The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-02-09
|H|TS HAMILTON
| M'CALL HARD.
New York Life Committees Re-
port Charges Gross Unac-
counting Of Funds.
NO INFORMATION FROM m'cALL
Latter is Nervous Wreck and
Family Won't Permit Sub
ject to Be Presented.
By Associated press.)

(By ASSOClHteQ ErbSS.D
NEW YORK. February S.--The special
committee appointed by the trustees OF
the New York Life Insurance Company,
to Investigate the affairs OF the company
to-day made partial report of It's labora
to the directors. The report deals only
with the relations OF Andrew Hamilton,
the Legislative agent with the company.
and is a severe arraignment OF his meth
DDS
John A. Mccall, late president OF the
New York Life. also comes In for
share of the committees criticism. He
is blamed for his methods In connection
with /" the Bureau Of taxation and legis-
lation'' during the last ten years and
for allowing Hamilton to pay out vast
sums without a proper accounting. spe-
cial attention is called to remittances OF
$1,000, 10 Mr.. Mccall in London, and
3iA,5oo to Hamilton, in Paris, In 300.
The purposes OF these remittances the
committee says, 1t has been unable to
ascertain. and recommends that proceed
iings be Instituted against Hamilton and
Mccall for an accounting or repayment.
The committee says an annual average
sum of $1,000 was paid to Hamilton from
1896 to 1905.
Mccall Nervous Wreck.
The committee adds that application
has been made to Mr.. Mccall for inior-
nation regarding the transactions, Out
that 1t is informed by Mr.. McCalls fanli-
ly that his physical and nervous con-
dition is such that the subject cannot Dc
taken up at present AS TO Mr.. i1ailiii. :.
TONS health. which has been represented
as being bad. the committee says ~ mas
been informed that he was physically
able TO travel and has exerted every
effort TO induce him to return to make
full disclosure OF his paymeSts, DIS
bursements and transactions, but with
out SUCCESS. .
The committee also holds both Mccall
and Hamilton responsible for $1,000 a6-
vanced to Hamilton to pay the state
tar and which the committee declares
was used BY Hamilton for his own pur.
! poses. The committee is advised that
both are liable for this sum. The commit
tee maintains also that 1t Is matter
for legal adjudication as to whether
George w. Perkins, OF the firm OF j. P.
Morgan and Company. Is not liable for
the payment OF Hamilton's notes for
sse.3fo. Mr.. Perkins paid this account. the
committee holds. out of the New York
Life Insurance Company's share OF pro-
fits in it's participation in Cnitel
States steel corporation syndicate. The
committee holds also that the payment
of these notes by the company was I'M
warranted. 1t is only Just 10 Mr.. Per-
kins to say the report adds that he acted
IN the matter In entire good faith. that
! he derived no benefit from the transac-
fion and that hfs liability ~ any Is a
technical one.
The committee recommends that the
law department OF the comnanv 'rs'i-
tute appropriate legal proceedings to
carry. into the effect the findings and
conclusions OF this rerort.
The report is signed by r. p. Fowler.
Norman B. Ream. Hiram p. Steele.
Augustus G. Pavne. Clarence II. Mackay
and was unanimously adopted.