Show New York Life Insurance Company NEW YORK Fob SAt an adjourned meeting of the trustees of tho New York I Life Insurance company today the resignation resig-nation of President William H Beers was unanimously accepted I A special committee appointed to con I aider the report ot the state superintend i cut of insurance recently printed finds there is nothing to report which shows any corrupt or dshonestue of the companys funds for private pain of any otncors of I the company The committee reeoiiinends however a tlii ion of duties of oxecutivo olllcers by the appointment of an auditor wuo shall r report directly to the trustees i j The adoption of a bylaw that no salaried I I employee of the company shall bo eligible j i as president that a committee of live be i j appointed to make nominations to Illi va i conches tnat the bylaws De amended in such respect as shall add to tbe efficiency of tho organization The committee highly eulogises the services ser-vices of President Beers and lecitntuends I that n saary of i000 per annum bo paid to him during illS life The bare adopted resolutions accepting President Ba ro resignation ith regret accepting toe recommendation of the commuted for a pension of r d000 per aunuin unil also authorizing au-thorizing an agreement to secure Beers services > during tho reniHinucr ot his life in iu advisory capacity upon half pay 12 1 500 melting alto etaer un annual nmry ot 37f > 00 to be paid Mr Beefs during his life The report was accepted It is reported the presidency hat been offered to E W ico t one of tho vice prysidents l of the Equitable Life Assurance Assur-ance society to W L Stron one o tile companys present trustees and pre lI tu of the Central National 1 lank and to Mr McCjll < omJtroer the Kijuitu io |