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Show I BIG MUTUAL LIFE A FAMILY AFFAIR. President McCurdy's Salary Is $150,000 His j Relatives and Wife's Folks Well Cared For. The Mutual Life Insurance company is a good j thing for President McCurdy and his family and his j family's relatives. This fact was developed by testimony taken by the Xew York legislative committee. The testimony testi-mony showed that Richard A. McCurdy, president of the company, received a salary of $l"0,0o0 for the year 1901. . President McCurdy has not only cared for himself, him-self, but for his son, his son-in-law, and, other relatives rela-tives of himself and his family, as well as relatives of Vice President Grannis. Here is the list as revealed: re-vealed: SON Robert A. MeCu'-dy. general manager: has salary of $30,000; has drawn J1.703.6S1 in commissions. commis-sions. SON-IN-LAW Louis Thebaud, member of firm of ('. II. Raymond & Co., New York agents; has drawn $9li0.113 in commissions. RicOTHER-TN-LAW Dr. K. J. Moss: medical director di-rector of Mutual Life. SON-IN-LAW'S COUSIN D. Stuyvesant Piilot, inspector in-spector of risks; salary not known. HUSBAND OF WIFE'S NIECE-. W. White, secre-tny: secre-tny: relative of A'ice President Granniss by marriage. mar-riage. WIFE'S COUSIN Howard Lewis, general agent for northern New York; cousin of Vice President Granniss' wife. . SON-IN-LAW'S PARTNER Charles II. Raymond, head of New York firm of general agents; draws &7'i per cent of all first year premiums on policies written in New York. SON-IN-LAW'S PARTNER'S BROTHER George Raymond; is general agent for all of New Jersey. Referring to this array of relatives, Lawyer Beck of counsel for the Mutual Life said to the committee: "If to be related to officers of an insurance company com-pany is a crime, President Roosevelt will have to modify his race suicide theory." ' "It is not a crime," retorted Senator Armstrong, chairman of the investigating committee; "it is merely ridiculous." The committee proposes to find out just how much of the policy holders' money is paid to the cousins, and nephews, and nieces of the McCurdy family. It wa.s brought out that the Mutual Life does not "skimp" in the payment of salaries. Not only does President McCurdy receive $150,000. a year, but two vice presidents are paid $50,000 a year each; a second vice president $17,500; the third vice president $10,000, and the general manager $00,000 and the treasurer $50,000. Mr. Hughes asked Mr. McCurdy what interests of the policy holders were served in increasing the salary of the president , m 1000 from $100,000 to j $150,000. The witness said'the-board-of "Trustees might know. v ' ' ' ' Mr. McCurdy had testified to the increase in the assets of the company, when Assemblyman Rogers asked: - ' ... . "Did the increase in the assets result in a benefit to the policy .holders in the same, proportion as it did to the officers of the company?" This inquiry provoked laughter among the audience. au-dience. ' . Before Mr. McCurdy was able to reply.' Mr. Hughes-asked him "if there was any, limit in his mind at which the increase of the salaries of the officers should stop V . "I did not know what salaries were paid until I came here." said the witness. In five years the Xew York Life Insurance company com-pany has spent $1,103,920 for "supervising"' legislation legis-lation in the United States and Canada. So testified testi-fied John A. McCall. president of that company, before the Armstrong legislative insurance investigating investi-gating committee. In making the statement President McCall declared de-clared that three-fourths of the insurance bills introduced in-troduced in the legislatures of the several states every year were blackmailing bills pure and simple. Of the $1,103,020 paid by the Xev: York Life "for legislative supervision. $470,027 was paid to Andrew Hamilton, who spent it in the various states without with-out returning vouchers or accounting for it to the company. , i The further fact was disclosed also that Hamil- I ton, in addition to the $476,000 and the $235,000. j has $75,000 more of the New York Life Insurance j company's moiiev. which, so far as the testimony before the investigating committee shows," has never ! been accounted for. . ' . ' i . I |