Show H U P S Of 0 F INSURANCE COSI COS Geo D Eldredge of the tho Mu Mutual Mutual Mutual Reserve Life Tells Tolls of Them ACTIONS WERE BOUGHT OFF l Hint I It to Of Sw on York Dee Dec 5 Instances In n lIdl tile tho Mutual Life alt 3 aIt ro II nn tIn of I nl ou WOO In Vice President I U irgo U D I of UC that company I holduPs were to 10 tho the Hf lit l bY I Mr Fl today tOllay In olio ofle CUe case In II l 1 i IS Mr Nr 11 l II thu Ihl torn com piny Ild to John McDonald a lawyer who hUll had been b en ue Ih ti ni lu organizing the tho of 0 tl tk Mutual Life Insurance movement into itO ii n I i mi in PreSIdent Frederick A hUm BUrn th ch hum 4 that company with mismanage i int nt mini I l his hia removal rime Thu Hl tiia n r upon Mr Ir iid Ehi l i l mh a management as tu vice vico i re i t a 1 l was muto to 1111 for tor this tha lIt of ot a tt receiver for tot the tho com cent comI rII p t fly corg arR I 1 vIce Nice president of or orti ti li Mii uit Ufe il nr d before the life In t M ruI mi p e Investigating today II hI u nil that Morton H U Mou was wan gen sen genNil Nil irn manager ot of the agency department or of lIf in th Ufe IAfe e eIn In m 1897 1 rite ilm total commission L r u i to t Mr MOB MoK lo fI In tim ISIT 1ST i mo and In the time name year the nil uti III I sH H to him were ere Mr tIr II Kid Etti 1 II Mid thEm the company hat had voucher tor tr nil all Moss to It agents In riK to questions b h ty Mr ti h Hughes Mr Mv II i IK Ige all uttI that J H tJ i Hoffecker r nn an of the Mutual com comp p n ny fly ic Ir tl from flom that company In jv hy I s utter refined to make nn no non Baltimore agent nent 3 account n ut tit of ur u a 1 Y tn t s hal had ordered ord him hUn to make Mr Hughes read letters train from Mr 11 to re F A IM III tiit h Mr wrote that he ime would Id n nut not t audit u tie requested r that our ourI of common honesty differ BO co H I as at a and It that ho lie knew of ot BO 10 o many mi hu transactions by uy Mr Air that he Ito could no longer guy Y with the company compan Mr Ir 11 Hushes uRk uk k a IC If was then dismissed u Mr 11 said Haiti wu WIlS dl lh after he Ito demanded an in from 35 3 to a n week and ant said that ho knew kno HO 80 much it would ho bo safer Ilter tom for the thu company to tok k cp him Mr 11 Eldredge l said smil a brother or cousin cou ln of ot In Delaware or c tho time and that one ono M tt linn ild In Philadelphia and antt Hot Ilof Iloff f r ker In La New tY York Y rk were wen active In the of ot which tin rate to III against the man moan mm it of ot tho time Mutual Ut Insurance company and to secure tho the thoai ai ointment of ot a II receiver for tor the tho com corn cornI t l I n ny flY v vIt It was In the tho nature of ot extortion f iid ald Mr 1 r but bitt we had to con cou court rt tiem lor the expense and tho the Interests of or orth th tb Wu Wo Vu chose the tho lesser of the tho two oie rl tho Iha charges In effect that Pre Ire II at had hitch been beon guilty of ot mis in ml amid should be ho removed V u U d l Mr Hughes There Thero MH vu a Il threat of 0 n II receiver ud iLI Mr M r redge your jour our also I r BO No BOMi O Mi it 11 time the PS ON jt r were vero directed against l i t on account of time the large laigo mix inces to 10 Motion Morton H II I Moa the man manAc Ac Ir r of agent Mr Ir said the tho Mutual patti paid 1 to ul 1111 I to tho time Mr Mm I l that at tho time end of 0 lva 13 the Mutual lle cro Life Ite MHO ttO 1 company held Mr h Moss liable for or J WO mOt l advanced J by the time company di II IIi I i ly to tin the gents mind and that thit tho the corn com r m ny Will Was reimbursed In till full for that liy hy making over ovar to the time company In lS S th III duo to 10 him hUm on bual huNi i L j H t ho hI had done lIone In lit 1837 lS 7 Mr Moss Mossi o I i r ived for tor himself over commissions J h In 1897 time tho SUm BUIU of ot Mr tr 1 IRP said saidI 11 I l S time tho company concluded r c t I t U ni lut mind and made n a I new one with M 1 J by iy b tl ll I h U It paid mid him an un over t inn of 10 p per r cent above n II tL lons Ire he had hail to pity pay to his Iris hisH H nod ow renewal commissions as CIS bu be buT bui o i T A it bookkeeper of ot the theM M He tom corn comI cornI I PI i was put mit on tire tho gland mind nud II fl 1 it h l at nt the end of o 18 S Mr rr Moss Mosli MOSHi i t il 1 tho time company SOO anti was then i 11 with Mr 1 hughes IRk ask askI i in It ny lUe to ascertain whore where M 11 t cattle came from Iron anti witness said Mid it ml IUS tJ S cash dun on commissions limit Hut ButIS 1 is 9 In the nature of nn on estimate e Mr H ft hel Mr tr Hyland 11 w wint nt over the tho accounts with doss s In 0 mith 1 h detail 3 said maid that In the spring of or orI o 1 I I 3 charges hurgoN were made mallo to time the New Nework ork Olt Insurance department based ou en contracts with Mr III Moss Mois anti tho the nc tic nelion lion llon ot or J J S the auditor who nho resigned tOt for the lm In ur alice IILO department examined the com coot company pany on tho thu charges DM OM you rou tiny any 1111 changes challes In lit time the chief examiners report nuked Mr Hughes There were certain changes made mallo In Inthe Inthe intire the tire report but hul trot not before the exam examiner e am iner liter mado his Iris report to the Insurance superintendent the witness After a 11 hearing Sir Mr rr uld nId the of Insurance F layn eliminated from report a n statement that tho the surplus of or tho time Mutual Rescue company did dIll not Include n o lease leosa ot of Its homo home building In this city elt valued at nt about The Tho company ef ct tc mis before the time Insurance dent he hl added were lero to t that statement out Mr m It said Hald that pools rort also did trot not Include amont the tire assets of 0 time the company compan 20 OV 0 orJO It laid hud on with the tire nt of or Insurance To lo such sucha a mm It deposit was ug a Cl custom of ot the assess assessment meat ment In III part pait for tor lt itt lilt adver tl tiring if t witness said was no legal 1 for It 11 Mr r Hughes asked Mr Ir Eldredge If It oily moneys mon ys were paid by h his company In 18 to any airy erne ome connected with time the New York state stalo insurance department except tho the or which was 38 the cost of or time the examination then made mallo lime Tho witness said Mid there were no tie payments to In the th department but that James D I Well Welts formerly dec Ire president pl president sl dent tent of ot the tire Mutual Reserve Regent He Life Lire In Insurance company tny had In a II Canadian Investigation Ine of the company that Frederick A of or the company hail had hn said ho lie hud had to raise mlle to pay to tire the New ew York state Insurance department Witness said ho hc was tami certain theme them was wils no truth troUt In that statement lIt anti that no tie mooney money was wall mas ever oer paid by tho time for tor that that nothing was In Itt time tho ro 1 port of or the tire department In IS S that the tine company would Imo have paid 1011 for tOI nor lilli did he Ito know knoll of army any omission moor it 11 h II 11 witness timid fuld hail never told him hint that thai he ire hud had been hell held Up lip by hy the New cw York insurance de tie department or paid arty any money In Iii such Ii a fashion Where Shere we have hae been held hd l up by IJ the Insurance departments wo Wi lu paid huh III tin tin money muney directly saul said Mr r Mr Mi II l I e suld sui the Mutual He Ito serve frI Life Insurance company was help up by b the luau Iowa Insurance de lie department In itt USO llO when Max nn air examiner for fop that d came eime cameto to Ii New ew York with iris his torn semi to 10 make mau an nn examination of ot the time Mutual company After he made mude a Cl weeks ox IX K tumid uld Beehler put iut In Ina Inn ina a n bill to tho tIre company of ot 18 it The rite tom cum company pany harry infused to pay It time the bill hili arid ami with diew front from Iowa Later In the sutie Mille year when tho the company compan wanted lilted to do 10 business In la Iowa tire the company riot not only Patti paid tire the bill hut but another hill bill of or by the same examiner for or another exam examination 1011 Mr Ir ldredge 1 said there was an tin In Incident eldont of 0 a L similar nature In III Missouri In 1891 18 3 J 11 H Childers and anti H It J 1 Orear examines for tor Missouri unit lr t examined tho tire Mutual Reserve company in 18 8 Inti then tire tho of or Insurance In I T r I raised rolled the question IllIe whether the time company had any right to do 10 business In iii that stole un 1111 under dir der the tho Missouri assessment ns law lu Mr Ir Irr r went to Missouri anti and tiN 11 attorney Mr Ir lardy counsel for tor a u railroad to bring mandamus mus proceed proceedings ings lugs to cl the time Issuance ut or a a It II conso consa to the company Mr rr heard that we wo Here nere IH re In iii consultation cun with Mr Ir suld Mr r and notified un Uil that ho Ito could tUitI trot not tile tho license Witness then went to 10 City CIL and mud saw eats I I I Mi Mr I who told hurt him he lie had referred the onse cese to tint till attorney a lorn y The Ih witness U then went to 10 see lee seethe leethe seethe the attorney genral I loW had been beating back hack arid ami forth front from the tit to tho thu once unco department until I condoled concluded that thai there was no imo Intention of 0 dealing with sith the tire subject said Mr arid and aridI I 1 finally made up 1111 my Illy mind to bays Icae Jefferson on City An Air of time tho de department II there told me that taut in the per pcr bon bolt of or Mr Ir Clardy wo vu were ere employing a It t moan man who siro was WIlK tiN bitterly bItter hostIle to the Hie unit and the Iho oft en of 0 Insurance mind and suggested the Ihl name of 0 a II man mun who If emulated would bo he bl able ablo to 10 secure the license I 1 declined to employ tho the man miran and an l rame mille back to Now New York but bitt after uCler consider consideration atlon tho the attorney was tyas employed 1 and he ire procured our license In shout three days clas Mr r presented pre tho the bill of 0 this attorney which coiled called for or the pay payment payment ment of 0 for tor legal 1 to U W UH S H II Time The company pith the tile bill hill We Ve now not made a lean clean breast brea t of every time lime we wo were vere hUl hlll UI up said Mr Ir Tire Tho ho witness stated that Illat no tin money had been paid by his directly or Indirectly to 10 the Insurance department of ot Now New York stale Ho lie said It had Pail paid to Tracy Trac Platt Iatt attorneys for or n e eIn In connection with the time legislation nee U w the of 0 the company In 1500 1000 Tire The adjourned until tomor tomorrow row |