The St. Louis Republic., 1905-09-29

he checEs :Ss div:asnis to Mr.. Hyde.
The subject Of salaries Of the oMcers
". Vas ts,o. Then taken ,, up In the minute: Of
1875. mention Is made of n special min
ute" relating 10 compensation of Of
se,s n; ,s but !. does not 1gtsar on the books
!, when he received a copy 10 show to
President Morton. This Finance Commit
tee axed the salary Of Henry b Hyde.
PERKINS AGREES I'D
PRODCCE MORGAN BOOKS.
George ". Perkins. vice president Of the
New York Life Insurance Company. was
then called. He stated that the New York
Lie Insurance Company had no inter st
n the naSxa;sn s,s;x synSs,ss :; The ESu;ss.
navigation bonds.
NJ. Perkins WAS asked 70 clear up some
Of the questions that he was uHabl. to an
:wer when OF. the .,aad several days ago.
lie said there was Eo act % authorization
or approval by the Finance Committee OF
;he sal" 70 J. +. Morgan Go. and r.-
navisa'ion syndicate bcads. on Decom9sr
81. 1903. The certificate o: these bonds.
wh:ch WAS surrendered TO J. =. Morgan
& Co. IN this Transaction. Mr.. Perkins
said he would pro:uc. later.
NJ. Perkins isSt'f chat. authorized hy
the Finance Committee. he agreed 90 take
from J. r. Morran Z c.; sa.yM o.
Louis bonds. He secured them =, Sf'.'.S
less than che price stipulated by the
Finance COMMITTEE: and Mr. Hughes
was made BY Mr. Perkins acting for the
policy holders, with Mr.. Perkins "o',a<
FOR -. IL" i:ia ;s 2: Ms.EHn S. .1-,.d CO Nj.
number of Sucn transaciSo1s.
ST. l.Olls TERMINAL. BONDS
~ IRCHASED FOR NEW lORk LIFE.
Mr.. Perkins said that IN To: he was au-
tsortzel by tn. Finance Commute" Of tna
New York Life Insurance Company 10 Diy
horEh, from J. +. Morgan 4 co. - 6s.,
worth of 81 Louis Terminal bonds a. TO-.
The bonds vcr. 20 have been delivered be-
delay arose. ard SO tho New York Life
took Chicago. Burlington and Quincy.
Northerl Psc,nc ani Cleveland. Cincinnati.
ns g. ara ; ~ .rn:,s : sp'ss .,,.,s ias,s wsa OK
changed for theia Ia Nay. Mir. Perkins
conducted the Transaction. H. could no;
remember whe;..r he also acted Ter J. L.
Morgan & 90. Hr. Perkins cous Eos pso-
:ace any r.,or: On che books Of tho New
York Life l.suraace conyany Of she
agre-:a.r; between ]. +. aiorSan 4 ~.
al . the life Insurance company.
In TIE discussion over this point LIT.
Perkins said:
II You i" not trust NY worl. M- Ran
So;ph III. treasurer. will SUPPORT
a; ;he afternoon session; M Perkins
gave testimony ou the S.'..., loan made
Icy the NY York Life Insurance Com !
l.inS tS .io.ir IL heS"'lifi- uFeriient ot
inc Metropolitan I:fe Insu:ar"" Con pany. |
I his loan from January =. I.,,. 10 October
L.. 49,. bore interest at the rate Of IL !
per cent. III. r"'iid not say why III. loan !,
was made a, such a low rat. "f interest.
As far back ISa9 Mr.. Heseman wss !
loaned sz..0s' ~ Ia per cont. In iSa1 ne |,
Was loaned s!cs"" a: = p.r cent. the Fate |
later Be .ng reduced to per cent
Mr. HuSh"s. taEiaE Up the insurance re- !
po-f OF Dee. mb.r 81. i:..i. called Air. Per (
sins's attention to the statement oS the .
New York Lies nef ?ro.igs from certain 3
os $S.V.s:.l anil asked II ;se .
aS;Eal profits were not upward Of SS.ON.-
ID. {
Yes, sir replied Mr.. Perkins. tho
actual profits were 81 .SIi ard profits
from o.he- sources SIS sss. making a total
D! G.SSsN.. Against this Mr.. Perkins
aid was cta,ccI oH agents balances
which Insurance departments 'io no; r.ccg-
nz. ~ assets. and AIS" 81 .s!s. -! "a reduce
ZEAL estate values. making a tota! o. s. !
'l'.. ia !