The Washington times., 1905-09-20
NEW YORK L|FE'S
FUND CARELESSLY
PASSED AROUND
One Man Handled Large
Sums Without
Security.
QUESTIONSANGERM'CALL
Holds Himself Responsible
Tor Every Cent" He Dra-
maticaIly Declares.
QUESTIONSANGERM'CALL

NEW YORK, Sept. 2O.-Jchn A.
Mccall. president of the New York
Life, was put on the rack by Chief
Inquisitor Hughes, of the insurance
investigating committee, today.
Explanation was persistentiy sought
of that now famous and mysterious
100000 account of Judge Andrew
Hamilton, the Albany counsel for the
company. The account Is now more
singular than ever
Mr. Mccall declared that s7SO,000
had been appropriated TO buy prop
erty through John Golding, a we'll
known real estate agent, and Judge
Hamilton He endeavored to show
that the 100000 account was q part
OF that.
Where is Judge Hamilton's account
of that s190O00?' was demanded
1T was an oral account. made 20 me-
answered Mr. Mccall
Does Net Know.
DO YOU know whether he still has
that 100000 paid in two checks on
March Is. 1902" asked Mr.. Hughes
Il do not admitted Mr. Mccall
He half rose, and, holding up his right
hand, exclaimed dramatically:
II hold myself personally responsible
for every cent taken from the New
York Life
1t was also brought out that $4,000
had been advanced to Judge Hamilton in
1903
That was 10 take up a mortgage
said Mr.. Mccall. THE money is not
Yet expended because the property is
still in foreclosure
Had Big Sums.
Thus Judge hamilton was e1scially de-
cIared 10 have had various great sums
amounting TO 100000 in his possession
for many months. giving no security and
yielding no written account therefor
The money was charged TO legal ex-
penses." but not so itenlized 10 the
state insurance department.
Mr.. Hughes insisted on a frank and
candid statement about the 500. 600
checks.
Mr.. McCalrs face purpled-
II have tried. to the best OF my
ability" he declared
But not to my satisfaction, retort-
ed Mr.. Hughes.
transactions with his own bank ac-
count instead of the money of policy
holders. Mr.. Mccall admitted that IL Is
his practice to draw cnacks on the
count without authority of anybody
else Often the amounts are as large
as S25.e0o.
Il am the sole judge, was Mr.. Nc
calls laconic statement.
District Attorney Jerome was present
TO .-see what he couId see, and hear
! what he could near
Roosevelt May Act.
1t was said before the meeting began
that President Roosevelt. stirred by the
| revelations concerning the three ''po-
| litical blackmail' gifts TO the Republic
| can party. is behind a demand that the
Sl50.OoO contributed for his election be re-
| turned to the New York Life within
| fOrty-eight hours
| Mr. Perkins today refused 70 discuss
/ this report In fact. he had nothing 10
/ sa;- before the meeting opened Per-
/ kins was apparently in a cheerful mood
/ despite rumOrS circulated during the
| morning to the effect that he will part
! company with J. p Morgan & Co, as
/ well as from the vice presidency of the
| New York Life. because of his startling
J revelations before the committee.
| Morgan. il is said. objected vigorously
! to the testimony given by Perkins as 10
! the bond investment transactions be-
| tween the New York Life. William 5.
Fanshaw, and ]. 2. Morgan & Co
| II was with these highly sensational
| conditions prevailing that the committee
met today