The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1905-09-16
Large Sums Into the Republican
National Campaign Fund
Did the New York Life
Insurance Co.
SAW PERIL IN PARKER
AND A DEMOCRATIC ADMlNlsTRA.
TIoN AND FOR THAT REASON
HELPED ELECT RooSE.
WELT - GREAT SEN.
SATiON IN INVEST
iGATlON.

New York, September 15.-GeorgeI
w. Perkins, member of the firm of J. |
p Morgan and Co., and first vice
president of the New York Life In
surance Company, was the star wit. |
ness at today's session of the legisla-
tive committee investigating the life
insurance companies methods.
The climax of the day came when |
Perkins was asked concerning an en-
try Of $4S,702 in ledger marked "or
dered paid by president"
Randolph, the treasurer of the New
York Life who had been on the stand |
earlier in the day, had been sharply |
questioned as to the purport of this
entry, but he was unable to explain it. |
He thought no one except the presl-
dent could. Perkins had been called
to testify as to some other transactions
and was asked to produce the check
II was maie out payable to j. p. Nor
gan & Company, and Perkins frankly
stated 1t was a contribution to the
| National Republican Campaign com
mittec, and had been paid to Corne-
lius N. Bliss.
Perkins said: This payment was
made after very careful deliberation.
| 1t must not be considered an ordinary
contribution to the campaign fund,
1T was paid because we felt that
| the assets of the New York Life In
surance company would be ieopardzed
j by democratic success"
i Perkins said that contributions were
i also made in 1900 and In 1896 AS an
1 ILLUSTRATION, the witness said. the first
contribution made was in 1896 by Pres
ident Mccall, who is democrat He
contributed TO the Mckinley campaign
fund and voted for Mckinley because
he felt it was in the best interests Of
the policy holders of his company"
/ This bomb caused murmur Of con
versation about the room which had
become packed with spectators. Stand
ing room was at a premium, and every
one bent forward to catch the testi-
mony. This was hardly necessary, for
Perkins spoke distinctly in very au.
dible voice.
He paced the small platform upon
which the witness chair Is placed,
just before the committees rostrum,
and accompanied his explanations
with earnest gestures, often times sug-
gesting questions to the counsel
Pursuing the check inquiry further,
Hughes brought out that this expendi-
tion Of the finance committee, and the
witness terming it purely execu-
tive action
1t was charged against the cash on
the books Of Hanover Bank office
or financial department The witness
dill not know against what account the
I other contributions we're made, but
said he would furnish The data
Senator Armstrong made further in
quiry about the $4,000 check to the
! campaign fund. He asked:
How came the check to be such al
I. odd amount"
I II don't know exactly except thai
, Bliss had asked for $4,000"
Were you in position to know
!, asked Armstrong
! Il don't know, that's a question tha
], ought to be looked into In all cam
. pagn contributions | believe the full
est publicity should be attached. The,
y ought to be publicly known and there
i ought to be law passed to that ef
\, feet"
'ls there no self.restraint allowed
officers in these campaign contribu
tiens?"
None that know Of | think W,
have right TO leave the matter t,
the Judgment Of the officers"
IF the president out Of his own "a
m ecutivo authority without refcrenc,
n. TO he finance committee pay out sue
re large sums as these, how do they eve
" come before the officers OF the con
u pany?
,e Il have said the finance committo
rs has been no authority over the agenc
TX accounts and the general expense.
think there should be a broadening q
this authority"
Perkins then went on TO explain hi
connection with both concerns In va
)e ious financial transactions. being que
q toned particularly az to the sale
~ made by the New York Life ami
III r, Morgan and Company to each othc
~ This line OF inquiry occupied the n
mainder OF the session.