Show president of mutual life provided plenty of for young mccurdy more amey for political purposes s A RICH HAUL new york oct 5 payments amounting to in commissions were made to robert H mccurdy son of president richard A mccurdy of the mutual lite insurance company by that company during the years to 1905 mr mccurdy was superintendent in of the companas comp anys foreign department and received a commission on all foreign business ahls rat of was reduced several times at his own request but despite the reduced rate his compensation grew until it amounted to for the year 1902 alone at the afternoon session of the committee it was brought out that in addition to the which robert H mccurdy received in on foreign business of the mutual life he also received in commissions on domestic business it was brought out that louis A thebaud who married miss gertrude mccurdy received in commissions from 1893 to 1004 the sum of from the mutual life insurance company new york oct 6 edward devlin the real estate manager of the N elj york life insurance company today resumed his testimony which was interrupted at the adjournment last night ot the legislative committee appointed to investigate insurance business ment house at park avenue and six ty second street cost the now york life insurance company and is carried on the companas comp anys books at the loss ho said was due to the administration preceding mr mccalls Mc Calls the office building at kansas city cost it is carried on thea books at and its net income is or per cent return on the investment the company charges itself with 1992 rental for six offices the omaha building cost and is carried on the books at and pays a return of a little under 3 per cent the companas comp anys rental is 1200 the net income Is all these figures are tor the year 1904 the building at minneapolis cost 1 and pays a return of 2 12 1 2 per cent the net income Is in st paul the building cost and has a net income of or a little less than 1 per cent the montreal building cost and is carried at and has a net income of or about 1 14 1 4 per cent on the actual cost mr devlin said that in 1903 the real estate of the new york life returned 4 per cent in 1904 the return fell to 37 per cent this witness said was due to homo office which was taken ocr in that year this year mr devlin expected the real estate investment would amount to 4 percent the hotel in this city cost the company a loss of mr devlin said it lent money to original builders on mortgage and after SOO had been expended they failed and the company took over the property in 1902 and spent on the construction the total cost to the company was and they got out of the investment with the loss of following mr devlin C white an auditor of the new york life insurance company was called ila presented records of the account with andrew hamilton showing that two entries ot each were charged to taxes new york insurance accounts and later one of thesy entries was transferred to the contingent expenses account mr that the latter account consisted of items tha paid to the president to reimburse him tor what he had paid out W P Thun iniel the lawyer engaged with mr hamilton la legislative work for both the new york |