Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-12-27

srty are learned OF and suppressed In ad-
vance, and they are thus more aiscree',s
provided against. Prevention Is again
proved herein to be better than cure
Where II becomes necessary we have OFTEN
occasion to employ the columns OF the
public press for discreet advocacy of our
views This method has been found to pc
very efficacious. but it has also been found
very expensive.
II have found that in my work in every
legislative body IN the United States there
was as large a proportion OF honest men
as there is any body of men In any walk
of life. Permit me also TO state that IN
my work / have not found 1t SO diffcnit 10
defeat blackmailers. man VINO Is OUT , 10
well known and his character Thoroughly
understood. These men never retain IN
fuence for any length of time. and nave
found that requests TO the honest member
of the legislature for help In defeating the
blackmailer is always readily and cheer
fully granted"
Money Received by Hamilton.
A statement OF money received by Mr..
Hamilton shows total of sI20, $50 for the
years 1899 TO 1908. He calls attention to
an expense of $50, 100 for "retainers and
newspaper articles" in 1904. and says
large portion OF this expense was occa-
stoned by an attempt to create public SEN
timent throughout the United States In
favor of national supervision of insurance
Under the same heading $4,000 Is charged
for 1905 and the increase was due. he says,
primarily to the troubles in the Equitable
Life Assurance Society.
Concerning the $235.000 charged against
him by the New York Life, Mr.. Hamilton
says:
II note the amount OF S235.0GO charged
against for those accounts and which
has been fully brought out in President
McCal's explanations to the Investigating
committee. and which, as appears by his
testimony, | was entitled to apply on other
accounts. The discharge of obligations in
CURED or accruing In my department in
1904 and 1865 not represented in the stated
payments for those years, my unsettled &C
counts for retainerS, for commissions, for
percentages and the balance under my
special tax arrangement all of which &C
counts are still open. are to be deducted
from this gross amount. L have, however,
objection. evidence of good faith
during my absence pending such a settle
ment of these accounts, to place in the
custody of the company 100000, which It
may hold. and which is TO be repaid i'll
whole or In part as may appear upon such
future audit.
Mr.. Hamilton sets forth that the tax
measures alone defeated by his work have
saved the New York Life Insurance Com
pauy over S2.J00,GOO. In concluding his
statement Mr. Hamilton says that I'the in
JuICtlOIs VI the PEeSiutnt Oh tue new
Life to me were always Enthusiastically eX-
plicit that my expenditures and my work
were to be strictly confined within the
limitations of the law of the land. These
instructions have been faithfully followed
to the letter.
There has never been a disbursement
made by me of the companys funds which
trespassed upon the Instructions given me
by the president of this company and 1
want it thoroughly understood that not one
dollar OF any moneys ever paid to me by
the New York Life Insurance Company
has been used improperly or for improper
purposes, or in way that transgressed
either the statutory law or the moral law"
Erroneous Statement Corrected.
NEW YORK. December 2T.-Durine the
testimony of Howard X. Stokes, third
Vice president of the Bankers Life In
surance Company OF the city of New
YORK, before the legislative investigating
committee on Thursday last, Mr. Stokes
was enormously quoted to the effect that
the companys expenses exceeded its
premium income. Mr.. Stokes said TODAY
that the company during 1904 received
Sts5.ooO from premiums and that it's ex-
penses were $3.50. 900. OF the balance
nearly S35oO00 was paid to policy hold
ers and s22o,OOo was added to the COM
pany'S assets.