The Red Cloud chief., 1899-03-03

COrneil tnat they received but &l0U
. apiece for their examination OF the
Hartford Fire Insurance company, Mr..
Palm said that $500 vas received; 500
was necessary TO pay expenses, which
left MrHGillan and himself 500 apiece.
This letter Is the one in which Mr..
Palm wrote that he would try to re-
member Mr.. Cornell.
Mr.. Palm said he knew very little
about the auditors o%lfice, as he was
seldom there, but he would guarantee
TO find there the insurance reports he
had sent in.
Prior to his duties as examiner Mr..
Palm said he had been for three years
an insurance agent; before that he
was a bookkeeper in the German Ma
tional bank of Lincoln, at probably
$50 a month" lie commenced book
keeping ut il years of age, and has
been at it ever since. He had been
~bookkeeper for the Ewing Clothing
company for about four years at SIS
a month. lie had also been bookkeep-
er for n Wahoo firm. His first expert
ence as examiner of insurance COM
panies was in 1897, under Auditor Cor
nell.
In January. 1898, he examined in
Hartford the Hartford and Travellers
insurance companies.
Mr.. Lichty had told him that the
Travellers should be examined, as
they had refused the Kansas depart
ment permission to examine them.
The Hartford was owned by the
New York Underwriters. He had
spent about four days examining in
New York as to the Underwriters
method Of doing business, for which
he received $500.
lie could not remember how much
the Mutual Life Of New York had paid
as his expenses; did not know that 1t
was as much as $3.50 No other New
York company had paid him a cent
for his expenses.
He had not examined the New York
Life, although he had called on them,
as he was examining the National
Surety company in the same building.
The New York Life paid him no mon
ey. The Weed and Kennedy compan-
les paid him al told about S240. That
included his expenses. He did not
think the two OF them spent over n
week examining these companies. lie
had made a thorough examination of
the companies. and detailed the work
done by him in this line.
Inc NItluTlH VI WV ''lN Nv
charged 500. He and Mr.. Gillian spent
two days doing this work.
The Penn Mutual of Philadelphia he
charged 500. lie did not examine
this ompan The company had been
examined just previous to the arrival
of himself and Mr.. Gillian, and at the
request of the president and the com
pany and with Mr.. Cornell's permis.
/ iN, L. n,,nntA1 this nomination rs
satisfactory.
The State Mutual OF Wooster, Mass.
he charged S246. He spent about q
week doing the work.
He said he regulated his charges ac'
cording to the strength Of the com
panies.
"You tempered the wind to The
shorn lamb, did you?" asked Chair
man Prout.
II sort of did. The only thing / re
greet isthat j did not charge more
was the W
He examined the Fireman's of New
York, spent three days and charged
sos.
In New York he examined eigh
companies in all.
All his charges were on the printed
list, save that of the Mutuaf OF New
York had paid his expenses.
Asked how much board he paid
day he said:
That depends upon the company
was with. / didn't stop on the Ameri
can plan-l stopped on the European
plan"
lie waited over a week for the decl
sion of the Mutual and they paid hi
expenses while waiting.
His eastern trip covered about si
months time.
Senator Prout asked: II win asl
you, Mr.. Palm, rs an expert, don
you l1now it would cost more tina
, you have charged any of these com
: panies to make q thorough eXamina
, tion?"
. at would not il a man would wor
for So"
4 "But you are not n So -a-day man?
, "Well at my rates, the eompanie
, could not be thoroughly examined 10
those charges.
> He had examined the German Mut
ual Of Omaha-had received, h
. thought. SEQ or SEQ therefor. He pal
! none of this fee to Mr.. Cornell. He wa
certain of that. This was in 1897.
In 1898 he examined again to see
the company was issuing Joiht etoN
policies" lie had n man buy a polio
to find out. For this he received, b
thought, $25. The check had bee
4 sent Mr.. Cornell. who turned it owe
TO him.
s Questioned by Attorney Bryant Il
! Mr.. Cornell, Mr.. Palm testified that I
had been educated in Sweden; he wei
n to school and worked on books in tn
n evening at the same time. He bega
e going to school at about Is years
O and quit at about Is. He was then en-
II ployed as q bookkeeper in a Who'll
r sale house in Sweden at 1900 crown
e board and rooms. A crown was wort
d about rs cents. but went as far
n Sweden as a dollar did here. lie can
l. to this country in 1856, when 20 yea.
of age, and could not then talk En-.
lish.
NE i,erppto h~,cinaas hara had M