Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-02-09
MCCALL rs SCAPEGOAT
OF NEW YORK LIFE
TROUBLES LAID UPON HIM.

The special committee appointed by the
trustees OF the New York Life Insurance
Company to investigate the affairs of the
company yesterday made a partial report
OF Its iabors to the directors at New York.
This report deals only with the relations of
Andrew Hamilton. the legislative agent,
with the company. and is a severe ar
raignment of his methods
John A. Mccall late president of the New
York Life. also comes in for a share of the
committees criticism He is blamed for his
methods In connection with 1.-The bureau of
taxation and legislation during the last
ten years and for allowing Hamilton to pay
out vast sums without a proper account
ing. Special attention is called to remit
tances of $4,000 to Mr.. Mccall in London
and $l34, 500 to Hamilton in Paris in 1900.
Effort to Recover Money Advised
The purposes of these remittances, the
committee says, 1t has been unable to ascer-
tain. and recommends that proceedings be
instituted against Hamilton and Mccall for
an accounting or repayment.
The committee adds on this point that
application has been made to Mr. Mccall
Tor information regarding the transactions,
but that 1t is Informed by Mr.. McCalrs
family that his physical and nervous con-
dttion is such that the subject cannot be
taken up at present AS to Mr.. Hamiton's
heath, which has been represented as
Delng bad, the committee says 1t has been
informed that he was physically able to
travel, and has exerted every effort to in
duce him to return to make full disclos-
ure OF his payments, disbursements and
transactions, but without success
Mccall and Hamilton Responsible.
The committee also holds both Mccall and
Hamilton for $4,000 advanced to Hamilton
to pay the state tax and which, the COM
mittee declares, was used by Hamilton for
his own purposes. The committee is adj
vised that both are liable for this sum-
The committee maintains also that it is
matter for legal adjudication as to
whether George w. Perkins of the firm of
j. T. Morgan G. Co. is not liable for the
payment of Hamiltons notes for s59,31O
mr. mr.. Perkins paid this account. the commit
tee holds. out of the New York Life In
surance Company's share of profits in it's
participation in a United States Steel Cor
poration syndicate.
The committee holds also that the pay
ment Of these notes by the company was
unwarranted. 1t Is only Just to Mr.. Per-
kins to say, the report adds, that he acted
In the matter In entire good faith, that he
and that his ability, IL any, is technical
one.
Legislative Measures.
ut is a fact" the report says, that
measures OF legislation are proposed every
year in various states which IL enacted
would be injurious and oppressive to life
insurance companies and their policy hold
ers.
''These measures cannot be ignored, and
the expense of obtaining information about
them, Of watching them and of employing
counsel or insurance experts to oppose
them or secure proper amendments Is OBJ
N 20
ture. 1t may be that the great bulk of
the sum annually disbursed by Hamilton
was used for these legitimate purposes
The committee has no Information that any