Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1905-10-11
Pithy and Pointed Paragraphs
Of Recent Interesting
Happenings.
EVENTS At NOME AND ABROAD.
The Beings % the Government o.
fieiaIs-crimes and Casualties
and Other Notes Of Gen.
sral Interest.


than 81. been paid as com.
missions U6 Val Life Insurance
Co. to two memUefB OF the family Of
Richard A. McCurdy. president Of the
company. and the promise OF District
Attorney Jerome that the insurance
scandals certainly will be submitted
later to an extraordinary grand jury
were among the sensational develop
ments In the insurance situation. w.
+. Thummel, an attorney OF the Mutual
Life Insurance Co. testified that he
paid to the chairman OF the republican
congressional campaign committee the
sum of $500 in cash as a campaign
contribution.
In the testimony before the special
legislative committee investigating the
methods of insurance companies the
sensational development was when
Mr. Hughes demanded the payroll OF
the executive officers of the Mutual
Life Insurance Co. This was produc-
ed and showed the salaries Of these
officers since 1877. For the year 1904
President McCurdy received $3.50 900;
two vice presidents were paid $50 900
each, a second vice president $i1,500,
the general manager $4,000, who this
year will receive $4,000, and the
treasurer $4,000.
President Mccall, of the New York
Life Insurance Co, testified before the
legislative committee that there was
no record on the books OF the New
York Life Insurance Co. OF the $780,
600 paid the national republican COM
mittee for contribution for presiden-
tial campaigns. While he had no per
sonal knowledge that the money was
paid, he assumed it was, because he
had told the treasurer TO make the
payments.
Missouri state superintendent of in
surance, w. y. Vandiver, sent a com
munication to- John A. Mccall, of the
New York Life Insurance Co., demand
ing that the S148,7O2.5O campaign fund
be replaced in the treasury of the com
pany, under penalty of revocation OF
the company's license to transact bust.
ness in Missouri
Thomas w. Lawson is sending out
kilograms to the governors of various
SIotco dohlHS lnelH 10 JOIN WIN MIN In
movement to form a committee to
enforce restitution of funds alleged to
have been wrongfully used by large
insurance company officials, and the
punishment of those guilty of criminal
action in connection Herewith.
Governor Beckham will urge upon
the general assembly in January next
10 make some changes in Kentucky
laws on the subject of insurance.
The state board of revenue of Ne
vada decided to postpone final action
relative to the revolting of the license
OF the Mutual Life Co in Nevada until
the New York investigating committee
had finished its work.
In response to the letter of inuuirv
from a member of the Royal Arcanum.
Senator Armstrong, chairman of the
New York legislative insurance inves-
tigating committee, wrote that I'VE
intend to devote some time TO frater-
nal insurance before we finish our la
bors"
The policy holders committee 81 tho
Western Life Indemnity Co, Of Chi.
cago, OF which II. b. Hicks is chair
man, VIII not agree to refer to Judge
kohlsaat for settlement or 10 am
referee whatever, the controversy over
proposed merger OF the company.