The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1905-10-11
ROTTEN METHODS
WERE THE RULE
Startling Disclosures Made in
Mutual Life Scandal
PROBE UNEARTHS MORE
or THE INSIDE WORK" OF THE
EXECUTIVE OFFICERS CON-
TRtBUTED TO REpUB-
LicAN PARTY.

New York, Oct 1d.--Ihe sessions Of
tine insurance investigating committee
were terminated for the week at the
adjournment today, because Of the
death OF 8 Fred Nixon, speaker Of the
legislative assembly, al his home in
Wostfeld
The testimony today did not elicit
any information of a sensational
nature beyond what has been dis
counted in the testimony of previous
Witness :.
The feature was the presence as
witnesses of the executive officers OF
the Mutual Life Insurance company
These were President X chard A. Me
Curdy and Vice Presidents Granniss
ana Gillette.
While it had been limited last week
that some expenditures charged to
legal expenses, might have been con
tributions TO campaign committees. it
was announced definitely by Gillette
that the Mutual Life Insurance com
pany contributed $4,000 to the repub.
lean national committee last fall. in
1900, $4,000, in 1896 $l5,l0O
Gillette testified he paid these
amounts personally in cash, and later
in the day McCurdy said thar while
he knew campaign contributions had
been made be did not know the
amonnts He said no contributions
had been made TO campaign commit
tees befora 1896 and that no contribu-
ton TO state or municipal campaign
had ever been made in this or any
other state. The contribution Of $2500
10 congressional campaign committee,
MeCurdy said he knew nothing about
nnfii il camc ont in testimony last
week
An interesting statement was made
by Robert Olymphant when he was on
the stand early In the day. Olymphapt
is chairman of expend'tur and he
could not tell what the $25,000 items
drawn to his order were for beyond
that they were for legal expenses. He
said the company maintained con
fdential fund for expenditures for
which no voucher was taken and no re-
ceipr received. These payments were
made upon the assurance of an execu-
tive officer that "they We're all right.
Granniss knew little about contri-
buttons TO campa gn funds but JUS
tilted them on the same ground as
President Mccall. of The New York
Life, thar the free silver plank in the
Democratic platform was a menace To
the interests of policy-holders.
When Crimmins was called he as
sumed the entire responsibility for the
terms of the contracts with Raymond
and Company, by which that firm
made large profits, when the method
of the expenditure of the s25 900
items was inquired into Crimmins
admitted that the general solicitor
could get $4,000 any time he wanted
it and without disclosing for what
purpose he wanted ii and without rem
dering any account Of IL. He further
sa d he never knew where a cent of
the money spent by the general solici-
tor went
In taking up detailed list OF the
companyis expenses Gillette said the
company last year paid $4,000 for
luncheons for employees
Toward the close of the session
President McCurdy made the startling
statement that an insurance company
was moi an instituaon founded 10
make money, for the policy-holders,
but was, or should be, a great philan-
thropic enterpr Sc founded to increase
and spread its benefits over the entire
earth.
There has been a great mistake
made" he said, about the real
province of life insurance companies
IN lhese later years. People have been
letlo beliye the main purpose was to
make money for its policy-holders. In
my view that is not the purpose Of
such companies They are eleemosy-
nary. When the man is insured IN a
company he should take into consid-
eraUion the fact that he has entered
great philanthropic concern that is
IN duty bound to spread itself, even
hough this growth prevents him from
realizing as much as he expected"