The herald-advance. (Milbank, S.D.) 1890-1922, 1905-12-15
SOME MORE QUEER FINANCING
PRovlDENT's TROUBLES PROeED
MCCALL URGES HAMILTON
TO RETURN.

ANCW N bCC. liz AO6AoAuSAS
life insurance investigating committee
appeared last night. to have succeeded
in it's attempt to make Thomas F.
Ryan divulge what e. H. Hartman
said or threatened to do to influence
him to divide his control of the Equita-
BILE Life Assurance society. District
Attorney Jerome. who was asked by
the committee to take steps to punish
Mr.. Ryan for refusing to answer the
questions about Mr.. Hartman, report.
ed to the committee yesterday that he
had informed Mr.. Ryan's counsel that
Mr.. Ryan Ought to Answer.
Mr.. Jerome also wrote to the commit.
tee that he believes Mr.. Ryan will an
swer if brought before the committee
again.
Mr.. Hughes declined to say when
Mr.. Ryan will be recalled, but it is
presumed he will take the witness
stand to-day or tomorrow.
Subsequently counsel for Mr.. Ryan
gave out Il statement that they have
advised Mr.. Ryan that he should an
swer the questions and that he is pre-
pared to do so whenever recalled by
the Investigating committee.
Some Remarkable Deals.
The committee was engaged for a
part of the time yesterday in inauiring
into the affairs of the Provident Saw
ings Life Assurance Society of New
York. 1t was brought out by question
ing Edward w. Scott, the president OF
the company, that when Frank F. Had
ley of New Bedford, Mass, secured
control of the company in 1896 he bor-
rowed $162,0 900 from the company on
his collateral notes to pay up for the
stock of the insurance company. Mr..
Scott testified hat Mr.. Hadley
Never Repaid Those Loans.
and that the insurance company real.
lied only 100000 on the sale of the
Hadley was interested failed and then
he died.
ut cost the insurance company just
$4,000 for Mr.. Hadley to get control
of it," said Mr.. Hughes.
Besides the $4,000, MI. Hadley
had borrowed 5000, 900 to pay for the
assurance company's stock and had
put up that stock as collateral. Mr..
Scott testified that he bought that
stock at auction after Mr.. Hadley's
death and borrowed the money to do
it from the New York Security and
'Tr,,Ct oonaronu 1nhn A Mccall rrnS.
ident of the New York Life Insurance
company, Mr.. Scott said, stood back"
of him in the negotiation of the loan.
Fat Jobs for Relatives.
Other witnesses have testified that
the New York Life Insurance company
controlled the New York Security and
Trust company. After he got control
of the company, Mr.. Scott said, John
A. Koran, brother-in-law of John A.
Mccall. was made controller of the
Provident Savings Life Assurance
company at $4,000 a year.
Mr.. Scott testified also that his four
sons and a nephew are employed by
the company of which he is president.
Pleads With Hamilton.
Paris, Dec. 13.-John c. Mccall, son
of John A. Mccall, president of the
New York Life Insurance company,
has arrived here and has held a
lengthy conference with Andrew Ham
ilton, the former legislative agent of
the insurance companies at Albany.
The result is still indecisive, as the
meetings continue. On the main point
of Mr.. Hamilton's returning to New
York it Is known that no decision has
been reached. Both parties decline to
discuss the nature of the conference.