New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-10
M'CURDYS UP TO-DAY.
BOTH TO BE EXAMINED.
GIoom,4mong Insurance Men OUer
Mr. Hughes's Refusal.

When the insurance investigating committee
resumes its sessions to-day. Robert H. McCurdy
of the Mutual, viii be put on the stand, to be
followed by Richard A. Mecurdy, president of
the society. They will be examined by Mr.
Hughes about the sums paid to them for
salaries and commissions. Important inforna-
ton will also be obtained it is hoped, regarding
the influencing of legislation, and whether the
Mutual paid its money to lawyers or agents
The investigate expect to take up the ques-
ton of the pa Mt of money to Bowles the
agent who organized revolt against the Nc
Curdys. which was speedily dropped. This has
already received some attention, and the COM
rnittee intends to probe 1t to the bottom.
The chief topic of conversation IN insurance
circles yesterday was the refusal Of Mr.. Hughes
to run for Mayor. None of the officials of the
big companies would be quoted on the subject,
but their offices gave out the air of gladness.
Privately. there was much gloom because of his
remaining at the head of the investigation.
James McKeen. mis- associate counsel, said that
he was extremely glad Mr.. Hughes had decided
not to take the nomination
Personally. 1 never for moment thought he
would" said Mr. McKeen. I'VE shall resume
the investigation tomorrow along the lines al
ready laid out. and shall push it to the very
bottom We shall take up all these questions of
legislation and private graft y
The McCurdys are not saying much about the
investigation, but they preparing for their
turns on the stand James M. Beck, their chief
counsel. has virtually deserted his own offices.
He has taken an office in the Mutual Building,
near to Richard A. McCurdy's, and spends most
Of the day there with the father and son, adj
vising them and going over the MutuaPs affairs.
The committee intends to take up for investi-
cation the subject of large expenditures for
stationery and printing by the Mutual, The
annual reports show that while the Mutual in
1904 paid for stationery and printing s60l 101 IL
the NewYork Life spent only s420,SsS SO and
the Equitable s275,060 20. The committee. it
was said yesterday, would call L. w Lawrence.
a stationer who occupies an extremely valuable
suite in the Mutual Building, to ask about Mu-
tual printing Mr. Lawrence does a great deal
of the business for the Mutual and the Mutual
subsidiary companies.
Mr. Lawrence was out of town yesterday, out
Oscar Rogers, his manager, spoke for him. Mr..
Rogers denied positively that there was any
blood relationship between Mr.. Lawrence ana
any of the Mutuars officers. He said that no
contract existed by which the Mutual was to
guarantee a certain amount OF printing Work
to Mr.. Lawrence, and no understanding 10 tnat
effect, far as he knew. Mucn OF the WoIh'
he said was obtained on competitive Dlddlns-
Other firms did work for the Mutual Mr.. Law
renee had not been subpenaed. he said, and II
was not Knoy5n that his testimony was wanted
The State Insurance Department has vlrtually
finished it's Investigation of the Equitable, ana
a supplementary report is being drawn up
This according to Robert III. Hunter, deputy
will be sent to Superintendent
Hendricks in few days probably The work
of preparing it may take week. Before super
intendent Hendricks transmits it to Governor
Higgins a hearing viii be given to the Equita-
BILE officials on the charges and recommendatlons
contained in the report. The results OF TINS
hearing will be sent to the Governor with the
report which viii then be filed in the insurance
and be made public.
The investigation of the Mutual is just GET
ting under way nicely. 1t is expected that IL
will take several months Following that there
probably will be an investigation of the New
York Life.
According to a report in insurance circles
the question of whether a legislative
Investigation should be held was put Defore
George w Perkins by various influences. MI
Perkins the report says, debated long and SOL
EMMY then said:
yes, let EN- go ahead. We've been cleaning
house up there lately; 1 don't think they can
do any hurt"
The Ryan trustees of the Equitables stock
will hold a meeting on Wednesday TO decide on
candidates for vacancies in the directorate.
meeting of the board will be held on OCTOBER 20.