Omaha daily bee., 1905-12-29
DENIES REPORT OF BRIBE
NJ Psyu Says Mutual R.s.rv, Did Not
Pay $4,000 for Favorable Report.
McURDY AGAIN IN BAD LIGHT
Former President of Mutual At
tempted to influence Action OF
Department in Relation 10
Prussian Companies.

NEW YORK. Dec. S.--Douis f. Pawn
and j. Rider Cady. who was employed at
times as counsel by Mr. Payn, while the
latter was state superintendent of insur-
ance, were the witnesses today before the
insurance investigating committee. who
furnished practically all Of the interesting
testimony. Notwithstanding the fact that
more witnesses were examined than on
any day since the investigation began.
Mr. Payn was called to complete his
testimony interrupted by adjournment yes
terday. and ir reply to one Of the first
questions asked him emphatically denied
the report that he had received $4,000 from
the Mutual Reserve Life Insurance com
pany and had allowed that company to
write its own report OF investigation
which Mr.. Payn had caused to he made
in 1899. Mr.. Payn characterized the report
/ as absolutely false in every particular and
said it grew out OF a night between James
d Wells former vice president OF the
Mutual Reserve. and President Burnham
! Of the same company.
Case of Prussian Companies.
! Judge Cady was brought into the in
/ vestigation by reason Of his having APP
peared before Mr.. Payn in the interests
Of Prussian insurance companies seeking
was denied by Mr.. Payn, but two years
! later was granted.
President McCurdy Of the Mutual Life
Insurance company had asked that this
permission be held up until he could see
Mr.. Payn This request was refused but
Mr.. Payn had Judge Cady call upon Mr.
McCurdy.
Mr.. Hughes asked II Mr.. McCurdy said
the Mutual Life would pay any money fol
IA contrary decision. Judge Cady said he
did not. but that Mr. McCurdy offered hin
a retainer in behalf OF the Mutual Life
which he refused.
The New York Office of the insurance de
partment was inquired into when Rober
Hunter, deputy superintendent. was called
Mr.. Hunter cdhld add nothing as to the
conduct of the insurance department Il
that which had already been supplied. L
was brought out that through his influence
he had had a medical examiner of th'
Equitable Life Assurance society in Pough
keepsie discharged.
Black mail by McCurdy.
Accumulative evidence on the allotmen
, Of the 1000 shares. of stock of the Law
yers Mortgage Insurance company. whCl
while held for the Mutual Life Tnsuranc
company were accredited to members O
; the finance board was taken In the exam
nations Of Adrian Eselin and G. G. Ha
ven of the finance committee aud of Fred
erick H. Cromwell. the present acting pros
ident of the Mutual Life.
Henry Morgsnthau' Of the Eawyers' Mort
gage Insurance company told how MI
McCurdy had become Indignant because h
had not allotted shares In the Lawyer:
: Title Insurance and Trust company, an
10 appease him a block OF Lawyers Mort
gage Insurance company stock was offere
him, but he would not take It and furthe
gave Mr.. Morganthau to understand tina
. no applications for loans from either CON
2 pany would receive consideration from tn
r Mutual life.
j Mutual iE EconomiEInR.
When Mr.. Cromwell was on the stand h
was asked what consideration ne ha
given to economies in the Mutual Lift
70 He said he could not give exact figure
: for the record. but that there would
/ a saving Of perhaps 81 ,5oo.oOO next year. II
added that the most unpleasant duty i
T. had 70 perform that of headsman
: dlscharglng employees during the last 70
{ weeks.
Late in the day the United States Iii
5 Insurance company's affairs were take
u up by Mr.. Hughes. The president of II
n company. John P Mum. called to n
II stand. He submitted a number Of stat
ments Of syndicate participat tons whic
" were read for the record, also statemen
II of the cost Of insurance to his compan
Is He will resume tomorrow.
IT District Attorney Jerome today receiv,
It a COPY of all tho evidence thus far SUI
d mltted to the insurance investigation con
J. mittee. There are numerous volumes.
frf ntt soil