The daily morning journal and courier., 1905-12-28
PAIN TESTIFIES AT
 INSURANCE INQUIRY
EXPLAINS SOME OF HIS AP- PoINTMENTS WHEN COM
 MISSIONER.

Large Number of Confidential Examin-
 CTS Necessary During His Tenure of
 OfHce-Asked Why He Opposed Burn
 ham as President of the Mutual Re-
 serve Life He FIatIy statesi @Be-
 cause I Thought Him OroOIx''-
 Hamilton Declines to Make AccOunt-
 ing of s2s5,OOO.
 New York, Dec. 27.---Andrew Hamil- ton, the legislative agent for the New York Life Insurance company, who, ac- cording to testimony. was entrusted with hundreds of thousands of dollars by that company and has not account ed for $235,000 has been heard from by the legislative insurance investigation committee, but has declined to make an accounting.
 A statement by Mir. Hamilton was read for the record to-day. It was pre- scented by Secretary John c. Mccall of the New York Life, who went to Paris to secure an accounting from Hamilton. In his statement Mir. Hamilton says that he is unable to produce any books or accounts because he undertook the legislative matters for the life insur- ance companies with the express un- derstanding that he was to make no accounting. Absolute secrecy was nec- essary in retaining assistants: therefore no checks were used in making pay ments.
 MT. Hamilton went into an exhausr | tive explanation of the reasons for or ganizing this confidential service, as he characterized 1t, and cited a number oi l legislative bills in which he has been interested. A list of expenses from 1899 to 1904 was appended to the Statement. The sum of S235, ,0O0 unaccounted for, he | said, would be greatly reduced by his running account, still unsettled and open, and, as a matter of good faith
 pending q settlement, he offers to de-
 posit S100,000 with the company.
 Secretary Mccall was questioned by
 MT. Hughes as to what further light he
 could throw upon the statement of MT,
 Hamilton, but he said he could give no .I Hamiltons figures nor the large
 amounts for traveling expenses. He
 asked MT. Hamilton for q full state ment and relied on his honesty to ex- plain everything. He did insist that
 MT. Hamilton produce checks or check
 books, but MT. Hamilton said he had none
 When Mir Mccall was excused Henry .l D. Appleton, of the state insurance de- Epartment, was called. He completed
 his testimony begun last Friday, and during the examination was told that
 MT Morgan, former president of the Bankers Life Insurance company, had , testified that MT. Appleton had said 1t would cost the Bankers Life $50,00O to reincorporate MT. Appleton somewhat heatedly said:
 If Mir. Morgan said that. he is a liar"
 , Louis F. Payn, former superinte tendent . of insurance of the state of New York, l explained a large number of appoint
 ments of confidential examiners on the
 ground that an unusual number of ex-
 aminations were made during his ten
 ure of office. The affairs of the Mutual Reserve Life Insurance company were
 taken up and during this line of exam
 ination MT. Payn stated that he had f been opposed to MT. Burnham as presi- al dent of the Mutual Reserve and said he f had tried to getahin out. sl Mr. Hughes asked why, and Mir. Pawn , fatly stated, Because thought him g z crook :"
 q MT. Payn will resume tomorrow. : A point of interest in insurance mat 5 ters developed in the courts to-day, q when Justice Greenbaun, in the SUI e preme court, granted writ of mands- i. mus to Clarence V. Henner and one ,. hundred other policyholders directing !, John A. Mccall, president of the New Ii York Life, to furnish them with a conn
 p1ete list of policyholders. nl The board of trustees of the Mutual e Life Insurance company held a meet N ing to-day and elected Emery McCltn- n tock, the actuary of the company, as Ii yice-president and director. He will be 2 in active charge of the company s tech-
 lnical affairs. President-elect Charles j. A. Peabody was also elected a director t These two succeed Elihu Root and Ru. ,e fus w. Peckha1n.
 nil The trustees voted to abolish the met ia ropolitan agency of c. H. Raymond 6 wi co, and all agencies are to be on a sal. .e Iary basis A number of changes are ts if be made also in foreign agencies.