The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1905-10-05

@H
NEW YORK. oct s,-na, Iahn u
ii-s"iHan. president ~ tn M-i Al. .aii
tau life insuranc- campauy. hslrpaw
sasloo fram tho N-s iuFs i.lfr insuF
ancs company a. ia I.rr cvni Interest
rate below che market rate. Wa,
brought out Ia the Insurance. lntvsiiga
uon lasi we-k.
President jvha 4, Mr,'ail ~ ihs
New f.fk iIfe insnFah-r conpany
has nou testified that be- in turn isaF
rowed tsaI0p from the Metropolitan
O., the same rate This vas In January
isa Tho loan was r-nrv~i Ia lauu
sry. 1904. and ran until Marrh. iuG
When the rate of Interest Was al
Vanc-d 10 peF ccnl. az which rate Il 10
siill running.
Ar. Mc,,ali testified that be was q ii
rector % the metropolitan iIfo insur
ancv company. but not q sio Ala ,i,i,T
The fact u hls being a dius tus. Mf
Mccall continued. did not deter him
from procuring q ioan ~ ns iuW q rate
Of interest ~ possible when u was u
bis interest 10 10 80.
Mr.. Mccall admitted wiicn inferno.
gated by Mr. Hughes that former
JudT- Andrew iiamilion aud other
lawyers were hirsi by tho life insur.
sBcg company for the vsI-Sial puF.
po.e % using their innn-ncc o. defeat
bills which. Ia the opinion ~ the lif.
fcrrnt COMPANIES. might iuinr their
interests The most pertinent au-s.
ton pu, 10 Mr.. Mccall by At. Hughes
was:
Isn't u . fact that Judge Hamilton
was expected 20 deal with mcn 10 tho
legislature who produce the beet 70
sult.r'
Mr. Mccall leaned hack IN the wit.
nea chair. smiled anl ihcl laughed.
That 10 perfectly true
Somewhat " n sensation was caused
nt the session OF the legislative com.
mlttec which IL Investigating the meth.
obs Of life insurance companies when
Nell Y. Towner of Albany wHs callei
60 the stand aud disclaimcd any knowl.
edge of the whereabouts of canrcieI
checks OF Judge Andrew Hamilton OF
Albany. Mr. Town.r testified that he
was associated with Judge Hamilton In
the practice OF law In Albany. The
Hamilton account WIS again under Ia
vcstigstion. and Mr.. Mccall hid been
excused for few minutes while Air.
1owner took the stand.
Mr.. Towncr testified that he had
made deposits for Judge Hamilton. but
not while the latter was In Europe. lie
had taken some Cancelled cheeks from
the Albany Trust company early In
September and had thrown them Into
drawer la Judge Uamilton's desk. lie
had had no occasion TO look NJ them
again until last week. when he re-
oelvcd the subpoena TO appear before
the committee. lie was asked 20 bring
these checks with him. but when he
looked for them they were gone. lie
had no knowledge. he declared. OF
whore they could have gone or who
could have taken them. Pressed by
Mr.. Hughes. he said almost anybody
had access to the drawer In which the
checks were placed.
Mr.. Mccall. resuming. was asked
about a deposit TO the credit OF Judge
Hamilton OF SiG2.OIl.6I OH Sept. 1. !
1905. Mr.. Mccall said the New York |
Life Insurance company had paid Mr.
4 IN Nal httf s.,I
that part Of II might have come from !
the state comptrollers Office by reason |
Of an assignment Of tax moneys which |
would come to the judge by reason OF |
bis securing the repeal of the tax law |
which relieved the New York Life from /
payment Of taxes. Judge Hamilton
was to have one-third of the amount |
that would rebate to the company
sum Of S272. 703, netting Mr.. Hamilton
about $4,000.
II developed that the New York Life
,ad acquired by foreclosure an apart
nent house In one of the most deSra.
Die residential sections of this city. and
he cost, with the improvements deem. I
ID necessary. was S203.05G. The net in
'ome from this property was found to
De .023 per cent on the investment.
Among the improvements was the
throwing Of two apartments into one
II nine rooms with two baths. These
we're rented for $3.50 and Sl,S00
'ear. II then developed that four OF
he tenants were Of the immediate
amily of President Mccall, three sons
Ind son-ln-law. Mr.. Deylin was
lsked who fixed the rental of these
and he said he discussed
he matter with Mr. Mccall.
Mr.. Mccall enlivened the proceedings
urther when he said that there was no
ecord Oh the books Of the New York
life Insurance company of the $780,
10 paid the Republican national com
nittee for contributions to presidential
ampaigns. While he had no personal
that the money was paid, he
ssumed 1t was, because he had told
he treasurer to make these payments.
Mr.. Mccall in detailing the general
egislatlon work of Judge Hamilton
nd the counsel he employed denied
ny knowledge Of the legislative pool
ihich was disclosed In the exalnina-
on Of Alfred w. Maine, auditor of the
equitable Life Assurance society. Mast
1eek. Mr.. Mccall ON this question !
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