Durango semi-weekly herald., 1905-10-09

f<hNaiu lptNliu, mead OF the real eStat,
department The Kansas City build
, ing yielded 3H per cent, the Omah;
building under 3 per cent Minneap
oils 212 per cent. and ST. Paul les.
than l per cent. The total real estat,
of the company last year netted 81
per cent
Auditor White of the New Yorl
Life testified that slS6. 900 was given
Judge Hamilton by the company and
told how II was originally charged
TO tax account and later transferred
to contingent expenses. William
Thummel. who represented the Mu
tual Life in a capacity similar to Ham
ilton's for the New York Life. testi
Ned that he looked after legislation In
the various statos His statements
showed that New York Mutual and
| Equitable companies apportioned the
various legislatures among them
selves, each paying its share.
Hamilton handled one district.
Thnmmel another and the Equitable
third. Thummel said he recalled
somebody once gave him "speci-
fic amount" for Specific purposes. a"
Later he explained It was to create Il
public sentiment to prevent certain
| legislation at Des Moines.
Thummel admitted that Mutual
gave $500 to the Republican cam.
paign fund and that he had person.
ally handed the money to Congress
man Babcock. chairman OF the Repub
lican congressional committee. He
admitted that there had been other
expenditures in the work of prevent.
ing legislation but said the money did
not go through his hands. He thought
that maybe $4,000 was spent by the
Mutual last year In this work. He
told of appearing personally before
the Michigan and Nebraska legisla
lures. He was successful IN Michigan
but failed in Nebraska as the result
OF opposition by the railroads. Refer
ring to Thummers statement that ne
had the best of the argument In Ne
braska but the railroads had the best
OF the situation. Hughes asked: Were
you not dealing with intelligent peo
ple?' Thummel replied: Il was deal
ing with the Legislators" which caus
ed general laughter.
NEW YORK, Oct 5.-District At
torney Jerome has determined not
to have an extraordinary Jury to in
vestigate insurance matters. To-day
he told Justice Davey in the criminal
branch of the supreme court that the
matter was now being Investigated by
competent committee and counsel
and the grand jury would only com.
plicate matters,
NEW YORK, Oct 6.-Robert NJ.
McuCrdy, general manager of the Mn.
tual Life. was again a witness in the
life insurance investigation today.
McCurdy said he did not know what
salary was paid to the general man
ager before he took the office He
did not know the presidents salary:
did not know that any one knew.
All contracts with agents were
made by the year, as provided for in
the bylaws.
Attorney Hughes probed into the
affairs of Raymond 4 CO.. New York
Representatives of the Mutual Life, OF
which McCurdy's brother-in-aw is
partner. Hughes asked why Raw.
mond e. Co. were not placed on a sal
airy, as were other general agents. Nc
Curdy could not say why the arrange.
ment was continued after December.
1893. but gave figures by which he
claimed TO have saved the company
$4,000 annually. Witness said no eff
fort was made to find ont the profits
of Raymond & Co, or whether the
company was paying for business
more than it was worth
Hughes then showed that net prof.
its of Raymond & Co. were about
$250000 year for the past three
years. and comparing this, pointed
out that the increase in Raymond's
profits were much greater than the
Increase In dividends for the policy
holders. The point that Hughes made
was that the heavy expense of getting
new business cut down returns to the
policy holders Hughes asked If other
agents made as much as Raymond &
Co. McCurdy and Chamberlain & GIL.
lette, representatives in Texas, alone
rceieved as high a rate. Gillette is
brother of the former general manager
of the Mutual. McCurdy said the
Texas firm got a high rate because
the comparatively sparse population
caused high expenses.
BUTTE, Mont, Oct G.-Pat Grove
has enliyened matters in the Butte
jail by tine confession Of a proposed
kidnapping. This time 1t Is scheme
to kidnap no less a parsonage than
John d. Rockefeller and hold the mil
lionaire for $1,000. 900. The plot was
to have been pulled of as soon as
quiet was restored after the Cudahy
kidnapping, but Grove states his part
| ner lost his nerve. He says;
THE kidnapping Of Cudahy was so
| easy we decided to try for bigger
| game and started for Cleveland after
the oil king. We went out and sized
up Forest Hill. his country nome, six
miles from Cleveland, and decided 1t
was dead easy. 1t is a quiet coun-
try place and the old man was there.
We had plan of the house and were
going TO seize the old man, hustle