New-York tribune., 1906-06-21
FOR NATURALIZATION.
EQUITABLE TAKES ACTION
life Assurance Directors Vote Ap-
proUaI of Nezc Charter.

orIy .bfrtv-two of the fifty-two directors of
the Equitable Life Assurance Society attended
the adjourned meeting yesterday, but they AL
voted in approval OF the amended charter which
nrovides for the Immediate naturalization OF the
society. As the amended charter had been ap-
proved al meeting Of the stockholders on Mon
dav copies of the charter were sent yesterday
to A1banv TO be presented to Attorney General
Maver and the Superintendent of Insurance for
their approval
The directors viii meet again to-day 10 re-
ceve from the trustees their nominations of the
twenty-eieht directors TO be elected by the
roIfcyholders in December. The men so named
viii constitute the administration ticket. but
should poicyholders object to the ticket. it will
be in the power of the committee of one hundred
policyhoiders to nominate an independent policy
holders ticket The election Of the twenty-eight
directors by the policyholders will be under the
new insurance law At the same time twenty
four directors will be elected to represent the
stock and they will be named by the trustees
Grover Cleveland Morgan J. O'Brien and George
Westinghouse
The portion of the amended charter which
provides for the naturalization of the society is
as follows:
To the end that after the year 1906 majority
p. he directors of the company shall be policy
holders elected by the polcyholders OF the COM
pany the terms of twenty OF the directors
constituting tne DpdIu VI hlltSApAS -.
1906, shall expire on December 81 OF that year,
The twenty-eight directorships which shaIi SO
expire shall comprise the thirteen drecIoi
heretofore filed for the term of four years END
ing on December 81, 1906. and the thirteen dl-
rectorshps heretofore filled for the term OF Iour
wears ending or December 81, 1909 toeeLhet
with one directorship from the class heretofore
filled for tbs term OF four years ending on De-
cenlber 81 1908 ooc .,.o
shall he a vacancy in either Of the two classes
of directors last mentioned. the directorshp so
vacant. or II there be more man Oh 20 he
determined by lot by the president or secretary
shall be the one Of that class whlcn sIail ,es- ee
pire on December 81. 1905. II In either class
there shall be no such vacancy on the first qay
of July. 1906. the president or secretary OF me
company shall forthwith determine by lot me
director Of that class lass whose term snsii
on December 81, 1905 :.
At the regular election of the company IN
December 1906. there shall be elected by the
poicyholders twenty-eight directors. all or whofl
shall be policyholdeTs of the company Such
directors shall be so elected IN four classes Oh
seven directors each. the terms Of such classes
TO begin on January !. 1907, and to expire. re-
spectively IN one, two, three ana four years
At every subsequent annual election OF the com
panv seven policyholders shall be elected by the
policyholders To serve as directors for a term OF
5o,r years TO succeed the seven directors elected
by the policyholders of the class whose term ex-
pires on the ensuing December 81.
The announcement OF the resignation Of ]. A.
Albright, OF Buffalo. as a director Of the Equi-
table was announced yesterday. Mr.. Albright
gave as the reason for his resignation that his
private business took too much of his time TO
enable him TO serve as a director of the society.
l. o. Fisher. certified public accountant, who
has been for many years with Haskins & Sells.
was appointed general auditor for the society,"
effective July II, 1905
Paul Morton. president Of the Equitable, sails
for Europe to-day on the steamship Kaiserin
Aueuste Victoria. He Will be abroad about six
weeks and will look after financial affairs Of the
EQUITABLE in LONDON, Paris and Berlin.
George T Wilson, a vice-president of the
Equitable. sailed yesterday the Oceanic. He
viii he abroad about two months looking after
the Equitable foreign agencies.
The time within which the Mutual Life must
file its complaints in the civil suits against Rich
ard A and Robert H McCurdy will be up on
Monday next II IS expected the company will
" ask for another extension
To show how completely the Haldenan move
rnent against the Mutual Life had collapsed in
Great Britain. definite figures were given out in
the Mutual Life Building yesterday bearing upon
the amount Of the policies surrendered since the
insurance troubles began, and since Haldeman
left the Mutual Life British manager and
connected himself with the North British and
Mercantile Company. 1t asserted that not
q single 100000 policy had been surrendered by
any British poicyhoIder.