The Oskaloosa herald., 1905-10-12

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hoiaerA bennett And that AL was reg
niar. ~. Gillette, one ~ The Wien pres
ssents, told hlm Il whe For law puf.
poses
witness ala not feel responsible ID
enc company. "a executive ctlicer hAy.
inR told him II was perfectly legal ~
took no vouchers f0r this payment
nor Cor others ID August and Decem'
Der, 1904
Granni-s Refuses 10 Talk.
Vice President pranhlss. another
witness, said ne had Instructed Mr.
Thummel from time 10 time relative
10 attention 10 legislation IN various
atateH. but he could not recall the par.
ticulara.
rs your mind blank on thls sub.
q ,ectHn Mr.. Hughes asked.
"Not entirely"
swell. viii you please state anything
there might be IN IT,"
"you mean Ia my mindl' asked the
witness.
Eyes"
j well, out or respect to you won't
speak it, hotly retorted the witness.
Vice President Granniss knew little
!, about the contributions to campaign
!. funds, but justified them ON tho same
4 ground as President John A. Mccall Of
the New York Life, that the free silver
plank in the democratic platform was
7, q menace to, the interests OF the policy
holders. When the method Of the ex-
penditure OF. the $4,000 items was In
quired into Mr. Granniss admitted
that the general solicitor could get
$4,000 any time he wanted II, without
disclosing for what purpose he wanted
it and without rendering any account
OF It. He further said he never knew
where cent Of the money spent by
the general solicitor went.
McCurdy on the Stand.
President McCurdy was on the stand
all OF the afternoon session. He de-
tailed the manner Of his entrance into
the insurance business He practlced
law for nine years and was counsel for
1.-the Widows and Orphans Benefit Life
Insurance company. Of which G. II.
Raymond was the president. When the
company went out Of business Mr. Nc.
Curdy went with the Mutual Life. Mr..
McCurdy testified that he never knew
what Mr.. Thebaud, his son-in-law, was
getting out OF the business Of g. II.
Raymond & Co., and said he did not
think II was any Of his business TO ask
about Mr.. Thebaud's personal affairs.
He said the company did the business
70 get the commissions and that was
all he knew. All contracts we're made
without his knowledge. Witness said
on the matter Of salaries that he never
requested that his salary be raised, and
all such increases he took as compile
1nentary TO his management OF the
business. They we're always made BY
the committee on salaries OF their own
volition. as
Mr.. McCurdy said he had not given
particular attention 10 the matter Of
salaries In late years. When his salary
was advanced from 100000 10 s150,00O
It was done by the committee on sal
aries. He never in his life made a re-
quest for an advance in salary. Wit
ness took the advance as mark OF APP
probation OF his work. He would have
continued his services whether his sal
airy was increased or not II certainly
did not interpose any objection" he
added, referring TO the raise In his sal
airy. II was brought out that the wit
ness and DR.. Gillette held enough
,policyholders TO control the board Of
trustees by electing It's members.
Attorney Beck asked permission for
President McCurdy. In explanation Of
the increase Of his GALAXY 70 $4,000, to
tell OF the growth Of the business Of the
Mutual life under hts management.
Doing so, the witness said that the as
sets Of the company we're 500, 600. 900 in
1883 and now they are s4570o0OO0. He
said that when he took charge the COM
pany was going down, and he had built II
up until now II Is one Of the largest in
surance companies III the country.
when President MeCurdy had run over
the figures OF the assets, payments TO
policyh0lders, disbursements and new
business, Mr.. Beck was permitted 70 AJAX
the witness II II was not fact that the
Mutual Life Is the largest Insurance
company Of It's kind In the world. with
assets greater than the combined as