The free lance. (Fredericksburg, Va.) 1885-1926, 1905-12-14

F'-..s'ar il hnswsr Questions
or i uFaucs Probers.
20. wv a. -.comE's AEWcE

r3i wv A.. ..comE's AEVcE
.o.,c-t &, pycyi.eat Society Tells
How co., :-al Lcs:s.s2,-oo Through
conu,l u Frank HALEY, Who Fail
ed ard Killed Himself.
New YORK. Dec. l2.-The legislative
life insurance investigating committee
appears 10 have succeeded in its at
tempt TO make Thomas f. Ryan di-
vuee what Il. n. Hartman said or
threatened 20 do to influence him TO
divide his control OF the Equitable
life Assurance society District At
torncy ". +. jerome. WHO was asked
by the committee to take steps to pun.
ish Mr.. Ryan for refusing TO answer
the Questions about Mr.. Hartman. re-
p9-tcd 10 the committee that he has
informed Nj Hy6n's counsel that Mr.
RYAN ought 20 answcr Mr. Jerome
also wrote TO the committee that he
believes Mr. Ryan will answer II
brought before the committee again.
Mr.. RYAN. who bought SOP shares Of
The stock OF the Equitable last sum
rer AMI placed them in tust to be
voted by tr-eo trustees. o. whom Grow
81 Cleveland j. one. was on the wit
ness staal before the insurance inves
tigating committee last Friday lie
testified that on the day he got ross
session of tle Equitable stock = n
Hartman. president OF the Union Pa
cifc and Southern Pacific railroads
and a director OF the Equitable society.
asked him fer a snare Of the stock.
/ What NJ a. ,-,-n s-il to him to in
duce him t. part with that stock Mr..
RYAN refused TO tell the committee
The specific questions which Mr..
Ryon declined TO answer were.
oil SIR Hartman say there would
be any result injurious 10 your inter
ests in ease you refused To admit him
TO share in the ownership
did Mr. Hartman say that any ac.
ton on the part OF the legislature or
of any official. any officer OF the gov.
eminent should be taken in the event
that you refused to accele to his re-
/ quests
Mr. Hughes declined to say when
/ Mr Ryan will be recalled, but il is
presumed he will take the witness
stand today or tomorrow
The committee was engaged for n
part of the time in inquiring into tho
affairs of the Proyident Savings Life
Assurance society of New York. Mr.
Hughes had brought out by question
ing Edward W. Scott. president Of tho
company that when Frank F Hadley,
| of New Bedford. Mass. secured con.
tra OF the company in 1896 he Dor
rowcd sl62 600 from the company on
| his collateral notes TO pay up for the
stock OF the insurance company. Mr..
Scott testified that Mr. Hadley never
repaid those loans and that the In
surance company realized only 100000
on the sale OF the collateral Com
panics in which Mr. Hadley was inter.
ested failed and he committed suicide.
1T cost the insurance company just
1872 0o0 for Mr. Hadley to get control
Of il" said Mr. Hughes.
Besides the slG2.O0O Mr.. Hailey had
borrowed 100000 TO pay for the insur-
ance companies stock and had put mp
that stock as collateral Mr.. Scott
testified that he bought that stock al
auction after Mr. Hadley's death and
borrowed the money 10 do It from the
New York Security and Trust com
pany John A. Mccall president OF
the New York Life Insurance com
pany. Mr. Scott said. stood back OF
him in the negotiation Of the loan.
Other Witnesses have testified that
the New York Life controlled the New
York Security and Trust company
After he got control Of the company
Mr.. Scott said John A. Koran. broth
er-in-law of John A. Mccall. was MAD q
comptroller OF the Provhent Savings
Life Assurance company at $4,000 a
year. Mr. Scott testified also that his
four Sons and a nephew are employed
| by the company