The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1906-01-01

iTbe Inslfance Investigation Closes
With Another Sta Facs
Adapssd.s

|riNAFANN fAsl-rt UA lA.ErgaeNsI ~
NEW YORK jar. nyesti.
|gatiod II lie insurance conditions tnI
tbs State come to d close Saturday
~fteFno6n. The report will be made
u the Legislature some time after the.
time Of the opening session next We'd
.4esday, Just what that report win,
certain no man knows. It Is certain,
however, that the revelations made as
to the methods Of the life insurance
companies that something will be.
done within the next six months to
safeguard policyholders.
The future work Of the committee
will be to point out, how the evils it
has brought to light may be eradicat-
ed and advised what steps should be
taken to safeguard the interests Of
the pollcyholders in the future, to.
make a repetition Of the scandals i'm.
possible. This will be attended to in
the report which will be made as soon
as possible. Some good has already
been accomplished and some changes
have been wrought in the big insur.
ance companies as a result of the in
vestigation.
Six months more could have been
given to the subject without exhaust.
ing its knowledge. That enough has
been brought out to make It possible
to bring about lasting reforms is re-
garded as certain.
New Fast.
Even to the last moment, the inVes.
tigation was not without sensational
developments. Saturdays proceed
ings brought out one additional fact.
This was that the Equitable had sue.
cessfully lodged the law in regard to
rebating and had a system Of It's own
by which the illegal practice could be
followed.
George N. sticRles, Buffalo mana.
ger of the company, was the witness
by whom this bit of evidence was
evicted. He testified that as far as
1898 Gage E. Tarbell, second vice
president of the company had suggest,
ed a plan by which rebatlng could be
accomplished. stckel's instructions
we're to write policies at the full pre-
MUM and then write out letters of in
yestigation on which he was to pa.
800 each. The witness admitted re.
luctanfly that he had not quite fol.
lowed this advice but had given re-
bates outright. The evidence was in.
terestlng inasmuch as Mr.. Tarbell
when on the stand stated that he was
opposed to rebating.
Dave Hill Sick.
David B. Hill who has been desired
as a witnessI lin order TO explain what
services he rendered for the retainers
paid him sent q communication today
saying he very much desired to have
appeared but that his health would
not permit. The committee decided
70 allow him TO submit a statement
If he SO desires on condition that it
is forthcoming in the near future.
The investigation came to a close
with a sort Of love feast. Chairman
Armstrong made a short speech in
which he thanked Mr.. Hughes and the
associate counsel for their able and
conscientious efforts and commend.
ed the other members Of the com.
rittee for the attention they have
given 10 the proceedings. In return
the members presented Senator Arm
strong with u gold watch as a token
Of their appreciation.
The committee adjourned sine die
but it may meet again II any state.
ments are offered by Senator Hill or
Mr.. Tarbell who may want to explain
MIR. SLlckel's tetimony in regard to
-, ..t,ntDr