The evening world., 1905-09-15
Continued from First Paoe.)


l think you gentlemen could do nothing
better-among the things which have
occurred to us-to enact a law as the
law requires now, as I understand It,
namely. II man is running for office.
he must schedule all he pays out.
l believe any Institution dealing with
other peoples money should make
schedule to show what 1t paid that
money out for. I believe in a country
like ours that there will situation
arise like the Mckinley campaign and
that we ought to contribute 10 cents. Is
cents. so cents or 81 from each policy
holder 10 protect his interests. but I
think when g. is done It ought to be
known 1t is done.
] think there ought to be a law of
| that kind. 1t is a hobby Of mine. 1
think to control these companies is by
the utmost publicity.
| Q. That Is what / am trying to get at.
A. Now II we had a law, I believe these
particular contributions would be justi-
| fed and every policyIholder would in
dorse It.
Mccall a Democrat.
Q. You don't think 1t safe to leave
that to the self-restrain of the COM
panies themselves? A. / will put it in
different way I think 1t best to leave
{ to the Judgment of the men them
selves. Now, Mccall is the best illus
tration. He is a Democrat.
The first inwhich he was President of
the New York Life. he didn't contribute
| haClaIlge icsn hi,t
when it came to the Mckinley cam
paign he contributed, although a Dem
ocrat, and voted for Mckinley. con-
tributed his own money and the COM
pany's money because he believed there
was a great peril which threatened the
assets of the policy-holders
Q. How much did the New York
Life contribute in the first Mckinley
campaign? A. have stated $4,000.
Q, How much In the second CAM
paisn? A. As 1 have stated, $4,000.
Q. l would like to have you produce
astatement showing those payments ?
A. I will do so.
.. II the President, under executive
authority. makes a payment of $4,000 or
100000 without any resolution of the
FINANCE Committee. how is that brought
to the attention of the officers of the
company? A. think l have already
stated the Finance Committee passed on
salaries and things prescribed by the
bylaws. They do not pass, for instance
on the great expenditures OF the agency
account and general expenses of var!-
Gus amounts In any corporation and
that Is why I suggested a few months
ago that ! believed the criticism of that
sort OF supervision IL harder.
Must Have Some Authority.
Q. ou don't think so much should be
left to the authorities as at present
A. don't esree with that, SIR. / should
think 1t should be left to the authori-
lies at present. but I think blanks
ought to be furnished that would call
for all thess pauticuar items. Mr..
Hughes, you have got to give men au-
thority.
Q. But in YOUR company why doesn't
the Finance Committee see to II that
they know what the President pays out ,
A. Mr.. Hughes. IL they did they would
go down and sit there as clerks an the
while.
Q. They could call for payments and
ind out what has been done at least,
even II thev can't be there In each
case? A. think that is a good suR-
sestion. think that might be worth
while.
| q. In this same account. Hanover
Bank ONCE account, there are two pay.
ments given here by order of the Presi-
dent under note OF March 10, 1901. to
Hamilton, aggregating 10000. DO you
know of your own knowledge what
they were for7 A. No. sir, do not.
| @. Do you know anything about them
A. No, sir.
O. I should like to have those two
checks produced II they are here.
Chsoks Are Read.
Mr.. Hughes-These checks are pro-
duced in accordance with my request
and / win read them In evidence.
Breads the checks3
There was a whispered conference be,
tween Attorney Hughes and Chairman,
Armstrong.
May / say something?'' spoke u1
John C. Mccall. secretary Of the New
York Life.
He whispered 10 Mr.. HuLSnes,
Make that statement in the record, y
said the attorney.
"Mr. Hamilton lives in New York.
said MCCALL HE Is here elk days
week. He has an apartment here and
an once In the New York Afe Build
ing"
BY Mr.. Armstrong;
G. Dent you know that Mr. Hamilton
has home In Albany and that h,
spends MS Sundays there? A. No. sir
l don't know where he spends his Sun
. days.
q. Don't you know that his home an,
his wife and children live in Albany
A. Tney may, sir.
O. And that he practses law thcr
and stays weeks at time? A. TIA
may all be true II no has case to tr,
In Albany
A Trail Opened UP.
A trail was opensd to-day IN the In
vestisation OF the New York Iife In
sursnce Company which led the lesisla