Show 19 MAD M M AG IN I 1 MUTUAL LIFE 1 URAI bill or accused of clerc coercing i ng employed Emp loyes of the co company mcany to st si apart the administration ticket threatening to discharge them in case they failed to comply I 1 fran efort ky oct mr 16 charles A peabody president of the mutual life insurance company of new york appeared here today before insurance commissioner 11 it H pruitt to answer charges which were read to him by tho the commissioners the charges covered attempts to chorce intimidate and othor otherwise wise influence agents of the company into soliciting votes tor for the ticket known as the administration ticket compelling several employed emp loyes of the company to electioneer and secure vote for that ticket threatening employed emp loyes of the company with discharge unless they loyally supported tho the administration ticket the charges of 1 several of 0 the mana managing ging agents of the ole company because they or some kinsmen of their have accepted a nomination on oil a ticket other than the administration ticket or because they would not support and solicit votes for that ticket anti and that you yot have laten lately dismissed colonel biscoe hindman late managing agent of the company in kentucky because he accepted a nomination for trustee on oil a ticket other th than n adi administration ninis arid and bebau because be h he e refu refused ed loyally to support the candidates on the administration ticket to these charges charge mr peabody Pei body entered a dental denial and when it cumo came to explaining the dismissal of colonel hindman indman II he said aid he could not have dismissed him for being on oil the trustee ticket but hindman had bad told him that he would not accept the nomination sir mr peabody stated that G colonel 01 onel hindman had openly and avowedly attacked the integrity of the maw management age and that lits his position was not not consistent with a s proper performance of ills his duties as an ail insurance manager age it was for this reason that colonel hindman was dismissed mr peabody then read a prepared statement in ili part as follows stating the position os tion of the company I 1 the bylaws by laws of the company provide that with the exception of the president and vice president no officer of 0 the company shall he be members of the board of trustees to comply with this bylaw by law in the few instances where managers or agents of the company have an ced the intention of accepting nominations for office as trustee this committee has fh felt impelled to terminate the contracts under which such manager managers sand fand agents have been in the companas comp anys service 11 no action has been taken by the c commission om mission which can properly be characterized as coercing any em ien aloye into voting or soliciting votes otherwise than as hi ahli 3 own free will dictates the law compels the trustees to nominate a ticket described as administration ticket however no money of tho the corporation po ration can bo be properly used in elec tio and this company has not and will not authorize any such usi use it Is the duty of all employed emp loyes of the company to explain to the policy holders their rights under the law and it is the duty of all such em aloyes to abstain from exercising any kind ind of coercion and from submitting to any coercion at ther the close of the statement and after some further questioning of mr peabody as to details commissioner pruitt stated that a decision in ili the matter may not be announced for several days mr peabodys ys willingness to appear althou although gli the power of the commission to compel him to attend was in doubt created a favorable impression under a recent kentucky statute the power of the insurance commissioner r to to oust any company from the st state ate is absolute the investigation at times tool took z a wide and once mr peabody protested this was when attorney brown n ask asted ed mr peabody who sent out the ballot from new york 1 with only one ticket on oil it mr peabody replied thattie that the comp company any did not and mr brown asked who did this brought out the protest and commissioner prewitt ruled that only tho the affairs of the company were being investigated vesti gated mr peabody then stated voluntarily that lie he himself had sent 0 out ailt the he ballots on ills his own perr personal oual ac count account mr peabody said further that he h wanted it understood that the company i not doing any campaigning aing nor have its agents been told that they would bo dismissed if they did not get votes tor for the administration ticket mr brown then asked the direct question whether or not the company would in the end bear the expense of running the administration ticket in the coming election dud and mr peabodys ys reply was if you are now fishing to find oui out that the company was paying the expense of the election you will find nothing the company is not paying and no one expects to be reimbursed but I 1 will answer your question as to my object in spending money in ili the election 1 regardless of i whether it is a proper question my object Is to secure the election of that ticket because of my interest in the company and because I 1 am a policyholder in replying to a question by commissioner prewitt I 1 mr peabody said he was spending money for the administration ticket because he be believed it to be for the best interests of nf the he policy policyholders holders since I 1 went with the company lie he continued 1 I w J k t I 1 I 1 g 4 1 1 fir al MAC ix t WN ter 1 it 0 1 e I 1 1 1 fr ai Vs I 1 11 w t 4 11 N av will 81 1104 ac 4 Z 11 it 14 I 1 t 60 I 1 G i 0 4 va ar NA hw im za M A pill JUVENILE bostonians at the grand Toni tonight glit k if I 1 have been much hounded bounded and a bused abused by persons and by tho the press I 1 am seeding a vindication in the electa election on of the administration ticket the law requires TOO me to put it in 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