The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-05-08
NEW MUTUAL TRUSTEES CHOSEN
Henry Phipps and w. l.. Mcmillan Nomi.
mated for Two OF the Vacancies.

Henry PhippS ana W. IL. MCMILLAN NOmis
mated for Two OF the Vacancies.
At a meeting Of the boardof trustees of
the Mutual Life Insurance Company yes
terday six new trustees were elected to fill
vacancies CAUSED by the resignation Of the
McCurdys, father and son Elbridge T.
Gerry, Stuyvesant Fish. Robert A. Granniss.
DIR. W. r. Gillette, James Speyer, Dudley
Olcott and Efingham B. Morris. The
trustees elected are Nathaniel Thayer Of
Boston; Hugo Barring of the banking firm
of Barring, Magoun & Co.; Louis Stern OF
Stern Bros; George P. Miller, a law yer OF
Milwaukee; George 8. Brown, a partn er In
the real estate business Of Douglas Robin
son, brother-in- law Of President Roosevelt,
and Leroy Springs, the cotton manu-
facturer Of Lancaster, SC, who was recon-
mended for a place on the board by the
p%oicyholders' committee Of that State.
The trustees also nominated for two OF
the three vacancies remaining in the board
Henry Phipps, formerly a partner Of An
drew Carnegie, and William L. Mcmillan
of Detroit, a son Of former United States
Senator Mcmillan Of Michigan. Mr.. McMil-
Ian is a practising lawyer. Mr.. Phipps has
| retired from active business and now re-
sides In this city.
The report Of the committee amending
the bylaws Of the company was discussed
at length. There was some objection to
the wording Of some of the amendments.
and it was finally decided to refer the report
back to the committee 30 that certain
changes in the phraseology could be made.
1t is expected that the amended bylaws will
be adopted at the next m~eeting-on Monday
Of the coming week.
1t was developed yesterday that 1t won't
be an easy task, after all, for the various
committees OF policyholders who are going
to fight for the election Of new trustees
at the annual election Of the big mutual
companies in December to get a list of the
p~olicyholders. The law recently passed
requires the Mutual and the New York
Life to file two copies OF these lists with the
insurance departments OF the various
States in which they do business. Last
week President Peabody Of the Mutual
announced that he would do nothing to
obstruct the policyholders' committees in
getting copies Of the lists. He said that il
the lists were printed he would see th1t
any one entitled to copies got them.
1t now turns out that the lists for the
two big companies will not be printed
at all and that if the polioyholders' com;
mittees wish TO seCure the names and
addresses, as they uhooupueaiy 10, tney
pense of copying them in the office Of
the State Department at Albany. The
Mutual. IL seems, has decided 10 have
the lists typewritten and has already made
a contract for the work. The contract
calls for no copies other than those re-
quired by the law.
The New York Life has contracted to
have its lists made by the stencil process.
Like the Mutual's contract, there is no
provision for extra copies. .
IL was reported yesterday that the law
derartment Of the New York Life was about
20 ask leave to amend the complaint in
the suit for an accounting instituted against
Andrew Hamilton on the recommendation
Of the Fowler investigating committee. IL
was also Iumored that the suit might he
withdrawn. No confirmation of these re-
ports could be obtained. William s.. Keener,
attorney for the Fowler committee refused
10 talk about the matter.