| OCR Text |
Show BB jCmk I EXCEEDINGLY THRIFTY FAMILY IN NEW YORK 1 1 R. A. McCurdy, the Life Insurance Magnate BJ and His Interesting Children. BBl The InvcstljtHtloii of life Insurnne BB com pa nl cb by the now famous Arm- BB strong committee of the Now York leg- BBJ lelntiiro hn.H brought to llgttt n remark- BBJ able fnmll.v. The bom! of the family Is BBJ Itldmrd A. .McCurdy, president of the BBJ , Mutunl I.lfn Insurance coinimny. It l BBJ seldom, Indeed, that n mnn Is able to BBJ take fit good en re of lil.s relatlveH as BBJ l'refddriit McCurdy hn tiiken of bin BBJ numerous and tlirlfly kinsmen. He Is BBJ seventy years of iKt wns once a law BBJ partner of Lucius Hobtuson, afterward BBJ governor of Now York, and Is n prod- BBJ unte of narvurd. Ills connection with BBJ ' the Insurance company of which be BBJ Is now the head dntes from 1800, when BBJ bo beenmo Its attorney. Five yenrs - BBJ later bo was chosen rice president nnd BBS In lfi85 been me president. Mr. McCur- BBb' wB?BBBkL' Xt tjM J'iyt' hi HHB! ?& BBb JUCItAltU A. MVUIIDY, 1'llERIDENT OP THE BH ( MUTUATj LIFE. Si dy was for some time content with u BBV salary of $ao,000 a year, but utter BBS iiwblle bis wages were Increased to BBA (100,000 a year, and four ycurx ago a BBB raise of $50,000 a jour was grunted BBB lilin, ho tbut he now draws $100,000 per BBB auuum aud Is the highest paid Inmir- BBS ance oiltclul In the world. Ills sou, BBB JtolxTt II. McCurdy, Is general man- BBB oger of the company ami received lu BBB wtlury and commissions lu 11HM u to- BBB tul of .fllll.r.Tl.IUt, while lu the year BBB lh'.K), when be represented the Mutual BBB iibroad, be got ?lU7,5:2u. BBf Auother member of the McCurdy BBB)' .family who has fattened oti the prollts BBBJ ) of Mutual Life business Is Louis The- BBBj I buud. lie murried Gertrude McCurdy, BBBJ I daughter of Piesldent McCurdy, In BBBJ 18S4J, and there was n romance about BBBJ t 1ne affair, as the pulr'bad to elope In BBBJ order to be made oue. They wero BBBJ xpeedlly forgiven, and the sou-ln-law BBBJ was shortly nfterwurd Initiated Into the secret of Tmtklng money out of life In-BUrnnce. In-BUrnnce. The testimony taken by the legislative committee bos shown that the firm of llayniond Sc Co. helped the relatives of President McCurdy a great deal. It controlled all Insurance written writ-ten for the Mutual In New York and vicinity Kobert II. McCurdy wns n member of It for some years, and when he left It lu lKf:t to go abroad his brother-Ill law, Mr. Thebaud, took his place. The latter Inside of four years wns receiving re-ceiving more than $fiO,000 n year from his share lu the business, and in 100-1 bis part In the profits amounted to $117,087 President McCurdy's broth-er-ln law, Dr Kilns J. Marsh, Is med- ItOBEHT II. M'OUIIDT, OKNEllAti MANAORB Or TUB MUTUAL, LIFE. leal director, with n large salary, i A. Gillette, u cousin, located In Texas, gets about ?7D,000 a year lu coiuimIh hIouh; 'Kills J. Moore, another brother-in-law, draws $K',O00, aud P. Stuye sant l'lllot, a cousin of Mr. Thebaud, Is Inspector of risks. Hlnce their connection connec-tion with the company President McCurdy, Mc-Curdy, his sou and his son-in-law have drawn lu salaries and commissions 4,-n3L1"0.40. 4,-n3L1"0.40. The McCurdys, fnther mid sou, unci Mr. Thebaud nre niembers of the lead-lnfj lead-lnfj social set In the ' iltliy cplony of Morris Plains, ' .1 i e elder McCurdy McCur-dy has a handsome residence there said to have cost ubout ."Fl.OOO.OOO. The ' homes of the sou and son-lu-law are near by. ItoKrt II. McCurdy Is n hand-some, hand-some, manly appearing man of forty-five, forty-five, popular lu clubs nud society. After graduating from college In 18S1 he spent six months In travel nnd then entered en-tered the employ of Raymond & Co , at tlrst drawing only $1,000 a year. Ten yenrs from that time, when he was thirty-one, his Income reached the buud some sum of $100,000. |