Show MUTUAl tiff LIfE LIKELY TO BE SHUT OUT IN Fifteen or Twenty Millions Millio s Would Have Have to Be Segregated to I Meet Requirements of French Law Company Await ipg ing Action pf of Grand Jury New York June the regular meeting me of the Life Ife directors to the serious situation In France FranceIs Is likely to be considered Charles A Peabody president oft e company has had ad recent from Emory vw vice president w which tc does o not indicate flattering outlook for the AmerIcan a ie and It is more than probable th that t the management man management 8 to withdraw from the effort to a u new busine s In ranee rec nt French Fr h edict said sahI Mr which requires American companies to invest in strictly French to the amount pf the full tuIl legal re reserve erve op on les wr written In France th the Mutual would ba have ye to seg segregate regato regate l to for tIlt the purpose At tomorrows meeting maGling the Truesdale committee is expected to present a fur further further ther report dealing chiefly with the work of the exPert account accountants accountants ants and with the irregularities the dis district district attorney has dy unearthed in inthe th the supply department H HIn In the various suits already begun by bythe bythe the Mutual against the members of the e expenditures committee commit committe te tee and nd others no further aggressive iv steps are re likely to pe be taken until coun counsel counsel sel for the company is able hIe to learn from Mr Jerome details of the information information tion elicited by the grand jUry |