The daily morning journal and courier., 1906-02-09
HAMILTON AND MCCALL
 SEVERELY CRITICISED
NEITHER SPARED IN REPORT OF NEW FORK LIFE'S CON-
 MITTEE.

Special Attention Called to Remittances
 of $10,000 to Mccall in London and
 $134,5O0 to Hamilton in Paris in 1900
 Purpose of Them the Committee
 Unable to Ascertain = Proceedings
 Against the Two Men Recommended
 Mccall Nervous Wreck-HamiI-
 ton We'll Enough to Return if He
 Would.
 New York, Feb. S.-The special com mittee appointed by the trustees of the New York Life Insurance company to investigate the affairs of the company to-day made a partial report of its la bors to the directors. This report deals only with the relations of Andrew Hamilton, the legislative agent with the company and is a severe arraignment 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 meth ods in connection with the bureau of taxation and Legislation" during the last ten years and for allowing Hamil- ton to pay out vast sums without a proper accounting.
 Special attention is called to remit tances of $10,000 to MT. Mccall in Lon don and $13400O to Hamilton in Paris in 190O The purpose of these remittances, the committee says it has been unable to ascertain and recommends that pro ceedings be instituted against Hamil- ton and Mccall for an accounting and repayment. The committee adds on this point that application has been made to MT. Mccall for information re- garding the transactions, but that 1t is informed by Mir. McCalls family that his physical and nervous condition is such that the subject cannot be taken up at present. As to MT. Hamilton s health which has been reported as be- ing bad the committee says 1t has been informed that he was physically able to travel and has exerted every effort to induce him to return to make a full disclosure of his payments, disburse- ments and transactions, but without success. The committee also holds both Mccall and Hamilton responsible for $75OOO advanced to Hamilton to pay the state tax and which the committee declares was used by Hamilton for his own purposes. The committee is advis- ed that both are liable for this sum. The committee maintains also that it is a matter for legal adjudication as to whether George w. Perkins of tho firm of J. P. Morgan & Co. is not liable for the payment of Hamilton's notes for $59, BIO. MT. Perkins paid. this account, the committee holds, out of the New York Life Insurance company's share of profits in it's participation in Unit ed States Steel corporation syndicate. The committee holds also that the pay ment of these notes by the company was unwarranted. It is only just to MT. Perkins to say, the report adds, that he acted in the matter in entire good faith, that he derived no benefit from the transaction and that his lia- bility, if any, is a. technical one, 1 The committee recommends that the 1 law department of the company be in- structed to institute appropriate legal proceedings to carry into effect the findings and conclusions of this repotr,
 The report is signed by T. P. Fowler Norman B. Ream, Hiram B, Steele, Au- gustus G. Paine, Clarence H. Mackay and was unanimously adopted.
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