New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-18
REPORT ON INSURANCE
Manu- Western Commissioners 14ocdit
the Armstrong Recommendations

The Armstrong committee has practically com
pletcd the report which it will soon present 10
tne legislature and for which insurance officials
are waiting with bated breath, even though they
hA,,e,,e they have discounted many of its recon-
r,andations This is best indicated by the fact
that Senator Armstrong has. called the insurance
commissioners of various States to meet the
committee tomorrow morning to confer over
the report as written and to offer further recon-
mendations.
Among the insurance commissioners expected
here tomorrow is Rean Folk. Of Tennessee d
brother of Governor Folk OF Missouri MI FOLK
is also Treasurer Of the State and has kept
watchful eye on the investigation in New \ DIX
Willard D Nandiver. the Missouri cornmis-
sioner. is on his way from Jefferson City. He mas
already taken action in his State against the
New-Yorl Life, and unless he is satisfied with
the reforms which New-York State secures he
will have other companies test in the courts
their rights to do business in his State. Thomas
D. O'Brten. Insurance Commissioner of Mime
sofa. will be another interested listener when
the Armstrong report is read. Senator Arm
strong was in Albany yesterday and VIII not
return until Friday morning.
Charles E Hughes. counsel for the insurance
committee. denied yesterday that he had eA-
pressed any opinion on the subject OF twisting
when a petition of the metropolitan agents Oh
the EQUITABLE Life was presented to him Tor
reference to the Armstrong committee. TWIST
ing is the insurance agents name for persuao-
ing a policyhclder to drop his policy in one COM
pany to insure in another It is said that much
twisting has been done since the insurance
investigation started, and that the large COM
panies have lost business 10 the sna4ef anu
more conservative ones.
It; I
the monthly pay checks before going to Albany
on Monday there was almost a strike among
the clerks Of the Provident company, of which
Mr. Woodruff has recently become the head.
When the regular pay day passed without checks
the clerks feared the company was in financial
difficulty and threatened not TO work yesterday
The situation was explained to them and all
reported for duty usual
The trustees of the Equitable are casting about
for men to fill the two vacant -vice-presidencles
in the company's list of officers. James Hazen
HYDE resigned as Weep president last summer,
and since that time his suite of offices on the
second floor of the EQUITABLE Building has been
vacant. The office of fourth vtce-presldent, Tor
r1erIy held by William H. Mcintyre is also va
cant.
No intination has been given out as to the
men who will i'll these vacancies, but it is likely
that an election will be held at the next meet
ing Of the board, on January 81. Gage E Tar
bell, second vice-president would be the logical
candidate for Hyde's old place II IS sald on
good authority, however, that the Ryan morton
management is determined that Mt 1arpeli
shall stay where he is, in charge OF the agency
department.
President Peabody Of the Mutual Life held a
conference Yesterday with the metropolitan
agents of the company These men worked under
Raymond & Co, who had a monopoly Of the
New-York business. The insurance inyestiga-
other snap contracts They talked over the
prospect of new business.