Deseret Evening News | 1905-12-21 | Page 11 | Life Insurance Investigation Hearing

I LIFE INSURANCE INVESTIGATION HEARING New York Dee Dec Life company tho Life Insurance company ammil time Hunk Hunkers ers ens Life Insurance company tim the attention of the Insurance ance investigating committee today Joint John president of time tho Wash Washington ington Life his te which was begun yesterday Mr declared that perform he tie favored a distribution of earning every over live five years Time Tim witness took occasion to say that lint F Hover Bold oiti the Washington Life any hum securities and that he never Influenced or suggested to Ii the finance board what securities to tim buy Mr i saId he thought Insurance companies would be run by men In lit touch with Wall Wallstreet itil I street because of their knowledge of time the security market Ho lIe alto also favored time Idea of Insurance companies In iii securities Cornelius Doremus president of tIme the Life mild bitt I about a one nub third of his lilo company business was ivus done doni In Europe principally In Itt lei iou many und timId that this thin business In miny respects Is better tItan than any noy done In lit America Ho lie declared It to Ct bo tc worn atone stable there being fewer lapses m 13 cost Is n it grout great deal tests less than In lii America medical direction Is al nl also so El better In itt ho said Haiti Ho Ito characterized tho tue American ways of doing business an as wild method The only contribution of a live tive character paid itaW by this company were to a fund having for Its ob object hue defeat of time the tax law and un 1250 to further time the passage of tIme the lien bill In lit Albeit Albany In 1901 No campaign contributions hud had boon been made madeK K Fl I who collected the lie fund funil to defeat time the mortgage tax law said saidon on aim the stand today that ho lie secured u mm fund of for this lulls purpose The examination of time the Hunkers Life will willbe willbe be resumed tomorrow