The Montgomery advertiser., 1905-10-06
TOOK CARE
 OF KINFOLK McCurdy'S Son and Son. iu-law in Clover. PULLED DOWN $2,600,O00 Insurance Scandals Will Go
 to Grand Jury. Testimony as to the Money Furnished Republican. Party for Campaign
 Purposes by the Mu- tual Life.
PULLED DOWN $2,6o0,0 900

New 1ork, Oct. o.-Indt the dstouhu
 ing total of more than s2,600.000 has been paid as commissions by the Mu- tual Life Insurance Company to two members of the family of Richard A. McCurdy, President of the company, and the promise of District Attorney Jerome that the insurance scandals certainly will be submitted later to an extraordinary grand jury. were the sensational developments in the insur- ance situation today.
 It was brought out by testimony be- fore the Legislative Insurance Com- mittee that Robert H. McCurdy. son of Richard A. McCurdy, has received as commissions on foreign business. $1,- 1e3S29 and on domestic business $541,- s52 and that Louis A. Thebaud, son-in- law of Richard A. McCurdy. has re- ceived an aggregate of $s20.113 In com missions from the company. It was also brought out that Robert H. Mc- Curdy expected his income this year would be about $110.o00.
 Previous to this testimony W. F. Thummel, an attorney for the Mutual Life Insurance Company, testified that he had paid to the chairman of the Re- publican Congressional Campaign Com- mittee the sum of S2.500 in cash as campaign contribution.
 Mir Jerome in announcing in court that the scandals will be submitted to an extraordinary grand jury, said the inquiry by the legislative committee had shown greater moral obliduity and moral obtuseness on the part of persons important in the business world than did the shocking revelations in regard to the Equitable Life"
 Another incident of the days devel- opments was the publication of let ter from Charles F. Hughes, counsel of the Legislative Committee. to Samuel Untermyer, counsel for James H. Hyde, the former controlling stockholder of the Equitable Life Assurance Society. in which MT. Hughes said the com mittee would make no discrimination In favor of Mr. Hyde In the examina- ton before the committee.
 Legislation Necessary.
 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. F. Thummell, the attorney who was associated with Judge Andrew Hamilton in looking after legislation for the New York Life, the Equitable Life and the Mutual Life Inurance Com panies in the so-called legislative pool that was exposed last week, testified before the committee that he was now employed as an attorney for the Mu- tual Life Insurance Company at a sal ary of s7,200 year. MT, Thummel says that he personally placed in the hands of the chairman of the 'Republi can Congressional Campaign Commit tee s2,500 in cash which had been given the witness for that purpose by Vice. President Robert A. Granys of the Mu- tual Life. Witness said the contribu- ton had been suggested by the danger of a Democratic House that would re- suit in the tariff and other legislation of a character to upset business and had been asked to contrib ute, but he did not know how many did. MT. Thummel denied paying any money to any legislator for the purpose of in fuencing 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 expenses were incurred and later an adjustment of these expenses was made between the three companies. He had received money from the New York Life in these adjustments but kept no account of his disbursements.
 MT. Thummel said Mir. Mccall was in error in his testimony yesterday that he had paid money to the witness to further federal supervision of insur- ance. Witness had talked with Mir. Mccall on this subject and Mir. Mo Call had promised to contribute to it, ba. no money was paid to Mir ThummeL
 Money for Lawmakers.
 He further described the division of
 
 three companies looked after the legis- Iation affecting insurance companies and the Mutual Life had paid out in 1904 about SIS, ,0OO for legislative work.
 It was at this point that Robert Mc- Curdy was called. He had a number of documents in his hand as he mount ed the platform and when he had been sworn he testified that he was the gen. eraI manager of the Mutual Life Insur- ance Company. His powers, he said, were delegated to him by the president and vice presidents of the company. His duties were principally confined to the supervision of the agency system of the company in this country and abroad. Like Mir Perkins of the New York Life he appeared to be the one that built up the foreign business of his com pany. His salary was $30.000.
 Mir McCurdy had typewritten statement of his career. which he asked nermission to read This detailed his various compensations, contracts and commissions There were a number of reductions in the commissions which he said were made at his own request. owing to the unforeseen success of the | foreipn business. This foreign busi- ness was inaugurated because of the | success attained by the New York Life | Insurance Company and the Equitable | IIfe Assurance Society.
 Mir McCurdy started this foreign | husiness in 1885 and assumed the office | of general manager in 1903 at a salary | of $2O, ,OOO
 Tbe most startling part of Mir. Mo | curdv's testimony was made just before | Inc recess when he submitted a state | ment of his Iroits, or the revenue from | bts contracts on the foreign business | oS the company From 1886 to 1902, u,htIe he was a member of the firm of | q u Ravmond & Company, the metro roittan agents of the Mutual Life, his profte were $2Oai63. Under his con trsc, with the firm he paid one-half or sio4ssI 10 Mir Raymond, and from | rone h.n he left the firm down to |