New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-20

as -.c,,,ra5 hut did not recall that any in
sistence made as to the company by W ,InC,
the bond must be furnished. He testneo, now
ever that he and his both held stock IN the
Casualty Company of America. rms tran Was
then temporarily dropped 10 give MI MCouluS
time to investigate. ,
The amount of policies held by the Mutual
Life officials in their own company was prougn'
out in Mr.. McCurdy's testimony. His own m
surance almost all paid up, amounted 70 % I9V61
2O4 that of Robert II. McCurdy 70 $l40OVo'
that of Vice-President Granniss to SS6,0OO. Ihe
returns from the Grosvenor the Mutual apart
ment house in 6th-aVe., where President NC
C,urdv has an apartment was shown to be
eboy,f or ner cent Of the 100000 it cost the
Mutual and President McCurdys rental was
shown to be S4,5O0. the largest amount paid by
any tenant Another holding of the Mutual IN
New-York City, situated at West Broadway ana
Prnce-st.. shown to be practically uIe-
munerative. W. W. Richards, the ofcia! OF the
Mutual in charge of the property acquired oy
the Mutual on foreclosed mortgages, also tes-
tilted TO amazing transaction in Brooklyn
real estate, where a foreclosure had been fol-
lowed by a considerable loss Mr.. Hughes at
tempted to fix this at 100000 but Mr.. Rich
ards thought this was too nigh. He testified
that in the last fifteen years the Mutual had
charged off to profit and loss on real estate OF
the character under consideration approx
nately S1,00O.O00.
UP STATE REALTY DEALS
Just before the committee adjourned Senator
Armstrong asked about some property formerly
held by the Mutual in his home city of Roch-
ester. His information that the Mutual
about S1O00O00 and that when its holding OF
so large an amount had been criticised it had
through its officers formed the City Realty
Company which took over the property and
issued bonds which the Mutual took back and
subsequently sold. The Brooklyn property men
toned above was disposed of in the same way,
but no definite facts were brought out about
this. Mr.. Richards promising to supply figures
later. A similar transaction in Elrnira was sug-
gested by questions asked by Senator Tully.
but not probed finally, as the hour of ad-
iournment was reached before the explanation
was complete. Still another property deal in
Hornellsville, where an immensely valuable
building sold by the Mutual at a price al
legged to be ahsurdly low. was also recalled but
not developed, at yesterdays session for the
same reason
The WEAKNESS of President McCurdy was even
more apparent yesterday, and he plainly showed
the effect of the strain of the last three days Of
testifying. When his testimony was complete
he asked in an almost pathetic tone:
May I go home now, Mr. Chairman, have
not had chance TO get there for several daysT'
GO right along, Mr.. McCurdy, said Mr..
Hughes.
Although there are few more details which
he has promised to supply, the committee has
practically finished with President McCurdy. 1t
is the general expectation that the affairs of the
Mutual will be discussed on Tuesday when the
committee resumes its hearing, and complete
them.
David n. CarvaIho the handwriting expert
also visitor at the session yesterday and
examined the Plunkitt signatures. He declared
IIidt an thIee Had peeH WTiLteu py the saIle per
son, thus apparently establishing the fact that
the telephone boys reputation Of his own sig
nature Wednesday was either case Of for
getfulness of a remarkable sort or else a plain |
perjury. The committee, however, is inclined to |
give the boy every chance to explain. The pros
ecution will rest with District Attorney Jerome
Senator Armstrong made it clear in a brief
speech yesterday that the committee had no
power or intention to punish any crime shown
to have been committed at its sessions.
It is expected that the committee will sit only
two days next week. and then adjourn over
election as five members are Assemblymen who
are candidates for reelection and desire to
spend some time with their constituents