The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-12-28

duced, but Hamilton said he had none
10 produce.
The items in the list given in Ham
iltons statement were taken UP with
the witness, out he was unable to give
any additional information. He Gid not
question any of the figures, and the
large amounts for travelling expenses
did not excite Mr.. McCall's curiosity.
Made No Analysis.
What analysis or criticism did you
subject this account to-" Mr.. Hughes
asked.
'I gave it none," witness replied.
Mr.. Mccall said he had not heard
from any other source what Hamilton
had done with these moneys and so
far as he knew no further investiga-
ton has been made by any of the exc
cutive officers.
Then, so far as you know" said Mr.
Hughes, "the statement of Judge Ham
ilton is the only information the execu-
tive officers have of what Judge Ham
ilton did with this money!"
Witness replied that it was.
Says Morgan Lied.
Henry D. Appleton. deputy in Super
intendent Hendricks office, resumed
his testimony which was interrupted
by adjournment last Friday.
Mr.. Hughes read a letter from the
Fidelity Mutual Life Insurance COM
pany, in which Il was charged that the
insurance department had revoked its
license under the stipulated premium
law. Mr.. Appleton had no recollection
of the matter.
Did you state to Richard Morgan of
the Bankers Life that it would cost
$50, 600 for re-incorporatiOn?'
mo, and if Mr.. Morgan says so, or
if anybody else says so. he is liar, q"
answered the witness.
Mr.. Morgan made that statement"
said Mr.. Hughes.
"Then he is liar" quickly replied
the witness.
man Armstrong, rapping his gavel.
Lou Payn's Testimony.
Former Superintendent of Insurance
Louis +. Payn was then called. He
said he was superintendent of insur
ance for three years and retired in Feb
ruary, 1900. He said that none of the
confidential examiners who were ap-
pointed by him were chosen upon sug-
gestiOn of any insurance company.
There were seven of these examiners
the force had TO be enlarged because
great many companies had to be ex-
amined.
Mr.. Payn said he went into the de-
partment with no knowledge whatever
Of insurance. and came out of il with
but little more knowledge. He did not
assume any direction Of examinations.
He followed the precedent in the de-
partment and left that to the chief ex-
aminer. The examinations made dur
ing Mr.. Payn's administration were
touched upon, and it was brought out
that among the companies not exam
ined were the Equitable, Germania,
Home, Manhattan, Metropolitan,
United States and Washington Life.
In 1897 only the American Union and
the Provident Savings Life were ex-
amined. In 1898 the Mutual Reserve
and the Security Mutual of Binghamp-
ton were the only ones examined.
Mccurdy Requested 1t.
I'm 1899" Mr.. Payn said, the Mutual
Life was examined at the request of
President McCurdy. Witness said such
a request was unusual, but Mr.. Nc
Curdy was afraid of some western de-
partments. Asked what he was afraid
of, Mr. Payn said:
"An these corporations are afraid of
strike legislation and Of some depart
ments. Then there are plenty of
agents that strike these companies.
The companies are coWardly."
There were seven or eight commits
sioners from other states that wanted
to examine the Mutual Life at the
time, but the New York department
conducted the examination with a del
egate from the other states 10 look on.
Mr.. Payn testified, as had Superin-
tendent Hendricks, that in the exam
ination the department looked only
into the solvency Of companies.
Had knowledge of Fields.
Mr. Payn said he knew of Andrew
c. Fields, but had no acquaintance
with him. He knew Fields represented
the Mutual at legislatures. He knew
last spring of the house maintained by
Fields in Albany. 1t never occurred
TO Mr.. Payn to instruct the chief ex-
aminer to look into the legislative ex-
penses of the Mutual Life IN this
examination. The New York Life was
also examined in that year. Witness
did not remember why this was done.
He knew Andrew Hamilton very we'll.
He knew he was employed by the New
York Life
while everything he did appeared
to be in the open," said Mr.. Payn, 'I
could put two and two together and
guess that he was doing some things
that I did not know about"
Knows 1t Should Be Stopped.
Mr.. Payn said he thought the COM
mittee should draft bill to stop lob
bying by insurance representatives.
He would be glad to assist the COM
mittee all he could.
What would you suggest?" Mr..
Hughes asked.
Il would be glad to make some sug-