The Birmingham age-herald., 1905-12-28

surance companies, many of them taxa ton measures. In Indiana the attempt was made to pass a law placing the sur render value of life insurance policy on the list Of personal property which was taxable to the owner. Companies which offered no such advantages to pol leyhoiders supported it as an attack on their rivals who offered this advantage. The measure, however, was defeated Fol lowing out the idea developed in Indiana, several states, notably Arkansas, intro duced similar measure, all of which were defeated
 Representatives In Every Capital.
 At the capital of every state we have either retained representatives for the companies or are in cooperation with some one who has retained representatives duly influential. It has been advisable as the result of experience, to avoid as far as possible any exact public informa- tion who represents us. Where it be- comes necessary we have often occasion to employ the columns of the public press for discreet advocacy of our views; this method has been found to be very aff1cacious, but it has also been found 10 be very expensive. I have found in my work that in any legislative body in the United States there was as large proportion of honest men as there is in RAiS pCNJ Ol llltll III any wan pl AAANs T Si - init me also to state that in my work have not found it so difficult to defeat blaclmailers. A man who is out to black mall corporate interests is generally well known and his character thoroughly un- derstood. These men never retain infiu- ence for any length of time"
 statement of money received by Mir Hamilton shows the total of S720,550 for the years from 1899 to 1905
 He pal1q af fo ar of GOO for "retainers and newspaper articles" in 1904, and says q large portion of this expense was oecasioned by an attempt to create public sentiment throughout the United States in favor of national super vision of insurance. Under the same heading $97000 Is charged for 1905, and the increase was due, he says, primarily to the troubles In the Equitable Life As surance society. Concerning the $235,OOO charged against him by the New York Life, Mir. Hamilton says:
 T note the amount of s235,000 charged against me for these accounts and which has been fully brought in President Me Calls explanation to the investigation committee, and which it appears by his testimony I was entitled to apply on oth- CT accounts. The discharge of obligations incurred or aecrueing in my department in 1904 and 1905 not represented in the Sldttu payments lOT lHtSe years, Ily ufl- settled accounts for retainers, for commits sions, for percentages, and the balance under my special tax arrangement, all of which accounts are still open are to be deducted from this gross amount. I have, however, no objection as an evi- dence of good faith during my absence, to place in the custody of the company s1O0,000 which it may hold and which 1t is to repay in whole part as appeas on such future audit"
 Saved Company Much Money.
 Mir. Hamilton sets forth that the tax measures alone defeated his by work have saved the New York Life Insurance com pany over $2,500000. In concluding his statement. MT. Hamilton says that the "injunctions of the president of the New York Life to me were always unmistaka- bly explicit that my expenditures and my work were to be strictly confined within the limitation of the laws of the land. These instructions have been faithfully followed. I want 1t thoroughly under stood that not one dollar of any money paid me by the New York Life Insurance company has been used improperly or for improper purposes or in a way that trans gressed either the statutory law or the moral law"
 Statement of Legal Expenditures.
 A statement of legal expenditures other than those to Hamilton were produced by Mir Mccall showing a total for such expenditures of $l1O3,92O from 1901 to 1907
 MT. Mccall said he did not know Hamil ton had not made an accounting of the s235,00 which President Mccall has prom ised to pay if Hamilton does not account for it. MT. Mccall said he did not know whether the $10O,000 which Hamilton. in his statement, promises to place in escrow was part of the $235,oOo. neither did he know whether Hamilton had s100,000.
 Mir Mccall said he took list of items from the New York office to Hamilton for whc hhe was to account, trusting abso- lutely to Hamilton to explain all. MT. Mccall said Mir Hamilton knew of the transcripts of bank accounts connecting him with expenditures, the committee would like to know about. Witness said he insisted that the checks or check books be produced but Hamilton said he had none to produce.
 The items in the list given in Hamil- tons statement were taken up with the witness, but he was unable to give any additional information. He did not ques- tlon any of the figures. and the large amounts for travelling expenses did not excite MT. McCalPs curiosity.
 What analysis or criticism did you subject this account to?' MT. Hughes asked.
 q gave it none" witness replied.
 MT. Mccall said he had not heard from any other source what Hamilton had done with these moneys. and far as he knew no further investigation has been made by any of the executive off eers
 "Then so far as you know said Mir. Hughes. "the statement of Judge Hamil- ton is the only information the executive officers have of what Judge Hamilton did with this money?"
 Witness replied that 1t was.
 Appleton on the Stand.
 Henry D. Appleton. deputy in superinten- dent Hendricks office, resumed testi- mony, which was interrupted by last Fri days adjournment.
 MT. Appleton's testimony was along the lines of legislation that had been passed to control assessment companies.
 During the examination of Mir. Apple ton concerning the methods in vogue in the department the witness became n- volved in a controversy with Mr. Daw- son, the committees actuary. He was called to order by the chairman, and MT. Hughes directed him to address his re- marks to the committee and not to MT. Dawson.
 the Fidelity Mutual Life Insurance com insurance department had revoked it's law.
 x1AtA hod no n