The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-03-07
HAMILTON BACK
i. TO CLEAR MCCALL
Continued From First Page.

One Of the members Of the Fowler
weeks probing the Hamilton accounts,
"The committee will hold meeting
at$an early date and invite Judge Ham,
Eilton to appear and explain his expen-
ditures., If any facts in his possession
make necessary any revision Of the re-
port already submitted to the trustees,
the committee will not hesitate to alter
it's recommendations
Hamilton is in debt to the John A.
Mccall estate for $235,000. To make
Gall not only beggared himself, but also
his family. He had voluntarily given
q pledge to refund to the company be-
fore the end of the year any sum for
which Hamilton could not Satisfactorily
account. Mr.. Mccall figured this to be
$235,OOO. To raise this he made sacri-
fees, the full extent of which were only
Learned yesterday. One Of the officers
Of the New York Life said:
John Mccall had 100000 of in
surance on his life, 100000 in this
company and 100000 in several other
companies. On his policies in this com
$4,000 annually in premiums. When
he surrendered these policies the last
of December he received in cash only
a. trife more than $4,000. By surren-
derlng his policies in the other com
panies he raised $4,000.
This was the way he. got the
$4,000 which he paid in cash on the
Hamilton account. The remaining
$l50,000 as is known, consisted of q
mortgage on his country place, which
he later sold at such a fearful sacri-
fee that the price realized did not even
cover the liens.
IF he had left his policies few
weeks longer the company would have
had to pay out 100000, and by his
surrender Of them it was saved that
amount. -
Whether Hamilton is financially able
to reimburse the Mccall family for the
$235,000 which John A. Mccall paid to
settle part Of his debts to the company
could not be learned. Hamilton has
been a plunger, both on the horse races
and in the stock market, and his per-
sonal fortune has suffered extreme
fluctuations.
In addition to the $685., 900 owing to
the McCalls, Hamilton is held RESPONSE
BILE by the New York Life for an ac-
counting or restitution Of sums aggre-
eating $92O,277.
John y. Mccall went to Paris in No.
vember last, during the Armstrong com
mittee g investigation, to get a detailed
statement from Hamilton Of the 1atter,s
expenditures. He returned with an
accounting" which did not account
for anything.
In this accounting Hamilton declared
that he would never reveal the names
OF the men to whom he had made pay
ments, as they had been retained by
him on the distinct promise that their
identity was never. to be made known.
John G.. Milburn, attorney for the
trustees of the New York Life Insur-
ance company, to bring suits against
the Mccall estates and Andrew Hamil-
ton for the return Of the money alleged
to have been fraudulently taken from
the company, today expressed surprise
and delight at the return of Hamilton
to New York. He said:
Andrew Hamilton was sued along
with the Mccall estate and the matter
will be pressed immediately in the
courts for return Of the money. ] shall
return to New York city tonight and
there will be no delay in prosecuting
the suit -
Will you bring criminal proceedings
against Hamiltona" Mr.. Milburn was
asked.
No; + have nothing to do with
that; that is the duty of the district at
torney. ] don t remember the amount
involved In the suit, but il is q large
sum and we believe we have a good case
against the Mccall estate and Andrew
Hamilton. ~