Show equitably mutual and new york life com amed to influence laws makes sensational statement ew york sept 29 when the legislative isla tive committee on insurance investigation vesti gation adjourned today until next wednesday it concluded a week in which greater progress had been made than in any week since the investigation vesti gation was begun the testimony of witnesses that have been called during the week has been with sensation and that ot today was no exception to the rule it was during the afternoon session today when alfred W maine an associate auditor of ane equitable life assurance society wag called to the stand that it was disclosed that the equitable life the mutual life and the new life companies had formed a pool to look after legislation in the various state legislatures andrew hamilton to whom president mccall of the new york lifo paid several checks the purpose of which the counsel of the committee mr hughea has not yet brought to was ono of tho chief members of the legal staff of these companies and received money or services from the equitable mr maine told of the division of the country to be looked after by mr hamilton in conjunction with B L short and E M witness presented vouchers for money and paid by his company to mr hamilton these showed that in coghi years from 1895 to 1903 the sum ot was paid to mr hamilton for legal services cervices vices mr maine did not give any details of the duties performed by mr hamilton 1 nopo tithe committees fae appeared be beyond the fact that mr hamilton looker after legislative matters for all tho companies in the states eaf of ohio witness told of an agreement whereby especial counsel was employed oy one company in its territory and the expense was shared by all he was asked it campaign contributions came under his observation and he replied that aney did not he never beard of money being paid to influence legislators he was excused but nill be called again to submit transcripts 0 accounts giving information which fae was unable to supply he was followed jn the afternoon session by edward J devlin the real estate manager of the kew york life for tho united states and canada sir devlin waa called to testify as to the cost of the buildings la pars he had only the transcripts of the reports this department part ment made to the home office but it was brought out that the paris budding was carried on the books 0 S the company at a valuation of 1102 on which accounts with the original costs and improvements on the buildings actual money to amount of was paid one million belne charged olt th valuation on the books bethe company mr devlin said the ne income on the building io the new tta k ute was 1 12 1 2 per cent on the actual amount invested in the building or between 3 and 3 12 1 2 per cent on the amount at which the building was carried on the books of the company mr devlin was on the stand when adjournment journ ment was taken but he will be called again to submit transcripts fit the records to supply further information not the least important development of the day was the appearance on the stand of jacob H head of he banking firm of hubn loeb co mr was the first witness of the day and be remained on the stand until 2 mr bad been waiting in the committees session chamber for a day and a half being under subpoena and when tho usual time for recess arrived mr desired to proceed as he had an engagement for the afternoon mr hughes explained the situation to the committee and it was agreed to continue until mr had concluded hla testimony most of the time mr reclined leisurely in the chair on the witness stand but as one point after another waa brought out lie grew excited and vigorously defended his attitude while a director of the equitable and claimed his firm had acted in a conscientious manner in all its dealings with the society at the conclusion of his testimony and before the committee could adjourn mr asked to be allowed to make a statement he was permitted and ho stepped forward on the platform and made an impassioned attack on tha state superintendent of insurance and the statements he had made concerning kuhn loeb co during the investigation vesti gation of he mr emphasized his remarks with on the table arid frequently lio raised his voice was almost a shout during hla testimony too mr made tho charge that the minutes of the finance committee regarding a certain meeting were false he later qualified this however by saying if the transaction under consideration one in union pacific preferred waa actually made be did not h hear it though he was present at tho U meeting again during his testimony regard 1 ing the power of the finance committee of the equitable society mr waxed warm in his explanation find said that the entire committee was at the mercy of one man it was all hyde said mr all hyde and alexander mr hyde arote the messages regarding tuo of fermado fer made bv my firm for participation in he syndicates mr hyde signed all taci receipts mr hyde wrote all the cotters of the james H hydo and associates syndicate mr hotly accused mr hyrie of trying to shield he said the position of a director inthe in the equitable was that ot a negligible quantity and that the tm e 1 directors were mero he said further that be aad never asked any favors of the kiln table society 1 I have granted majia favors he said 1 I have not done as a director of the equitable any wrong of commission I 1 may have done of omission it Is ft case of hindsight and not one of foresight hut my conscience frees me of my gohd I 1 have been as good a director as I 1 know how 0 o be and I 1 did my duty the adjourned until next wednesday morning |