The sun., 1906-12-28
TO NDICT TWON. Y. LIFE men.
GRAND JURY WIZ ACT TO-DAY
IN INSURANCE CASES.


ton OF the nagsment Of the New York
life Insurance Company. which was prHo-
tically completed yesterday afternoon. In
dlctmsnts will be fled to-day against two
men. Az least that was the prediction last
night. and everything around the District
Attorneys Office indicated that tho lndict-
ments were being drawn.
Assistant District Attorney Perkins. who
is In charge Of the Grand Jury and who is
Mr.. Jerome's expert on drawing indict-
msnts went into conference with Assistant
District Attorney Kresel Immediately after
tho Grand Jury adjourned. Mr.. Kresel has
been assisting District Attorney jerome in
the entire investigation and he is familiar
with every phase Of IL. As soon as Mr..
Perkins and Mr.. Kresel got busy things
began to hum. 4 force Of stsnographers
was kept busy from early in the afternoon
until late last night. Mr.. Kresel and MS.
Perkins using them in rslsys..
1t is practically certain that the indict-
ments, II any are found will be for forgery in
the third degree. 1t may be that there will
be several indictments against each man.
No one in the District Attorneys Office
would hint at who the men are.
Lewis l.. Della field, counsel for George W.
Perkins. former vice e-president Of the New
York Life, was at the District Attorneys
Office early yesterday morning. Mr.. Jerome
was then before the Grand Jury. Mr..
Perkins has played an important part in
the investigation. He was questioned on
two different occasions by Mr.. jerome
before the Grand Jury, the entire examina-
ton taking up about four hours. The
anxiety OF Mr.. Delafeld seemed to indicate
that he had heard some disturbing news
about his client.
The indictments, it was said. will be
against former officers Of the company.
men who were active in its management
and who were familiar with what was going
on. One OF the men who will be indicted
was a member OF the finance committee
and it is said that his name has not been
mentioned in connection with the investi-
CATION of the New York Life in prominent
way. He has not been a witness before this
Grand jury and no mention has been made
Of him in connection with the present in
vestigation.
There was no attempt to fasten the crime
OF larceny on any official Of the New York
Life. All the evidence was for the pur-
pose OF showing that books had been fal-
sified in order to conceal stock ansactions.
Ii had to be shown that the false entries
were made at the order OF by the direction
OF some officials OF the company and Mr..
Jerome is said to have furnished that testi-
mony.
The indictments will be fled to-day with
Recorder Goff when the Grand Jury 10 dis
missed for the term. 1t is expected that
the Grand Jury will report to the Recorder
about O'Clock.
The Grand Jury did not vote for indict-
ments until there had been quite a struggls
with Mr.. Jerome. When the Grand Jury
convened yesterday morning il sent a
messenger for Mr.. Jerome. who was down.
town in the supreme Court. There was
some delay and finally Mr.. Jerome ap-
peared before the Grand Jury. He talked
for about an hour. In that final talk he
il said 10 have won over some Jurors who
doubted the adyisability Of finding in
/ dictments.
The Grand Jurors who were against
| In dictments argued, IL is said, that the
officials Of the company had not profited
by the transactions, and therefore they
should not be accused OF a crime. even II
there were false entries in the books made
with their knowledge. That il said to have
been the point on which the Grand Jury
was at odds. Mr.. jerome finally con-
vinoed q majority OF the Grand jury that
II there were false entries in the books
made with the knowledge and by the dinec-
ton OF the officials Of the company %
conceal some transaction the officials had
committed forgery.
Az The Sun has said, this Grand Jury
went into only one particular phase OF the
New York Life Investigation stock trans
actions with other companies. In that
respect certain stock deals which the New
York Life had after II had bs~n haired 10y
| the PT1lsslan GoVernm from doing
buAiness unless all stocks wers sold were
looked into by the Grand jury. A. that
tins tho New York Life akn-ed to dispose
| - all its stocks and pretended tO do ~.
One of the tFsnsactions gone into was
| the dummy sale Of 10000 shares of the
/ chicago aud NOah western Railroad pre-
fsrr.d aud B,sOO shares ~ the Chicago.
! n iIwaukss aud NJ Paul IA the New iOrk
security and Trust Company On tbs
l,ooks oi the ks~ York i.ifs this Sas put
dosn - bona hds -sls On the hooks
81 ths New iork hsounty aud Trust Com
pany m vac rsoondsd as . oan Tbs 90
\ curity company Sas q Subsidiary ~ tho
| Ns~ iOrh late
When the dummy ssls ~as made the
Asw ioa lifs had on dsps-ii ~itb ihs
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