Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1905-10-06
Mutual Life Insurance Go.
to the M'CurdyS
PRlNCFLY COMMISSIONS
District. Attorney Jerome AstOunded
by the ROttenness Disclosed, Will
Bring the Insurance Business Be-
fore a Special Grand Jury.

New York, Oct. 5.-That the as
founding total of more than $4,000 900
has been paid in commissions by the
Mutual Life Insurance company to two
members Of the family of r. A. Nc
Curdy, president of the company and
the promise Of District Attorney Jer-
ONE that the insurance scandals Ger
tainly will be submitted later to an ex-
! traordinary grand jury, were the sensa-
tiOnal developments in the insurance
situation today.
1t was brought out by the testimony
before the committee that Robert H.
McCurdy, son of Richard A McCurdy,
has received as commissions on foreign
business $1163,S29, and on domestic
business $541,S52, and that Louis A.
Thebaud, son-in-Iaw of Richard A. Nc
Curdy has received an aggregate of
1920, 1873 in commissions from the COM
pany. 1t was also brought out that
Robert II. McCurdy expected his in
come this year would be about $11O, 900.
Previous to this testimony, w. H
Thummel, an attorney of the Mutual
Life, testified that he had paid to the
chairman of the Republican Congress
iOnal Campaign committee the sum of
$500 as a campaign contribution.
Mr.. Jerome, in announcing in court
that the scandals will be submitted to
an extraordinary grand jury, said the
inquiry by the legislative committee
nad shown greater moral obliquity and
moral obtuseness on the part of per-
sons important in the business world
than did the shocking revelations in
regard to the Equitable Life"
Another incident Of the days deveI-
opments was the publication of a let
ter from Charles Z. Hughes. counsel
of the legislative committee, to Sam
uel Untermeyer, counsel for James H.
Hyde, former controlling stockholder
of the Equitable Life Assurance soci- /
ETY., in which Mr.. Hughes said the com
mittee would make no discrimination
in favor Of Hyde in his examination be- !
fore the committee.
The Chamber Of Commerce at it's
meeting today adopted a resolution de- !
claring that additional legislation is !
necessary for the proper regulation Of
life insurance companies.
W. +. Tnummell, an attorney who I
was associated with Judge Andrew I
Hamilton in looking after legislation T.
for the New York Life, the Equitable I.
Life and the Mutual Life, in the So /
called legislative pool that was exposed ]
last week, testified before the commit I
tee that he was now employed as an at I
LDlHtN lot LIlt NJ uIudl Lie insurance
company at a salary of 81 POO a year. /
Mr.. ThummeH said that he personally .
placed in the hands Of the chairman OF
the republican congressional campaign .
committee the sum of $2,500 cash, which .
had been given witness for that pur-
pose by Vice president Robert A. +
Grannis Of the Mutual Life Insurance
Witness said the cOntribu- .
tion had been suggested by the dan
ger of a democratic house, that would |
result in tariff and other legislation of a .
character to upset business and affect /
policy holders. He said other com
panies had been asked to contribute,
but he did not know how many. Mr..
Thummen denied paying any money to .
any legislator for the purpose of in
huencing legislation, or to any other
person for that purpose.
He described the legislative pool,
and said the expenses were met by the
company looking after the territory in
which the expenses were incurred, and /
later an adjustment Of these expenses
was made between the three companies.
He nad received money from the New
York Life for these adjustments, but
kept no account of his disbursements.
He further described the division of
territory in the country under which
the three companies looked after leg
islatiOn affecting insurance interests.
and said that the New York Life had
paid out in 1904 about $4,000 for leg
slative work.
Chas. II. Raymond. who was called
to the stand to supply the figures Of
profits that Mr.. McCurdy was unable
to produce, occupied the stand for the
remainder of the session. He was ex-
amined as to the scope and territory
IF his business, and the amount of COM
missions he received from the Mutual
Life Insurance company, as well as the
amount his firm paid sub-agents. Ray
nOnd's examination was not finished
when the committee adjourned for the
lay.