| Show i to help a bank out of a bad hole AIDED A BANK new york nov 28 E D randolph treasurer of the new york life insurance company tes today that during a period of distress acme masa churetta chu setta bonds and new york city bonds to the new york lite insurance company were deposited with the united states government for the first national bank of this city was hone because the secretary of the treasury was demanding a hibb class of securities against government deposits the new york life received for the transaction besides interest said the witness new york nov 28 edmund D randolph treasurer of the new york life insurance company was the first witness before the investigating committee today charles E hughes counsel tor the committee asked him if be had been ordered by president john A mccall to turn the check aiom kidder Peati ody company of boston over to george W perkins vice president of the new york life insurance company mr randolph said he was ordered by president mccall mr randolph said the loan ot to kadder peabody company was not acted upon by the finance committee of the new york life insurance company because it was customary james C keeler formerly clerk of the new york security trust company said that in 1900 or 1901 the trust company paid andrew haell ton and charged to an account with the union savings and trust company of either tacoma or spokane mr keeler said he understood this trust company Is now defunct and that all its assets were in warrants and debentures and were orned by the new york life insurance company asked why he did not cash the check for the new york life insurance corna pany mr randolph said it did not belong to the records of the new york life the companas comp anys share was five per cent interest on the mexican central railway bonds and to furnish all the money said mr hughee asked about the removal of worth of new york city stock from the vaults of the new york life in aurance company for a few days and the substitution of a check on the central rational bank for which was told yesterday by cashier theodore F banta of the new york life mr randolph said the statement was correct in the main lie did remove the stock as mr banta testified he said but at that almo ho was not the treasurer of the company but chairman of the executive committee he probably acted under instructions from mr gabbs then treasurer now dead who got the stock asked mr hughes 1 I dont remember only three men had then access to the vaults he said rf |
