New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-05
INSURANCE FINANCE METHODS BROUGHT OUT.

tracing of the methods Of the great Insurance.
lobby that has been so frequently described as
existing al Albany and at other State capitals
BY close cross questioning he obtained from Mr.
Mccall the admission that there we're in many
States men iii a position to deal with legislative
measures in such fashion to exercise pressure
TO the extent of preventing the reelection OF
men acting counter to their wishes Mr.. Mccall
was not sure that those men could drive recalci-
trant legislators out Of politics but he admitted
their position would be seriously strained"
That the system reached TO the national Cor
gress Mr. Mccall admitted in testifying to the
employment of an agent to fight federal bill
solely because he a man Of very large ac-
quaintance- in Washington"
Apart from the legislative phases of his tes-
timonv the most amazing single feature of SIR
McCaIrs examination was his admission re-
garding the hitherto unexplained loan Of $oo.OOO
to John r. Hegeman. president Of the Metro
polftan Life Insurance Company. at a nominal
rate of interest Mr.. Mccall. apparently net
tied by Mr. Hughes's questions regarding the
reason for the loan of this sum at a nominal
rate of interest declared that he regarded the
interest rate as all right, and said with some
feeling that he had obtained a similar loan from
Mr. Hegeman at a similar rate This apparent
break was seized by Mr. Hughes at once
and the fact shown that Mr. Mccall. a director
in the Metropolitan. had obtained a personal
loan from this company of $1,000 $4,000 oc
il nearly three years ago. and that the rate had
not been raised until after the insurance agi-
tation had become pronounced When MT
Hughes attempted to emphasize an impropriety
in this proceeding Mr Mccall declared with
evident sincerity that he would have taken the
money al a lower rate of interest if he could
have obtained it.
The yearly salary roll of the Mccall family
drawn from the New-York Life was shown to
he S137.5OO. This was materially larger when
Justice f. e. Mccall was the counsel Of the COM
many as shown by the immense fees. amount
ing to S134 600 in a single case, received by
'Judge" Hamilton. who has done legal as well
as legislative work for the company since Judge
Mccall left it. Another interesting appearance
of the Mccall family was among the tenants OF
a New-York Life building at NO ~ west
7o5 - Tbis building cost the New-York Life
S2O3 O36: it pays an annual net income OF S41If-
Apartments in this building are OCCURRED Q.
John c. Mccall, Leo McCau, BallaId q N4sCaiL nToai
and Albert McClave. son-in-iaW OF PTeSi-
Jar+ Mccall The first three paid $1oOO IN 1SO4.
the last 81 700 Mr.. Mccall also testified to the
fact that he carried S3oopp Poilcy IN tne
N1oT-YorI, life. and was a policyhoder in the
Metropolitan. -, 49, ,,.lz
the role of inquisitor for the hrst une' ana un-
covered a vast mass or tecnnlCdl eNlaenCes
rar+icuIarIv important. as II showed the
buqe cost to the New-York Life In obtaining
,,o17. business Much stress was laid on the IacC
-. +I.ara should be some limit set TO the size
20 which insurance liabilities and business
IorId expand In the afternoon a law partner
- "Iudge' Hamilton. Neil F. Towner, OF Al
u +ostiaed that Judge Hamilton's returned
cbeCLs had disappeared, that he had searched
e. +her0 in obedience to the subpoena OF the
COMMITTED and they had vanished from the
IosI- where he had left them. He added the in
formation that Judge Hamilton would sail
from Europe for New-York tomorrow.