New-York tribune., 1905-11-24

scribed as ADVANTAGEOUS" Before he had half
completed his testimony Mr.. Manning made it
clear that the adjective might as well have
been applied to the Santa Claus of childhood
AS has been the usual result before the COM
mttee when two men under oath testified to
the same matter, Mr. Mannings account of his
relations with the insurance companies was
strkingly different from that sworn TO by MI
Nichols MI Nichols declared he had received
Sle1O year for many years fri m each of the
HBg Three" Life insurance companies, and out
Of this had paid Mr.. Manning S135O, and at
some times SI-3JQ Mr.. Manning testified that
he had never received more than %450 a year
and latplg only $500 Mr., Nichols viii probably
be asked TO come back and clear up this discrep-
Gnoy as we'll as another concerning the Use he
made Of SIS 100 received by him in three pay.
mentg in 1855. 1881 and 1890
The mystery Of Nj AIannfng'6 hostility TO in
surarce companies that made necessary the in
fuence of Air Nicho1ss soothing interposition.
Mr. Manning explained with great readiness and
with geniality that quite laid at rest any
sinister charge about his good nature made
hitherto The Miller legislative investigation,
he testihed. had not printed its testimony in
full and accurately, and where witness had
answered no he report strangely enough
takes, Mg. Manning had forega theEel With the
ofct1l rtrnoErapf@r, and the result book
printed secretly IN fiackenseek, which showed
the true version ana indicated the mistakes in
the other text. In this book. also, we're in
Guided variety of other facts. the reading Of
which could hnrdly have inspired confidence in
the mind OF the average policyholder with ref
erence to insurance business OF officers.
MR.. NICHOLS APPEARS.
At this stage in the proceedings and in the
year 1883. Mr.. Nichols appeared and talked with
Nj Manning. The result that 10 more
copies Of the book were printed. The copies
that had been printed were turned over at SO
apiece and Mr.. Manning began to receive his
retainer of $3.50 year, in return for which he
held himself ready TO render services which he
was never asked to render. It was while the
book was being discussed Mr. Hughes turned
one of the neatest tricks of the whole investi-
CATION. In talking about his book, Mr.. Manning
declared:
4 don't believe there is one to be bought in
the United States"
Is this the book you mean?" retorted Mr..
Hughes. producing one from a heap of papers.
I'll give you SO for that now" was the
sprightly answer when the witness had re-
covered from his surprise Evidently he had
up the edition. Mr. Manning was equally GER
sah that he had never made threats and that
ne mad had no dealings with Senator DepeW-
Sut not Whan he learned Thai Nichoi5 had
heIC ont 1WO-th1Tds OF the -hush money"
@ lld Mr. Manning show any evidence of becom-
IHe fdnIankerCus- Moreover he steadily
55.iahlinined that he never had dealings with any
Nichols.
MUTUAL RESERVE AFFAIRS
While the Manning incident was the most
amusing that has yet enlivened the proceedings
ol the Investigation, far more actual Importance
belongs TO the revelations regarding the Mutual
IAeserVe affairs. which We're opened up for the
ilrst time yesterday. A remarkable instance of
nc exercise of power by a dead man" was dis
elosed in the will by which the former president
Z d Harper. bequeathed to the Mutual Re
serve serve a contract emitting him to 20 cents on |
,sela SfWD of Insurance obtained by the COM |
-I'' On the condition that Frederick A Burn |
, 'ul snouia be chosen his successor, The post |
. VI TEN regulations went further and provided |
a nj MI BuFnham should inherit all Mr., Har-
- Il pfp1leS 10 vote rs If We're alive After |
- aifcioouTr of the facts concerning Rurnh4mfS !
lecuoh II was shown that secret fund was |
roVioed for, the use of which WAS not brought !
Ut although IT was shown that in one form or
Mt time
Hardly leas intarastin,g we're the facts brought |
ut @ regarding the increase by the Mutual Re |
eIFe OF assessments TO pay expenses. An as |
ssIlent , OF $1,000 en- a St'.tO policy was shown |
policy written in 1901 The heirs benehting |
SAle policy would thus receive 0HiY Slfr4oor |
me The policyholder was forced to pay interest |
the full sum Tt was shown that litigation |
yer this method OF assessment had been carried |
siore the Lord Chancellor of Great Britain |
siore him It held that the policy was
f1cky and deceptive ana he sustained the |
'ntesting policyholder i: mis- refusal 10 pay the
.Sessnent. Vice-PresiGent George d. Eldrldge
the Mutual Reserve w7s on the STAND most
the day. and Frank n Plat of Tracy, Board
an q Platt a son Of Senator Platt, appeared
counsel for the company.
THY MANNING HIS P4TD. /