New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-02
WILL PROBE PARIS AGENCY
Plan OF COMMISSIONERS.
One Says Far Payment Would
Haze Bankrupted Com p0reies.

IF is announced authoritatively that the Western
insurance commissioners, in their verifcatlon or
the assets of the New-York Life, will make tnor-
ough investigation of the company's Paris build
ing on the Boulevard des Italiens, and that pre-
liminary negotiations through diplomatic channels
are already under way.
It will be recalled that Charles z. Hughes's ex-
animation on Friday of Edward l. Devlin superin-
tendent of the company's real estate department
1ent tn show that the building had cost the COM
pany 81 $50, 104 and was rated on the company 3
books as worth $3OOO0O. the difference having been
charged off to reduce the property to an earning
basis of S15 per cent.
Before the Insurance Commissioners departed, one
of their number told a Tribune reporter that ne
considered the insurance companies deferred dlVl-
dend system doomed already.
Some of the commissioners have already gone
on record in favor of annual accounting sald
he land any one who read the signs or the
times must see that the death kneIl OF the u'i7
dividend has been sounded
speaking of the verication Of assets the same IN
forn1ant said: This question just now is OF vital
Importance to policyholders, especially in vie" OF
the legislative committees disclosures.
But" objected the reporter, 1T still seems 10 De
agreed that whatever may have been wanting IN
the methods of the companies and their omcers'
the companies solvency is beyond dispute
That may well be-" was the rejoinder but If in
the last fifteen years the companies had paid the
policyhoders the moneys due them every one OF the
companies would be insoIvent to-day
When James Hazen Hyde takes the witness
stand before the legislative committee, he will
produce, 1t Is predicted. documentary evidence 10
show that Jacob H. Schtf. in the Union Pacing
holding syndicate. did recognize the Equitable 1t
Is believed that after all the young eX-Vce-presl
dent will not attend the wedding of Henry Rogers
Winthrop. at Roslyn. Long Island. tomorrow:
Mr. Hyde to have been one of the nshersi 3Gt
ii is said an engagement in Newport Will pfoIlolI
his attendance the wedding. ,
1t is said that Mr. Hyde's non-aPPeaTannSe thus thus
far the stand is due partly to the time
consumed by the important testimony Of MI Schlf
and partly to the wish TO finish the present eN-
animation of Mr.. Winthrop before the wedding.
The printed report that Attorney General mayer
had asked President Mccall Of the New, York
Life to restore campaign gifts; that Mr.. McCali
had declined and that Mr. Mayer mad threatseaned3
TO bring suit seemed generally to be discredlted
in insurance circles yesterday. go
II is understood that Mr.. Mayer will not consider
the bringing of any action until the legislative IN
vestigation shall been closed, il not being the
policy of the Attorney Generals office TO consider
evidence pieCemeal. 49,
II is reported that Commissioner Clay, OF Texas,
may ask the revocation of tie New-York Lies
license if 1t should be shown that the company
paid out campaign money while in possession OF a
license in the Lone Star State It is believed that
Mr. Devlin will testify before the committee this
week as TO the home office annex" accounts OF the
Neyg-YOrk Life.