Arizona republican., 1905-09-22
LATER
Pertinent Questions Put to
 Mir. Perkins
WILLL00K AT THE BOOKS
ne Had to Take Sack a Few Thinss Yesterday and Wants to be a More Careful Han in the Future-The Deals With Morgan.

New York. Sept. 2I.-Geo. " F.--
 klns, vice president of the New Y.r.
 l-lle Insurance company and a rra-r-
 Der or the firm of J- P. Morzan a-r
 company was on the witness sam.
 before the special legislative commit
 tee probing insurance co.nuarf.--
 methods during the greater part ar r..-
 days session. When an adf1urunr...
 was taken he was still ol the stand
 with a number Of questions p-adfre
 10 ISpIy To, concerning which he ask
 ed permission to look up the record and submit Jranscripcions. Tbe-.
 was nothing Of a sensational crar4.--.- m the testimony today. the only dev--- opment of moment being the wines disclosure in the New Orleans Trse-
 ton syndicate, iu which the compau.- sustained loss Of over $500. 900.
 Edmund N- Randolph, treasurer ,.- the company, had been questIonrI rather sharply regarding this tr-iuss-- uoh when ne Was on JEe sand lr- week The matter was brought mn.
 when counsel Hughes attempted ta probe the collateral loan account
 The bonds of the New Orleans T--7r- ton company had been bought from the New York Security and Trr=- company al S5 and We're subsequently sod at 15- MT. Perkins testified thz- they Were sold on December sl f-l. 10 Fansh&we d Co. for Sss-.5ra. sfr Hughes found unGzr date oT Jan. G. lSO5, a loan of that amount ta Fl-- shave and company. and askeI ir tH. loan was made against thez. ba-a- This Mir Perkins said he would h1,.- 60 look up. and the question 1,. dropped for the present
 IL was brought out thsr T,s,- ?, Eff4u-aFTraT
 tan Life Insurance company. was C-r- ryinS running loan with the N-, York Life of S5O0G0 a- l-2 Der c=-- interest MT Perkins did nr. kao-. whether this matter came before tr- ilnance committee and also would look That up Witness could not exu.z.r why after the New York Life Hsr bought S4,000,0OO worth of bonds f-ss.-l J. F. Morgan and company. S2.G10 0rH worth should be sold back To rh.- firm at the same price within -v-s months and no minutes os the dnauce committee could be found GO exp.a5.. it.
 The transaction in the naviea-ia- syndicate bonds of December SI IGaa when MT Perkins Tor the New Yar-- Life sold co AIr. Perkins for J. D Morgan and company SSJu.0gg iu th--.. bonds. came up again when the vr-- rant for the check of SS15.2G6 v-s= produced. These bonds We're bought back by. the New York Life two dl-.= later and the S226. MT Perkins testl- lied. was for the adjuS-meu- of tls. MT. Perkins would na- --- Knowledge the transaction was a Irtu-
 The total dealings of the comrauy with the Morgan firm amounted tl S3S. .2S6UI5. with a profit of SsS4.-GS. .Es. The manner of the compauy's iulou. was for the present dropped. and tr. way of spending the money was prob-I The agency system of the company vC4- described, and at this time Vice Pras.- dent Thomas A. Buckner. who has charge of the agents was called n. stated that the total salaries of th- agency inspectors were S126.u00 an naIIy- Agency directors get an aver age annual salary of SS.O0U The lsr- ter receive about S1CO.O00 annually -r bonuses. Mir BUckne- was unable ts answer many questions without refer ring to records and will be caIIe,l again.
 Earlier in the day MT. Perkins hal been questioned on the joint account transactions of the New York LIf- which he was unable to explain last Friday relative to the Navigation b1rG= when he was asked if the object of tr- I transaction between J. r. Morgan .l Co and the New York Life Was to -.- move the SSO0,OOO bonds from the. fr- surance cOmpany's books and reduce. their holdings temporarily from So 100000 to $3s2O0.00J. AIr. Perkins an swered yes. but today said, -I did uac mean that l meant 10 say no"
 Before Mir. Perkins took the stauT John F. McCullagh of Albany. cle-S Tor Andrew Hamilton. was called ina an attempt to probe frIrr-1 her 7r-, rs-- xran poo check matter. but MT. McCuUaEl could not give any information ana was excused.
 The investigation will be resumg-f tomorrow.