The Cairo bulletin., 1905-10-05
MORE CROOKED
DEALS DISCLOSED
In the Life insurance Investiga.
ton by Legislative Committee
CHECKS ARE MISSING
AND WITNESS SAID HE DOES NOT
KNOW WHERE THEY ARE
INGALLS, FAMILY GOT
CHEAP RENTS.

Now York, Oct THAT J5hn 4
Hegoman, president Of the Motropon
tan L fe Insurance company, borrowed
$4,000 from The New Yori, Life m-
urance Co al ~ per cent. iurores;,
below the market rate, was
brought out in the insurance inyesti.
cation last weaR
Today President Mccall, Of the New
YORK. Life, testified ihar ne in turn
b rroved S7500o from the Metropoli-
tan az the same time which was IN
January 1903 that the loan was re-
neWed IN January 90l ad faa antil
March, 1905 when the rate was all
yanced 10 2 pc cent. at which rate
iz still running.
mccall testified he was director eff
tae Metropolitan Life hut no stock
holder rbe faei or his uelng di
rcetpr Mccall continued, dd not de-
ter him from procuring a loan al as
llg a rate of interest as possible
When was to his interest 10 do 50.
FeAsation was caused when Neil
r. Towner, of Albany was called to
the tand and discaimed any
knowledge of the whereabouts of can.
ceilsd checks Of Judge Andrew Hamil-
OH, Of Albany. Towner testified he
was ass ttsiatcd With Hamilton in prac.
tice Of law In Albany. The Hamilton
account ives under nyesigation and
Mccall had been excused while Tow
lner took The stand.
Towner test fed he had taken some
eaneelIe,l otsarsx4 fraHA+ a4u AlAanx
Trust company early III September
and had thrown them into a drawer
IN FIamilions desk. When he wenr 10
get hem last week In respsnse to a
snbnoena from }he committee they
We're gone Ho had no knowledge, he
declared, Of where they could have
gone or who could have taken hem.
Mccall, resum.ng, was asked ABOUT
I rhe deposit TO the credit of Judge
Hamilton Of $4,000 ON September
|, 1905, Mccall said that the New
York Life had paid Hamilton no
money, but suggested thar paft Of It
might have come from the state con.
troller's office by reasen Of an ass .gn-
ment of tax moneys which would
come to the Judge by reason Of his
/ securing the repeal of the tax law
which relieved the New York Life
from payment Of taxes. Hamilton
was to have one-third the amount that
would rebate to the company, a sum
Iof S272,000, netting Hamilton about
100000
Edwin r. Devin, real estate
manager for the New Yorb Life. tes.
titled that, the company acquired by
one of thd most desirable residential
sect ons a the city, and cost, with
improvements $203, ,056. The net in
come front this property was found to
be 023 pSr cent. on the investment.
II deyelophd that four of The tenants
were McCAlps three sons and sonin.
4 law.
Mccall curing his testimony today
said that ahere was no record on the
books of the New York Life of the
$15o000 paid the Republican national
committees Tor contributions to the
presidential campaigns.
While he had no personal knowledge
that tao money was pa 4, he assumed
Il was because he hal told the treas.
urer tc make ilisse payments. Mccall
also made the startling assertion that
three-quartele Of The bills affecting
life Insurance companies were In
nature Of blactmail Officers 81 the
companies were worried at the begin
ming of each yeat he said, by proposal
of laws that would hamper their com
panies aud these officers really
trembled Ar whai tAey would have 10
endure tlle firsr six months Of each
year