Show J JR Pi P MORGAN AND COMPANY PAID HAMILTON Brings Out r Shaka S T Transaction S 5 5 5 George W s of the New York life Shown to No Account of Which Appears Upon f t the Company s Books YORK Nov o de deI NeWYORK I v were rere brought out at session slon of the Armstrong committee on insurance in the cour course e ot of a minute inquiry by Mr Hughes Hugh counsel to the committee into the syndicate J participated Dated in by the Insurance ance ance company The Phe most Important witness ot of the da was Milton ut M Mad Madison Madison ison a bookkeeper of the New York Life Insurance company compan during whose examination It was brought out in the case Of the United States Steer Steel cor syndicate the managers ot of which shIchi were J P Morgan Co there appeared in one instance a profit due duet t to the New York Life of from which was deducted no reason being given the sum of paid to Andrew An Andrew drew Hamilton who has been tie de described scribed in the course of the investigation tion as the insurance legislature gen S SAs As Per Arrangement It appeared from rec produced by Mr Hughes that an account or of J p Morgan organ Co with Hamilton showed that in December 1901 that firm had advanced to Hamilton th the sum of that on Oct 1 1902 this amounted with Interest to and that it was then cancelled by the entry of that amount to Hamiltons credit The entry of this amount In the ac account account count of the New York Life read HAs As HAsper Asper per cancelled statement and arrange arrangement meat ment with Mr G W T Perkins It wa ivan also alao developed that the partIcipation tion In the syndicate of the New York Life was effected through the New NewYork NewYork York Trust company by which or of the profits of the former company were retained Perkins Got Pressed by Mr Hughes to tell teU et ar he knew of any other Instance of money due to the New York Life Lite be beIng lug Ing paid to a third party as In the Hamjlton case Mr Madison recalled the payment In 1904 1901 of to I George W Perkins representing the profit on a loaf ioa of to the Boston firm or of Kidder Peabody Co The profit witness said came in the form ot of a a check on the First NatIonal b baui which he cashed giving the money to Mr Ferkin What the latter did with It the wit nest No o ent af f Ute the transaction was made tin do the boo boothe the New York Life Other day were George Georg T vice president ot of the Fran cis W Yo Jackson and UeL 1 Brown iu In charge of the bond d dment ment ot of the Eq EquItable An Equitable Gerald R H Brown or of the Life Lite Assurance society ts the I Ant witness cal Kl by this tho hives committee today Mr Brown to questions said that the King model lioness in Ono One Hundred an and street York were taken by the so society under r a sold old to DH King ICing Jr and that the Equitable siele Ie ty supplied for tor l land and improvements Me Meantime tI so society clety hold held a mort p on Ute hoies and when Mr r JQ I Ithem them back baek to the societY Mr Brown Bron said Mid he supposed KIn was ivan there to make a profit jn is letting the contracts The Tho put up all the theand and King took all the profits aed Mi r Hughes Yes IC you want to put it that said Mr Brown What were responsIble far tor this transaction 1 S The rile executive committee 1 r Brown vho added that Henry B aIe lund had the matter In charge Wants to Explain The committee adjourned until day morning S George W Perkins or of the ot oC J 3 Jp p Morgan Co tonight gave out t following statement iii lI relation to tI the e testimony brou brought ht out In tile the laser mur murance auice ance Investigation today The transactions referred to before the investigating committee today ay were vere proper I ones If the course or of the inquiry does not iMIe e ethis this cleat clear I am sure the give me an opportunity to over P thor ther testimony In the matter |