The Montgomery advertiser., 1905-11-28
No Old Stock Here. I 4 Every thing in jewely'thats new. 6
 M. E. PEPPERMAN, )szllz JeweIer. New Exchange
New Exchange.

| tribution. E. E. Mccall he said, wat | elected Supreme Court Justice in 1soz but the New York Life never confrib' uted to his campaign expenses, "who have solicited campaign con- l tributions from youe"
 | "I had rather not tell. have been solicited very much but not by mem bers of the Legislature nor by State or. fcials" .e
 Mir, Mccall said he did not designed- | fy omit the Hamilton payment of xoe,- l BIO from the statement to the btate | Insurance Department. He knew tnat certain specific securities owned by the New York Life were not reported to the State Superintendent of Insurance. The market value of its holding bonds amounting to $s,000,000 was not iri- cluded in the last report. said Mfr. Mo- Call
 Senator Cox asked Mccall If he be- iieved that the State should allow the
 insurance companies to engage in such a syndicate transaction as that of the
 United Steel Company. Mir. Mccall re-
 pied that he did not know but that the
 insurance companies should not engage
 in speculations. He thought they were
 6 source of evil Asked if he believed
 insurance companies should own trust companies stock which could make such investments, he said he did not think the New York Life Insurance Company should own the stocks of trust companies. e.stff .sfsss
 Non-iedger assets, he said, were not reported to the State Superintendent of Insurance. the United States Steel syndicate par. ticipation put frankly on the books of the New York Life Insurance Com- pany?"
 q think 1t should have" replied Mfr. Mccall.
 Theodore F.. Banta. Cashier, of the New York Life Company. next testi- fled. Mir. Banta said he knew nothing about the check for s4o,19s which was paid to George w. Perkins. The Cash ier's Department had no vouchers of money paid out on order from tho or an executive officer. He knew. nothing about campaign contrt- buttons. aa-s.. li, sl.a
 Mir. Banta said that for fifteen years he had not been In position to dis- cover irreguarities in the affairs of the | New York Life Insurance Company. He | recalled an affidavit he had sent to Tex as that the New York Life Insurance | Company had not paid campaign ex- penses.
 Did Not Pay PIatt.
 Asked what he had based that on, he said he did not know of such con- The affidavit was brought 10 him by Stewart Brown, conhdentia man of President Mccall. Mr. Banta said the statement that i've years ago he paid $5,0O0 to Thomas c. Platt was absolutely false. He had not seen Mir. platt. One attempt was made to col- ect 0.000 for the Republican party, put he had refused to pay 1t In the ab- Ience of officers of the company.
 Tn reply to other questions by Mir. Hughes, Mir Banta said about January. 901, 1700,000 worth of New York city tock was taken from the vaults of the lew York Life Insurance Company and check on the Central National Bank vas substituted. The stock came back n a few days. The transaction was lot recorded on the books of the com any to his knowledge. No receipt was 'iven for the stock. The ownership of he New York city stock would have cen important for purposes of taxa lon. for the stock is not taxable and his transaction would have given some ne S700,d00 In untaxable property. Mir 'anta said he thought there had been
 similar transaction before, but none ince.
 The stock was delivered on the order f Edmund D. Randolph, Treasurer of he New York Life Insurance Company, { nd Mir. Banta supposed he acted on ne order of the Finance Committee. { Ir. Randolph since intimated that he i'd not approve of such transactions.