The weekly soliphone., 1915-10-15
TRIES TO ENJOIN
 PART OF BIG LOAN
Policyholder in Mutual Life Insurance Go. Would Pre- vent Investment in For eign Securities.

Chicago, H., Oct. 12.-Alleging that the Mutual Life Insurance Company of New York contem- plates investing $10,000,000 of it's funds in the Anglod French loan of $5OO,000,000, Olga H. S. Walsh, Chicago, holder of a $2,00O insur- ance policy in the Mutual, filed suit for injunction in the federal court here yesterday.
 The insurance company, Charles Peabody, president; the directors, members of the Anglo-French loan commission, J. P. Morgan individ- ually and J. P. Morgan & Go. were named as defendants.
 Frank s. Monett, former attor- ney-general of Ohio, who prosecuted the. antitrust suit in that state against the Standard Oil Company acted as attorney for the plaintiff.
 The complaint to the court sets forth that among the thousands of policyholders in the Mutual Life Insurance Company are many per- sons of various nationalities, and that the investment of the trust fund of these policyholders in the Anglo-French loan would tend to produce antagonisms among the policyholders which might lead to disrupting the company and thereby depreciate the value of her interest in the company.
 In the language of the bill the court is informed that "the sol vency of the company and the con- servation of the reserve fund de- pend on the good will of the policy holders and no part of the assets of the company should be loaned or invested in the securities of any of the warning nations or issued for the purpose of abetting existing wars"
 The bill asks that the company officers be restrained from investing it's trust funds in the loan or sui fering any of it's assets to be used for the purpose of aiding the manu- facture of munitions of war, aero- planes, submarines, any naval out fit or appliances to be used by the English or French nations for bel ligerent purposes. It further asks that J. P. Morgan and J. P. Mor- gan & Go. be restrained from so- liciting or conniving with the off cers and directors of the Mutual Life Insurance Company for the purpose of procuring any of its funds directly or indirectly to be invested in the $50O,00O,000 Anglo French loan.
 A similar rule of court is petition ed against the members of the An glo-French loan commission headed by Baron Reading.
 The statutes of the State of Hi
 U ing investment of insurance com pany funds are incorporated in the bill and the court is informed that the investment in the foreign loan is contrary to the statutes, although it is declared the defendant compa- ny has already invested large sums in British consols, Cape of Good Hope stock and various Australian government securities.
 One of the salient paragraphs of the bill alleges that Charles A. Pea body, president of the Mutual Life Insurance Company, and George F. Baker, one of the directors, on Sept II, 1915, met secretly at "one of the selected rendezvous of J. P. Morgan and the Anglo-French com mission" and have met with them on other dates since, pledging the support of the Mutual Life Insur- ance Company directly or indirect ly. The assertion is made in the bill that the officers of the Mutual Life Insurance Company contem- plate and "are about to invest about $2O,OOO,OOO of the assets of the com pany in the loan.'
 Mir. Monett is a member of the legal committee of the National Peace League.