Evening journal., 1905-12-27
HAMILTON TELLS
OF HIS ACTIONS
continued from First Page)

The statement in part was as Follows:
The known presence OF a corporation
represented at legislation halls, IS n
signal for renewed Vigor n the attacks
" blackmailerS. and cranks. and un-
'ortunately members OF dhe legislative
,ody are frequently deaf 10 reasoning
where a non-voting or conpoIate in
.erest is at stake.
The relations, therefore. of The people
" the various states Of the union. who
ire employed for the purpose OF defeat-
ng legislation ard taxation hostile 60
he interests OF the policyholders OF the
New York Life Insurance Company.
must Of necessity. be mainly conh-
ienHal and private, as was stipulated
IA our employment. As a result much
IS avoided many movements that
Mould otherwise he unknown until they
oecarne public property, are learned OF
and suppressed in advance and they
are thus more discrectiy provided
against Ruevention is again proved
nefein 10 be bebter than cure. Where
It becomes necessary. we have often
occasion TO employ the columns of the
oubys press for a discreet advocacy OF
.heir views. This method has bccn
also becn found TO be very expensive.
Pledges in advance obtained throuRh
nnnential persons leave Us free to
parry attacls from quarters not SO well
frote1tcd Not long ago. in a distant
.ity. n well conceived scheme 10 change
a tax bill so that it would cost this
,onpany S6o.000 annually iu place OF the
100000. ahd. OF course other companies
n like proportion. WIS developed over
eight and backed by the state ofiicials
because the state needed the money.
My represententative. however, being
On the ground unnoticed, defeated tbe
measure wtth ahe same celebrity with
which It was developed.
My various representatives in the
several States must be people who are
in touch with every movement and who
ran learn OF every change in time 10
adv.se me and 60 receive Instructions.
Such services as these cost money, and.
! have found M more economical 90.
employ the best man or the best men,
bscause the savings thus effected 20.
the policyholdere OF the company repre-
een,s anywhere fro five TO one hundred
tin,es the amount paid these represent
ativcsg"
Hamilton states that emergencies de-
mand close attention and to give these
proper attention he makes personal
visits from time 60 time 20 every state
in the Union. state insurance depart
nients. he says also receive attention,
as do Canada. Washington and the Ter
ritories
Congressional revenue materials and
Also Congressional action looking to-
wlirds a national supervision Of lnsur-
judge Hamilton takes occasion 70 say
that ne is a great believer that prac-
ticaliy the salvation of the policy hold
ers OF life insurance companies rests
In national supervision or Federal con-
trol and that he has incurred consid-
erabe expense in creating a sentiment
IN its favor
Easy to Defeat Blackmailers,
In conclusion of his summark work
required in his department Judge Ham-
ilton says:
~ have found In nay work that In every
legislative body in the United states there
was a large proportion of honest men as
there is IN any body OF men In any walk
OF life. Permit me also 10 state that an my
work ] have not found it SO difficult TO
defeat blackmdilers"
lie also AYERS that the best years of
his life have been DEVOTED 60 this work
OF using every proper method for de-
feating legislation and taxation hostile TO
the interests Of policy holders .r.
He adds that the lnjunctlons Of trc
president of the New oYrls life were al
ways Enthusiastically explicit that his ak.
pcnditures and his worl, were 20 be SON.
hded within the limitations Of the law Of
the land
Talks About Expenses
Getting down TO expenses ANA account
Ing Judge Hamilton said n have noted
the demand for the President for an &c.
counting of the various moneys that hnve
been paid TO me by the New york LIE
Company
No Demand for Vouchers.
In consequence OF the accented un-
derstandng by this company and bv
the other companies represented in the
joint undertaking as to the manner IN
which disbursements were TO be made
without vouchers other Than my own.
no demand was made by me for vouch-
ers from other people. nor were there
any books or accounts kept by me
covering same, Nor are there any of
my checks. Payments BY my checks
would necessarily have disclosed the
fact that the persons receiving the
check was under retainer by me, and
would thus have necessarily hampered
that portion Of my work that was most
efhcacious. namely. absolute secrecy.
Cash. drafts and certificates were gem
orally preferred. I cannot produce my
check book, or cancelled checks which
relate TO matters other than the New
York Life Insurance Company.
cannoa produce any books of these
particular accounts because they were
never kept by me. These with nv
own compensation, Is the only account
ing I can give Of these moneys. This
review Of closed and accepted accounts
is s,entirely voluntary on my part and
is made at this time because I do not
want TO embarrass either the president
or the board OF trustees Of this COM
pany."
Amount Spent.
A table appended shows tho following
expenditures from 1899 20 1905:
1893 ..... -. $500. .S16.050
1900 -.. ..... -. s93.90O
1901 QIuT 0O0