Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1905-10-07
ROOSEVELT ANGRY.
Wants Fund Contributed by the New
York Life Iis,.::.- sayaloa Uoiii y:.,ly
Returned.

gin suit against John A. Mccall, pres
ident, and George w. Perkins, vice
president, of the New York Life In
surance company, for the restitution Of
$4,000 contributed to republican
campaign funds, was asked Of Attor.
ney General Mayer Tuesday by Will
liam Hepburn Russell, acting as att
torney for several policy holders. I'm
der the laws of this state the sanction
of the attorney general is required, in
order to bring suit of this charac-
ter.
Mr.. Russell said the suit would be
based on the contention that the
money paid to the national republican
committee was expended by Mccall
and Perkins without corporate author
ity. He declared that he intended also
to sue for the restitution of $235,0O0
which Mr.. Mccall testified had been
placed in the hands of Andrew Hamil-
ton, Of Albany. The policy holders
represented by Mr.. Russell are Walter
Goodyear, Lemuel D. Lilly and VIII
liam B. Winslow.
To Call Official to Stand.
John A. Mccall, president of the New
York Life, will probably be called to
the witness stand when the legislative
insurance committee resumes its in.
vestigation.
When Mr.. Mccall takes the stand he
will be examined by James McKeen,
the associate of Charles e. Hughes, as
counsel for the committee. Mr. Nc
Keen has devoted all of his energies
during the past month and half to
studying the insurance question from
the operating business standpoint.
He has given particular attention
to the deferred dividends system, and
it is upon this subject that he will
question Mccall, it is understood.
True Cause Soon to Come.
Binghamton, N. Y, Oct. 4.-As-
semblyman John T. Rogers, OF the in
surance investigation committee. In
speaking of the insurance develop
ments, said: "The coming week win
be an interesting one, as, in my opin-
ion, it will develop the true cause Of
the insurance scandal, which is the
fact that the large insurance COM
panies have been paying great deal
more for new business than it is
worth.
THE development will not be OF
sensational, but rather Of statis-
tical nature, but they will go long
way toward solving the problem. 1t
is the purpose of the committee to in
vestigate every insurance company in
the state, large and small, and close
the hearing by January l."
May Cancel Charter.
st. Paul, Mimi, Oct. 4.-C. H. VEN
ner, the New York flnancier who wrote
an open letter to President Mccall Of
the New York Life Insurance company,
has written a letter to State Insurance
Commissioner O'Brien demanding that
the New York Life Insurance CON-
panys Minnesota charter be Cancelled
unless President John A. Mccall and
Vice President Perkins resign at once.
Mr. O'Brien stated that tie individ-
ual demands for any action Of radi-
cal character would be ignored until
he had satisfied himself as to the con-
dition of the company and tie conduct
of it's officers.
May Delay Hearin~.
Albany N Y, Oct. Attorney Cen.
eral Mayer has received a copy Of
demurrer filed by James Fl. Hyde, for
mer vice president of the Equitable
Life Assurance society, to the blanket
suit brought by the state against the
old directors Of the company to compel
restitution of moneys alleged to have
been wrongfully converted by the
board The demurrer, together with
that of Thomas T. Eckert, another de-
PENDANT, will be considered by the SD
preme court at the November term.
Mr. Hyde declares that scarcely any
of the allegations contained in the COM
plant state facts sufficient to constl-
tute a cause of action. He holds fur
Their that the attorney general made
fatal mistake in not making the policy
holders and stockholders of the society
parties defendant and alleges that the
causes of action are improperly formed.
Even if the demurrer is not sustained,
consideration of it and of possible ap-
peals would delay the trial of the main.
action until next spring or summer.
A New Counterfeit.
Washington, Oct. 4.-Chief Wilkie, Of
the Tinted States secret service has an