The daily morning journal and courier., 1905-10-06

territory in the country under which the three companies looked after legis- lation affecting insurance. interests, and said that the Mutual Life had pa1d out in 1903 about $15,OOO for legislative work.
 It was at this point that Robert H. McCurdy was called. He had a num- Der of documents in his hand as he mounted the platform, and when he had been sworn testified that he was the general manager of the Mutual Life Insurance company. His powers, he said, were delegated to him by the president and vice president of the company His duties, he said, were principally confined to the supervision of the agency system of the company in this country and abroad. Like MT. Perkins of the New York Life Insur- ance company he appeared to be the
 nefactor that built up the foreign bus mess of his company. His salary, he said was $30,000. He had 8 typeWrit-
 ten statement of his career, which he
 asked permission to read. This detail-
 ed his various compensations, con- tracts and commissions. There were a
 number of reductions in the. commits sions, which, he said, were made at his
 own request, owing to the unforeseen
 success of the foreign business. This foreign business was inaugurated be- cause of the success attained by the New York Life Insurance company and the Equitable Life Assurance society. MT. McCurdy started this foreign l business in 1885, and assumed the of flee of general manager in 1903 at 8
 salary of 5000
 The most startling part of MT. Me- ! Curdy's testimony was made just ue- fore the recess, when he submitted a statement of his profits, or the revenue l from his contracts, on the foreign bus | mess of the company From 1886 to | 1902, while he was member of the l firm of c. H. Raymond & Co.,, the met
 ropolitan agents of the Mutual Life In- | surance company, his profits were 1 $209, ,123. Under his contract with the firm he paid one-half or $104561, to
 Mr. Raymond, and from 1893, when he
 left the firm, down to August '31, 1905, l his commissions were $1,059, ,267, mak- ing a total personal revenue from the | foreign business from 1886 to 1905 of | $1, ,163, 1929.
 I During the period of his connection with the firm of c. H. Raymond & Co.,, Mir. McCurdy, according to his own i testimony, was receiving his share on the profits of the business of the con- l pany written by his firm as the metro- 1 politan agents. This sum MT. McCur- dy was unable to give any estimate up-
 on, and later in the day, when Mr. l Raymond was called, 1t was brought out that these profits to MT. MeCurdy amounted to $541,852 net, or after his share of the expenses of the firms profits had been deducted. This made
 a total of $1,705,6S1 that MT. McCurdy received in commissions.
 In 1893, when MT. McCurdy retired from the firm of c. H. Raymond & Co.,, he was succeeded by Louis A. Thebaud, l a son-in-law of President Richard A. 1 McCurdy of the Mutual Life Insurance company. He was practically under the same contract as Robert McCurdy, l and from 1893 down to 1904 he receiv-
 ed in commissions on first premiums
 and renewals the sum of $920, ,113. All 1 these amounts were in addition to sal
 aries paid MT. McCurdy and Mir. The ] baud.
 Charles H. Raymond, who was called to the stand to supply the figures of
 profits that MT. McCurdya was unable