The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-03-16
new YORK LIFE,
THEN The MUTUAL

Continued From First Page.
it was no use. Hamilton had made up
his mind.
Impatiently he. walked upband down
back Of the railing, while J.sH. Mcln-
tosh, general solicitor of the New York
Life, was addressing the c committee and
iercely opposing that section of the
Of every trustee4of the N ewsslY ork Life
on Nov. Is. SsRss So
Word had been sent by Hamilton to
Senator Armstrong and former Lieu
tenant Governor Timothy L. Woodruff,
who was managing the hearing for the
insurance officers, and it was hurriedly
arranged that he should follow Mr..
Mcintosh. .@,
It was 4:30 pm. when Hamilton, we'll
an iron determination, walked slowly
down the center aisle, stopped for an
instant to greet Senator Armstrong and
Mr.. Woodruff, and then stepped to the
center of the well in front of the
speaker s desk and, facing about, looked
calmly over the great crowd.
Array of Notables.
Senators and assemblymen filed the
nearest rows Of chairs, and back of
them sat the officers and lawyers Of
thirty odd insurance companies. There
were also committees and lawyers rep
resenting policy holders and life insur.
ance agents making a gathering that
filed to the utmost the. seating capacity
of the chamber. Word few thru the
great capitol building that Andy Ham
ilton was addressing the insurance hear
ing, and from every quarter curious
men and women trooped, soon filing all
the, available standing room back Of the
rail. Il
To the left of The we'll, in the fourth
| Life officers. Several times while speak
ing Hamilton pointed derisively at the
group of New York Life men, tho he
| could not have meant to- stigmatize
| young John Mccall, for whom he is
known to have the greatest regard.
Whether he included Mr.. Kingsley in
his sweeping denunciations could not be
learned.
: 7 z =. = Up to the Auditors.
Hamilton s speech was not SO much
of a defense Of himself land John A
Mccall as it was ans exposure which in
volved others. : H. brief, Hamilton
charged that every payment made tc
him, even from the Paris office and the
verified from the. company to the legis
lative agent by J. P. Morgan & Co., was
reported to the auditing committee
passed upon and. thereby sanctioned by
that body. .ss-s.s=.---. & F.
Hamilton, with an emotion border
ing upon hysteria, his hands trembling
and his whole body shaking beyond con
troll: begged the Armstrong COMMITTEE
to GUST the whole board of trustees O.
the New York Life at the earliest posi-
BILE day. He branded them as ours. H
! didn It know Of the payments made tt
him it. merely excited laughter and de
+ risiOn. - 1sss.Ta., ye4 81. y. ~
j "The great interest of $4,000, oo0, 90
. Of life insurance and $500, 100000 O
assets can never be safely entrusted t.
. the hands and admin stration Of 10
Of curs,'' Vaa closing tbroadside.:
With convincl1 detail Hamilton de
j scribed the dutie-~-~f the auditing com
/ Of all the Paym, js1made' to him .
they were grossly 4, ecreant Of that trust
:. ''.Pecksniff and Tallyrand.'
, Without mentioning a, name, but mai
) ing his identity 50 that everybody fami
3 lar with the history and internal affair
i Of the New. York Life Immediately re.
VI ognized a famous corporation lawye
= who is membeffiof the board of tru!
v tees Of the company, Hamilton referre
: to man as " the ~Pecksniff Of thre
administrations who thinks he is tn
Tallyrand Of the present one.'
Hamilton showed that he is an or:
: tor Of no mean ability. ~ - ~,...
He was hampered by the tremendo,
emotion under which he labored an
RI the weakness incident to his recent il
ness, but he was so convincing that I
| time after time the. gathering brol
into unrestrained applause. Men wi
Z have criticized Hamilton most bitter
in the past few months joined in tt
handclapping, their admiration for h
. courage in coming forward and defen
, ing the dead John Mccall outreachir
every other considerations.
......... Must Result in Suits. =, ".
That Hamilton IS disclosures mu
! surely result =, in suits for recover
against other trustees of the New Yol
l.. Life is the common opinion here.
h ILLS VI VI Clc4 Cudl LldNC w Lain
6, q ton not one Of the officers Of the Ne
!, York Life who are here would say o.
= word tonight Fl -,
q Hamilton spoke for thirty five mi
:. utes and when he finished dozen M
= rushed up and shook him by the han
=. He was completely tired out by his {
q fort. Several times during his spec
y. he worked himself up to a frenzy Of e
! citement, pounding the desk Of a st
nographer near which he stood a.
:, swinging his arms with the force Of
Ia prizefghter. .., -~ a@-... =.
~, re- That he had put the dead Mccall
- more favorable light and a number
II the trustees Of the company in a nc
1e unenviable position was the comm
le view of the general results Of I
ly speech. - .-...-..#
n Hamilton's Arrangement.
io ct wish to state,'' said Judge Ha
4 ilton. "that my remarks here will
~. confined entirely to the New York Ii
IF Insurance company and the gentleml