Show laws should be enacted to put an end to the present form of Insurance Vouchers dis biose several questionable transactions HE PREDICTED IT newyork New York no 17 E un galls chairman ot the big foai board formerly a director tn the equitable insurance company said in an interview today that he hail begged hyde and alexan der to get out long before the sensational disclosures in the new york investigation he ald my predictions have teen like holy writ in this instance I 1 begged both and alexander to get out months and months ago and save the company from the disgrace of these disclosures the prick report was the fatal gun it sounded the knell of the old regime now what we should do is to se cure the enactment of laws which would put an end to thia from of gambling insurance I 1 can call it b no more polite name we must do away with gambling insurance the large surplus and the quasi mutual stock company new york nov 17 frank B jordan son of the former comptroller of the equitable life assurance society was the first witness called before the legislative insurance investigating i committee today he had testified at a previous session that ie dirt not know the whereabouts of his father or mother and ihu he did not know whether they were living or dead to day he said he had noi since learned of his fathers whereabouts he had lec elved a jegier aiom hia mother who is in canada he said nothing about I 1 his father As to his profits fram fire written on properties mortgaged to the equitable he sad his father received none of them he had ho idea what proportion of his business the equitable furnished him samuel S mccurdy assistant regis dar of the equitable bo clety called he had formerly been secretary to Secie tary william alexander of the society As assistant registrar he had custody of vouchers for money paid out for leal expenses he pro deuced the vouchers for such expenses for ahe last ten years on the vouch PIS for 1895 was a letter to james W alexander from kobert H mccurdy of the mutual life insurance company which accompanied a bill for the share of salary and expenses of george S batcheller as plenary legal i of the equitable society new york life insurance company and mutual life insurance company the salary of mr batcheller from tats combination was given in a statement as it was TI ought out that mr Bat chellers duties were abroad alie packages of vouchers for payment for legal services in various state legislatures were gone through by mr hughes who asked aa to the legal service tendered by the signers of the various vouchers vou cheis A voucher from aames M lewis dated jan was tor in full for services rendered during the coming session of the general assembly in missouri witness did not know lewis or the services he performed nor did he shed much light on other vouchers mr mccurdy said that a month biad been paid to special counsel to represent the equitable society before the commission at the suggestion of E S pillsbury the socie tys regular attorney who had told the witness it was paid to a brother of the insurance commissioner the total amount paid in that way was the witness said also that approximately was paid to W S pickering of california counsel for the mutual life in aurance company at the close of when the eq altable society filed its annual statement with the california insurance department the commissioner asked forty additional questions the witness said which the commissioner knew 11 was practically impossible for the society to answer because its books were not kept so as to do this this the witness said was practical ly a rehash re hash of the demands the commissioner had made previously witness said the company had had no like experience with the insurance department of any othar state 41 his personal onal knowledge and that like proceedings against the new boik life and the mutual life were terminated about the same time as those against the equitable society there were d dozen hearings on the interpretation or one of Cali fornias laws and it was for le presentation lu these hearings that the a month was paid mr budd while in new york consulted almost entirely with sir chickering witness said be thought governor Gov einor budd appointed mr blunie as commissioner lie did not think the man to whom the a month was paid did anything for the equitable Equi tabe society do ou know how much of these moneys was paid to governor budd asked counsel for the committee air mccurdy said he did not know and that to his knowledge no accounting ot disbursements was made by mr chickering mr mccurdy said he arnt to california but did not meet mr clunie to whom the WAS paid in all the six weeks he was there the new york life and the mutual were also paying a month to the same man for the same service rendered the equitable said the witness another demand which the witness said mr clunie made was that a complete bet of the equitable Socie tys books be kept at the offices of alfa san francisco agency which would hare cost the society about ho also said that under the law of the commissioner coull hae collected his fee from uie equitable society upon mil hilving ving his proposed valuations of ita policies the generally do not make independent examinations of tha joew york companies sir mccurdy said missouri once demanded it but at the request ot the society had accepted the new york valuation minnesota made such a valuation four or five years ago |