The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-04-08
THE IMPRISONED EDITOR.

Testimony Before the Assembly Commit
tee MISUNDERSTANDING appropriations and
Violations OF Law in the Management
OF tho Mutual Life Insurance Conn
pany-Thc Investigation to be Com
tfnucd mt Albany.
The Assembly Committee on Grievances, ordered
to investigate the complaint OF Mr.. stephen Eng
lish, now confined In Ludlow Street jail on u
charge OF libel, again in session yesterday at
the Metropolitan Hotel. The proceedings were re-
sumed at ten O'Clock. The Mutual Life Insurance
Company, the prosecutors ofMr English, were rep
resented by MIR. Sewell.
THE TESTIMONY.
The first witness examined was Mr.. James w.
Mccullough, q provision broker, who testified that
he knew Mr. English; had business relations
with him, and never joined him In an attack upon
the Mutual Company; he investigated the afiairs OF
the company with Mr.. Hand, by the authority or
the Legislature; ascertained from record OF the
books that Mr. Winston's son. former cashier OF
the company, had taken q policy upon his life for
the sum OF 81 800; testimony taken at the examina
ton before Mr.. Miller had been copyrighted ny
them, and its publication suppressed, so far as he
knows; IL was surrendered on October =, 1862;
in September OF the same year the son took out
another policy for $4,000; il was surrendered
in February, 1864; on me I'd OF February ne took
out another policy for $1,000, which was forfeited
for non-payment OF dues; he died In 1866 after
his death the policy was restored and a new one
issued for $4,000 to Frederick y. and Gustavus
winston, father and brother OF deceased, as trus-
Iees o. w ss ,rustee Of the company he Obtained
policy the year 1916 for the benefit Of his wife;
in June. 1867. she was paid $4,000 for the surren-
der Of the policy, which was In violation OF the
law the value OF II was s2572 80; II was restored
in September, 1867; 1t was paid az debt claim 70
the estate OF Bradford In November following; the
5000 with interest was expended for Its restora-
ton understood Mr. Bradford died in October 1867
there was policy OF !! b. houston Tor $4,000; me
was paid for its surrender; the subject OF
THE PRESIDENTS SALARY
WAS referred TO a committee on June Z, 1869; re-
port was made In November, 1867, recommending
that the salary OF the President be fixed mt $40 000
10 commence on February l, 1885 he had seen paid
during that time nc the rate OF $4,000 which was
charged to suspense account; he received bonuses
from 1866 TO 1867 To the amount oil S3I,47l CO. AID
further bonuses, making altogether t56,250 81 to
1870, and above his salary; these were charged
TO dividend account; IL should have been charged
20 ep poicynoIder p and was their money;
the Presidents salary was suspended because he
was bankrupt, and the creditors were endeavor-
ing 10 attach hts salary; II was evidently done to
enable him TO derand his creditors; tlat IL the
only inference that can be drawn; he had a sou rs
cashier, one az medical examiner, one a clerk and
q son-in-law as agent ; the sou who died received
bonus OF 1880 on March o: his salary was 5000,
aud was continued after his death until February
and 5000 was also given; the medical examiner re-
ccived bonus in February, 1859, OF ~ 2sG ~ aud
in January, 1870 ST. 400. These
we're charged to dvisend account instead OF ex-
pense account, and thus poicy-holders were de-
ceived; there have been misrepresentation 81
money the payment To the sou was uDe the money
paid for restored policies and the bonuses were
malappropriations; there Is an item OF $1,000 PAID
TO Benjamin r. Manierre in 1851 nc being Commas
sioner Of Police, stated for legal services: $'lWo
paid to william A. Bailey, al Washington, 10 be re-
leved from taxation: there was $3.50 paid to Mr.
Hyde or the Equitable Insurance Company; under
stood that II was used IN. Albany; -oue 81 tnis
money charged 10 taxes; there are different
sums paid to Mr.. Manetrc, to the amount of $1,000,
which H. Was believed vas
USED FOR LEGIsIATIoN
at Albany: this was In 1868 and 1862 several mir
hons or dollars are, loaned by the company yearly
the cash Is depos,tted temporarily In banks wnen
received; they must have large amount always
GU deposits tnf books show that loans have been
made TO trustees Of the company; In June 1904
seymour A. Hustled received from Mr. WINSTON
$4,000 1t Vas returned In July with interest Their.
~ nothing to show that any security was given; Il
was ch2.cgcd United states stock, and credited al
receiv ed from United states securities, and IL was
thus the transaction was concealed nom the
Finance Committees knowledge; from June Il
| TO- september ~ Mr. winston, by au arrange