The evening world., 1905-10-10

=
life insrfance companies come frOm.
A. The policy holders.
y And Of the blIesl lments OF theii
funds In bonds that produce Interest, in
real estate, In securities? A. That's So
q Now YOU point to an increase OF
assets In sustaining YOUR position DC
NJu not know that as YOUR assets In.
A. There are alwavs two sides to a
question, but that Is not the point OF
the statement offered here bv Mr. Beck
on my behalf The point Is p:at | have
increased the brsircss of the N.Itual
vlat ! nave re1Oled out for It and got
IN YOU and the other man and thou.
sands OF others, They have all come
under the benehcent policy Of lie in.
sUrance.
II Is a philanthroplc institution, but
] want 10 say that o. late years, low
ever the phillnthrC pic Idea OF life IN,
surance has beca overlooked Gain,
PROFIT has been held out to the p1llcy.
ho.ier. II is not moneu makirl
proposition for the individual bu, one
In which an Individual should taxa part
for tie dement, Of the whole. The orig
Ina. idea has been obscured
Case Of Competition.
O. How c1uli It l5e o5scured with you
at the helm OF the Mutual, understand
ing things as you do
4 Competition. The other fellows are
trying TO seat me yust as ha1 as
am trying to beat them.
Out OF a maze OF juggled accounts,
bind vouchers slippery memories and
antagonistIc Witnesses these facts Of
the secret operations OF the Mutual Lfe
Insurance Company were established
to-day at the Legislative Insurance In
quIry
Facts Developed To-day
/. In 1896, $1,000 or more was paid to
the Republican National Campaign
Comm! tee
,. In iso'. sSb,ocO went to the same
source
8 In 1901 $4,000 was paid 10 elect
Roosevelt.
T. $4,000 was paid oU; las, year and
charged 20 legal expenses
S, TIE officers who ordered the money
paid understood that Il was for com
adential legal services,
6. The amount included a cash pay
ment OF s2,50O to Congressman Bah
cock, who during the Roosevelt cam
paign was Chairman OF the Republican
Congressional Committee.
:. The head OF the department of the
"
AZ any time wlthou, disclosing the de-
tails Of the purpose for which It Is 10
be used.
A fund for confidential legal ser
Wees is mentioned by the Mutual and
out OF Il Is paid all sums which Is
considered best 10 conceal from policy
hotde"s and State authorities,
.. ~ bulk OF the $4,000 for print
ing al stationery purchased by the
Mutual last year went to LyEander w
LawreNc-, = tenant Of the Mutual
Building.
10. The company never advertIses for
bids and the shop Of Lawrence adtoins
and Is connected with the supply de-
par.ment Of the company
Three officials on Rack.
Three officials 0t the Mutual Life
were called TO the witness stand to-
day by Chief Counsel Hughes for the
Armstrong Committee-RoOert oily
phant, trustee and chairman OF Com
mlttce on Expenditures; .Wce-Presi-
dent H. w Grnnnis. who Is In touch
with the legislative situatlol,' and
Vice. President Walter q. Gillette, who
O. KS. political vouchers and the Law
renee stationery accounts.
Olyphant was antagonistc Grannis
was peppery and Gillette Just didn't
know things that he ought to have
known,
When It came to fixing the reap1nsI-
bility for the payment OF Republican
campaign contributions Olyphant passed
the buck TO Vice President Grannls.
Then Grannis passed II along to Dr.
Gillette, and when Gillette got on The
witness stand he said that In signing
vouchers, which presumably" repre-
sentcd political contributions he had
taken the word OF Il. l., Short. OF the
law department, that the matters were
perfectly regular.
SHORT rs DEAD.
Vlce-President Robert w. Grannis ad-
mltted that he knew $500 had been
paid to the Republican Congressional
Committee to throttle tariff agitation.
Vice Pro4ident Walter n. Gillette -'os
the Ooobah OF all the political contribu-
tionS.
Sand how do you charge these
moneyst what accounts are they
put In" GrRnniss wns asked.
"Oh, they all go 20 the account
OF legal expenses"
O.yphant was an unwilling witness.
He spared with Hughes, but finally
cornered. he confessed that he had
heard the money had been paid to the
Republican National Committee.
who told you that'' demanded Mr.
Hughes. ~
II think II was Or. Gillette"
NJ. Hughes directed that Dr. Gillette
be sent for Immediately. There was n
protest from Jamgs NJ, Bs@k, counsel
FOR tho Mutual He said that IN view
ot the fact ;il' rIG'l lcnt McCLrdy
and the rest Of the executive stan Of
the company werl r. the inlur; room
that somebody nIsll, to be lft IN the
Mutuals of1c - ntlcri IN husi1"ss,
II think you mlRhe excuse Mr..
GrannIs p. least. urged Beck.
81 shall not excuse anybody at this
time" answered Hughes
q. How long have YOU heen connect
ed with the Mutual Life Insurance
Company, Mr. olyphant2 A. Since 1876
ne 4 trustee,
n. what ia the function Of the Com
mlttee on Exnendituras? A. II IL
practically n review the bills M 'hpv
come I'm that have heen approved bv
the executive and order them ped or
arprovo those that have been maid
o. IN large tr,nss Ndons does the
Com mlttee on Expenditures geHeral'v
act In advance OF payment A, Yes.
sir.
q M von draw ~ orsv from he Nit
tual 'ife Tnsu-a-"n ComrHnv upon your
voucher 30 Ch0l-~7r" NJ that commit
tce' A 7 hpve. vos sir.
A CONFIDENTIAL Fund"
Q. In what cRses Is the money taken
by you upon your voucher? A, Well
Mr. Hughes. as ] understand the sltua-
icn. large corporations have to main
tain what you might call a confidential
legal fund FOR the payment Of services
Q, How long has such a fund been