Show I DENIES HAVING RECEIVED OF 4 Frederick H Cromwell Accuses McCurdy of False Falsehood Falsehood hood When on the Stand a Insurance Investigation Discloses Odds and Ends of Rascality Jer me Gets Copy of All the Evidence for the Use of Jury n February t I M YORK D c F NEWt I and J Ryder dady Cady who was em empl empl pl at times as aa counsel by Mr wh while e the latter was state super superintendent superIntendent ot Insurance were the wit witnesses nesses today before the insurance in investigation and who furnished practically call cally all of the i interesting testimony notwithstanding the tact fact that more witnesses were examined than on any other day since nce the Investigation began Mr was called to complete ills his testimony interrupted by adjournment yesterday and In replY to one of the first questions asked him emphatically J ly denied the report that he had re received J from the Mutual Reserve t Life Insurance companY and had al allowed a lowed that company to its own report ot of an investigation Which Mr had caused to be made In 1899 Mr characterized the report as absolutely false in every particular and said It grow grew out of a fight between James D Wells former vice president I ot of the Mutual Reserve and Burnham of the same company Refused Then Granted Judge Cady J brought ro into the In Investigation b by reason of his having ap appeared appeared before Mr in the interests or insurance companies seek seeking seekIng ing admission to the UnIted States tates This application n was deJ led by Mr but two years later was granted McC McCurdy Q C the Mutual Life Lite Insurance COr 1 any had asked asted that thIs permission be held up until he could see soo Mr Payne This request was refused but Mr had Judge Cady call upon Mr McCurdy Mr Hughes asked if Mr McCurdy said sald th the Mutual Life would pay any money tor fo a contrary decision Judge Cad he did but that Mr Mi Mc urd ott red him hm a retainer in behalf ot of th the Lite which he be refused NeW York Life Affairs The Ne New orI p fUe eft ti t u was inquired d ion Robert Hunter Hinter d deputy was Mr Hunter could aM ing as th t of th Insurance nce d dy to what already had been supplied It was brought out that through hIs ls influence he had had a medical examiner ot of tb the Life Assurance society In dis Accumulative evidence on the allot allotment allotment ment of the 1000 1 shares ot of stock of the Lawyers Mortgage Insurance corn com company pany while held for tor the Mutual Life Lite paX acered ted to members b bf the tho Jc bo bard rd was taken in the examInatIons ot of Ad Adrian Adnan nan rian Iselin and G Go G flaven FIa ven of the nuance finance committee and of Frederick H the present acting president of the Mutual Life Lite Henry of the Lawyers Mortgage Insurance company told how Mr McCurdy had become Indignant be because because cause he had not been allotted shares in the Lawyers Title Insurance Trust company and to appease him a block ot of Lawyers Mortgage Insurance company stock was offered him but he het t not take it and further gave Mr t to understand that no ap Li I for tor loans front either corn com company r pany would receive consideration from the Mutual Lire Life Cromwell la Is Headsman When Mr Cromwell was on the stand he was asked that hat consideration he had given to economies ec In the Mutual Life Insurance company He said sald he could not giVe e exact act figures for the rec record record ord but that there would he be a saving of perhaps B a million and a half next year He added that the most uh un unpleasant pleasant duty he had had to perform was that of being headsman 1 dis discharging charging during the J last st few weeks Late In the day the United States Life Lite Insurance compan s affairs were taken up by Mr Hughes The pros dent of the comPAnY John P Munn was called to the stand He submit submitted submitted ted a number ot of statements ot of syn syndicate syndicate which were read for tor the record also statements of the cost ot of Insurance to his company He will resume tomorrow District Attorney Jerome today re Elved a copy of all the evidence thus tar far submitted to the insurance investigating committee There are numer numerous numerous ous volumes Acting D Attorney Nott said today that special grand jury would probably b t in February to co th testimony McCURDY One Interesting ting Fact Brought Out q j During the Day New York Dec F F the former state comtois abner testified before re the ln Investigating committe toda today that the thc charge harge male maJIe by D Wells former tl e Mutual L Reserve Li t company that had p n DAld DaId tD O Mr by bythe b the Mutual Reserve Resene for allowing the thc company to write Its oWn report of at an investigation by the Insurance depart department department ment was absolutely false in every particular He said it rev out o of th I tIght light t Mr d tt Burnham Mr Ir Who was on the th stand when the tle committee I yesterday as t 11 si today The ot tilO Mutual Re Reserve serve by the state insUrance rance depart ment in 1899 was then taken up Mr said ot of the charges made by officers cers andem and y es that Ol le It Ina made de 91 ap P his hh 3 mind thu thai 1 11 i A Av Burnham br Pi f J v said was worthy of at consid consideration Hunters Investigation Robert H Hunter the deputy super superintendent superIntendent in charge of the New York office of the insurance department who next testified saId he made an inquiry Into the charges against the officers of the Mutual Reserve LIfe Insurance company In 1899 He was unable to say why they were not d upon He never acted on his own on initiative he said He did nothing without orders Mr Hughes rea a letter from the Equitable Life Assurance society to Dr H R Powell of Poughkeepsie N NY NY Y dismIssing him from its service as asa asa a medical examiner because he was wasat wasat at war with the insurance de depart department art ment Mr Hunter said that he had se secured the appointment of Dr Powell with the Equitable society Hunter Had Influence Mr Hughes Hugh s brought out that When Dr Powell was dismissed the relations between Hunter and him were strained because of a factional political fight in Poughkeepsie in 1903 when Dr Powell was desirous or of being elected mayor Poughkeepsie is also Mr Hunters home Mr Hunter said saidI I went to the Equitable Life in my personal capacity and asked them if they wanted a man like Uke Powell work them and he was dIsmissed Asked how the Equitable LIfe dIf dIfferentiated his personal frOm his official cial capacity Mr Hunter said he did di i inot not know Surprise to Haven Geoge G a Haven a trustee mem ber of the finance committee of the Life Insurance company next testified He said he received som a athe the of the Lawyers Insurance nce company which were sup posed to have sold to th the Mutual Life Insurance company compan He did not know that he was a member of the subcommittee of the finance commit tee to fix salaries until it was brought out in this Investigation A D Jun Juil lard and George F Baker r were the theother theother other members Mr Haven said he thought President McCurdy appointed the committee to t fix salaries and he had that power Dower under the bylaws The committee fixed the of the president and all ot of the officers and no report was made to any committee or to the board Itself Witness said that he and Mr Juillard distributed the shares of the Lawyers Mortgage company among the members of the finance commIttee of the Mutual Life Lite Insurance company but he did not know this stock had been offered to President McCurdy for the Mutual This offer he said was never brought to the attention of the finance commit tee McCurdy Was Offended Henry a director of the Lawyers Mortgage company related the manner in which the stock of that company was distributed among the Mutual Life Insurance financial committee He said that A D Juillard had told him that dent McCurdy was offended because the Mutual LIfe was not allotted any of the stock of the Lawyers Lawers TItle In Insurance Insurance Trust company So when the tho stock of the Lawyers Mortgage company was increased later Mr Mor offered Mr McCurdy a thou thousand thousand sand shares but Mr Juillard told the witness that Mr McCurdy would not take it for the Mutual Life Insurance company since it did not get any of the Lawyers Title stock Mr JullIard Juillard therefore took it himself Frederic H Cromwell acting dent of the Mutual Life Insurance com company company pany who said he got of the 1000 shares that Mr Juillard dIstributed was called He said he knew nothing of the stock bein being offered to Mr Mc Curd Curdy but that Mr Haven brought it to his attention Mr Cromwell said False Testimony rm Im very sorry to have to testify against Mr McCurdy but he never did bring it to the attention of the finance committee Mr Cromwell was asked if he had given glyen any consideration to methods ot of economy In the Mutual Life Insurance and he replied that he made un figures but he did not want to submit them for evidence because he had riot expected to be questioned an that subject Many economies he said will be made Jan 1 He said the cost of the supply depart department ment and literary depart departments departments ments will be reduced by the salarIes will be e reduced about and he thought about could be saved next year In inthe the of the company Mr Cromwell said a great many men have been d from the company and about the most unpleasant thing I ever had to do was to be the headsman the past few weeks The affairs of the United States Life company were gone into vl n John P Munn president of the companY was called to the stand Mt Itt Munn s saId id the capital of his company was upon which dividends of 7 per cent are ad annually Approached by Hamilton Mr Munn said his company had re receIved in rebates on taxes In 1891 through the court ot of appeals decision in the suit of the Provident Savings society and d the United d j states Life had been approached by Andrew Hamilton who said he wanted to represent the United States in matter so as to prevent any conflict of at claims ot of companies for rebates Mr Munn said his company paid no retain I Ier or er to HamIlton A statement of the cost to the corn com nany of new business showed fi p many cases it ran over per cent and andin andin in some as high as per cent Mr Munn said It was due to the sharp competition of the larve larae companies Mr Munn will be examined further to tomorrow tomorrow morrow as his examination had not been neen concluded when adjournment was taken to |