| Show I MUTUAL ACCOUNTS WERt DOCTORED I McCurdy Gave Instructions to Have Profits Transferred Profs To Debit Side EXAMINER KNEW IT WAS FALSE New Nc York orb Stat tt C I bet I II Admitted Mils nil or fn Time he Stand New York Due DI 21 Additional testimony mony molty as 1 to the thc management of ot the tho Mutual Life lACe Insurance company cOlpany was II adduced today toda by witnesses e tho tue legislative committee on or 01 Insurance In urane In ventilation tending to show short that the company rolt from the tho sale ale of oC to conceal the reduction of oC book values abue of oC real estate or bares as tie Charles H g I hughes Hughe counsel tot he ho com coin committee mt e culled called caled them Francis Hendricks superintendent of ot the state Inte Insurance department when on the stand yesterday said sall he h had never heard hoard of or such fluch u a I thing and that It had never been beer called to his hil attention Today oda otter after affidavit of ot the Mutual Life Ilfe had testified t to this effect Isaac chief examiner of oC the tho de department Il department declared that he ire hall hail not discovered time the matter In his examina lion of or the company last lost year when In his hiI report he ho save rave the company what tilts u to 1 certificate of oC good god character He sold these manipulations of ot the figures were not apparent In tn the tho books Th u transfers of ot profits to the debit side Ilde of oC the and loss IoU account were Werl made mlle by b the auditors upon Instruction of President Prell ent McCurdy and Vice Ice Ireal dent anti ant the written Instructions Instructions tons were produced They named I a tho the figures that adjusted the accounts ant and last year while there was really real a aI aF I F profit of ot almost t a million milon und rind a half dollar when these transfers transfer were made no whatever I was iran wa shown Mr I I c e had examined ed eel the tIre report of ot 1901 ItOl Ich showed no 1101 tl from tho the sale of ot securities Al AI n though ho he knew k I this th was vaa untrue I c he e I 1 1 dIll did not hot nt so no O report It I because he did II iI not nt think It was necessary The h same sit situation un according to 10 Mr 11 existed lon In tho Cite New ew York Life Ilfe although the practise was not general onil when naked n kd what he did l In in the tire matter he i mid Nothing I Mr Ir fald he hc examined the Hanover bank account of oC the he New Nets York Life Ilfe In 1901 IMI did dIt not riot the WO 00 I I 00 that was IH mid tat to 10 Andrew Hamilton Hamiton I Mr Ir never Mel know knew kio of oC th the yearend loin icunA o of the Metropolitan Life to Co a 0 and amid never Ier I I knew lel how the tire company handled Its I I collateral loans lonny He lIe sold said al he never 1111 In Inan Inan an un examination of n U company went bock on the ledgers Henry D I I Appleton ton second deputy dt uty In Inthe the tho Ih department was W on th the stand tand n a lar n part of oC the tIme afternoon He lie 1111 f o 10 to 0 his duties dule amid 1111 that hail had ben be ml vim 1 by bythe lJ bythe the tM department to contIl nse assessment companies ales Mr r Mild mid th thi t no more moore at nt attention li lit I paid paki to the time of or a n aNew ne aNew New e York company than t I Is pall to the th statement of n a Incorporated In ill any Iny other state He Ito Il said no nt Inspection I lit b mud made of lt a 1 report unless an nn elimination Is U made The he committee adjourned over oter Christ Christmas mas ms mil will trill wi ri Itsume sumo lt II Itt Investigations nest n t Wednesday r lol then will trill wi he hi ld up lii lP to io ind ld Including Saturday which will sill be the lost last day 11 of o the com corn Investigation |
