New-York tribune., 1905-11-25
HAMILTON FEES SWELL.
ur,GHESFINDS $50, 900 MORE
Also Digs Up SeoeraI Neao- York
Life .SubcelIar Deals.


with the result that Judge Andrey
.<.,i1ton was revealed the recipient of
;,crn of $4,000 through George W. Perkins
- more significant, however, was the discov
~ a system of syndicate participation unde
- and through the medium of the New
-, security and Trust Company. which hat
-. excfuded from the earlier and supposedly
.u statement of New-York Life syndicate'
-,,,,s+ed to the investigating committee.
yoreover the Hamilton payment was only
= NJ those turned I'D, as another for $4,000
=. George w Perkins was found. With the
ry.,,j,ton payment Perkins was also shown to
$. concerned, since the payment was made di-
.,,Iv bv J. p Morgan & Co. on his order.
x,,+her payment appeared on the books OF
she company and the element of mystery was
.urther deepened by the production of men,
s-andum. regarding the subcellar syndicate
,-snsaction. identified in the handwriting of
E5rnund D. Randolph. treasurer Of the New
york Life which read, mot to be noted in
minutes
The subceilar transaction which Mr.. Hughes
rentlated yesterday was in United States Steel
securities No mention of this had been made
m the showing of syndicates, but evidently Mr..
Hughes had been well primed as to its exist
snce NJ NJ. Mattison. a clerk in the Wall-st
orce Of the New-York Life, was recalled TO the
stand and, under sharp examination by
Mr.. Hughes broke down and admitted that the
list submitted was incomplete in that it omitted
az least one syndicate affair in which the New
York Life participated through the medium Of
the New-York Security and Trust Company.
Mr.. Mattison fumbled round rafferty, lamely in
his explanation of the reason for this omis-
sion although he insistedehat the responsibility
had been his own.
Severe cross questioning, in which Mr. Hughes
showed his disgust of the trick that had un-
successfully been played upon him in withhold
ing this record brought out the details of the
matter. In 1908 the New-York Life loaned to
the New York Security and Trust Company
about s., 2,325yO00 for the express purpose of per-
hitting this company TO go into the United
States Steel syndicate for it Correspondence
on this matter shown. The letters from the
New-York Security and Trust Company were
signed by Alexander S. Webb. jr,, and indi-
Gated that by piapSsag the third in the deal the
New-York Life was forced TO surrender to the
trust company % per cent of the profits This
arrangement was made by George w. Perkins
The syndicate managers were ]. P. Morgan
Co.
The production of the papers in File No. 693'
Of the NewYork Life showed the details of the
whole transaction. The first letter from the
New-York Security and Trust Company, under
date of February 10. 1902. records a payment of
8 per cent on the participation of S2400OOO
carried for you. The letter records further
that by direction of George w. Perkins $4,000
Of this participation had been allotted to A. G.
Payne, This mentioned the % per cent payment
TO the trust company for its services. Further
communications. each indicating a payment of
interest, were introduced until at last the fol-
lowing letter involved the missing Judge"
Hamilton.
NeH-York Security and Trust Company,
Nos a and IS Wall-st.,
z D. Randolph. esq. treasurer Net,York Life
insurance Hn1 r,s Company. No S46 Broadway. New
Dear Sir: We beg to hand you herewith our
York Life Insurance Company out of the dividend I
upon per cent upon an interest of 81 coo in the
We are carrying for you
= The amount Is arrived at as follows
Five per cent 81 325 600. SIG $50 90
Less one-qgarter & share to the New-York
Less amount deducted account Of Andrew 10 ~
arranFeDt as 0dss per & eshee!ed q statement and
Balance ;.-........- s27e76 II
JAMES C KELLER.
Second Assistant Secretary
Following this another letter was shown in
UiCdlHiB d CaIl upon the NeW-YOrk Life in the
syndicate management, and this letter bore the
green pencilled memorandum, Not TO be noted
on minutes of Edmund D. Randolph the treas
urer. Another transaction was shown in which
the NeW-York Life received AZ per cent for its
hlohey, while the trust company was shown to |
nave received AZ per cent in the same transac- |
'ioh- Inc words free money" in another letter
caused comment. This was explained as mean
ing money with the trust company. and NOT
loaned
9lr. Mattson had no explanation for the S59.-
W. which, added to the other sums of New
iork Life money, already noted, raises the bal
ahoe against the Judge to about $500 900 ac-
cepting President John a McCalrs own figures.
:! ! MS sum Mr.. Mccall has pledged himself to
make good by December 10
DIoppng tbis transaction for a moment Mr.
hughes took up a new and equally hot trail
10 you know Of any other case where money
ass sss oeen paid over to third person, like the
sosVD was paid to Hamiton?" he inuuirad.
ms seemed to trouble Mr.. Mattison as much
= me production of his book did "Rantanker-
Ous Manning the day before
VIII you tell me who your informant vras7"
ae blurted out.
VIII You answer my question:" was the {
blunt reply. ,
ine witness took the hint and promptly owned
- 10 knowledge about another case This time I
; was an item OF $4,000 paid to George W. /
AIS from the receipts of loan of S93O0OO