The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1905-10-13

agent Of the Mutual Life Insurance
company.
First-That he performs for the
Mutual such services as Judge" Ham
ilton performs for the New York,
Equitable and Mutual This Is in
lueneinB legislation.
Second-Thst he paid 70 Congress
man Babeoek, chairman OF the repub-
licsn congressional campaign com
mittee. $500 to prevent the slscfIor
OF a democratic house last autumn.
This is misrepresentation Of trust
funds
Third-That the three big compa-
MES, the Equitable, New York and
Mutual, have divided the country into
sections for the purpose OF influence
Ing and controlling legislation and
taxation. This IS corruption Of public
officials
D P Kingsley, vice president Of the
New York Life, and sOn-in-law Of
President Mccall:
F1rst-That the New York Life Jug
gied its accounts to make a fine show
ing in its annual reports. This Is
called window dressing" and has
been held h the supreme court to be
q crime in the state Of New York
SecOnd-That a dummy sale of
bonds was made December 81, 1904,
to W s. Fanshawe for 1897, 500, and
that January 3. 1904, the company
lent to ". s Fanshawe on these same
bonds 1897, 800 Juggling the assets
Of an insurance company is a crime
Third-That !. p. Morgan & CO.
prOfited to the extent Of S per cent for
two days on the $500, 600 bond trans
action which Perkins termed a bona
fide sale, but which Morgan & Co. re-
garded as a loan. This involved a
false statement Of the condition Of the
New York Life.
FOurth-That large losses made by
the New York Life We're hidden and
practically written OF the books, by
charging them against profits on sep
arate transactions. This is classifying
the company's statements.
The Testimony Of Auditor Maine.
Alfred NJ. Maine, associate auditor
Of the Equitable Life Assurance So
ciety:
First-That the Equitable Life paid
TO Judge" Hamilton sums aggregat-
ing $45.3s0 for work in Albany.
SecOnd-That the Mutual Life had
the same arrangement with Hamilton
as the other two.
Third-That the three biginsurance
companies share the expense Of shap-
AlB INSURANCE leBlSldLlOn IN Q1merenI
states. This is bribery
Fourth-That the New York Life
has written down the valuation and
cost OF its buildings in order to show
in the annual reports, a higher per-
centage Of income on the investments
This is Justification OF the reports.
Fragrant Instances OF Nepotism.
The invest. cation has shown flag
rant instances Of nepotism IN the
three companies
John A Mccall has placed in the
New York Life his son, John c. Nc
Call; Albert McClave, a son-in-law;
Vice President Kingsley, another SON
in-law; John a Koran. his wffe's
brother; Edward Mccall, his brother,
and T. A Gremmer, his brother-in-
law. all Of whom receive large sal
aries or fees for special services.
Richard A DIcCurdy, who receives a
salary Of $4,000 a year, has placed
in office, or in a position to receive
fees, his son, Robert H McCurdy, and
years the two have taken S2,772, 600
from the company in salaries and
commissions.
In the Equitable. James W. Alex
ander, another 100000 a year pres
ident. placed positions, commissions
or fees in the way Of his brother, VIII
liam Alexander; Fred Alexander, his
son; h NJ Alexander, another son,
and the latter's D. rtner, cambridge
Colby, his son-in-lslw; c. B. Alexand-
CT, a cousin, and Arthur Pell, Z. broth
er-in-law.