The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1905-10-06
HUGHES HUNT
GETSHOTTER
Grand Jury to Probe the In
surance Stealing,
$4,000 COMMISSIONS
Mutual Lie Attorney Tells Of
$500 Paid 10 Congressional
Campaign Fund.
100000 COMMISSIONS

NEW YORK. Oct d-Ihst the 90
toaadins total Of ts.opooo has bet
paid 40 commissions By tho Muias
Life Insurance company 20 t~o mem
bet. Of the family Of Richard A, Nc
Curly. president Of the company. aud
the promise Of District Attorney 10
roms that the insurance scandals Ger
lalhiy will be Submitted later 10 an En-
traorainsry grand jury were the sen
sstioasi dsvsiopmsats In The insursncs
situation.
II was brought oot By testimony b.
fore the legislative Insurance commit
tes that Robert u. Mccardy. soa a
Richard A. Mccurdy. has received ~
commissions on foreign bushes 81
i.sJ<s9 aud on domestic business ss<i.'
81 and that Louis A. Thibaud. son-in'
lsw OF Richard A. McCurdy. has 70
cciyed an ssgregats " svo.iis In
commissions from The company. II
vas also brought out thst Robert n.
Mccurdy expected his Income this
year would be about $4,000.
Previous 90 this testimony W. v.
Thummel. an attorney Of the Mutual
Life Insurance company. testified that
be had paid 10 the chairman Of the 70
publican congressional campaign CON
mitiss the sum Of s2,5p 10 cash a.
campaign contribution.
Mr.. Jerome In announcing IN court
mat tho scssdais viii b submitted %
IN extraordinary grand jury sad the
Inquiry By The Issislssivs coumittes
had shown -srcaess moral obnquisy
end moral obsussnsss On 40 part %
psrsoas important In ne business
world chan aid the shooting rsve,a-
tons In regard 10 the Equitable Life
Another Incident Of the days deveL
opments was ne publication Of q Letter
from Charles r. Hush~. counsel 10 the
Legislative committee. TO Samuel In
termyef. counsel for James n. Hyde.
the former controlling stakeholder Of
ne Equitable Life Assurance society.
IN which Mr.. Hughes said the commit.
tee would make no discrimination In
favor Of Mr.. Hyde In his examination
before the committee.
w. r. Thummel. the attorney who
was associated with Judge Andrew
Hamilton In looking after legislation
for the New York Life. the Equitable
Life and the Mutual Life Insurance
companies In the 20 called legislative
pool that was exposed last week, testi.
fed before the committee that he was
now employed as an attorney fof the
Mutual Life Insurance company at
salary Of 81. 200 q year.
Mr.. Thummei said that be personally
placed In the hands Of the chairman Of
the Republican congressional cam
paign committee $500 In cash which
had been given the witness for that
purpose by Vice President Robert A.
Granniss Of the Mutual Life Insurance
company.
Witness said the contribution had
been suggested BY the danger q Q
Democratic house, that would result In
tariff and other legislation Of a char
acter to upset business and AFFECT pol.
icy holders. He said other companies
had been asked to contribute, but he
did not know how many did. Mr..
Thummsl denied paying any money to
any legislator for the purpose of inAu.
encins legislation OF to any other per
son for that purpose.
Thummel In addition 10 describing In
detail how the big insurance compa.
niles combine to defeat undesirable
legislation throughout the United States
told Of the Mutuaps contribution Of
1850 to the last Republican national
congressional committee and said be
supposed the other big companies con-
an equal amount.
Robert b. McCurdy testifisd that In
addition to his salary Of $4,000 q year
As general manager Of the company he
had a contract with the company By
which he still got commission on re-
,ewals Of foreign business by which he
has recently netted as high a. 500.
1850 year over and above his sal.
Try, making an income Of about $780,.
700 year, considerably more than the |
'alary Of the president OF the Equita.
Die, which Paul Merton declared was
'xtravasant and dropped down to $780,
ZOO. M
In testifyins Of his rise from q sal. |
Try Of $1,000 year In 1881. Just after |
eaving college, to his present income Of |
,early $4,000 year young McCurdy
explained that before joining the Gem.
,any on a salary he was a partner
With general agent and that It was
while acting a. an agent that hs made /
his contract with the company for q |
on an renewals Of foreian
BUSINESS. & II
He said that the foreign business
vas very small when the contract was /
made and that II he himself had not
cut down the commissions
o himself his compensation would
ave been enormous. A. Il was, he
,spt on cutting OF hls commissions nm.
II now he gets only about 100000 q
ear under his contract, 10 which ho
would be entitled even II he were not
Irawing a salary Of 10000 q year
rom the company a. gsaerai manager.