The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1906-12-21
BITTERLY WAGED
CONTEST CLOSED
:, urw YORK AND MUTUAL LIFE
COMPANIES, ELECTION or
THE TRUSTEES.
c..,,oo Of Ballots Ends, But Court
win be slew-Never Anytime 10
c.nsare With Il ia country's HE.
,ory--seth sides Claim Victory.

,.vsr before in the history OF the
o,nntry has there been anything to
.omDare with the election in this city
today of trustees for the New York
$50 and Mutual Life Insurance Com
.o,,es In number of ballots cast and
n ,he expenditure Of time and money,
No election approached that OF one
Il the States of the Union Certainly
40 corporation or society election ev-
.r measured up to it in magnitude or
interest.
The total vote cast in both compan-
les will approximate 100000. of which
about 100000 will be in the New York
LIE in which the contest has been
more bitterly Waged. 1t is expected
that II will be some weeks before the
votes are counted and the results of
the campaign known.
The Equitable Life Assurance So
etety the Mutual Reserve Life Insur-
snce Company and the Security Mu-
tual, of Binghamton, also held cleo
tons today, but as there were no OPP
position tickets in the field these COM
panies, the elections of their admin
istration tickets had without doubt
been elected by large majorities.
The International Policyholder's
Committee, through Samuel Inter
myer, its general counsel. expressed
the conviction that the reform tickets
would win in both companies, but by
comparatively close margins.
Grand Jury's Work.
While the ballots were being turn
ed in at the companies offices today,
the grand jury was investigating the
affairs of the New York Life Insur-
snce Company as brought out before
the Legislative Investigating Commit
Tee. District Attorney Jerome exam
med several witnesses among whom
we're Edmond B. Randolph, Treasur-
er Of the New York Life, and his chief
clerk, NJ. NJ Matison. Both will be
recalled.
william Nelson Cromwell, of coun-
sci for the New York Life Insurance
Company, after the close OF the cleo
tion today. issued a statement In
which he said:
The number of ballots received at
he home ONCE and delivered by the
administration to the inspectors OF
elections was 1858 and the votes by
proxy cast of the administration tick
ct were 114.00e. making total of 306,-
40.
From the fact that the ballots In
favor OF the administration have gem
orally been sent to the home ONCE and
hose in favor of the International Com
mite to the once of the latter, It Is
reasonable to presume that at least
rom so to 80 per cent. of the ballots
sent to the home ONCE are in favor OF
The administration ticket, which makes
a total administration vote of 100000.
In the ofices of the New York Life
nearly 10000 ballots were turned in
before the end of the first hour. Prac-
ticahy all OF these votes were cast by
Proxies Turned In.
Representatives OF 'the administra-
ton ticket" made up of present ON
GERS of the company, turned in $4,000
proxies at one time and few moments
later the anti-sdministration party
handed in ten boxes containing $500
proxies each. These proxies have not
vet been accepted, however. a question
as to their legality having arisen from
he fact that they were handed in by
private parties.
State Superintendent Of Insurance
Kelsey was present with several dep |
ltieS when the voting began. Super
ntendent Kelsey had in his possession |
10000 ballots which were turned In
alter in the day These ballots were
sent to Mr. Kelsey direct by policy
lolders.
Al the home office of the Mutual |
'lfe Company the early voting was
lot so heavy The first ballots depos-
ted were lot of 10000, representing
ne foreign proxies held by the present
'hcials of the company A represen-
ative of the company said that
'reat many of the foreign proxies
anne from France.
Among those who appeared to vote
Y the New York Life Office were many
men, each Of whom offered bundles
.sch containing 100 proxies. Samuel
ntermyer, acting for the International
'oIicyhoiders' commfttee, objected tel