The once-revered Mutual Life Insurance Company is now mired in a web of scandal, with its very existence threatened by the allegations of Calvin Tomkins. The insurance giant has seen its charter revoked in at least three states, and it seems that President Peabody is scrambling to contain the damage. Tomkins, a vocal critic of the company, has accused Mutual Life of electioneering buses and coercing its agents. The company’s President, Peabody, has promised to take Tomkins’ proposal for an arbitration committee to the proper authorities, but it remains to be seen whether this will be enough to salvage the company’s reputation.
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Key Facts
- State: National
- Category: Fraud & Financial Crimes
- Era: Historical
- Source: Library of Congress — Chronicling America ↗
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