Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1905-09-19
Contributed TO
Campaign FUNDS
NEW YORK LIFE GAVE $4s, 900
TO INSURE A REPUBLICAN
VICTORY.

PERKINS, STATEMENT
ON WITNESS STAND
Treasurer Randolph Tells Of Big Prof
Its Realized from Joint Accounts
: During Last Ten Years-Interest-
ing Revelations.
New York, Sept 16. - On the stand
Friday afternoon, in the insurance in
vestigation, George W. Perkins pro-
duced check for s4S000 drawn by the
New York Life Insurance company De-
cember 80, 1904, payable to J. P. Morgan
& Co. Mr.. Perkins testified that this
check was contribution to the national
republican committee and was promised
to Cornelius N. Bliss, treasurer of the
committee. Mr.. Perkins said the
same thing was done in 1896 and 1900.
The reason for these contributions, he
said, was that the company feared its
assets would be endangered in case of
democratic success.
Profits of Joint Accounts.
When the session of the legislative
committee to investigate the life in
surance business was begun Friday,
Edmund D. Randolph, treasurer of the
New York Life Insurance company,
was again called to the stand. He pre-
sented statement of the profits real
lied from the operations of the New
York Life Insurance company's joint
accounts. 1t showed profits of $685., SAL
in ten years and was made out at the
request of Counsel Hughes, for the
committee, earlier in the week.
A book of the financial transactions
In non-ledger assets Of the New York
Life Insurance company kept at its
Hanover bank Office was also pre-
scented.
Checks for Big Amounts.
Checks for 100000 were found in the
accounts Of the Hanover bank Office Of
the company They were paid to A.
Hamilton, who, Mr.. Randolph said,
was connected with the law depart
ment These payments were made on
order of the president, without any
action whatever by the finance COM
mittee, and Mr.. Randolph said he knew
nothing whatever about them. On
December 30 another instance Of
checks ordered paid by the president
to the amount Of $4s.702 was found,
and Mr.. Randolph said he knew of no
one but the president who could tell
what these items were for. AS to the
statement Of the profits presented ear
1ier, Mr.. Randolph referred Mr.. Hughes
to George w. Perkins. who has charge
OF that part of the financial operations.
Mr.. Perkins was sent for at this stage
Of the proceedings.
Affairs Of Mutual Life.
The affairs of the Mutual Life In
burance company were again taken up
when Augustus D. Juilliard, trustee
for 20 years and a member Of the
dinance committee of the Mutual, was
called. Mr.. Juilliard is a stakeholder
In the Guaranty Trust company, Unit
ed States Mortgage & Trust company,
Morristown Trust company, Fifth
Avenue Trust company, Morton Trust
company and Title Guarantee & Trust
company, and the National Bank Of
America. He said he individually par
&aipated in syndicates for the pur-
jahase Of bonds, but that his personal
participations were in no way influ-
enced by the fact that the Mutual Life
Insurance company was also partici-
pator therein.
In one of the Japanese bond syndi-
Gates Mr.. Juilliard participated, but
withdrew no bonds. He put up nc
money, but shared in the profits. In
the United States Of Mexico bond syn
dictate Mr.. Juilliard was interested
The Mutual Life Insurance company
took 100000 in bonds and the mem
bers of the syndicate, while putting up
no money. shared in the distribution
of profits. He was in the navigation
syndicate to the extent of 100000
which is still in force. He paid the
call, and, like others, is awaiting the
result.
Mr. Juilliard made the statement on
the stand that he would go into any
syndicate the Mutual Life thought
sufficiently safe to participate in, and
would also risk his own money where
he would not that Of the Mutual Life.
Concerning the United States OF Mex
leo syndicates Of which Mr.. Juilliard
was a member, Mr.. Hughes said: "In
these the Mutual bought bonds In the
open market and SO contributed to the
profits OF the syndicate. Were all the
other members Of the finance commit
Tee in that?"
Members Of the finance committee
act individually. can't tell whether
they we're or not" declared the wit
ness. Mr.. Hughes brought out that
the witness had participated In Repub.
lie Of Cuba syndicate, his participation
being to the extent of 100000. He got
his share Of the profits.
Mr.. billiards connection with the
Morristown Trust company was next
considered. He could not state that
the Mutual controlled the comnany
though several directors of the Mutual
were on the Morristown board Asked
If the Mutual Life made large loans t.
trust companies. Mr.. Juilliard said:
1.-THE Mutual loans to no company
1t makes deposits with Them
Abolish Duties on Imports.
st. Petersburg, Sept. 16 The I'M
perial ukase abolishing the retaliatory
duties On Am oricop iynporfe WOE