The Birmingham age-herald., 1905-10-25
One Dollar q Line Pals
 Newspapers 5
POLICY HOLDERS PAY 3
President Heeeman of the Metre tan Says His Company Has Vo
 tarily Given $s,ooo,ooo to Polio
 Holders in Eight Years. [

New York, October 24-At the s7n today of the legislative committeA~ vestigating the insurance companies affairs of the Mutual Life Insurance pany were under considerations and ii brought out that this company was ing for the dissemination throughout country of reports of this investigi that were favorable to the comr Charles J. Smith, a newspaper man. the witness. He Is employed by the MI Life Insurance company to do number of things. but Il month ago
 placed in charge of sending out reports. MT. Smith has vised a nuI of vouchers for the payment of this and these aggregated sl1000 with bills to come in. He thought the am to date would reach $l4,000.
 Mr. Smith wrote these reports 2 submitted them to Allan Forman, > owns the telegraphic news bureau. k s1 Il line was paid by the Mutual Life the service.
 Sent to 100 Papers. "Dispatches were sent at various tim to about 1Odspapers, but MT Smith q not know whether the papers were pa for inserting them. In one dispatch N Smith wrote that Mir. McCurdy's attitu on the stand made distinctly favoraf impression, and for this he had to ?; S2 d line This. he said Ii was worth
 Following Mr Srlish. Walter Eullisa who has charge. of the magazine advert ing department, was called. He said [ Mutual advertised in twelve magazin last year at cost of $42,0O0. Advertisi in insurance papers cost about sSO.l more. but he could not tell where the I mainder of the account of S329, I97, { amount charged up to advertising la year, was spent.
 Emory McCintock. actuary of the Mt ual Life, was on the stand The enti early session of the day was given ov to his explanations of technical insu ance. MT. McClintock practically adv cated no laws for the insurance compani except certain supervision to give tl reports publicity.
 John R. Hegeman, president of Metropolitan Life Insurance comT was examined, and when the adj ment was taken this afternoon his mony was unfinished.
 Hegeman's Remarks Interesting
 While lacking the startling features the testimony of some of the other insurance presidents who have testif Mr Hegeman's remarks and cxplanaH were none the less interesting, espeeia his statement that $s76,000 was given the industrial policy holders of his c1 pany last year without any obligat whatever. Mir. Hegeman further z that in eight years his company had untarily given 10 the policy holders 100000. This was In extended insura mortuary dividends and liberalized ! cles during cpidemics, floods and frei
 If was brought out that while the pany carried collateral loans throug the year none appeared in the annual port on December 31. This was explaii by the witness who said that all colla eral loans were transferred on the Ia day of the year to Vermllye 8 Co.,. Il bankers, under an agreement, and We bought back again in January. This VI done. according to the witness, to ayo the horde of applications for call loai from the Wall street district.
 The large loans at such low intere as 1Hs per cent. especially the one President John A. Mccall of the Ne York Life Insurance company, were take up. and MT. Hegeman spoke strongly his friendship for MT. Mccall.
 Mr. Mccall had rendered him valuab service that was of benefit to the con pany and personally he thought the con panv could afford and would have bee justified in paving Mir Mccall the fe hundreds of dollars the interest on Il loans amounted to. The same was tru he said. of Silas B. Butcher. directt of the company. who also carried lart loans with the company at low interest.