Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-10-17
WOULDN'T ANSWER QUESTIONS
assisted that Information Sought
Should Come From the Actuary
and Not From Him.
U1RYlNG TO PROVE NE A FOOL
"glthout Commenting on that which
Is Obvious said Hughes, He Asked
Him About The Mutull's Business.


New York oct 1i--Wth Richard \.
ucCmdy. president of the Mutual Life
Insurance company and James H.
HYDE former vice president OF the
Tautabla Life Insurance society i'm the
rrv ready TO be called as witnesses,
tbe legislative committee appointed 20
investigate the insurance business, re-
summed rs sessions today The CONF
mltteo adjourned last week as a mark
OF respect TO the memory of $. Fred.
Nixon. sneaker OF the state assembly
llr. HYDE has noj been served with "a
subpoena, as he has notified the COM
mItise that he is ready to appear any
time be IS wanted and To- answer all
questions uureseryedy,
The committee has also been notified
that william ii. Mcintyre formerly
fourth vice president of the Equitable
company who has been absent from the
Ctv win return shortly and be At the
Investigators disposal
Lawyer John b.. Stanchh,ld, Of Elmi-
a. who was the Democratic candidate
for governor OF New York In 1900, was
IN de committee room when the ses-
sion opened. II was reported that he
had been retained by the Mutual Life
nUr nee company.
Richard \. McCmdN president OF the
Mutual Life Insurance company was
the first witness today
STATEMENT or MUTUAL ASSETS
Before the witness was called james
MclIeen, associate counsel To the COM
mItico put I'M evidence for the records
statement OF the assets Of the Mutual
LIE Insurance company and Of the
banks OF England. France and Germa
n.y. James w. Beck, OF counsel for the
Mutual Life Insurance company laimed
last Tuesday before the committee that
the assets Of the Mutual Life exceed
ei the combined assets of the banks Of
England France and Germany
By cable Mr.. Mexican said he had as
tsNaned the combined assets of these
Institutions We're &,22651Ai25 while
those Of the Mutual Life were Sll0,97S-
S'l Further said Mr.. McKecn, he had
found the salary of the president Of the
Bank Of Germany to be $4,000 per an
nun and that Of the chief governor Of
the Bank Of England TO be $4,000. He
had been unable to ascertain the salary
Of The president OF the bank or France
McCURDY's EXAMINATION.
The examination Of MI McCurdy was
then begun, he being questioned first as
10 Advertising A clipping from mag
szlre for October 1905, was shown him.
lie said e was an advertisement set
ting forth tina uINanfuUae ~ his r,fn-
lanT Witness never saw the adver-
isement before In his life. He had no
more knowledge OF what advertising his
company puts out than the casual read
a. This was the business of the adyer-
u,Ine department., he said,
Mt Mrouriy aid not know whether
rome one In the Mutual Life Insurance
cgnpauys offices received the coupon
ouacnad 20 forward 10 the company for
iuller Information or whether the
coupons went TO c. II. Raymond & Co..
Ue metropolitan agents OF the Mutual.
mr. Hughes announced that the COM
loI.loa had received q large number of
lellels relative 10 the dividends on the
policies Of the Mutual Life Insurance
company Some Of them Mr.. Hughes
I'al lo the witness, saying those he
gag were from pollcyholders In New
lo't CITY. one writer who had taken
Guy policy N 1855 for $4,000 on the
t"!!oNment life plan said bis dividend
~, ',O was S5j76. In 1881 I. was cut 10
VI lN9l lt was reduced TO $50, and
XIV 20 49, This, he writer said, was
."' race of the reserve increasing
year otter year.
hCuRDYS WRONG WITNESS
r IE Nccwqy said Mr. Hughes had
sl,. MloHs witness. II was the actu-
,,T, i,e salu who looked after the call
,"Itipp Of dividends Had ne been
bottled a day ahead he would have
p'gn fortified with this mformatIon.
lr McCurdy complained thar This
,n.'esusation was getting outside Of
n4al was contemplated when the com.
',,.''o was appointed by the leglsla-
h'g ne said he understood his was to
~. "" examination Of Insurance meth
% nor an tnquisition.
ds.s hughes replied that It was in
W.. am Inquislti0n.
a.. WV VIII have occasion TO call your
,.,.'"ry' but you have been I'm the in
,,.N. business for 40 years and 7
,,l 10 learn what you know about
'Hy company said Mr.. Hughes.
sf-5'oEui are It's president and receive
fc. p m salary want to learn
'' what you're responsible"
LOSES HIS TEMPER.
II. l 10Y. are trying to prove me a fool"
"o witness retorted.
,e w Mloul commenting on that which
10 u' lous, let me ask YOU 10 tell Us
ill.,, l' pest Of your ability some Of the
g's on which your company Is con.
SAID Mr.. Hughes.
,,'i McCurdy insisted that HIS actu-
di.t5.ug7l answer the questions on
r,51,.,e9as paid and how they are cal
,I..'e9' lie declined 10 enter any ex.
bott.a..lo4 further than that tho policy
r.ta GooVe referred to had q reduced
Va. McCurdy said IL copv OF tho
4. g'y.nlool,dcr's letter was furnished him
'''1 nave the matter looked up.
DECLINED TO ANSWER.
"a, H. hughes said the reason ne took
en-, 'g'' subject with Mr.. McCurdy in
uuri,. vi tle nctunry was that Mr.. Me-
ur.s Had submitted q great many FIX
OF A. snow the increase in the salary
bros e witness was duo TO the great
crrip,g.H'y OF the company. Mr. Nc
o,,'s many times declined TO answer
Vons by Mr.. Hughes.
". you want your discussion. sof1
s,,o,, iubhe" III YOU say you don't
wv" not expect an answer"