The sun., 1905-11-25

,
Hughes ordered him to bring the entire
file before the committee.
A MISSING $500
N,tt;son raanneared hofore tho oo,,-
mittea ohout ffteen minmtaS Ioter vith n
mindle Of naners undar his arm Mr
Hughes picked out a letter written by l..
Carroll Root. a secretary Of the New York
Security and Trust Company to Treasurer
Randolph of the New York Life on Febru-
airy 49, 1902, which was about year prior
TO the date OF the Webb letter The Root
ettei sa'n III pa'',
We nave Received from Messrs' D. r. Nor
gan Co., syndicate managers. a payment
of per cent, on account of the United States
steel underwriting. of the interest in this
syndicate allotted to us 8? 100000 was by
agreement between this company and the
New York Life Insurance Company to be
carried for the latter company. From this
account. however SIS 900 was subsequently,
allotted to Mr. a. G.. Payne, upon instruction
from Mr.. George W. Perkins, leaving an in
terest of 81, ,3I5, 900 to be carried by us for
account of the New York Life Insurance
Comnarv. Tuder the terms of the aVroc-
rnnnt rnferred to in consideration Of certain
.,u'. ,,i,'an hy tiIs con,nany w., sra
~ ,.aai,,, - mar cart nr tba ,,r,Gt ON this
a, ~, ono
A. u; fayne Is trustee OF the New 1ork
LIE. ne Ne" lprk ne Pttr'ssei1a16oh s5a a6o a.
as s.a'eu III .''e =, s'ooVu ~
iatar in tba Wabb Iettar 'oN
~ EaIr,nry 81 1000 Saorot,rr Root
,,,rota ~ 10 ,rao.,,ror;s Jonortmanf of tba
Wrote 10 lhe treasurer department OF the
New York Life as follows;
I'ENfLEMIN; We Drs 10 ackho"IeuHe re-
r re ~ ,yhInh hn
In,,ad 20 Nr porl,ins and vybicb 90 can,
,.a,' IN w. ,rri,' ''
you III e'F'r' i"uls ltu'E, s,----.
h' 'Ahh'LL hooI' secretary
Another letter. on May IL, 1892, written by
the secretary of the trust company, records
the payment of Ss7l87 so to the New York
Life a. profits on the interest which we
are carrying for you" on August 10 of
of equal amount with the same understand
ing-that the trust company was carry
ing the New York I.fe's interest for them
s5a 600 To Jrncp uAM1IroS
The lattar dioolosing tho ,ayront of
ssa nNo 70 Iudge 1ndy HamiItnn omt ~
~ @ iiaIo IfoG, = ,,,,s ,,r;t,an ~, la.
r Kelier second sacretarv of the New York
Security and Trust Company, on October
], 1902. 1t also was addressed to Treasurer
Here it is:
DrAR SIR. We beg 10 hand YOU herewith
due the New York Life Insurance Company
out of the dividends of per cent. upon an
interest of s2.3!i.0m in the United states
Steel Corporation syndicate. which We are
carrying for you.
The amount is arrived at as follows:
Five per cent. on s?s?5oOo .......... sll625ooo
Less one quarter share to the New York
security ana trust company '.'.'''.' ss'oo2.0
To,ol ss7,s7 80
Less amount deducted account Of Mr.
Andrew Hamilton, per cancelled
ssIatsmeHn' t snd arrangement MADE with .o ,,o -
"'' w. W '' ' :"
Balance s27s78n
Yours truly. JAMES C.. KEiIFR,
Second Assistant Secretary.
Then the S59,3lO.79 out of the profits
in this letter of October !, 1902 as pay
able to the New York Life Insurance Com
pany. was not" said Mr.. Hughes, paid
to the New York Life Insurance Company,
but was paid 10 Mr. Hamilton?"
The letter so states" replied Mr.. Mat
tison.
And" continued MIR. Hughes, so far
as you know that payment was made direct
by j. P. Morgan & Coz"
Il do not know, MIR. Hughes" was the
1T did not come through the New York
Life Insurance COmpany's books?
at did not
This statement referred to in the letter