The evening world., 1905-12-28

was revealed this efbernoon 10 the
Legislative Insurencs Committee BY
Henry d. Morgenthau. president Of the
Central Bond and Realty Company.
In 1901 Morgen thau entered into an
agreement 10 increase tho capital stock
OF the Lawyers Title Insurance Com
pany, agreeing 10 take 1000 shares.
When Mogenthau receisd this aiiot-
ment he divided It among numerous
parties, Including the Equitable Life.
to which no gave 1000 shares. George
III. Squire f'and associates," of the
Equitable clique, got 800 shares. When
Richard A. McCurdy heard Of this he
went into a rage Finaxiy friends
brought him ana Morsenthau together
Mr.. McCurdy wanted to know what
I meant by leaving the Mutual Life
ou,." said Morgenthau. II VOID him chat
all the stock had been allotted and
that besides II had been my purpose TO
leave the Mutual Life out because It
was one OF the largest holders In the
Title insurance. company's one
competitor-the TILE Guaranty and
trust company ar Mccurdy was
worked up very much. Finally he sus-
gested that try to bring the two title
companies together In q merger and in-
crease the capital stock. Out Of the
Increase was to have let the Mutual
Life In This was never consummatsd.
Mccurdys Threats.
An the dine this was hanging nre
Augustus Juiliard kept telling Nor
genthau how angry Mcordy was-
when / had my interview with sfr.
continued the millionaire,
ne told me chat need expect no IA
vors from the Mutual Life nor anything
In tho way d loans Tnis was bad be-
cause there were only two o. thrve big
companies ioaning money on real es-
tate ventures. We needed the Mutual
and WISHED 10 placats Mr. Mccuriy,"
As q result Of this effort 70 plscate
the exar OF ths> Mutual Morgsnthau sent
word to Mocurty that he could have
'rnr the MUTUAL Loo shares OF the
Lawyers Mortgage Insuranes : Com
pasy. And ArcCurdy accsptcd this. but
/ never reached the Mutual Life"
Th,, vas me stock which was divided
among Mccurdy and the rest OF tne
Finance Committee Of the Equitable
A aresuit OF Morvcnthau's tsvor the
,loa,e was taken at Sl1 q share. ana
vo months later Mocurdy. lsefn. Jun
lard George Haven and Frederic Srom-
yell were selling their hoidinxs ~ from
y TrsSsrlc u cromwsr followed MOrsen-
nan VI. swors that ne didn't know the
toy haA been offered 60 Mccurdy for
ne Mutual Life; that George O. Haven
md JuiHard gave him an allotment OF
90 shares. He didn't know ana oion
ak where tfiey got the s,ock.
iseRn Didn't Know Either
Adrian Iseiin, IT,. testified mat ne
Iidnt know II either.
Before Cromwell got away from the
,i,ness stand he testified that me WORK
Z retrepchment in the Mutual Life mad
eE,m. He thought It was an "nonest
uess" that there would be . SAVING OF
!, ,t0O,O 900 next year.
Ton pawn discovered overnight that ne
,oas , mistake In his prcesiing testl-
nony when he said he had not fead .n'
yanderpoel report Of the Mutual ne
erye Late Insurance Company
"I meant TO say Mr.. Hughes" Lou
"a ,,.r,, carefully. "that ] had not
as . rsnort recently. II goes with
eau n,ns sn that read Il because ny
y, y ,os "a on It. Mr.. Aplston has re-
reshed my memory" ,
o. DID You employ personal counsel
, ohta,n decisions in insurance matters'
!. Yes, sir. 1 employed J, Ryder Cauy'
q why AZ a state oficer didn't you
.nnly 10 the Attorney-General for your
Snion9 A, Wen. / didn't like TO speak
lar ,spectfully OF a state officer. But
wa,I 10 say this. When | went INTO
he h,stIranco Department Iouno
nluions from the Attorney-General IN
nc year one way and In another year
mother way. All these opinions "ese
n the same question, MIND you. 20
hats why ! employed outside eSuhsSs hses
onfdsnce and who,. J believed would
v i.Naniutelv honest,
Az 70 the Prusslan Life.
q. Now. when yon admitted the Prus-
ian Life to this. State, didN you take
cunsel on that--on the law and your
lkht TO do III A Yes, sir.
a. Did Mr.. Nccurdy ssnd for, you az
~ nr1e? A. No. He telephoned 10 me
'hat Uas ihe day before -nled my
L. nrs on the Prussian matter. He
he wanted 60 SEQ me. but / told
nm there was no nse; that my mind
sas made kin In the matter linen he
sked n Ne couldn't see my attorney.
o II becomes my duty 70 ASK YOU
fr Payn. n there is any truth IN me
~. nawsnapers that you received a pay
nent of $4,000 from the Mutual Re-
erve7 A. When that was printed ana
ha nnVanapers asked me what about
|, I said ! had nothing 10 say
There "A not q word OF truth I'm
I, ana I wish 20 say that any man
vho would even suggest a thing
q me would be fortunate ~ he
.ot away with Ills Sesd or his
Then came J. Ryder cady TO the wit
icCurdy with having tried 70 buy PIN
IN the occasion when he visited him
nd convey the information from Lon
,ayne that the Prusslar companies
would he Outwltted.
This was the way Cady told Of his
all upon Richard A.. McCurdy il the
Irss,dents office OF the Mutual Life:
cadys Call on McCurdy,
Il was sent for from my hons at