The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1905-10-06
Asks to Have Term Of Court Extended
10 Give Him More Time &c
Determine.
He MAY ASK FOR AN
EXTRAORDINARY GRAND JURY
New Set Of Examiners Starts In to
Look After New York Life'a
Business.
THE CAMPAIGN CONTRIBUTION
Texas Man Wants to Know About
President Mccal's Sworn State
ments on the subject.

President McCalrs Sworn State
ments on the subject.
New York, Oct. 2.-District Attorney
Jerome appeared before Judge Davy
In the criminal branch of the supreme
court when that court was reconvened
today, and asked that the June term
be extended until Thursday in order
to give him little more time in which
to determine whether or not he would
find 1t necessary to move for special
grand jury to be appointed to investi-
gate the affairs of the Equitable Assur-
ance Society and other insurance mat
ters Mr.. Jerome said that he would
be able at that time to tell whether he
would need an extraordinary" grand
Jury to help him in his insurance in
vestigation. Ills request was granted.
Although the New York legislative
committee which is investigating the
methods of life insurance companies
doing business in this state will not re-
sumo its public hearings until next
"wednesday, new set of examiners
started to work today to make an in
vestigation of the big New York Life
Insurance Co.'s doing business In five
states Of the middle west. The first
company to be examined by the COM
missioners from the other states is the
New York Life, which today threw
open its books for the convenience Of
the out-state examiners. The examina-
ton of the New York Life, beginning
today, is by the following five commits
sioners of insurance, r. K. Folk of Ten
nessee, Zeno M Host of Wisconsin,
Thomas v. O'Brien Of Minnesota, H. j.
Prewitt of Kentucky and G. c. Pierce
Of Nebraska.
Besides those commissioners, who
are working in concert, w. ]. Clay is
on here from Texas with an especial
commission to ascertain why one Of
the subordinate officers of the New
York Life once made an afildavit to the
effect that that company had never
contributed to any campaign funds,
when, as q matter of fact, President
Mccall freely told the New York state
Investigators that he himself, without
consultation with any of his associates,
had contributed $15O,0O0 Of the COM
pany's money to the Republican ma
tional committee campaign fund at the
rate Of $4,000 at each of the last three
presidential elections.
Mr.. Clay's mission will, therefore, be
comparatively simple, but Mr.. Folk of
Tennessee, brother OF Gov. Folk Of
MISSOURI, says 1t will take the five
states ten accountants about two
month to finish their examination Of
all of the books and documents of the
New York Life. The accountants are
in charge Of two expert actuaries, W.
J. Graham, representing Tennessee and
Kentucky, and f. H. Wolf, represent
ing Wisconsin, Minnesota and Nebras-
ka. @. p. Woffard of Tennessee and
Examiner Kearn of Kentucky are also
In Kentucky are also in town to aid the
actuaries.
It was said at the out-state headquar-
ters in the Hoffman House today that
no information would be given out
about any company under examination
from day to day, but after the experts
completed their examination the full
results would be made public.
The New York state investigating
= committee, in addition to examining
the regular insurance companies, will
also shortly 60 into the matter of the
insurance branches of various fraternal
organizations. Chairman Armstrong
says that many requests have been
made to examine the Royal Arcanum,
which this month is to change its as
sessment plan to "nxed rate" upon
the death Of each member.
Trustees Of the New York Insurance
20. have been formally requested by G.
H.Veneer, Wall street broker. to join
with him In his demand for the resig-
nation of John A. Mccall as president
Of the company.
Mr.. Veneer has also requested the
Mccall and Vice President Perkins
from their respective Offices.
Mr.. Veneer says he has received one
thousand letters from policy holders,
who declare they will attend the policy
holders meeting in December and vote
Mccall and Perkins out of Office.
Thomas f. Ryan's title to the Equit-
able Life Assurance Society stock
transferred to him by James II. Hyde.
and then retransferred by him to the
three trusteesy Messrs. Cleveland. West
inghouse and O'Brien, has been attack
cd by Herbert O.. Tull in his suit In
the supreme court against the society.
The original suit was brought TO de-
tsrmine the status Of the surplus OF
the society. but an amended complaint
was served on the ofhcials Of the
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