The evening world., 1905-11-24
MORGAN PAID N. Y. LIFE
\ PROFITS TO HAMILTON
Pucber Hughes Strikes New Lead in His Ex-
animation Of the Affairs of the Company
Ruled by John A. Mccall.
Continued from First Page

z. Morgan a Company &
Debit 1901, pecembsr 81. 10 cash
iooi octobef i, ,ntsrest 81 iii 'p.i Per ''0''1O'
cent 10 October first.,..t..,, 1850 2
Credit 1909 oe.orer. by balance. Sssi0. Il
New York. Oct /, 1907. =,
q, Then the sb0,31O7e out of IN
profits stated In this letter Of Oct, 1
oOx. ss payable. to the New ierk Ia,
Ssw sssfeScs wc.. Company s,s was not paid 70 %,
was ", paid = M, HaniItoas 4 The IL
a. And % far as you know tina, nay
fps T"i TrSs So sssi ss, susgs ss HssSs' HSS,ss'
III Ltfe Insurance. Company's bockss f. 4
Another letter from ahe New YORK
security and Trust Company was
dragged into the light, calling vor
q sSs vs 0sr q ts the unpaid psopsren
interest" Attached 70 this was 4
green pencil memorandum reading:
Finance Committee. Sept. II, lnnorm.
ally authorized repayment OF above
amount out OF funds heretofore re-
oeiyed from same Interest. Not 10 ne
npse" PSe New e n'ssis' Yors is ,.ds.. . . w.. E
opened ND and Il was found that the
profits on the steel syndicate had gone
TO mark down" the loss OF several
reilroad security purchases. Suddenly
Mr. Hughes struck a now lead.
Doesn't Know Where Rugs Went.
Q. What are those items on Dec. ~,
Was s ssS ,s.sl7iFi % SiVa"f e For SSGiSIni. iSani..
ture and rugs, etc.
Q. Why Is q charged to that aOoounty
A, don't know.
q, Furniture and rugs for what? A.
Offices OF the company.
q. At the Hanover Bank Budding ?
A. Not necessarily at the Hanover Bank
Building; don't know where they Went
part Of them are there probably.
the SIS. go that was paid to Mr., Hamii-
ton on or about Oct. l. lso2l A. DO
Q. Do you know anything about the
occasion OF that payment A. do not.
q Now 10 there any other syndicate
IN ,Hs TsS oSPs ss q NsM sS Pso9S S or
for which. II pad money. or from which
v received profits that u not mentioned
on Exhibit ~ A. know Of none,
Equitable Easy Landlord.
Gerald r. brown, head OF the Equita-
Die Life's bond and mortgage depart
ment was the nrst witness.
owing to the absence OF Frank Plat,
ION Of the Senator. and counsel for
The Mutual Reserve, II was decided not
% continue the investigation OF that
uIIHII.i uPIIHIIins tSs HIst hour Of q. session
for Mayor een sst With iRsOlSan tSs SSn
nittee and was ons OF the most inter.
'sted spectators.
District-Attorney Jerome sat down
with the committee few minutes after
NJ WINS left
Brown began by testlfying that IN thu
,ases OF the Equitable Trust Company
Ind the Mercantile Safe Deposit Com.
pany they both paid Inadequate rem
tails to the Equitable Society for the
premises they occupy IN the Equitable
SThe Equitable Trust is now paying
|9o,M q year," said Brown. 1T Is a
lease was renewed ast May 10000
would have been fair rental. II came
before the executive committee OF the
,ociety but no Increase was made"
"Do you intend to let that sort OF
hing continusY' asked Mr.. Hughes
"No, indeed Just az soon as this In
10 over II will be changed.
We win get down to hard work then"
Auditor Didn't Audit
Francis w. jackson, auditor OF the
Equitable Life since 1882. was the next
witness
jackson said he had never known Of
he George II. Squire Trustee or
Yellow Dog" account In the Equitable
Trust until the past three months He
vas equally ignorant of the Alexander
md Jordan yellow Dog"
"A the testimony ran on II, appeared
hat in tho past the Office Of auditor IN
he Equitable was an office that didn't
ludit. II bad the title. but no sub
,tanea Y
jackson was asked If ne was insured
n the Equitable.
mo. SIR" he answered II was re-
used forty-one years ago and | have
lever tried since 10 get n policy"
An adjournment was taken until Mon
lay morning next. II IL the Intention OF
he committee TO sit next Monday, Tues.
lay and "Wednesday. II will then ad-
ourn for uhe balance OF the week.
This afternoon was spent by SUBJ
committee OF the legislators IN taking
he deposition OF George ID. Squire, for.
n<f financial manager OF the Equitable
NE and trustee OF a "yellow-dog