The Providence news. (Providence [R.I.]) 1891-1906, 1905-12-27
M'CALL PRESENTS
STATEMENT OF HAMILTON
CONTINUED from Page one.)

Hamilton. IN his statement. tells why
he cannot produce vouchers or cancelled
checks TO show to whom and on what
accounts he had paid out money.
Mr. Hamilton's statement is to tho eff
feet that "in consequence Of the accepted
understanding OF the companies interested
with the New York Life I'm watching legls-
lation no demand was made Of me for
vouchers for other people nor were there
any books or accounts kept by me cover
ing same"
1t continues: "Nor are there any of
my checks TO produce. Payment by my
check would necessarily have disclosed the
fact that the person receiving the check
was under retainer by me and would thus
have necessarily hampered that portion OF
my work that was most effacious namely,
absolute secrecy. Cash. drafts and GER
tifcates were generally preferred. I eau
not produce my check books or cancelled
checks. which relates to affairs other than
those OF the New York Life Insurance
company. | cannot produce any books
OF these particular accounts because none
were ever kept by me. Even l did possess
them il does not appear TO me that the
demand for them would be n fair and
honest one The understanding that /
had in undertaking this work was dis
tinct and thorough. If It had not been l
would have declined the work.
EXPRESS REGRET.
Mr.. Hamilton made his statement, eX-
pressed his regret that he cannot return
to the United States at present, because
OF his health His trip abroad be de-
clared. was begun before the resolution
creating the Investigating committee.
was adopted. At the time OF his employ
ment I'm charge Of the bupreau OF taxa
tion and legislation OF the New York IIre,
the life insurance companies feared that
unless concerted action was taken rney
might be practically legislated and tax
ed out OF existence.
''rhe usual custom Of depending alone
upon counsel TO attend and present argu-
ment was determined to be insufficient" "
said MIR Hamilton. THE very fact that
the interests OF the New York Life favor
ed or opposed pending legislation would
itself often concentrate the opposition
against their views, so likewise did the
knowledge that we were represented at
the capitols OF various states lead to de-
mands that political favorltes should be
employed In the role OF counsel, which.
IL acceded TO. placed our affairs at the
mercy of those who did not possess our
confidence -TheSa-aId- other -eoasidera-
tions led the three companies TO but one
conclusion
CONFIDENTIAL SERVICE.
We felt that II secret service was q
permissible governmental agency, n con-
ndential service would be the only effec-
tive and at the same time proper to guide
the welfare Of the most extensive COM
mcrcial interests I'm the world-the life in
surance business OF the state OF New
York This confidential secret service was
decided upon as the only feasible plan
OF potectlon. l explained 10 the presi-
dent OF the New York Life insurance com
pany as did other gentlemen who were
associated with me I'm this work TO 'he
office OF their respective companies. that
itemized accounts by names or amounts
b. separate vouchers, details or specific
fglrcr were not 10 be demapded 81 we
were held responsible. The protection
OF the companies under such plan was
ample