Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1905-12-28

New York, Dec. 27. - Emery
McCllntock was elected vice pres
ident OF the Mutual Life Insurance
company today.
The board of trustees voted that
all commission agencies be abol-
ished after January / and all
agents be put on the salary basis.
New York. Dec. 2T.-John G. Nc
Call, secretary of the New York Life,
insurance company, who a few DAYS
ago returned from Europe where he
went to get an accounting of the
money advanced to Andrew Hamilton
was the first witness in the insurance
investigation today.
Hamilton Cannot Travel,
Mccall said he saw Hamilton in
France and presented a physicians
certificate describing Hamilton's ill
ness and stating that the patient could
not undergo voyage nor leave France
within two months.
Statement Put In Evidence.
Mccall said he asked Hamilton for
his check books, but Hamilton refused
to give them up, saying that the stubs
related to his own personal business.
Mccall did. however, get a staten ent
from Hamilton regarding the expendi-
ture of the funds entrusted to him by
the insurance companies. This state
ment was put in evidence.
No Demand for Vouchers.
Hamilton in his statement tells why
he cannot produce vouchers or can
celled, checks to show to whom and in
what amounts he paid out the money.
The statement is to the effect that in
consequence Of the accepted under
standing of the companies interested
with the New York Life in watching
Legislation, no demand was made by
me for vouchers from other people,
nor were there any books or accounts
kept by me covering the same, nor are
there any of my checks to produce.
Checks Were Unpopular.
Payment by my check would nee
essarily have disclosed the fact that
the person receiving the check was
under retainer by me, and would thus
have necessarily hampered that por-
ton of my work that was most effica-
cius, namely absolute secrecy. Cash,
drafts and certificates were generally
preferred. cannot produce my check
books or cancelled checks which re-
late to the affairs of other than those
of the New York Life Insurance Co.
Says Demand is Not Fair.
Il cannot produce any books of these
particular accounts because none were
II b,,n
them, it does not appear to me that the
demand for them would be fair and
honest one
"The understanding that l had un-
dertaken this work was distinct and
thorough Ii it had not been so, /
would have declined the task"
Honest Men in Legislature.
Hamilton said that confidential Sc
cret service was decided upon as the
best plan for protecting the insurance
companies against hostile legislation.
He gives long summary of the vari-
GUS styles OF bills introduced or con-
templated in the various state legisla-
lures inimical to the insurance COM
panies, and he says he found in every
legislative boiysas large a proportion
VI uOueSL mel dS III dlly Douy OI Hleu
in any walk Of life Hamilton offers
to place 100000 with the New York
Life pending me settlement of his ac-
count, and any sum which it may be
found he owes the company may be
deducted thepfrom.
Postscript.
He says he wants it thoroughly I'M
derstood that not a dollar of the funds
intrusted to bis care by the New York
Life has ever been used for improper
purposes or any way that trans
gressed the sntutory or moral laws.