New-York tribune., 1907-09-30
QUIETLY PREPARING
INSURANCE TICKETS.
BIG COMPANIES READY
FOR ANNUAL ELECTIONS.
Unopposed. MandgemeHts for the
NOst Part RenOmindt6 Present
Directors

nrenarinq for their annual elections under the
provisions of the Armstrong insurance law A
year ago these elections caused worldwide
stir because of the strenuous fight to defeat the
administration tickets of the Mutual Life and
the New York Life by the international policy
holders committee. which put a ticket OF us
own into the field for each company These
opposition tickets badly defeated In ootn
companies.
Although the policyhoIders committee. after
its defeat announced that the effort to oust
the present managements OF the companies
would be renewed at the next election. no steps
to that end have been taken yet. so far as can
be learned
According to the Armstrong lGw the fun
boards of trustees of domestic life Insurance.
companies elected last year were divided by lot
into two classes the term of one class to expire
hin 1908 and the term of the other class to ex-
pire in 1909.
\. Y LIFE TO LOSE ORR AND MACKAf-
The administration ticket of the New York
Life. which is just being sent TO the policy
holders shows that ten Of the twelve men
whose terms expire IN 1908 have been renomi-
mated The two who are to drop out are Alex
ander E orr and Clarence H 3fackay- Mr.
Orr. who has been a director four or five years.
consented to step into the breach and become
the revelations of the Armstrong investigation
Although over seventy years old, Mr. Orr con-
sented TO retain the presidency until after the
election of trustees and the reorganization OK
the board under the law laws When tnat was
accomplished last June Mr. Orr stepped down
from the head Of the company and was sue
ceeded by Darwin P Kingsley 1t was gen.
orally supposed however. that Mr. Orr could oe
persuaded to remain a trustee His withdrawal
therefore. is somewhat OF a surprise
Mr MaCkay has many financial interests. and
has never been regular attendant at the meet
ings OF the New York Life board. He Is to re-
tire so that a man who more actively inter
est himself IN the company may be elected
HAZARD AND INNS ON THE TICKET.
Mr. Orr's place on the ticket has been taken
by Rowland H Hazard. of Peacedale. r. l..
president of the Peacedale Manufacturing COM
Danv vice-presdent of the SoIvay Process Com
pany. Of Syracuse. and member of the Amer'-
can Board of Commissioners for Foreign Mis-
sions William r. Inris. OF this city. appears
on the ticket in place OF Mr. @fackay- He IS
general manager of the Studebaker Manufact-
uring Company.
The other members OF the administration
ticket are as follows John E Andrus, Of
Yonkers; Julius F1eischmann- of Cincinnatts
Thomas p Fowler of New York: \. Barton
of Rochester; Woodbury. LangdOn. OF New
York; Robert j. Lowry. of Atlanta: Henry
c Mortimer, of New York. William B. Plunkett-
of Adams. Mass, and Elbridge c. Snow. OK
New York
The date for the election of these directors is
April l. Under the amended law the ticket has
to be filed with the State Superintendent OF
Elections seven months before the election Il
IS therefore. now on file letters of ac-
to a provision of the amended law This
amendment was considered necessary because
last year the Mutual Life nominated four men,
bers of the poIicyhoIders' committee for the ad-i
ministration ticket without getting their consent
TO run
The New York Life has appointed the follow
ing men to receive proxies for the adminstra-
ton ticket: Alba B. Johnson. Philadelphia:
Judge Horace H Lurton. Nashville. and Ebert
d. Murphy, Brooklyn.
MUTUAL. RESERVE ELECTION APRIL -
The annual election of the Mutual Reserve
will be held on April ~ Under its bylaws
the election would come in January. but the
amended law says that. wherever an election OF
a mutual company would regularly come before
April it shall be postponed to the corresponding
,fav OF that month The following adulinfstra-
tion ticket has been filed with the Superin-
tendent of Insurance. Franklyn c. Brown.
Charles w. Camp, Alva Collins. Archibald -.
HAYNES Henry L. Lamb and John b Miller
These the same men whose present terms
will expire next April. The men selected 10 re-
ceive proxies are Phineas c. Lounsuer, Edward
Lauterbach and William A. kissam.
Although the Equitable voluntarily complies
with some of the provisions OF the Law for NUT
ual life insurance companies 1t is stock cor
poration and. according to its charter. must
have it's election on December a. According to
the revised bylaws. twenty-eight of the fifty
two directors are to be elected by and represent
the poIicyholders- The remaining twenty-four
are to be chosen by the directors The terms OK
one-fourth of each class expire each year
EQUITABLE STOCK TICKET
The ticket of seven directors to be chosen by
the stock policyholders this year. which has
been filed with the Superintendent of Insurance.
is as follows: Thomas Randolph St Louis:
william Whitman, Boston. and John d Ker-
nan. E w. Bloomingdale. William l. Paine
lanes Mcmahon and Ludwig Nissen. OF
this city All are present members Of the board
with the exception of Mr.. Nissen. who is well
known diamond importer of Maiden Lane He
is to succeed Joseph Bryan, Of Richmond. who
has resigned
Ordinarily the stockholders of the Equitable
choose one-fourth or six. of their twenty-four
directors each year. As We're elected by
the stockholders last year. twelve will be chosen
at the coming election No nominations for
these positions have been made yet, and prob
ably will not be until the day of the election
The annual election of the Mutual Life does
not come until June and the administration
ticket has not been selected
Under the law the administration tickets OF
mutual companies must be filed with the Super