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NEW YORK LIFE INSURANCE COMPANY C Testimony of Treasurer Tr Randolph Before Legislative Committee Profits Fo F FP r Policy Jolders of More Than From tocks Stocks Sold and Syndicate Subscriptions Subscription Special Dispatch to The me Herald Nsw New York Sept U Treasurer Edmund Edmunt B n Randolph has concluded his testimony before the legislative investigating com corn committee committee It appears app that the New York Life Lite has baa been n in about eighty syndicate Operations and that the profit for policy I holders bolder realized Is hi The company hu ha not invested nor loaned upon stocks of any nn kind since inc 1896 iS It t realized d ft fL 1 profit from its st o holding ef ot 4 Treasurer Randolph testified that be had no syndicate s relations himself of a personal pomonal character and that his lite hil selo compensation was his salary The stocks sold by the company compan since inc 1901 were those received as ns profits from syndicate oper opet operations operations and ant were immediately sold In con conformity conformity with the bylaws |