Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1905-10-05
PRESIDENT OF NEW YORK LIFE
SAYS LEGISLATORS PERsE-
CUTE COMPANIES.
DENIES WAR TIME STORY
Insists That His Company Was Not
Partial to Spanish Soldier Policy
Holders and Opposed to American
Fighters Engaged in Struggle of
1sss-Hyde Will Give Testimony.

New York, Oct 4.-John A. Mccall
president of the New York Life Insur-
hnce company, was again before the
legislative committee investigating the
life insurance companies today. In a
statel.ent on the general legislative
experience Of his company Mccall said
that three-Quarters of the bills on in
surance legislation introduced into the
various state legislatures are black
mailing bills.
Not Partial to spaniards.
Mccall denied that the New York
Life Insurance company Disseminated
against American soldiers in the Span
fsh war. 1t was alleged recently that
the New York Life at the outbreak of
the war made liberal terms with Span
ish policy holders who might serve as
soldiers than it did with Americans
in similar circumstances.
Hyde Called to Stand.
\ For the first time since the legisla-
tive insurance investigation began,
James Hazen Hyde, former vice presi-
dent of the Equitable society, is to-
day within the boundaries of the state
and subject to a subpoena to appear
before the Armstrong committee as a
witness. He acted as an usher at the
wedding of his friend and protege,
Henry Rogers Winthrop, who was
united in marriage to Miss Alice Bah
cock at noon yesterday at Stowe
house, Roslyn, L l., the home of the
brides father. Although Attorney
Charles E. Hughes said he had no
doubt that Mr. Hyde would voluntarily
f0 a %N ~ -
reported that a process server went
to Roslyn, intending to serve Mr. Hyde
with a summons from the Armstrong
committee at once.
Hyde Will Appear.
Samuel Untermeyer, counsel for Mr..
Hyde, last evening addressed let
ter to Chief Inquisitor Hughes of the
committee, in which he said that the
young former vice president, and con-
trolling spirit of the Equitable Life
Insurance society stood ready volun-
tarily to appear before the investigat-
ors and answer questions.
Winthrop Appointed by Hyde.
Mr.. Hyde and Mr. Winthrop are old
and close friends. 1t was Mr.. Hyde
who appointed Mr.. Winthrop to the
pOolIlOu VI ullduCldls uldudSSI Ol lQG
Equitable Life Assurance society upon
the retirement of George H. Squire
from that office.
Just when the committee will wish
to take the testimony of the former
vice president of the Equitable is not
known.
Blow at New York Life.
Carson, Nevada, Oct. 4-State Comp
troller and Insurance Commissioner
s. P. Davis has revoked the license of
the New York Life Insurance company
in this state. The following telegram
was forwarded to the New York home
Office by the comptroller:
John A. Mccall: Pending the in
vestigation Of the corrupt manage
ment and fraudulent disposals of
funds intrusted to your company, and
as long as yourself and George Per-
kins retain offices of trust in the man
agement of the New York Life Insur-
ance company, the license of the com
pany to do business in the state of
Nevada is hereby revoked. Upon ad-
vice of change of management and
satisfactory proof of honest manage
ment the license will be reissued"