Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1905-12-28

ALLY BEE: THURSDAY. d.
statement promises to place in escrow was
part Of the $235,oOO; neither did ne know
whether Hamilton had 10000
Mr. Mccall said he took list VI items
from the New York once to Hamilton.
for which he was to account trusting alb
souteiy to Hamilton to explain all Mr.
Mccall said Mr.. Hamilton knew the
transcripts OF bank accounts connects him
with expenditures the committee would
like to know about Witness said he in
sisted that the checks or check books
be produced. but Hamilton said he had
none to produce. The items in the list
given Hamiltons statement were taken up
with the witness. but he was unable to
give any additional information lie did
not question any Of the figures. and the
large amounts for travelling expenses did
not excite Mr.. McCalIs curiosity.
What analysis or criticism did you sub
ject this account to-" Mr.. Hughes asked.
II gave it none" witness replied
Mr.. Mccall said he had not heard from
any other source what Hamilton had done
with these moneys. and so far as he
knew no further investigation has been
made by any OF the executive officers
Then, so far as you know" said Mr..
Hughes. "the statement OF. Judge Hamilton
is the only information Ia executive Of
ficer' have of what Judl Hamilton did
with this money!"
Witness replied that It was
Deputy Appleton Testiaes.
Henry ID. Appleton. deputy in Superin
tendent Hendricks office, resumed his testi-
mony. which was interrupted by adjourn
ment last Friday Mr.. Appletons testi-
mony was along the line of legislation
passed to control assessment companies.
During the examination of Mr.. Appleton
as to the methods in vogue in the depart
ment the witness became involved in a
controversy with MI Dawson. the COM
mittee's actuary. He was called to order
by the chairman and Mr.. Hughes directed
him to address his remarks to the COM
mittee and not to Mr.. Dawson
Mr.. Hughes then read letter from the
Fidelity Mutual Life Insurance company
in which it was charged that the insurance
department had revoked it's license under
the stipulated premium law. Mr.. Appleton
had no recollection of the matter.
Did you state to Richard Morgan of the
Bankers Life that it would cost $JO,OO for
reincOrporstion?" was asked.
NO, and If Mr.. Morgan says SO, or II
anybody else says so, he is a liar" an
swered the witness.
Mr.. Morgan made that statement" said
Mr.. Hughes.
Then he is a liar" quickly replied the
witness
No controversy here" said Chairman
Armstrong rapping his gavel
Former Commissioner Examined.
Former Superintendent of Insurance LOUIS
r. Payn was called. lie SAID ne was su-
perintendent OF insurance Tor three years
and retired in February, 1900 He said
that none of the confidential examiners
who were appointed by MIN were chosen
upon suggestion of any insurance COM
oany. There were seven of these exam
iners during Mr.. Payns administration and
the force mad to be enlarged because
great many companies had to be examined
Mr.. Payn said he went into the depart
ment with no knowledge whatever of in
suranCe and came out of 1t with but little
more knowledge. He did not assume any
direction of examinations. He followed the
precedent of the department and left that
to the chief examiner. The examinations
made during Mr.. Payns administration
were touched upon and 1t was brought out
that among the companies not examined
were the Equitable. Germania, Home. Man
haitian Metropolitan, United States and
Washington Life Wa I'D.
Mr. Payn said he thought the committee
should draw a bill TO stop lobbying by in
surance representatives. He would be glad
to assist the committee all he could
What would you suggest Mr.. Hughes
asked. @-
Il would be glad TO make some sugges-
tons after an opportunity to think things
over
you think it ought to be stopped"
Il know it," replied the witness amid
the laughter of the committee and spec
tators.
The Mutual Reserve again examined |
in 1899, the witness said, because of infor-
nation and complaints received by the de- |
partment. Some of these complaints came
from officers of the company
II had hoped to get things in shape so as !
TO get President Burnham out of the COM
pany," said Mr.. Payn.
why did you want to get him .out?" Mr. /
Hughes asked.
Because 1 thought him a crook" re-
sponded Mr.. Payn.
He said it was after this examination |
that the report was turned over to the |
attorney general.
Adjournment was taken until tomorrow |
when Mr.. Payn will resume his testimony |
stokes Corrects Testimony. |
During the testimony OF Howard L. |
Stokes, third vice president of the Bankers |
Life Insurance company Of the city of. New |
Yark before the legislative investigating |
committee on Thursday last, Mr. Stokes !
was enormously quoted TO the effect that !
the, company's expenses exceeded its prem- |
ium income. Mr. Stokes said today that |
the company during 1904 received $7S5. 900 !
from premiums and that its expenses were !
s2S3OO0 or the balance nearly s96OOOO was |
paid to policy holders and $4,000 was added |
to the comDsnys assets.