T.. Hughes's name appears on a
third Mutual Life ticket which will be put
in the field. Mr.. Hughes's name appears
without his consent or knowledge. The
third ticket will be fled in Albany to-day.
as will also the Mutual ticket nominated
Jointly by the international policy holders
committee and the Mutual Life policy
holders association. The International
organization will also file to-day with the
State Superintendent its ticket Tor the
New York Life board Of trustees.
There was a difference OF opinion yester-
day az to who is fathering the third ticket.
The international committee people gave
II as their opinion that il was being thrown
out by a faction in the Mutual for the
purpose Of splitting the policyholders
vote and thus weakening the International
committees chances. Officers OF the
Mutual, on the other hand, thought the
leaders in the international committee
themselves were responsible for the ticket.
They said they based their belief on the
fact that 4 majority Of the nominees on the
| ticket were taken from the international
committees ticket. They declared that
they saw in the move a clever attempt to
put a majority Of the international whine
in even IL the full ticket wasn't elected.
The international officers declared that
these statements were utterly false. They
had been working night and day. they said,
to prevent this very thing. 1t was in order
to prevent q third ticket from appearing in
the field that they joined with the Mutual
Life policyholders' association in nominal
ing a single opposition ticket. A third
ticket was the last thing in the world they
wanted to see. 1t was to prevent the APP
pearance Of such q ticket with some OF their
own nominees on II that the International
committee kept the anne Of the men whom
il has selected secret for more than a week.
II any OF the international nominees appear
on the third ticket it will be evident, the
International people say, that Mutual Life
officers succeeded in getting hold Of the COM
mittee's ticket.
II il understood that the third ticket
contained the names of twelve or thirteen
men nominated by the International COM
mittee and nine or ten from the Mutual
administration tick The others were said
to be Mutual Life general agents and indie
pendent nominees. 1t is known that the
names Of two Mutual Life officers, Emory
McClintock, vice-president, and George I.
Dexter, agency director, are on the third
ticket. There wa a report that Charles
A. Peabody's name was omitted, and this
led to stories that Mr.. Peabody was being
crisscrossed by insiders in the Mutual
The third ticket, before II is filed. will
have to be sworn to by 100 policyhOlders,
who in the eyes Of the law stand as its sup
porters. II Mr.. Hughes's name IL left
on the ticket he will not he able to have 1t
removed, as the Appellate Division has
held that the Armstrong laws contain
no authority for the State Superintendent
{. Insurance to strike out a nominee ex-
oept through death or incapacity 1t is
known, however, that Mr.. Hughes will
announce, if his name is fled, that he will
refuse to serve II elected.
John Dewitt Warner, couns for the
Mutual Life ~policyhOlders' association,
which cooperated with the Untermyer or
Ranization in naming a Mutual ticket, gave
ort a statement last night which furnishes
the first definite information in regard
to the makeup Of the ticket.
1T contains" said he. mot merely a
large majority Of enterprisinR business
men OF independence, experience and
wide repute, but also factors OF legal and
legislative experience, IA well az special
EXPERT knowledge Of insurance affairs
and successful experience in them"
Mr.. Warner says further that in including
men who have had experience in the field
work Of the company the committees have
indicated their regard for the soliciting
branch of the c~ompany's business. That
means that the committees have nominated
some of the Mutual's agency directors
; the men on whom the ~company's present
mana cement is depending to deliver the
policyholders' proxies later. This would
explain the order which went out from
the Mutual a few days ago that any agent
who accepted a place Oh any ticket would
he discharged.
1t was said on good authority yesterday
that Alexander E.. Orr ia thinking Of retir-
ing from the presidency of the New York
Life before the election in December. The
man who made this statement said that the
New York Life trustees have under con-
sideration a man Of national prominence
for the place. ViCe-President BuCkner,
when questioned last night, denied that
Mr.. Orr had any thought Of getting out at
present. When Mr.. Orr accepted the presi-
OenCy ne Uldue II pbdll bhdt HC WOulu iii bho
Office only until a suitable successor could
found.
1t was learned yesterday that the Eqr:t-
able Life Assurance Society still has about
$500 900 coming to II on notes taken out by
the old management for advances to agents.
Included in the obligations are the notes OF
many policyholders whose paper was ao-
cepted by the agents as premiums in lieu OF
cash. That was the way the agents under
the old management swelled the volume OF
their business when they we're working for
prizes. 1t IL understood that the new man
agement OF the Equitable has instituted a
large number Of suits to recover on these
notes. A deduction was made in the last
statement OF assets for these notes, so that
anything recovered will be pure gain.