New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-16

| cash.
'non-edger'' securities? A-Charged to the ofhes
sGGPgRt nn9 o OF II the b6sd 'cconts and don't see
| that it makes much difference where 1t was
| QSYou have spoken of g payment in 1s9a Al
| don't know if it was in 1872; II was the hrst Nc
o-That was 1895 A-That was 1885 very good.
In 1892 Mr.. Mccall was president Of the company
and he was Democrat. and II vas a DsEoc5Tago % 5
Ioh that neIsced our pPIlcy lol'isIS iiS17S'S' 49,
o.IYou spoke of another contribution besides the
one of 1895 what that2 Al said we MADE
contributions, in the first Mckinley campaign ana
Q"ia66s HEI DON'T recall the date: you
Q1In What account was that carried9 Al
really don't know, but would be very giad 10
o-!Haye You got the account here that was Pre-,
covered the disposition Of the proceeds OF the non
Logger assetSs ~ beg your Raroon 9o+ shovru
amounts realized from non-edger assets. under
| Bank office account there was no account That I
asked for this morning which included some securi-
Q-T think you have that book here.
Mr. Perkins here broke in with;
Il would like to make a statement This check for
the campaign drawn to the order of J. P. Morgan
| Co.-that has no significance whatever. The money
was ordered paid by the president and cnecx
was drawn that way undoubtedly This is the nrsS
time have seen it. 1t was done because 1t was tne
most convenient way There is no special reason
why it was paid that way"
Mr.. Hughes resumed;
Q-while We are that should like to hsxs
What ether HS hi been be Ro1 made fos
political purposes. A-None TO my knowledge
the finance committee? A.-No, before the presi-
dent.
Q.-Wtth your concurrence2 A--Yes, knew and
q There was no formal action Of the finance
committee? A.--No
Senator Armstrong then asked who else ap-
proved.
"I don't know: except Mr. Mccall and myself"
Mr.. Hughes resumed
are o the Is the cbas for fS o4d m mde o
Mr. Bliss that the New-York Life would contribute
as much s. coo Mr.. Bliss made various cans
| from time to time for amounts which paid myself,
end Of the Year his amount was the amount found
to be due, and that amount was paid back & to me
had personally advanced the money l1.,.. =. an,
other political contributions except the ones spee-
| C-Were you in a position know whether, or
not any were made by y9pr G0mpqnyi 60 1yitio - Know
! absolutely whether they were or not
| Q-Snce you have been the chairman OF the
positfon to Know? AINo this dd not come TO
the finance COMMITTEE TIE 1na9ce GoIillItsg3 i t9sg53
specific things bur it is not charged T1th Ine S- se
IS a question that ought to be looked into | think
! there ought to be some> broadening IN these S0-
! panies with that authority.
PRESIDENTS LARGE POWER
| OF the president of this BY exec'1l;
tive order should pay out - Cgtg or 0n Syo to the
ina. ti go Of be fnance committee or any else
| but the president? Alt could; yes. sir Ihat -
very sEoU IL v6r view Mr. Perkins. that contrihu
tons by ng tnSgrTRee be pf0Bde &T most certa
think think it is bn very To oae Gentlemen could
| do nothing better. among the things that f, ha.9
occurred to me- than to enact a law. As As ne M la a
requires now as 1 understand it. if a man Is run run
ming office he must scne9u.e al ne ERIs,- Tso
pe's money should make schedule to show 9e wasS
ii p% oI,r[ that situation will arise like the NC
Knley campaign AID that we a. o4sI f ~ esc6 ooiicy
,5 ~ CEl', - %Drotect his interests; but tfink Wnsn
it is done it ought to @ pc of tat kind It is hobby
| Of mine. I think, to control these 0onp4"i7 -
utmosT Tb pff'5ht is What trying to get at ANoT
,btios ms would be justified. and every pohoyho'a
would iGd2rfe df think it safe to leave that To- the
seTresfrant or the companies thensGV@eSh Is h.5f ta
VIII put IL IN & a iaIdgment Of the men themselves
TaE Mr. Mccall Is the best iliustraIIgniL SgL Es Sas
Hoc~af The first campaign in wnlen1 nl1nt ne 80 49,
i9nt Deln9eId' Of the New-York Life he didn't con.
tribute because 70 'nese t McKiney campaign he
trIbIted his own and the company ef
threatened the assets Of It's poNcy To lsA con-
| +r1butn 10 the first Mckinley campaign A--As
haye stat stated r,cB SC in the second campaign7 Al
Q9I would like to have you produce st,i 40 sess ee
OF the president. under executVe is SuSnots,S; ~
resolution OF the finance committee, now ls -. Sa<
brought to the attention OF the ohlcers OF tns %
finance committee passes salaries ana IniSSs gSs
prescribed by the bylaws Ihey 90 n Po tb P sSsney
account and general expenses OF various at5 =
in any corpora ton. and that Is why susssFS,sseN
tbs+ sort Of supeTvision is in order.
O-You don't think much should De leIe 20 tt S.s
that sir l should thiak it should be left TO tes "a
authorities at present but 'hink mn 3 Plies 4bsss nsrtic
lar items Mr.. Hughes, you have got 10 give Hi0u
o.@Do you know A.-You have got 10 siVs
oi"But in your company why don't the finance
{anl nsvs out? A'Mr Hughes If they did they
would go down and sit there as clerks al '
"ooi&lThev could call for payments and find t o%t
what has been done at LEAST even MINK S's that IS
a good suggestion; 1 think that would oe "Oi'-
while
MONEY USED AT ALBANY.
Mr. Hughes then disresscd to the discussion
: of the 100000 paid in two checks to the order
Of Andrew Hamilton. Of the law department OF
the Nav.-Yorl Life. Testimony had been taken
in tbe morning that these transactions affected
q n,,rcbase Of land for the Nev-York Life IN
wortbst The two items appeared in the same
mysterious ..non-iedger assets book of the
! t4a,over Bank branch. But this did not satisfy
/ Nr Hughes who could not see why a real es-
J toto transaction should be entered in book
of more or less private character, and he In
sisted upon the production of the checks. When
tbasa we're produced they showed that the
hacts had been cashed through the New-Yorh
state National Bank of Albany. Obviously this
fact aroused Mr. Hugaess suspicion. for he pro-
ceeded to question Mr.. Perkins closely on this
point. He asked,
Do YOU know whether these payments had