The Montgomery advertiser., 1906-12-19
BOTH CLAIM
 THE VICTORY Election of Insurance
 Companies. TREMENDOUS VOTE IS CAST Mutual and New York Life Have
 Contests. Administration Claims to Have Won By Large Majority, While Inter- national POilcyhoIders Be-- Ifeve Themselves vie- torious By Small Vote.

New IOfk, DeC. IS.--f'fopaDlJ never before in the history of the cbuntry has there been anything to compare with the election in this city today for trustees for the New York Life and the Mutual Life Insurance Companies.
 In number of ballots cast and in the expenditure of time and money, the election approached that of one of the States of the Union, certainly no cor poration or society election ever meas ured up to 1t jn magnitude or inter" est.
 The total vote cast in both companies will approximate S00,00o. of which about 800. .OOo will be in the New York Life, in which the contest has been more vigorously and more bitterly waged. It Is expected that 1t will be some weeks before the votes arc counted and the results of the cam paign known. The Equitable Life As surance Society, the Mutual Reserve LAfe Insurance Company and the Secur- ity Mutual of Binghampton. also held elections today, but as there were no opposition tickets in the field in these companies the elections of their ad- minlstration tickets were but perfume tory proceedngs.N
 Oficials of both the New York Life and the Mutual Companies declared to- night that the administration tickets had without doubt been elected by large maJorjties.
 The international Policyholders' Committed. through Samuel Untermyer, it's general counsel, expressed the con- victjon that the reform tickets would win In both companies. but by com~ paratively close margins. While the ballots were being turned in at the company's offices today the grand jury was Investigating the affairs of the New York Life Insurance Company as brought out before the legislative inc vestigating committee
 District Attorney Jerome examined several witnesses, among whom were Edmund B. Randolph. Treasurer of the New York Life, and hls chief, M. M. aIatissn. Roth will be reealleds
 William Nelson Cromwell, Of eounse for the New York Life Insurance Com pany, after the close of the election to day, issued a statement m whicn h' said:
 The number of ballots received at tho home office and delivered by the ad- ministration to the inspectors of cleo lions was 192,56S, and the votes by proxy cast for the administration tick. ct were 114.000, making total Of 5Ob-- 900.
 From the fact that the ballots in favor of the administration have gener- ally beensent to the home ofiice and those in favor of the international commit fec to the ofices of the latter. 1t is reasonable to presume that at least from 80 to 90 per. cent of the ballots gent to the home office are in faVor oi the administration ticket, which makes A total administration vote of consider ably over 25o.o0o."
 - Uutermyersa objection. Among those who appeared to vote at fhe New York Life office we're many men. each of whom offered bundles each containing hundred proxies Samuel IJntermyer. acting for the in- ternational policyholders committee, objected to these proxies being received. They were accepted conditionaiiy not wIthstanding the protest Each of the men who offered the proxies was close lv questioned by Mir. Untermyer un- der oath. They were adivsed to their repIias by William Nelson Cromwell, acting for the insurance company of- ficials. The purport of the questions were. first: Are you an employe, agent or in any way connected with the conn pany?"
 To this, by advice of counsel the men declined to answer.
 
 collect these proxies yourselfT' and they all said they did.
 Then they were asked if when they sent out the proxies they put on the blanks the number of the poliices, which they declined to answer as they did a question of where they got the numbers of the policies.
 Superintendent Kelsey said that the protests which had been made would be decided later in the day and if the inspectors came to the conclusion that inc men offering the disputed proxies should answer the questions propound- ed to them, they will in the near fu- ture be required to answer.
 Cromwell Also Protests.
 He also said that the ten boxes of ballots had been protested by MT. Cromwell who claims that they are not legal, in that they were forwarded by private parties in stead of the company.
 Charles A. Peabody president of the Mutual Llfe Insurance Company, was the first person to vote proxies imme- diately after the opening of the polls at the Mutual Life Insurance COmpa- ny's office. He had 159 proxies. Louis Marshal, watcher for the International Policyholders Committee, insisted on identifying all proxyholders and re- served the right to enter protests when the actual counting begins.
 Early this afterI oon Richard Olney, General Benjamin F. Tracy rad Colon el Alfred M. Shook of Traey City, Tenn, the proxy committee for the policy holders ticket. appeared before the in- spectors in the Mutual Life office. They brought with them several bundles of proxies With the olney rarty was Representative Nicholas Longworth. who is the secretary of tho Interna- tional Pollcyholders Committee.
 MT. Cromwell. representing the ad- minlstration ticket announced this aEtetrnoon that he had turned over to inc inspectors of election 2S0. 900 votes. At the same time Samuel Untermyer, acting for the policyholders commit tee. said he had handed to the inspec- tors S,291 votes and still had in his nossegsion about 175,00 more votes which he will turn in before the polls close.
 Samuel Untermyer estimated that the united committees ticket of the Mutual would win by a majority of 19.O0o. MT. Untermyer said that 27,-