Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1906-02-10
SUCH is INTIMATIoN IN REPORT
ON INVESTIGATION OF NEW
YORK LIFE
SUITS MAY BE FILED
President Of the Company and "Judse'
Andrew Hamilton Will Probably be
the Defendants In Cases Soon to be
Instituted by the Insurance Company.

New York, Feb. 9.-John A. Mccall
and Andrew Hamilton are to be made
defendants in suits brought by the
York Life Insurance company for the
recovery of large sums of money al
legged to have been illegally spent by
no accounting has been made, IL the
recommendations Of the special inves-
tigation committee appointed by the
trustees is followed.
The methods of the former president
and legal agent are severely arraigned,
their motives are questioned, and it
is intimated that fear of prosecution
and not illness keeps Mr.. Hamilton
abroad.
In the partial report made yesterday
and mentioned then in these dis
patches former President Mccall is
blamed for his methods in connection
with the bureau of taxation and legfs-
lation" during the last ten years, and
for allowing Hamilton to pay out vast
sums without a proper accounting.
The report shows:
1. That Hamilton got from the New
York Life since 1892 $1,347,3 1924. The
Armstrong committee was unable to
uncover but $164,000.
2. That of the $1,347,3s241 Hamilton
has only accounted for $37,601.61, leav-
ing an unexplained balance Of $780,
774.80.
8. That suits should be brought
against Hamilton for an accounting of
$795, ,964.O1.
4. That suits should be brought
against Hamilton and Mccall for $219,-
500, in addition to the $235,000 already
paid by Mccall to the New York Life
on account of the Hamilton payments
5. That suit can be brought against
Mccall for $59,310.79, the amount paid
/ by j. P. Morgan & Co. to take up Ham
ilton's notes held by other banking in.
stitutions The report also recommends
that this payment be submitted to law.
yers to see whether suit for restitution
should not also be brought against Geo.
w. Perkins, partner of ]. P. Morgan
6. That Hamilton had the power to
go into any branch office of the com.
pany and obtain any sum Of money
simply by presenting an order signed
by Mccall. He was not required to give
any explanation nor render any &C
counting. From 1896 to 1905 he took
in this way $569,750 out OF branch OF
fees.
Z. That between 1900 and 1906, on
cabled orders sent by Mccall, Hamil
ton got from the Paris office Of the
company, $144,500. OF this he gave
John A. Mccall $4,000 in two sums
one Of $500 the other Of s2,50o. Why
Mccall should have got New York
Life money through Hamilton In this
way Is not explained.
8. That Hamilton collected $50,
386.47 from other insurance companies
on claims held by the New York Life
No entry of the collections was evel
made In the books Of the company.
9. That the records disprove the
sworn testimony Of John A., Mccall be
fore the Armstrong committee. In ar
effort to explain the immense sums
paid to Hamilton, Mccall swore an ar
rangement was made years ago by
which Hamilton was to receive pei
cent on all his disbursements, half o1
what he saved when the total for the
year was less than 100000 and office
rent and clerk hire. For years Ham
ilton rendered minute bills, the re
port says, In which no charge- was
made for commissions, savings, office
rent, or clerk hire, the intimation be
ing that these allowances were fabri
Gated in the hope of satisfying the
Armstrong committee.
Throughout the report discredits
explanations previously made by Nc
Call and Hamilton, and money which
Mccall testified was paid to Hamilton
on business of the company was, ac
cording to the report, used in man.
instances by Hamilton personally
Il One such instance is the payment o
Sill, 1,139.04 on June 6, 1904, to Hamil
| ton by Mccall for the alleged pur
pose of meeting state taxes. Hamil
ton actually used only s36,139.04, leav
ing balance of $4,000, which he new
er returned nor accounted for, the re
| port shows.