The St. Louis Republic., 1905-11-28
N. Y,1t|FE'S
STOCKS h0T
WELL GUARDED
Cashier Testfies That Treasu.
rer Removed 100000
Wosth Of New York
City Securities.
PUT "A CHECK IN PLACE.
Property Not Taxable, and Ap-
parent Owner at End of Year
Might Have Escaped Pay
ment Of a Large Sum.
PERKINS AGAIN ON STAND.
Describes Transaction Whereby
Andrew Hamilton Secured sum
: No Entry Of Which Appears
on BOOks-E. +. Mccall
Matter.
PERKINS AGAIN ON STAND.

New York. Nov. :.-one OF the most
interesting features OF the life insurance
investigation developed only few min
! utes before Adjournment of the Arm
strong comMittee to-day. when Theodore
+. Banta, cashier of the New York Lie
Company. testified that about the begin
! ming of 1901 Edmund T. Randolph. treas.
urer OF the company. opened the Sauus
! OF the company removed New York stock
valued al $4,000. and put a check OF the
Central National Bank for 10000 In its
place.
Mr.. Banta said he helped TO open the
vaults at the order Of MIR. Randolph. ana
that he supposed Nj. Randolph acted Tor
the Finance Committee. The stock vas
kept out for q few days. and WAS then
returned and the check withdrawn. The
transaction was not recorded on the books
of the company as far as Mr., Banta knew.
The effect of the operation would ..
have $4,000 worth OF untalabls property
at the end of the year. Mr.. Banfa did not
know who received the stock:
Mr.. Randolph Is expected to be one OF
the witnesses tomorrow.
PERKINS EXPLAINS.
George W. Perkins. vice president of the
member Of the firm OF ]. p. Morgan &
Co. bankers. to-day described TO the com
Elittee the transaction which resulted In
his receip. Of s".Is: frou Kidder. Pea
body & Co. of Boston. as half the profits
% the sale of S2."Io.H worth OF bonds
o. the Mexican Central Railroad Com
pany.
Milton NJ Nattison. a bookkreper OF the
New Sry Lif. Insurance Company. had
previously testified that $4,000 Of the life
insurance company'S money was used In
the transaction. and that Mr.. Perkins got
NYLIC INVESTMENT.
Mr.. Perkins said today. that he went
Into the transaction for the Nylic fund.
which ts owned 10y tha agents Of the New
New York I.if. Insurance Company. had
y. invested the profits for that fund. Tn :
life insurance company. he said. profited
to the extent Of per cent interest on the
loan of ssao.oce He stated tha, the COM
pany had no right to tn. l!s profits.
Mr.. Perkins said also that j. +. Nor
Hamilton and f. f. Mccall. formerly, Jus
rice Of the New York supreme Court.
amounting 20 $s,Ic at the request Of
Hr. s,dsrt John 4. Mccall Of the New
the amount. with interest. was paid TO
Andrew Hamilton by the New York Life
Insurance Company for the proceeds OF "a
syndicate in united States Steel Corpora
McCALL INDORSED HAMILTON
President John a Mccall told the COM
mite to-day that he had told the Gem
tral National Bank and r. E. Mccall that
Hamilton was good for Sg.'o. and they
had taken Hamilton's notes.
President Mccall said the New York
The sas.Slo and took the syndicat. profits
10 pay him. The result WAS that the
payinen; J.i not appear On the books OF
the company.
Tr.- reason waS that he wanted To keep
HaniIron'S expenses Down.
Much evidence WIS given both hy Mr.
Perkins and President Mccall about IN"
New York Security and Trust Conpanys
IN the United States Steel
, CORPORATION syRdicat" 10 IN. extent OF
(: -, rs' having the DEPOSITS Of the New
York LIE InslI-arcc Company :o- about
that amount The New York Life In
r;.rarce Company got =" ger cent nf tho
profits and Nr. Perkins c"n:"n!ed that
/; was 4 safe and profitable venture.
President Mccall said tn. III. Insurance
company should have participated direct
ly instead Of indirectly.