The Montgomery advertiser., 1905-10-07
OFFICERS GET
 BIG SALARIES President of Mutual Life
 Draws $l50,OO0. OTHERS IN PROPORTION Relatives of Those in Power
 Taken Care of. | Testimony in the Insurance Investiga- | tion at New York Continues to | S Show Sensational Features.
OTHERS IN PROPORTION

New York, Oct 6.-Ciosing a week, every day of which has produced ser- sation that has stirred the country, the special legislative committee investi- gating the methods of insurance com panies adjourned today until Tuesday of next week.
 While other weeks of the hearing have had sensations no previous week has had sensation every day as the one that was concluded with today's session.
 In today's testimony the sensational development came when MT. Hughes de- manded the pay roll of the executive officers of the company. This wes pro- duced and showed the salaries of these officers since 1877. For the year 1904 President McCurdy received s15o,00o; !; two Vice. e-Presid snts were paid $5e.oo0 each. a Second vice-President $17,500, the Third vice-President $10,000 and the General Manager $25,o0o, who this year will receive $3o.000 and the Treas urer $50, ,000.
 Robert McCurdy said he never knew the salary of his father until today, when he heard 1t read in the committee room. He thought, however, that there should be no limit tc the salary of such positions. because they should be In nc- cordance with the accumulations of the company.
 When asked if 1t was any benefit to the policyhoiders to increase the Pres ident's salary, Mir. McCurdy said he thought the trustees had considered that when they increased tho Presi- dents salary. No increase, however, had ever been considered when he was present at the trustees meetings.
 Earlier in the day, when Mir. McCurdy was on the stand, Mir. Hughes tried to bring out why c. H. Raymond & Go. and the partners n that firm received larger cmoluments from the business than any other agency.
 Reward for Achievements.
 MT. McCurdy said he did not know what MT. Thebaud, received from the busiaess and had never talked with him about his personal affairs. He said 1t was q large reward for large achieve ments" and that all businesses of large magnitude were built upon that prin- cipie.
 During Mr. McCurdy's testimony 1t was brought out that George Raymond a brother of Charles H. Raymond, was the General Agent for New Jersey; that Howard Lewis, the General Agent for Northern New York, with an office in Albany, was a cousin of either the Vice President, MT. Granniss, or Mrs. Granniss; that Mir. F. J Moss, the Med teal Director of the Mutual Life mar ried a sister of the Presidenb of the company, ana LHht r. GtuyFeSdHl lot, an inspector of risks, Is a cousin of Louise Thebaud. sister-in-law of Pres ident McCurdy and partner of the Ray mond firm. G. W. White, secretary of the company, whom MT. McCurdy was asked about. said he was no rela- tive of any officer of the company, but that Mrs. White was a niece of Mrs. Granniss, wife of Vice President Gran niss.' He knew none of the salaries of these officers.
 At one point in the days testimony much interest was manifested when the expenditures of the company was taken up. An auditor of the Mutual Life, c. A. Preller. was on the stand and he was asked as to the method Of recording the expenditures. It was gathered that these were passed upon by an expenditure committee of which Robert Olphant was chairman. Three entries on the books of payments to Mir. Oliphant of $25,0 each were look ed into but no information could be gleaned. MT. Preller was asked about the campaign contribution to the Re publican Congressional Committed which was disclosed yesterday. but he said none had come under his observa- tlon.
 The $3,500 to the Congressional Com mittee was looked for when the ledgers were produced. but up to adjournment this afternoon this had not been found.