The Birmingham age-herald., 1905-10-20
Has No Intention of Giving Up
 Good Thing
TESTIMONY IS TECHNICAL
Young Mccurdy Tells About Taking Three Trips, the Expenses of Which Amounted to $36oo,
 Paid By the Company.

New York October 19.-Richard A. Mo- Curdy, president of the Mutual Life ln- surance company, made the statement to- day that he had no intention of reslsnlng: that he was elected to serve until Jaas T. and that nothing can or will drive him out.
 It was also announced from the dis- trict attorneys office that no action will be taken regarding the George J. Plunkitt matter that was turned over to ths dis trict attorney yesterday by the legislative committee that Is Investigating the in- surance companies.
 Closing one of the most sensational and strenuous weeks of the insurance inves- tigation the committee just before journment today concluded the examSaa- ton of Richard A. McCurdy with ,he ex- captions of a few details he is to supply next week. MT. McCurdy nds been on the stand the larger part of the three days of this weeks session. and some of his testimony has been the most star ding of any that has been adduced before the committee.
 Testimony Largely Technical.
 His testimony today, however, was very much of technical nature, though Is was of much value to the committee in it's work. When he resumed The stand this morning 1t was to take up his testi- mony as to the Mutual Life's connection with the trust companies that was inter- rupted by adjournment yesterday. The information furnished by Mo Mccurdy disclosed that the trust companies with fa became very prosperous soon after they were taken up b. sne Mutual Life. Two cases in point were the Morrlstown Trust company, at Morristown. N. J.. where the McCurdy family live, and the United States Mortgage and Trust oolipany. The former Is now controlled Jy ihe Mutual Life and McCurdy testified that besides being a director of this trust company, he is a large stockholder, and would lake more stock if he could get r.
 Carries Heavy Balance.
 The Mutual Life keeps balance of not less than s2OO.000 with this company, on which 1t draws from to per cent. The latter rate has been paid only since Sep tember 1. MT. McCurdy did not know tho holdings of the other members of his family in this company.
 In the syndicate operations Mr. Mccur- dy said he participated not with the idea of drawing bonds, but to obtain his share of the commission allowed by bankers. | MT. McCurdy was asked what life in- surance he carried and he was unable to say at once, but James M Beck, his counsel, presented statement showing when the policies were taken out for what amounts and plan. These aggre- gated $2Oo,O0O all in the Mutual. Mir Me Curdy testified that he was also insured in the Equitable. the Washington and tho Connecticut Mutual. Before he left tho stand MT. McCurdy said he paid s45O0 for his apartment in the Grosvenor building, which is owned by the Mutual When MT. McCurdy was excused his son. Robert H. McCurdy. was called to ex- plain some charges for travelling expenses in 1904
 Son Makes Expensive Trips.
 He said one of his duties as general manager was to visit the agencies about the country. Three such trips were made, the expenses of which aggregated about s3600. MT. McCurdy said that while on one trip he was accompanied by his fath- CT, mother. wife and the atter's maid. but that the expense accounts were for him. self individually, and did not include those of any other member of his family or party. He had private car on ono of these trips. He could not tell why the expenses on these trips were so large. but said he would furnish the details later.
 MT McCurdy was followed by w W. Richards comptroller of the Mutual who was explaining the manner in which the Mutual acquired some properties by foreclosure when the committee adjourned until next Tuesday,