Accidents, Emergencies and Illnesses: A Manual for Reference (Classic Reprint)
(Excerpt from Accidents, Emergencies and Illnesses: A Manu...)
Excerpt from Accidents, Emergencies and Illnesses: A Manual for Reference
This book has been prepared and published in the hope that it will be of service in alleviating suffering and saving life by the timely application of the advice and instruction contained in its pages. In some respects it is a revised edition of two pamphlets form erly published by the mutual life insurance com pany OF new york, entitled Plain Directions for Accidents, Emergencies and Poisons and Plain Directions for the Care of the Sick. These little volumes were printed originally in 1875, and several large editions have since been gratuitously distributed. It has been deem ed advisable to re-write them and em body in the new production such additional changes in the matter as the advance in medical science dur ing the past twenty-five years rendered necessary in order to make the teachings of the book conform to present practices. The book has been written and revised by competent physicians for gratuitous dis tribution and is intended to indicate what should be done in cases of ordinary accidents and illnesses prior to the coming Of the skilled assistance to be fur nished by the trained nurse and the medical adviser. If what is hereinafter written shall in any way tend to prevent unnecessary suffering or contribute to save the life and activity of some member of the commu nity, the company will feel amply rewarded for the trouble and expense involved in the preparation and.
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Richard Aldrich McCurdy was an American attorney, business executive and banker.
Background
Richard Aldrich McCurdy was born in New York City, and was the son of Robert H. and Gertrude Mercer (Lee) McCurdy. His father, a leading drygoods importer in his day, was descended from John McCurdy who emigrated from County Antrim, Ireland, in 1745 and became a merchant in New York City. The son grew up in New York, enjoying many advantages.
Education
At twenty-one he was graduated from Harvard Law School and at once entered practice in his native city.
Career
Such interest in his profession as he may have had at first seems to have yielded to the demands of a business career. His father was director of the Mutual Life Insurance Company and in 1860 Richard was appointed counsel for the organization. After serving five years in that capacity he was asked to fill a vacancy in the office of vice-president. Thereafter administrative matters absorbed his energies and he never returned to law practice. From the time he was thirty until he was seventy his activities were completely centered in the affairs of the insurance company. In the first half of this period his rôle, so far as the public knew, was subordinate; he was supposed to be acquiring a knowledge and grasp of details. After his election as president, in 1885, he gradually emerged as a dominant, even autocratic personality. His administration was marked by unparalleled gains in business and resources: huge reserve funds were credited to the company, and statisticians busied themselves with the computations of the Mutual Life's assets. Meanwhile, rumor-mongers were equally busy circulating reports that the policy-holders' money had been squandered by the executives. Finally came the investigation of the New York life-in-surance companies by the Armstrong committee of the state legislature in 1905-06, in the course of which Charles Evans Hughes as counsel elicited from testimony given by McCurdy himself, by his son John, and by other officers of the Mutual Life, many sensational facts for which no satisfactory explanation was forthcoming. It remained for a committee appointed by the company's trustees to verify the most damaging of the disclosures and to complete the "house-cleaning. " It was found that McCurdy, having taken office as president at a salary of $30, 000, had received repeated increases until by 1905 his yearly stipend was $150, 000, while a group of relatives also on the company's payroll brought the total, in salaries and commissions, annually paid out to the family, to more than $500, 000. Large contributions had been made to political campaign and legislative corruption funds, while policy dividends had decreased. The trustees concluded that McCurdy and officers intimately associated with him were in debt to the company in the sum of $8, 000, 000 and brought suit to recover that amount. McCurdy had at first offered to take a cut in salary to $75, 000 and then resigned. The suit was withdrawn, however, McCurdy paying $815, 000 as a refund $750, 000 in cash. He escaped criminal prosecution. During the years 1906-07 he lived in France but returned in 1908 to Morristown, N. J. , where in his years of large income he had built a house supposed to have cost $1, 000, 000. There he died in his eighty-second year.
Achievements
McCurdy served as the President of the Mutual Life Insurance Company from 1885 to 1906, when he retired in the wake of a corporate scandal.