Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1914-03-27
MISS MCCOY GLAD
PROBE IS ORDERED
Says She Has Faith in LegisIa-
tive Investigation of Teach
ers' Retirement Fund.

Miss Emma y. Mccoy, Of New
Brunswick, secretary of the Public
School Teachers club, today sent out
typewriter statement concerning
her views on The action of the Leg
fsature in appropriatme $1,000 for an
Investigation Of the teachers retire
ment fund, which has its headquar-
tiers in Hoboken Hudson county.
She declares some of her friends
believe this committee will simply be
another "whltewash committee, as
Governor Fielder is from Hudson
county. but | win not entertain such
thought until I find out that our
governor merits this criticism
u have written to the governor and
other citizens of the State begging
them to use their influence to have
our teachers retirement fund placed
truly under State control. writes
Miss Mccoy Il am by no means
The only teacher in New Jersey dis
satisfied with the present manage
nlent OF the fund, and 1 hope that
our governor will do the fair thing
md appoint a commission that is per
fectly Neutral 10 both factions in this
controfersy
'FoY years, the fathers, the broth
ers find the friends of our teachers
been declaring that our fund
! not practical business PROPOSE
~ we teachers simply do not
y nobw whether it is or whether it is
~ find out We have blindly fol-
.ywed the management of this fund,
/pd now some of MS have practical
/reasons for thinking that they have
not good business judgment. There
fore it is time that we call a halt,
as we have done, and demand that
we shall know what guarantee we
have as 10 the stability of the fund
for future years
II have thought Of many ques-
fions that We're not included in my
formal QUESTIONABLE to the so-called
Investigation committee appointed
by Edward A. Murphy, of Jersey
City who was chairman of the last
annual convention of retirement fund
members, held at the State House
last September If Mr.. Murphy had
asked Inc to suggest one member of
that icommittce OF three, / would
have had more faith in his sincerity
to have an unbiased investigation
Then when the committee of Mr.
Murphys issued a report, claiming to
be an answer to my queries before L
had sent them any queries what
ever l was thoroughly convinced
that il was truly just another white
wash committee. then issued
statement of facts and sent them to
many teachers throughout the state,
together with my questionable to
Mr.. Murphys committee.
II was amused when | slW that
Mr. Branegan, leader in the House,
had been besieged by teachers to in
yestigate the retirement fund. and
they wished to name the probers.
When | read that | exclaimed. 'fho
same old game' indeed, my friends.
and I want no teachers Tor propers
of the teachers retirement fund. We
want thoroughly competent tinanciers
on that commission who are not con-
neCtod in any way with either fac
( ton We want the law changed; we
want some guarantee that our money
4 is BEING safely invested. The time
4 for calling this fund philanthropy
Z domestic missions, etc, has passed.
- and now want to know what kind
Il OF business proposition this fund
IS The sooner the teachers realize
that there is no million dollars I'm
the treasury of the Teachers retire
rnsnt fund the better il viii be, /
hope the governor will appoint Il
eafe, conservative commission. We
want the State Commissioners OF Ed
ucation. Banking and Insurance on
che Board OF Trustees, and we hope,
eventually. to have law that will
include them thereon.