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Show M-BAN Y'MVYER ON : ' STAND IN INQUIRY INTO INSURANCE COMPANIES NEW YORK. Nov. 10. William Barnes, Sr.. of Albany, was the first witness before the insurance investigating investi-gating 'committee when the sessions were resumed today. Mr. Barnes appeared ap-peared before the committee at his own request. He testified that he was a ( lawyer and was superintendent of insurance in-surance from January 1.' 1860, to January Janu-ary 1, 1870. He Identified the vouchers dated July 1, 1901, July 12. 1902. July 18. 1903. and July 1. 1904. each for the sum of $u66.66, for retainers and legal services ser-vices rendered. The vouchers were for opinions 'to the New York Life. Equitable Life Aw- eurance society and Mutual Life Insurance In-surance company, associated In several "measures of legislation. Opinions for Equitable. For the Equitable he had written reveral opinions for the president and vice-president recommending the mu-tuallzing mu-tuallzing of that company as provided in the original charter. The sum of each voucher from the Equitable was a third o? the entire sum witness received re-ceived for the services to the three companies. Vouchers of the Mutual Life dated June 29. 1901. June 30, 1902. and July 1. 1104. each for $666.68. were shown. Thoy ; represented the Mutual Life Insur;-company's Insur;-company's share in the payment of . Barne3' services. Paid for His Argument Mr. Barnes said he received J1000 from ths Mutual Life for special services ser-vices September 1. 1905. This was for oral argument before a Senate committee commit-tee protesting against the reieal of section sec-tion 56 of the insurance laws. Witness said he represented the three companies. com-panies. "Were you paid by the New York Life and the Equitable?" asked Mr. Hughes, counsel tor the committee. Still One-Man Power. n "The Equitable did not pay anything." any-thing." replied Mr. Barnes. "The Equitable had too much trouble themselves them-selves to take care of their own matters mat-ters and were too much Irritated by the opinion that I had given them, that the officers of that company should mu-tualize mu-tualize themselves, because the stockholders stock-holders wanted to pocket the whole power In that company, which they hold to this day. That company is a one-man power today. Just as much as it ever was, except for the change of the name of the man from James Ha-ren Ha-ren Hyde to Thomas F. Ryan that is the only change made, and the policyholder policy-holder have no controlling power in it." |