Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1905-10-28
MAY HAVE TO REFUND
Mutual Life President Again
on Hughes Rack.
PROFIT IN VARIOUS SYBDlCATES,
Attorney General Might Ask Return
OF $50, 900 From Neutrality-suspicious.
Expert Said TO Have Exam
lined FIunIseft Voucher.

lined FIunIsett Voucher.
NEW YORK, OCT. zo.-In addition to
his saiary Of St5J,OJ0 year President
Richard A. Nc, Hdy OF the Mutual
Life Insurance company testified be
fore the legislative committee that he
went into various syndicates in which
the Insurance company was interest
ed and from winch he aggregated
profits of $4,000 in recent years. Ii
Attorney General Mayer should adhere
to his original intention, as expressed
when disclosures of Equitable syndi-
Gates were made. he may formally de
mand that President McCurdy return
those profits to the insurance company
although Mr.. McCurdy was very en-
phatic in denying that he was ever In
syndicate which sold securities to his
own company.
President McCurdy also admitted
that whereas the Mutual Life Insur-
ance company was getting only 2 per
cent interest for its deposits in the
Morristown Trust company, of which
Mr.. McCurdy owns 512 shares. Nc
Curdy himself and many other deposit
ors were getting 3 per cent on all theiI
deposits in the trust company. Count
ing the stock which President McCur-
dy and his various relatives own in the
trust company, together with the block
the Mutual owned. the McCurdyS con
troled the trust company.
Counsel for James Hazen Hyde, for
merly vice president of the Equitable
Life Assurance society went to the
hearing to ascertain when Mr.. Hyde
would be required as a witness. He
was informed that the committee
would not call Mr. Hyde before next
Tuesday.
Chairman Armstrong of the commit
tee said in the anteroom In discussing
testimony given at the inquiry that it
was not the province of the committee
to stop its labors or be sidetracked
merely because the testimony deyel-
oped that a crime had been committed
"Our business" said he. lis 10 inyes-
tigate the copdition and methods Of life
insurance companies doing business in
this state. If the testimony happens to
show that q murder has been commit
ted it is not our intention to chase the
murderer, because the local authorities
are quite competent to attend to such
matters. We will follow certain testi-
mony when it is symptom of existing
conditions. When it ceases to be an
exponent of certain principles and
methods of conducting the companies
we will drop that line of testimony for
the time being"
The chairman refused to make any
comment upon the specific testimony
of George Plunkett and Edgar ". Rog
ers of Lawrence Il Co, stationers for
the Mutual, relative TO the signing of
Plunkett's name to the legal voucher"
for $901.15. which young Plunkett said
he never received and which voucher
he disclaimed as genuine.
Some Significance is placed on n visit
which Dafad S. Carvalho. the hand
writing expert. paid the Office of AS
sistant District Attorney Rand. 1t is
said that he was there to examine the
signature on the Plunkett voucher. Ac-
cording to the report, the members of
the committee had received informal
ton which led them to believe that the
signature was forgery.