The daily morning journal and courier., 1905-09-30
ANOTHER SENSATION AT INSURANCE HEARING
BIG COMPANIES IN POOL TO
 CONTROL LEGISLATION OF STATE.

Equitable, Mutual and New York Life
 the sIemBers-Faet Disclosed by Ai-
 fred ". Maine, an Associate Auditor
 of the EquitabIe-Andrew Hamilton,
 to Whom President Mccall Paid Sew
 eraI Checks for Purpose Yet Unre-
 veaIed, One of the Chief Members of
 the Legal Stan.
 New York, Sept. 29.-When the legis- lative committee on the insurance in vestigation adjourned to-day until next Wednesday it concluded a week in which greater progress had been made thain in any week since the investiga- tion was begun. The testimony of witt nesses that have been called during the week has been replete with sensa- tions, and that taken to-day was no exception to the rule.
 It was during the afternoon session to-day when Alfred w. Maine, an as- soeiate auditor of the Equitable Life ! Assurance society was called to tho stand that it was disclosed that the Equitable Life, the Mutual Life and the New York Life companies had formed a pool to look after Legislation before the various state legislatures. Andrew. Hamilton, to whom President Mccall of the New York Life paid several checks. the purpose of which the counsel for the committee, Mr. Hughes, has not yet brought to light, was one of the chief members of the legal staff for these companies, and was employed and received money for services from the Equitable. MT. Maine told of the divi- sion of the country to be looked after by MT, Hamilton in conjunction with E. F. Short and W. F. Thummel. Witt ness presented vouchers for payments by his company to MT. Hamilton, and these showed that in eight years, from 1895 to 1903, the sum of $65.596 was paid to MT. Hamilton for legal services.
 MT. Maine could not give any de- tails of the duties performed by MT. Hamilton, nor of the committees he ap- peared before, beyond the fact that MI. Hamilton looked after legislative mai ters for all three companies in the states west of Ohio.
 The witness told of an agreement
 Whereby special counsel was employed lby one company in it's territory, and the expense was shared by all. He was asked if campaign contrihmtln caua- under his observation and he rAnIiaa I they did not. He never heard of ,1loneSs being paid to influence legislators. Ha was excused but will be called again to submit transcripts of accounts giv- ing information he was unable to SUD- ply to-day.
 MT. Maine was followed in the aft ernoon session by Edward I. Devlin. the real estate manager of the New York Life for the United States and Canada, MT. Devlin was called to tes- ttfy as to the cost of the company's building in Paris. He had only the transcripts of the reports this depart rnent made to the home office, but it was brought out that the Paris build ing was carried on the books of the company at 8 valuation of $1,1O2.6 .6O4.
 Whereas with the original cost and inn provements on the building, actual
 money to the amount of $2,53S,1O4 was paid, over $1000,000 being charged off the valuation on the books. of the com pany MT. DeVlin said the net income
 on the building to the New York Life
 was one and one-half per cent on the actual amount invested in the building, or between three and three and one-laalf per cent on the amount at which the building was carried on the books of the company. MT, DevIin was on the stand when adjournment was taken, and he will be called again to
 submit transcripts of the records to supply further information.
 Not the least important development of the day was the appearance on the lsstand of Jacob H. Schiff, head of the banking firm of Kuhn, Loeb & Go. MT. Schiff was the first witness of the day.
 and he remained on the stand until 2 o'clock. Most of the time MT. schifn
 reclined leisurely in his chair on the
 witness stand, but as one point after
 another was brought out he grew ex- cited, and vigorously defended his atti. tude while a director of the Equitable society, and claimed his firm has acted in conscientious manner in all it's dealings with the society.
 At the conclusion of his testimony. and before the committee could ad- journ1 MT. Schiff asked to be allowed to make a statement. He was permit ted, and he stepped brisl1ly forward on the platform toward a small table and made an impassioned attack on the state superintendent of insurance for
 statements he had made concerning
 Kuhn, Loeb & Co. during the fnvesti- gation of the Equitable MT. Schiff emphasized his remarks frequently with rappings on the table and at times Continued on Sixth Page)