The Birmingham age-herald., 1905-12-15

able Life Assurance society s1OOOOO when he left it's employ as it's Australian agent.
 MT. Hughes said it had been reported to him that MT. Scott did owe that sum to the Equitable society, and MT. Scott said he would make a statement on that subject later
 MT Hughes asked if the Prevalent so- ciety did not pay 5000 a month to E. A. Dunham during Hadleys control of the company. Mir. Scott said he does not , know but that he personally paid a sum of money to Durham to settle an alleged claim that Durham made and which grew out of the purchase of a controlling in- terest in the company by MT. Hadley. MT. Scott said no demand had been made on MT. Durham to return the money. as he regarded 1t as useless.
 MT. Hughes read a statement labelled the campaign expenses of the Prevalent Savings Life Assurance society showing the payment of 5000 to J. Otis Wardwell of Boston for appearing before the legls- lative committees and of $650 to republi- can national and New York state com mittees.
 Mir Scott said that Walter c. Wright, a Baltimore actuary, was employed by the Tennessee insurance department in 1901 to examine the Prevalent society and that in 1902 the company employed him N----- $2500 to 5000.
 MT Hughes examined MT Scott to as- certain whether the Prevalent Savings Life Assurance society has made loans on property owned by MT. Scott or rather officers of the company. The witness said he had bought one piece of property subject to a mortgage held by the so- ciety and that another officer owns prop erty on which the society has made loans.
 Figures Are Shown. Statements were read showing that the total premiums paid to the society in the last ten years amounted to $30,226,0OO; that it paid to the polieyholders in the same time, 600 and it's assets in- creased, $6 200, 000
 Mir Hughes showed MT Scott letter bearing on his former relations with the Equitable society, which MT. Scott iden- tified as one he received from the Equi- table society. He said this was an att tack on his personal character foreign to the affairs of the committee and was brought up now for the purpose of re- venge In the fall of 1900, MT. Scott said records were stolen from his company by a man who was to deliver his plunder to the Equitable Life Assurance society and for the purpose of preying upon the business of the. Prevalent society. 5 'Ine man WHO SlOle zlHtsc ltNold said MT. Scott was arrested and in dicted and on the plea of his mother tc me was not prosecuted Following that traitorous bookkeeper who was dis charged for gambling, falsified our books and was in league with the men whc stole our records. It is in connection with these incidents that these matters have been dug up. It should not be brought up here to my injury and to the injury of my family and of the policyholders of my company; l ask you, MT. Chairman to rule that it is foreign to this inquiry.
 Senator Armstrong said the committed did not know what the matter was.
 MT. Hughes pressed the question whether MT Scott owed the Equitable so- ciety any money to which MT. Scott ask ed why the claim was not pushed by the Equitable society. MT. Hughes offered let ters referring to this matter in evidence Mir. Scott then said that "such claim was presented to him by the Equitable society and that he refused to pay Ii and talked with former President James w. Alexander about 1t. MT Hughes as sured the witness that the committee had no desire to give currency to any state ments by any persons hostile to him. Wit ness then said he had accounts with Equitable society, one of which he called the Australian account, and which he said had been settled by nm 10 the satls- faction of the Equitable society. Another which he called the old city account. wit ness said, he refused to pay and had heard no demand for payment in the last seven or eight years.
 Edgar Mor, actuary of the Prevalent Savings Life Assurance company who next testified, said that the statements oi the gains and losses of that company which were suh<iitted to the company to the insurance departments of Wisconsin and Connecticut were at variance with the records on the books of the company and inaccurate. In 1898 and 1899. MT. Moir said. the company's gains on mortality were reported to these departments as re- spectively. $339 GOO and s329,0o0. He said that instead of gain the books of the com pany showed losses on mortality. MT. Moir said he could not explain the discrep- ancy and that to report loss on mortal ity as a gain is disadyantageous to the company