The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-10-06
HE WILL INFORM
THE GRAND ID jury ].
Jerome to Act in the
New York Insurance
Scandal.
IMMENSE SUMS
PAID RELATIVES
More Than Two Millions e
Members ls.r1 rs Of Family Of GEN
eral Manager Mccurdy,
Of the Mutual Life.
Division Of the .8a
States.
.(By Associated pros,,,s,L q (

3,s (By Associated Press.) I'M. @
H,'8 NEW YORK, October 5.-DIstrIct A.
torneyi William r. Jerome announced Il 4, u
ssasenent to Justlre Davy In the Grim. -
5,na. ~. Dranch OF the Supreme Court to.S
ga that he Intended to present to ttet /
extraordinary grand Jury the revelations
aHteetlns s't1t. the conduct Of life Insurance {
business which haze been m ade before
tne legislative investigation Comr,i tea.
nv. jerome said the inquiry by6thjs1
COMMITTEES has shown greater moral OBJ
iiiqutty and moral obtusenesa on the part
q persone Important II the bus ness
world than did the t'shookna rcyeI I ion .,
In regard to tho Equitable Lie. 81 {
a He said there was public excitement
and sense Of outrage at what had been
done, and that Il would Undoubtedly meet
with general comm mendatlon II he were
TO select certain Individual transa az ions
and place them before the grand ;ury at
once. However, he regarded It as Ills
duty to walt until the eInvestlgatngs Corn q 4
mlttse : Ii'e had completed lta work, and then
to ask fer an extraordlna ary grand Jury
and lay before It the matter disclosed
BY his own study Of tho situation. az /
we'll as that OF others. This she said 5te
Intended TO do. ,3555 .SS
Millions in Commissions.
Tfat the astounding total OF more thar, 4
s$2,4000O0 has beer paid as com missions
by the Mutual Life Insurance Company
to two members OF the family OF Richard
A. MoCurdy, and the promise OF District
Attorney Jerome that the Insurance scan ~
dals certainly will be submitted later to-
an extraordinary grand jury, were the
sensational developments In. the insure
ance situation to-d day. 8$G $G5 f E3S
It was brought out by Testimony before
the Leglsla tive Insurance Committee that
Robert Fl. M Cllrdy, a. son OF Richard
a. McCurdy, d has received az com misstcns
on foreign business 81. 81, $40 an d on do
mestic business $541 ,s52@ " and 4 that $Loals
3A.s3 T Thebaud son In law 81 Richard "A.
SMcCurdy, has received an nggregate Il Of
$500, ,113 ii, commissions from the COM
Spany. 3 1t was also brought out that Rob-
terta Fl, McCurdy5 expected his income this r
year would be about 81 10, 900. III 4 M
Previous to this testimony, w. i. q
Thummel. an attorney Of the Mutual
Life Insurance Company, testified that
he had paid to the chairman OF the Re-
publican Congressional Organization Com -3
mittee tho sum OF $4,000 in cash as
campaign contribution. git38iN33
Another incident OF the days develop
s1nents was the publication Of q letter
from Charles r. Hughes. counsel Of the
Legislative Committee to Samuel Unter-S
lmyer, counsel for James H. Hyde. the
former controlling stakeholder OF the J
Equitable Life Assurance Society, N itl59
which Mr. Hughes said the committee
would make no discriminatory in favor
OF Mr.. Hyde Iii his examination before
the committee, q 5di
Legislation Necessary.
Tho Chamber OF Commerce Its meet
ing to-day adopted resolution declaring
that additional Legislation Is necessary
for the proper regulation OF life insur--ss3
ance companies 5 IL III s45 w fs&4455
w. IT. Thummel. the attorney who was
associated with Judge Andrew Hamilton
is looking after LEGISLATION for Io the New ny
York Life. the Equitable Life md The
Mutual Life Insurance Companies in the
so-called legislative pool that was ex-@
rosed last week. testified before the x
committee that he wac now employed ms
an attorney for tho Mutual Life Insur--s 81
snce Company at salary OF 81, 200 a year. w
Mr. Thummel said that he personally
placed in the hands Of the chairman OF i
the Republican Congressional Campaign
Committee $500 in cash which had been Z
given the witness for that purpose by
Vive-Presldent Robert a. Granniss. 9
The Mutual Life Insurance Company II
Witness said tho contribution had been
suggested by the danger Of q Demoora.i
tic! House, that would result In tariff
rnd other legislation OF a characterize &
upset business and affect policy holders.
He said other companies had been asked Y
to contribute, but he did not know how A
many did, Mr.#Thummel denied paying Y
any money to any LEGISLATOR for the pur-S{
pose OF influencing LEGISLATION or to any
other person for that purpose. Flo de-
scrbed the legislative pool and said the "
expenses were met by the company look-
ing after the territory In which expenses y
We're incurred and later nm adjustment
OF these expenses was made by the three
companies, He had received money from 81
the New York Life In these adjustments.
hut kept no account of his disburse-5
ments. He said the Mutual TAfo had paid
out In 1904 about $1,000 for legislative
work.
Division OF Territory,
vision of legal expenses among the New
York Life Insurance Company, tho
Mutual Life Insurance Company and the
Equitable Life Assurance Society. Mr.,
Thummel said:
.'The Mutual Life has Virginia, North
Carolina, Alabama, Kentucky, Ohio,
Michigan, Minnesota, Washington, Ore
to Maryland, South Carolina, Georgia,
Louisiana, Mississippi, Texas. Colorado
Arkansas, California, Nevada.
''New York Life had Indiana, Illinois, II
Wisconsin, Iowa. Kansas, Missouri.
Tennessee and Oklahoma, The rest OF
tho territory Is Open" S.
It was this point that Robert II Me-
Curdy was called. He had q number ot \
documents In his hand as he mounted
tho platform. and when he had besn
sworn, he testified that he was the gem
oral manager of the Mutual Life lnsnr-
ance Company. His powers. he said,
were delegated to him by the president
and yice-presldents Of the company,
His duties were principally confined %
the supervision OF the agency system ef
the company In this country and abroad
Like Mr., Perkins, OF the New YORK Llie
insurance Company. he appeared 10 ba
the one factor that built up the foreign