The Montgomery advertiser., 1905-11-28
$7OO,0Oo OF CITY STOCK
tceatinuea From Page one.)

|
 the necessity of accounting for the
 profits and losses of the "Nylic" fund
 and Mir. Perkins said If he made any
 substs Lt;al losses. he would m 7ke them
 good, though not legally responsible
 for them. In concluding statement
 he said he had absolute control Of the
 investments about which he had been
 questioned and that they had yielded a
 profit of nearly $750,000.
 President John A. Mccall of the New York Life, was next called, and asked about the notes given by Andrew Ham, ilton. and which the New York Life paid them. He said Hamilton had $79,- 900 or SS0.000 from the New York Life in 1901. In six years he had about SS0,000 a year. In a talk with Ham ilton as to the cost of the legal bureau of the New York Life, F. E. Mccall estimated the average annual cost at $105.000. Mccall said he wanted to keep the expenses down to s2,000 a State and Canada. At the end of the year Hamilton said about $55,000 was due him on what he had paid out for the company. The New York Life paid the claims. President Mccall did not recognize any of the notes shown to- day.
 He said he requires no statement of MT. Hamilton of what advances he made. Tn 1898 Mccall made an arr rangement that Hamilton should have per cent of his disbursements. Ham, ilton was limited to $100,000 in dis bursements. His retainer was s10,000. Hamilton never rendered an account of his disbursements.
 "Why did you not settle this claim instead of through J. P. Nor gan 6 Cor" asked Mir. Hughes.
 He was getting $1S.000." Mccall re- piled. Tn 1909 we could not pay him and keep the expense of the legal department under $100.000 q year. I preferred to keep Mir Hamii- ton in control on his expenses. He got only $5o.O00 the next year."
 MT. Mccall said he was a trustee of the Central National Bank and had told the bank Hamilton was good for $50, 900. MT. Hughes asked why E. E. Mccall signed three of the notes taken up by J. P. Morgan G Co. Mir. Mccall said he could nOs explain it. MT. Hughes said the aggregate of the notes was $76.000 in excess of the sum paid was another matter which he could not explain.
 Could Net Explain It.
 MT. Mccall said he did not want to be bothered by Mir. Hamilton's notes, and so agreed with MT. Perkins to al- ow the steel syndicate profits to be lsed to pay Hamilton. By this plan also the deal was kept out of the edger of the New York Life Insurance Company. It was the fault of the | that the $59,31O paid to | oany's ledger. It was from this ledger | Inc report to the State insurance de- | oartment was made up.
 q never gave United States Sena- tor Platt a dollar in my life for the | New York Life Insurance Company" declared Mir. Mccall in reply to a ques- ton. Mir. Mccall did not know of any payment by the New York Life to my State campaign fund.
 MT. Mccall said he knew about the Perkins Nylic- Mexican Central deal. MT, Hughes asked how he justified the payment of the profit to Perkins for Svlic when the New York Iife furnish ,d the money He said he only knew hat Perkins had made a good deal of money for Nylic.
 MT. Mccall offered letters he had written to Andrew Hamilton. One was ent by way of the New York Life's gent in Paris. It included the Mccall estimony given previously and urged hamilton either to come here and give II accounting of his expenses or to able his Albany representative to l 1ake such an accounting. He did not { now whether the letters had been de- { vered. The New York Life had paid John A. ] ichoIs a retainer of $1,000 a year. ( IF. Mccall did not know how it began, { ut 1t was given to Nichols with the that he pay w. s. Man ( Ing of Albany half of it. The other t llf was to go to Nichols for making 8 le payment. Manning had a high { anding abong insurance men and was l tive at Albany. C Asked about the steel syndicate ansaction Mir. Mccall said it was al- gether likely that the New York &c., lrity and Trust Company used New ! ork Life funds to carry its end of the ansaction. He himself had a share
 that syndicate. Mir. Mccall said he ( sured in the New York Life. but got commissions on his policies.
 A Campaign Contribution. Mr. Mccall said one of Hamiltonss ties may have been campaign con- t