The Cairo bulletin., 1905-10-07
OF the Mutual Life Company
Drew Salaries That Reached
Into the Hundreds of
Thousands
KIN FOLKS pROFITED
AND RELATIVES or MccuRDY
AND OTHER OFFICIALS HELD
FAT PLAcEs.-No REC
ORD OF CAMPAIGN
FUNDS FOUND.

New York. Oct. 6.-In today's test!
mony before the insurance investiga-
tors the sensational developments oe-.
Cured when Attorney Hughes de-
mande1 the payroll Of the Mutuai's
executive of GERS.
This was produced and showed the
salaries of these officers since 1877
For 1904 President Mecurdy received
Sl5o,aa0i Two vice presidents S50.o0a
each; second vice president sl7,500:
third vice president $4,000. general
manager $4,000 who this year will
receive 100000; treasurer $4,000.
Robert McCurdy said he never
knew the salary of his father until to-
day when he heard ii read in the COM
mittee room. He thought, however,
there should be no limit to the salary
Of such positions, because they should
be in accordance with the accumuia.
tions Of the company
When asked if II was any benefit
to the .policyholders 10 Increase The
presidents salary. McCurdy said he
thought the trustees had cons dered
that when they increased the presi-
dents salary No increase, however.
had ever been considered when be
was present at the trustees meeting
Early today when MeCurly was on
the stand Hughes tried to bring out
Why G Fl Raymond and company,
| partners in thet firm received larger
| monuments from the business than
| any other agency.
Mccurfly said he did nor know what
Fhebaud resolved from the business
and had never talked with him about
i ilss personal affairs. He said 1t was
large reward for large ach eve
men.sN and that all businesses Of
large magnitudes were built upon thar
principle
| During MeGurdy's testimony II was
b~ought out thar George Raymond d
brother 6f Charles r. Raymond. WAS
/ hn general agent for New Jersey.
Howard Lewis, general agent for the
northern New York Life company
With an Office in Albany, was cousin
IF either Vice President GFanniss' or
Mrs. Granniss: Or F.. ] Nose medi-
cal dcectof Of the Mutual married 4
sister of the president OF the com
pany; r. Stnyvssant Pilot. inspector
of risks is a cousin Of Louis The.
baud, Ison-in law of President Me
Curdy and a partner of the Raymond
| 'irm, g. w. White. a secretary Of tne
company. whom McCurdy was asked
lbout, said he was no relative Of any
1ificer of the company but thar Mrs,
White was q niece of Mrs Granniss
wife Of Vive President Cram ss."
Al one point In the days testimony
much interest was manifested when
he expenditures Of the company were
AIKEN up.
An auditor Of the Mutual Life, q Al
Preller, was on the stafd and he was
'sked as 70 the method Of recording
he expenditures Ii was gathered
nat these were passed upon by al
expenditure committee Of which Rob
rt Olyphant WAS chairman
Three entries of books OF paymenr
o Olyphant Of $25,000 each were look
d into. but no informal on could be
, cleaned. Preller was asked about tht
,ampaign contribution 10 the Rspubli
! can congressional committee whict
which was disclosed yesterday. bu, h,
, said none had come under bis ohseFya
lion.
!. The $1,000 10 the congressional com
ntttee was looked for when thc lea
gers We're produced but no ~ ali
( iouFnment this afternoon this had no
/ 'ourncd until Tuesday