New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-24
MUTUAL BEGINS SUITS.
First fiction to Recover $780,
34lG6 from II. 4. HcCwdu

The Mutual Life Insurance Company yesterday
filed the complaint .u the first OF eight actions
which have already been begun against former off,
GERS, agents and employees Of the company. The
first complaint demands 8,3-03H 66. with interest.
from Richard A. McCurdy, who recently resigned
as president II the company and who is I'm
Europe Should judgment re obtained on all Of
the counts I'm the SUR, II IS not likely that the
Mutual Life Company Will recover any large
amount. eE- President NcCurdy left little prop
eTty behind when De sailed for France. The suit
throws considerable light, however. on the extent
of the alleged irregularities in the management
Of this member Of the Big Three"
The complaint contains nine separate causes Of
action each Of whIch charges the former presi-
dent with waste through alleged unfaithfuness
and neglect ia the discharge Of his duties as the
cOmpanys president. An official summary of the
complaint says en- part:
The first i've causes Of action seek recovery in the
political parties since January !. 1855. The sixth
Of annual salary, drawn by the ex-president since
under circumstances detailed in the testimony be
fore the Armstrong committee
The seventh cause Of action seeks to recover
100000 the aggregate Of the respective sums OF
5000 drawn quarterly from the plaintiff for the
fore the Armstrong committee. go
loss 10 5he paint of 81 5000 through mp 5S5
dence and want Of faithfulness and diligence in
Solits T sSist-ict sen6 in co1tinlne md e,,a in
Teasn ne rates Of cornnoissions siai5 70 me said
firm after II had become apparent that it was
plaintiff In this cause Of action the complaint
alleges that LOUIS A. Iheoaua, the son-ln-laW OF
mOnd firm IN 1893 as the successor to Robert II
was given a quarter interest, which was increased
IN 1885 10 onehalf. IN 1902 10 two-thrds and IN 1903
OF nearly $4,000 during the years 1888 to 1904
Irrespective Of his interest IN the large amounts
paid 10 the firm out Of the plaintiffs moneys prac-
The ninth cause takes up the sum of s1282.S41 u
received by Robert II. McCurdy as commissions
the foreign departments and charges that bT
reason OF unfalthfulness ana neglect by the eX-
business had rendered exorbant and unnecessary
and that the services OF Robert n McCurdv as
superintendent Of the foreign department could
Exceeding $500 per ' onhum 'y S'iTS not
The complaints in the suits are now being pre-
pared and VIII be served within few days
Alexander f Orr. president of the New York
Life Insurance Company. made a formal denial
yesterday TO a Tribune reporter OF the charges
which have been made by Thomas W Lawson Of
Boston that his company still sanctioned rebatiDe
ana that policies wee being given away to secure
/ proxies for the coming annual election 10 April.
President Orr stated further that the campaign to
secure proxies had ceased some time ago.
I'VE have not departed from the regular custom "
/ he said 'of asking for the proxies Of those who
called at this Office It involves expense the
company. DO not know that this is done at branch
Offices in other cities. The soliciting agents have
been taking proxies. but that too was without ex-
pense."
When told the tenor Of President Orrs interview
with The Tribune. Samuel Untermyer, who last
Saturday addressed letter Of warning TO President
Orr on the subject OF proxy gathering at the com
pany expense. said that Mr.. Orr might well make
/ iurther Inquiries. He declared that during the
I month OF March the country had been flooded with
Applications for proXtes sent out by the company
ana accompanied by stamped return envelopes He
SAID that only last week Nice-President Buckner
mao sent out kilograms urging the agents 90 CON
unne their campaign. Mr.. Untermyer declared
that Thomas W. Lawson had no connection with
me polleyholders committee which he represented
ne oeelafeo' however, that Mr.. Lawson had acted
WIN commendabe spirit in the insurance business
stuyVesant Fish. who resigned from the Trues-
GAZE committee and as trustee Of the Mutual Life
AnsuFases Company few weeks ago, fears that