The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-03-16

names that he had around him; and l beat
him single handed and alone. And whom
won my victory, then they said, Well, we
will give you a chance here and l started
In to perform my duties,
INow, when the first month came and my
voucher went II, that was the time TO have
said TO me: Sir, you have not submitted q
proper voucher Whose duty was it to do
that? The auditing committee Of the trus-
tees. Were they perfunctory2 No. Sal
srIed. A special salary for a chairman,
another salary for a deputy. a daily COM
pensation for others that attended.
WHY WAIT TEN YEARS To VEY "GItl1Y!'?
Suppose that it passed the first month.
When the accounts came in, the vouchers
were there for protection, in the hands Of
the { Comptroller. And It came to n second
month and it went to a fifth month; and it
went to a tenth month, and It went to a year:
and all the time | was carrying forward the
business and the PURPOSES and the protec-
ton and saving money for these insur-
ahce companies, But the tenth month
passed and there was no objection. And
the first year passed and there was no OBJ
lection and the second year and the third
year and the fourth and the fifth, and the
sixth and the seventh, the eighth, the ninth
and the tenth, and then when the cry comes
out, they say: Well, we did not know any
thing about it. This is the fellow. this is
the man that has lone 1t ALL
IF they had stopped. II they had per-
formed their duties when they should have
done it, if it was a duty-but mark, I am
not assuming or asserting or accepting
that it was one-but il it was their duty,
they should have stopped it at the inception
of it.
and when they continued. the fault.
the blame, the responsibility ia theirs and
It is not mine. Icould have stopped the first
month and if ] could not have performed
my duties without presenting detailed
vouchers could nave surrendered my
contract. Never, as the evidence of your
investigation shows, until you reached 1t,
was there a single criticism. Why, could
there be?
They sat there weekly cashing the emol-
uments that came to them for the perform
ance Of their duty, with the vouchers there
under their noses, and II they took them
and looked at them. why then they approved
what was lone and stand approved. Ifthey
did not take them and look at them then
they deceived me into the assumption
that they performed their duty and that
thew were satisfied with the manner and
rendition of my accounts.
ACCOUNT WAS PASSED UPON.
After and beyond that, remember,
after this auditing committeeman, by
the way, let me say this to correct the
press assertions, which nobody on the part
of the company has assumed to do-that
what is called the Paris account was actually
reported upon and passed upon by the
auditing committee of the New York Life.
And let me say further that never a dollar
Of the New York Life's money passed
through my hands to which | did not put
my John Hancock
And when you remember the story of
the steel trust dividend, that money was
paid by me, but was paid TOD. P. Morgan
& Co. to take up some notes which had
discounted in order to pay for frivolities
for the purpose Of the time, the obli-
cations Of the New York Life. Now, it
must not be said. you know, that this re-
sponsibility of this auditing can be con-
fined to A., b. and C. During this long
Period of years there has been a rotating
membership, this time A. and B., next
year B. and c., and next year D. and E.,
90 that all this knowledge has spread.
why, it simply excites my laughter when
I hear the gentlemen assert, those who
are here and in my hearing, and others,
that they did not know that Andrew Hamil-
ton was defending the New York Life
and the insurance interest generally
throughout the United States on behalf
the principles which the officers OF the
Insurance companies believed to be neces-
sary for their success and for the benefit of
the ~policyholders.
LOBBYIST YES, But WITH AUTHORITY.
swhy, if there was trouble and an agent
would write from a far of country, and
say, II this bill passes it Is going to kill
our business out here they would rush
In, you know, to the president, and say,
Well, now, here is his agents letter
for heavens sake, we will lose all our BUSH
ness out there
s'Well, send for the Judge
San right, the Judge will come
s'Sit down. Well, what is the troublef
s'Well, heavens, II this bill passes We
as we'll get out Of that State
".WeI, all right. We will have to see
what the objections are to it and will have
to agitate. We will have the press do
something; we will lave to have the
politicians do something; we will have to
lave the agents do something; we will have
TO have the policyholders do something;
we will get men OF influence to 60 ahead
and see II we cannot beat it.
'And we would beat it. Then the word
would come in, 1t Is beaten. And they
would come IN and pat me N the back,
the men that would not know mt now would
in and pat me on the back and say,
You did it. Laughter and applausel
M'cALL A HARD TAsKMAsTEB.
snow, about the vouchers. All I say about
that lie, I did net keep the books OF the New
York Life. l never saw thei inside Of one Of
their books. And when 81 900 or S., 900 came
into my possession I gave my voucher for 1t.
Now, If 1 was going to do anything wrong
with it or put it in my pocket, / would have
got IL in another way, and Icould not get it.
Because ! want to tell you that the ~stingiest
man that over audited an account inmy
life was John A. Mccall. l had to go up
and show cause before, WE'LL had to show
cause first before ! went into it, and then
when l came back I had to show cause
iofzra 7 oonll INV p,yy hilla % that I |