The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-09-22
FIAT DENIAL IS
MADE BY TAGCARl'
Democrats Did Not ASK
New York Life for
Money.
THE MEMORY OF
PERKINS WAS POOR
j. P. Morgan's Partner, Yester-
days Chief Witness, Asked
for Permission to Look ss
Up Records Before
Answering Ques-
tions.
! {Ey Associated Press.l

N NffW YORK, September 21.--Char-
Committee, arrived In New! York to-3
day from Indianapolis. He denied the
statement made by President McCall. OF
the Now York Life. before the legisla-.
tive Insurance Investigating committee.
on Wednesday, that the Democratic Ma
tlonal Committee had solicited money for
the campaign fund from that concern.
N o member Of the national committee
or any agent OF the committee ever ask
ed Mr. Mccall. OF the New York Life for
dollar" he saad.
/" Mr.. Taggart added Neither the Dem
ocratlc National Committee nor any
other authorized representative Of the
committee ever asked dollars con.
tribution to the campaign fund from
any other Insurance company"
He said he did not come to New York;
to testify before the Insurance investi-.
eating committee. IT. was also stated
at the Investigation to-day to a reporter
that Chairman Taggart had not been
asked to testify. 8 e Il 4E s5 M
Look Up Records.
George W. Perkins vice president OF
the New York Life Insurance Company,
and member of the firm OF j. p. Morgan
& Co., was on the witness stand before
the special Legislative committee probing
insurance companies methods during the
greater part Of to-day's session. When
an adjournment was taken he was still
on the stand with number of questions
pending to reply to which he asked per-
mission to look up the records and sub
NIT transcriptions. There was nothing OF
a sensational character in the testimony
to-day, the only development OF moment
being the witnesses disclosure In the New
Orleans traction syndicate In which the
1 company sustained a loss of over $500 600.
Z Edmund ". Randolph, treasurer Of the
company had been questioned rather
sharply, regarding this transaction when
q l'a was on the stand last wee :.
A Sale or Loan.
day the matter was brought up
when Counsel Hughes attempted to probe
tha collateral loan account. Tic bonds uf
the New Orleans Traction Company had
been bought from the New York Sc
curIty and Trust. Company at s. and were
subsequently sold at Is. Mr.. Perkins tes-
titled they were sold on December 81.
1903, to Fansiaw & Co., for $9S7 800. Mr..
Hughes found under date OF January S,
+ lEUO, Il loan OF tIaL amount 10 E iuSItiWt
and asked him II the loan was made
against these bonds. This Mr.. Perkins
said he would have to look up and the
question was dropped for the present.
1t was brought out that John r. Heg-
man, president OF the Metropolitan Lifo
Insurance Company. was carrying run
ming loan With the New York Life Of
$4,000 at 1-2 per cent. interest. Mr.. Per-
Etrs did NOT know sWhet her his matter
came before the Finance Committee and
would also look that up Witness could
net explain why, after tho New York Life
had bought s4o0Oo00 worth Of bonds from
u. p. Morgan & Co.; 100000 worth should
be sold back to that firm at the same
price within two months and no minutes
Of the Finance Committee could be found
to explain It.
Sold to Himself.
The transaction in navigation syndicate
bonds OF December 81, 1908, when Mr. Per-
kins, for the Now York LIE. sold for
q = 1 HrT>l,l \ ID