New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-28
NO MORE FOR CAMPAIGNS.
President McCalPs Statement to
4gents-Urges Resolution.

John A. Mccall president of the Network
Life. in a statement issued to his agents under
date Of September e. declares that at the next
regular meeting of the board of trustees he
shall ask the passage Of a resolution which
will make it clear to every policyholder and 10
the public that the New-York Life viii never
contribute money to any political organization
for any purpose whatever
President McCalPs statement is apropos OF
his testimony before the legislative committee
as to the New-York LIES contributions 10 the
Republican National Committee After re-
stating portion OF his testimony. President
Mccall continues:
NV testimony shows further that this company
has never within my knowledge. except in the
three instances named and for the reasons ano Pr
fund of any party in any election general or loGa :
It goes wn inc 6o gaXg u1d e any guse The pol
icyholders represent all political parties the agents
Of the mp oceF s and home ONCE employees rep
resent all shades of political beheL; ana asoe io on
all that neither the policyholders nor agents noI
officers nor employees. are associated togetheF IoF
The contributions made in the years in question
had no reference whatsoever to ponqcs Iney
riss in the economic development OF the country
They made to help XII Iree sI.el. " hna,
Ing to the policyhoders of this company. The con-
tribuions made equally for the @ nr o.
lection of the poIicyholders In Canada, Ae1iSo,
EOTfa South America anu 0'ns. !,,,,.r. -
The contributions have been called political oy
politicai party They were made through political
party solely because it was not possible ofaeFT bs
Company under my administration has never made
40 for p9 Question B inv
ing committee on this point said: IT you ask me
whetnsF and t deHote them to political campaigns
answer answer No a thousand times. nO!'
The gold standard has been irrevocably adopted
Therefore the question Of hi, s nr anT SUBSEQUENT
administration Of the New-York Life.
Pos GFGS5 sha the Board
trustees at its next regular meeting 20 pass a Es
holder and to the public that the New;Y9Fk Life
iZation for any purpose Whatever
Further interesting disclosures as to Equi- |
table syndicates, as we'll as to the society's So
called "yellow dog fund" are expected to-day |
when Henry Rogers Winthrop and Henry
Greaves resume testimony before the legislative
insurance committee. 1t is doubtful whether |
Jacob H Schif will take the stand before to- |
morrow.
Great interest was expressed in insurance cir |
Giles yesterday to the nature OF MI SchlH
testimony Georg, H. Squire. jrr talking from
his home in East Orangi. N. J.. to Tribune |
reporter last night, dsavowed any recollection
of the Rope and Irvine" transaction mentioned
in the testimony of Mr.. Winthrop and MT |
Greaves.
81 have no recollection Of the affair" said MT
Squire Hundreds of such transactions pass
through brokers' office nearly every day
Twenty-Five members Of the board Of directors
of the Equitable attended the monthly meeting
held at No. 120 Broadway yesterday. Presldent
Paul Morton submitted letter from NlCnoIas
Murray Butler. president of Columbia Uni
versity, declining to serve as a director OF the
Equitable. Dr. Butler in his letter salo'
With full appreciation OF the honor eonferrsd in
the present time and under existing circumstances.
and with every desire to help Pe g9u Of p Of
pocyholders in the Es o f as to
Ship Ship 'N''''
No suggestion was made at the meeting as to
the filling of DR.. Buffers place. and the care
Savarin affair was not mentioned.
PRESIDENT BUFFERS ADDRESS.
In his address at the opening exercises Of Co
lumbia yesterday, President Butler said:
Just now the American people are Teosiving some
ing brought home to them with severe emphasis
the fr it hafbundanty appears
be quite in conflict with his which Is the
watching regulations melt away Ike snow before
s e sun Wo ahS 1 have been trusted implicitly BY
their fellows and so placed in positions OF honor
less Spectators with the money of others and petty
nj of the savings or the poor ana Needy.
with ali this shameful story spread before US It
fakes some courage to follow Emerson's advice not
to bark against the bad but rather to chant the
beauty of the good. .
leans today is due to lack of moral principle New
statutes may be needed. but statutes will not put
moral principle where 1t does not exist The greed
for gain and the greed for iswer have blinded men
10 fhe tme-od distinction between right and
wrong Both among business men and at the bar
are to be found advisers. counted shrewd and sue
cessful who have substituted the Penal Code for
the moral law the standard OF conduct. Right
ton between legal not Illegal and Illegal better
perhaps between honest. law honest and dishonest
This new triumph of mind over morals is bad
enough itself, but when In addition. its expo
nents secure material gain and professional pros
perity. it becomes a menace to our integrity as a
people.
Senator Chauncey NJ Depew could not be
communicated with at his home up to a late
hour.
In the insurance article printed in yesterdays
Tribune it was declared that In addition to
calling Richard 4. McCurdy It is understood
that his son. Robert n McCUrdy, will be called
before the committee to explain the matter OF
commissions Mr.. Mccall is reputed to
receive a percentage on all foreign business OF
the company perpetual bonus on successful
work accomplished on recent trip abroad"
AS the context shows, MIR. McCall' should
Of course. have read mfr McCurdy."