| Show I INSURANCE 1 Ct CO COST Ii f H HAD O REPTILE fU FUND O OThe t The Equitable the Mutual and the New Y York orl tHc Life a legislative tit I c AFTER LEGISLATION In Various dOlts States There Win u a Lobby hobby Judge lIdl Hamilton Was Ss McColl Chief Agent e York Tork 8 pt 29 2 When en th the Lime taU committee on Insurance Inver tl adjourned d today until ne next t Wednesday It concluded a II w week uk k In which greater profit I had bun been made that than In any wiy II w week k since the Investigation Lion Ion WM wan b ID The testimony of nt n that have been bean called during th the week ba has hae been replete with sensa i nn said lad that today wa was no no exception to tc the rule It WM wu during durin the afternoon Ion today when Alfred W Maine an ao plate otaie auditor of ot the Equitable Life Lit As AI ranee wail waa called to the that It It Il wan wae disclosed that the Life It the Ihl Mutual Life LUe and th the tho New Cork Tork Life We companies had formed a D pool t to look attar alter legislation In the tau Andrew Hamilton to whom President M MCall Call of if the New NewYork York Tork Life checks the lne purpose pur purpose pose of which the Ihl counsel of ot the loin coin I olden Mr Hugh has haM lm nut not yet I 1 brought to light was m 1111 ono one of ot the thu chief member members of ot the stuff tor for thu thew th t and recessed received reel Id money monr tor er vloe for tor the h Mr att tr stain Maine told of ot the division of ot the country to be looked bolted after by Mr Ham Ron In fn conjunction with 1 K E L Short j and 10 E M Witness r pre r tinted vouchers tor for money paid by ht his to Mr fr Hamilton These t showed d that thal In hi eight year PU 11 from 1805 1888 i to 10 1008 1908 the sum eum of 6 0 was wai pu lit litto to Mr WI for lot legal services Mr Main Ilaine did not give live tiny any 1111 details of ot I the ilio duties performed by Mr MI Hamilton nor at ot the committees committee he ho appeared btu ben o beyond I ond the tact fact that Mr Ir Hamilton after alter legislative e matters for all nil nillie tilt lie In the states stales west went of ot Ohio pi told of ot an agreement where II sty liy si special counsel was wa employed by hy one company In It Its territory und and the tha ex cx was shared d by hy all ull He lie Will was nuked kell It If campaign contributions mine cane und under r hi his observation und and he ha replied that thai they did not lie HI never nevel heard of ot money being eln paid to 10 Influence legis legislator lator latore II 11 lie was waa lint hill will be he nailed Galled again aln to submit transcripts transcript of ot lacount living giving Information which he ha was wag unable to supply Ha lie w wan waa followed In tho the afternoon flan 1011 b by lid Edwin win I Devlin the tho teal I manager of ot the New ew York IMe for the United Statue States and Canada Mr 11 Devlin was wan colled to testify a as 1 to the coat of ot the tho buildings In h Parts Paris lie He hud had hudI I only the transcripts of the reports ts this j 1 department made to the home bone office ontee but hut It w wa war brought out that the Purls I building wee wan carried on the books book of ot I the company compan at a II valuation of ot II 1102 10 COI CO 4 while accounts show ho with the original costs cote and Improvements on ou the actual monc money to th the amount 1 of ot was Wal paid over near one mil million j lion being charged oft off the valuation on the book books of ot the company pan loll Mr I Devlin said ald the net Income on the building to the New York Life wast waat was waa t on one and per cent on of the actual amount Invested Invented In the tha building or be between between tween Iween 8 S and SV an h per par rent on Oil the amount nt It which tin time building was wan carried carnal on onlie I the lie books booke of the company Mr 11 Devlin Devill on at the time stand Hand when adjournment was fU u taken but he will ho bo called n again to 10 submit of ot the records to further Information lIon Not Nol the least leant Important development of ot the day dRY va was tho the appearance on Oil the eland of ot J Jacob cob It IL of the time banking linn ilium of ot Kuhn Loeb h Co Mr w was the nest first witness of ot tho day dav and be he on the stand until 2 9 Mr III had bail been waiting wafting In the committees le chamber for foru fora 1 u a day anti and 1 H a halt half under Hub cub ports and when the usual time for tOl re n noss cote arrived Mr III desired to pio pia as RI he ho had an engagement for tor tho afternoon Mr IIII H explained tho the situation lation to the committee and It wan wait wann n reed to continue until Mr had his M Mot Most of th the time Mr 11 RI reclined In iii the chair on the witness stand but hut butI I J M U one ono point after atter another Mothel was wa brout brought out nut he hll grew and vigorously de do defended deM M fended his hie attitude A while a director of ot otI r tic the Equitable and awl claimed ht his Arm had bad noted in a manner In fn all I Its Iti dellin dealings with the society At the conclusion of nf his hili testimony and before bufore the could ad Rd adjourn ti journ Sourn Mr asked to be allo allowed le II lo in make H a statement H n Hn I was wait VU permitted I and he stepped forward on nn th the platform and made nn min attack on the tho stale tal lt of ot Insurance and Ind ho had made Kuhn Lo Loeb b k fo o 0 during th the pUlon gatlon Ion of th the Equitable Mr s emphasised his hili remarks remark with rap rt lIn on the table and frequently h he 4 4 raised his hid voice olce un until tIt It wile was almost 1 H a ashout 1 shout t f I During Ills his testimony ton too Mr 11 Rehire J f made the charge that the minutes of ot oft oti t finance committee 1 a clr certain i I fair tain meeting ne were wert fake e lie ITe later nual qualified j It this h however r by hy Mylne If It the Ira i transaction under r consideration one I In la Union Will was actual w jy ty I he till did mild not beer henr It although he lie 11 WR WAS present at Rt tit the meeting Again during hU his regard lit the r nf of the finance committee at et the MOl en hl I Mr sir I warm In 11 lil hi tik intonation ocr n nun and 1 i Mid MUt Id that lit the tho wo was wan at nt att t A mercy Inere of orn on in ram in i 1 tt 11 nil all H II 1 d I ild iid Mr Sir rr hl all Hyde und and Alexander Mr Hyde wrote the tho the of ot ofer tore tera er made by hy my firm Arm for tor participation In n the syndicates Mr 11 Hyde signed l all l the h receipts Mr tr Hyde thle wrote rate all the lectern In the matter of or the till James ll H II T Hyde and associates Nn Mr Ir hotly holly accused 1 Mr Mm 11 Hyde of ot trying Irving to shield himself lf He lie mild 1412 the position of ot ofa ota a director In th time Equitable was Willi that of ot ofa a II negligible quantity I and that the dl di director rector were mere snare figureheads He Ito said that h he had Imd never asked any nn favors of ot the l Equitable society I 1 have grunted many favor ho said 1111 I have not done lone ni nil a director of ot the An wrong wron of ot com coin lon I may done of ot It t I is 1 a ca case e of ot hindsight ad not ono of ot nut But tn toy tny conscience trees na mile of oC In my bond bon T I have been as ns stood good a director us III I knew how liow to be lit and I did mir my duty The committee adjourned until next Wednesday Il morning GERMANY 18 IS Berlin Sept 30 The German government govern ment Is III with keen interest the tha investigation now being conducted b by bya a II committee of the Now York legisla legislature lure ture Into the affairs and conduct of or American Ili Insurance companies and Is U taking steps it pa to keep Itself fully Inform Informed ed ell regarding the of thu In investigation gation According to the tho Cologne tha the tor for private insurance has hal applied to the tho German representative live tive In the United Statue tin as well hell ell us as dl to the American government for tor I information on the subject The paper males that steps tep An companies operating In Germany German are alo not yet to b be expected na nit tho the holI Investigation gAllon gation has baa not been Unladed Vitriolic Various neW newspapers hll have havo 0 hinted w withIn with In the tho last tow fow weeks that tha t concessions ml may bo he from front the tho remaining Am American companies doing dolnic business here |
