The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-10-20
PUBLIC SENTIMENT HAS
NO EFFECT ON McCURDY
Continued from Pace 1

heard nor did he believe, that any Off
Ger of the Mutual Life Insurance COM
pany had any interest in the Corporation
Liquidation company, through which the
Mutual disposed Of its real estate hold
ings in Brooklyn.
He said that the purchase OF the Bank
OF California by the Mutual Life insur-
ance company Was investigated by the
finance committee of the Mutual and
that ne did not believe any of the Mutual
trustees were much interested in the
bank. He said he did not believe that
the shares Of the bank were bought by
the Mutual at a price higher than that
paid by the ordinary stockholders.
Security Company Business.
Mr.. Hughes asked, Mr.. McCurdy if when
the policy holder loses his policy he was
not required TO give a bond issued by
specified surety company. Mr.. McCurdy
said he never had heard OF it. The Mu-
tual did not have any interest in any
surety company, nor did any or Its OF
ficers, but he and his son are interested
in the Casualty company of America
Mr.. McCurdy said he carried about WV
600 of life insuran nee, the greater part is
in the Mutual He also stated that the
Mutual owned a controlling interest IN
the National Safe Deposit company.
Has the Mutual Life to your knowi-
edge ever contributed to the campaign
fund of any candidate for judicial office
in the city Of New York?'' asked Mr.
Hughes.
NO: I cannot conceive such a thing to
be possible" replied Mr.. McCurdy. lie
added that It is very likely that he had
been solicited by the agents of a poiiu-
cal party for campaign contributions, but
he could not remember by whom.
Were you solicited for campaign
contribution in 1896 and by what partyF
His Mind a Blank.
MY mind is a blank as to that. The
col 4fWfkH
vague and, if / might say. In the air. 1
cannot remember ii | contributed, but L
may have solicited"
Mr. McCurdy said he was not present
at any meeting of insurance people az
which campaign contributions were dis
cussed
President MeCurdy was then excused,
but before he left the stand he made the
statement that he paid $500 year for
his apartments I'm the GrosYenor build
ing, which is owned by the Mutual Life
Insurance company
When Richard McCurdy had been eX-
cused his son, Robert H. McCurdy, was
called TO testify as TO the insurance on
his life. On a blotter was found num-
Der of charges TO travelling expenses in
Cured by Mr.. McCurdy as general man
ager. One of S.50o Mr.. McCurdy SAID
was for a trip of thirty days TO the
south and west, and while the president
of the company, and wife and mother or
the witness accompanied him, the amount
did not include their expenses. The trip
was for the purpose of visiting the agen-
cies. His father went along for MS
health, while suffering from govt. Two
other trips were taken by Mr. McCurdy
and were charged up at 1885, His wife
and her maid accompanied him on one
of these trips. which was along the lakes
into the west Mr.. Hughes asked why
these amounts were so large, and the
witness said he had not the details at
hand.
Real Estate Losses.
William W. Richards, comptroller of the
Mutual Life Insurance company fol-
lowed Robert H. McCuTdy. Mr.. Rich
ards is in charge of the mortgages ana
loans, and has ninety-two parcels OF
property. of which fifty or sixty are IN
New York state under his charge de
testified that the Grosvenor building was
carried on the books of the company at
100000. OF the sale Of the MutuaFs
Brooklyn property, he said the Corpora
ton Liquidation company took IL over
This property was sold at a loss, wit
ness said as Ii cost the Mutual Life
81 O00. 600 and was sold for $500 600. He
said during the last fifteen years the Mu-
tual had charged about 81, 10000 to pront
and loss in the real estate department.