New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-06-11
ANSWER SUITS
Papers in Response to Mutual Com
plants Serred.

Answers have just been served in the suits OF the
Mutual Life Insurance Company against Richard
:. McCurdy and Robert Il. McCurdy, former presi-
dent and superintendent OF foreign agencies. re-
spectiyely. of that company. These suits which
are for an accounting and the recovery Of millions
Of dollars. which the company alleges were I'M
properly and extravagantly appropriated while the
McCurdy administration was in power, were begun
nearly q year ago. Il will be another year more
II estimated yesterday. before they posi-
bly, be brought to trial
There are TWO suits against the ex-president OF
the Mutual Life alone. One IS for accounting
and other for the recovery Of S33034 &c. which
is alleged 10 have been wastefully expended In
vrious ways through the order or fundamentally
Of Mr.. McCurdy.
Then the elder Mr. McCurdy is a co-defendant
with Robert H. AIcCurdy his son, for the recovery
Of S1C02 81 65. This money represents large IN
crease in the younger Mr.. McCurdy's salary and
large commissions which he received. IN addition,
on the foreign business.
Richard =. McCurdy IS also p co-defendant in
suit to recover some s, go 900 which was paid IN
alleged excessive commissions to the firm Of Ray
mond & Thebaud general agents of the Mutual
The other defendants are G. H. Raymond and Louis
A Thebaud.
u was brought out IN the Armstrong investisa-
ton that Raymond and Tbiebaud had particularly
favorable contract through which the profits on
their business were extraordinary. This suit has
been opposed on technicaties and has already gone
to the Appellate Division OF the Supreme Court
There II was decided that some changes would have
70 be made in the complaint. The amended com
plailnt IS not ready, but will probably be served
within the next two weeks.
There are several other suits pending for the re-
coVery Of money which IS alleged to have been
extraZaeantly spent by various former directors
ard officials under the McCurdy regime. Among
them are suits against andrew H. Fields. former
head OF the department OF supplies. and against
Robert Olyphant and other members Of the old eX-
pendltUTes committee.
i is likely that the board Of directors Of the
Mutual Reserve viii adopt e, set Of bylaws as
a result Of the searching investigation Of It's or
ganizaton and methods OF financial operation now
being conducted by sub COmmittees Of the board
ton Of the reform provisions put into the revised
bylaws Of the Mutual Life and the Equitable
Among the important provisions being considered Is
one eEt4 IliShiuE check executive expenditures
bv making II necessary 10 get the consent OF the
entire board before making any large contracts or
The grand Jury began yesterday Investigation
into the conduct and affairs Of the New ork Life
Edmund T., Randolph, the treasurer or the com
PAW. the only witness called Ot4leTS OF TIE
cornpany's officers Will follow.
The committee barks OF the National Asso-
cIati0 Of Insurance Superintendent IN session at
the Hotel Manhattan, is considering the insurance
blanks in use IN the various states. anc VIII Try
Ia design and perfect standard blank FORM Tor
all state insurance departments. II. d. Appleton,
Of New York IS chairman Of the committee, ana
Tfe associates are Superintendent Fletcher Of
zTassachysetts; Superintendent Hadley. or Maine;
c,IDeTintendent ToTys, of ONO; SupeLlhleluellI
I}Tiuckerhoff Of Illinois; Superintendent IayIor! OF
VIRGINIA and Superintendent Woodward, OF ON
,1ericY: The committee expects 10 De IN session
three or four days.