The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-10-07

Al EW YORK, Oct 6.-Closing a week
every day of which has produced
sensation that has stirred the
country. the special legislative commit
lee investigating the methods of nsur-
ance companies adjourned today until
Tuesday of next week. the sessions TO
be held Tuesday Wednesday and
Thursday, instead of Wednesday
Thursday and Friday as heretofore.
This change was made because Friday
Is registration day in this state and
members of the committee desired TO be
present in their various districts.
hen the investigation opened today
u was expected that the president of
the Mutual Life would be called TO the
stand before the day was over BY a
misunderstanding, however, President
McCurdy had left the Office of the Mu-
tual Life before he was called for, and
itAtS expected that he will be the first
witness on Tuesday.
Mccurdy Got $4,000.
In tOday's testimony sensational de
Nelopments was brought out when Mr.
hughes demanded the payroll of the
executive officers of the company. This
was produced and showed the salaries
or these officers since 1877. For the
year 1904 President McCurdy received
Sl0O,OOO, two vice presidents were paid
$4,000 each, a second vice president
Sli.50O the third vice president SIC, 600,
and the general manager $500 vino
this year viii receive $50 000 and the
treasurer 500. 600.
Robert McCurdy said he never knew
the salary of his father until today
when IL was read in the committee
loom. He thought. however that there
should be no limit To the salary Of such
positions, because they should be i'm
accordance with the aCCumulatiOns of
the company.
When asked if il was any benefit to the
poliey-holder to Increase the presidents
salary Mr.. McCuTdy said he thought
the trustees had considered that when
they Increased the presidents salary.
No Increase, however, had ever been
considered when he was present a the
trustees meetings
The Raymond Graft.
Earlier i'm The day when Mr.. McCurdy
was on the stand Mr., Hughes tried 10
bring out why c. II. Raymond x Co.
and the partners iu thar firm received
larger emolumehts from the business than
any other agency.
AIr. McCurdy said he did not know what
Mr. ThCbaud received from the business
and had never talked 10 him about his
personal affairs lie said 10 was "a large
reward for large aehiey ements, and that
ali businesses of large magnitude were
built up ON that principle
During Mr.. McCurdy' testimony il was
brought out that George Raymond. a
brother of Charles H. Raymond, was ire
general agent for New Jersey; that How
ard Lewis, the general agent Tor northern
New York, with an office i'm Albany, was
cousin of either the vice president Mr.
GCanniss, or Mrs. Granuiss that DR. l.. j.
Moss, the medical director of the Mutual
Life, married "a sister of the president
OF the company, and that r. StuyEesaut
Pilot. an inspector Of risks, is "a cousin
Of Louis Thebaud, sOu-m-law of Pres dent
MCCurdy and partner of the Raymond
firm. q, W. White, a secretary of the
company, whom Mr.. MCCurdy was asked
about he said. was no relative of any
officer of the company. but that Mrs
White was a niece of Mrs. Grauniss wife
OF Vice President Granniss,
Dodged the Question.
Al one point in the days testimony
much interest was manifested when the
expenditures of the company were taken
up. An auditor of the Mutual Life, Q. 4.
PreIler, was on the stand. and he was
expenditures. Ii was gathered that these
were passed upon by an expenditure COM
amittee, of which Robert ELEPHANT was
chairman. Three entries on the books
of payments to Mr.. Olyphant of S2J.U1U
each were looked into, but no connection
could be CLEANED. Mr.. Preller was asked
about the campaign contribution 90 the
Republican congressional committee
which was disclosed yesterday, but ne
said none had come under his obseryd-
ton.
siOual committee was looked for when the
ledgers were produced, but up 20 adj
journment this afternoon this had NOT
been found.