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Show F NEW YORK LIFE i to upmi sfcj Trusses Said to Hap Bell i, tanth Accepted President's Resignation. V PEACE OF MINI) SI FFERS FROM MISUNDERSTANDING ,f . Can't Stud Alleged Distortion of Farts Attending Instigation. In-stigation. NEW YORK, Jan. 1 It was made known last night on excellent authority that John A. IfoCail resigned on Sat-urday Sat-urday the presidency Gf the Now York Tf Insurant company. SAys today' Times, and that his resignation was re- tntljr Accepted by the trustees or tU company. Official announin'rit of l 'he resignation nad been planned by l be trusters to be made next Tuesday, when the annual Statement of the company com-pany aleo becomes public property. k Mr. MrCall. at bin hmo bast night. weHlM "t r.-.i to a request that ha hfe. confirm the report of his resignation. Trustees Won't Talk. . Most r,r t! trustee! of the Nt Tors Ufa Insurance oompanj ercre upending J Nev. xaf's . in of town. None of those who OOUld he tH. hod would talk about Mi- M'l'all or the tompar.y's affairs , . Iff. UoClll'l resignation, according to lW i lie information which reached the if 'J1 Times, was presented to .1 full meeting " of the trustees Saturday morning. The :eslKnati'n was In wrltlrg. Peace of Mind Suffers. In his letter Mr. McCall said mat. al ter long and careful consideration, be had felt it best to ink" such step. In jF ths months during whk h i),.- msur- - nme controversy has affected the New York Life. he said, his peace of mind J bad suffered from ontlnuous mlsun- derstandlng and misrepresentation of k his actions mr distortion of facts and k misquotation of his utterances by the newspapers. He w is not In good health I I now, and he felt that It would be best for himself and for the company If he resigned the presidency. Protest Against It. a Protests were made by several of the trustees against receiving the reslgna- i.i tlon and there was evidently a desire on thfl part of the trustees that Mr Mr- all should still retain the presidency. j despite the demsnds from outside the m company for his deposition it wai made plain to the trustees, however. th;it Mr. M'-all wool.) ,!bide by his res- tljrnatlon. and '.I was then accepted, with approiiriate expressions of regret, i All of the trustees were pledged to tt sei recy until Tuesday nut, when the annual flnanl.il statement of the company com-pany will he mads PUbMl This statement state-ment Is known to be even more faor- anie to the company man might be cx-i cx-i ted. Claflin May Succeed Him. y John 'ijfiin. the good merchant, who Is a trustee of the New York Life. hi hn- Frequently been epoken t as Mr. in IfcCall'i ucoaaaor, but it is by no means certain that Mr. laflln will accept ac-cept the office. i Mr McCall, It Is understood. Intends "J to leave town after Tuesday next to take s long lest it is not Improbable 1 1 that he will go to Kurope for a while. Wouldn't Quit Under Fire. bi Many demand! hav been made by outsiders on Mr. McCall for his reslg- nation but he steadfastly declined to retire under fire. Suits have been brought to compel his resignation, as IS well as that Df '.urK.- W Perkins. ho (B was chairman "f th New York I.lfe"s 1 financial committee. State Superln- . tendent of Insurance Vandeveer of MIs- & sour! demanded both resignations. Mr. Perkl:is of his own Initiative did retire but Mr. McCall has kept his Ofllos un-,M un-,M til nou |
