The Montgomery advertiser., 1906-02-09
.~ IF MILTON IS
 UNDER FIRE John A. Mccall Also Sharply Criticised. REPORT ON NEW YORK LIFE Committee Tells of Money Spent . Mysteriously. Intimated That the Alleged IlI-Health of Hamilton Is Merely An Ex- i. cusc to Stay Away From
 Americn.
REPORT ON NEW YORK LIFE

mittee appointed by the trustees of the New York Life Insurance Company tC investigate the affairs of the company today 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 severe arraign- ment 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 connec- ton with the "bureau of taxation and Legislation" during the last ten years and for allowing Hamilton to pay out vast sums without proper accounts ing.
 Special attention Is called to remit tance of. $10.0O0 to Mir. Mccall in Lon don and $134,500 to Hamilton in Paris In 1900. The purpose of the remit tances, the committee says 1t has been unable to ascertain snd 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 Mir. Mccall for information regarding the transactions but that 1t is informed by Mir. McCall's family that his physi- cal, and, nervous condition Is such that it cannot be taken up at present.
 As to Mir. Hamilton's health, which has been represented as being bad, the committee, says it has been in- formed that he was ppysica1ly able to travel and has exerted every effort to induce him to return to make q full disclosure of his payments. disburse- ments and transactions. but without success
 The committee states in beginnins it's report, that 1t has made with the loyal and efficient aid of the com pany's officers a through and through exhaustion of the returns of Andrew Hamilton. the executive agent of the company and all payments Of money to fiul. It is believed 1t has obtained an information about this subject that is accessible. The payments of money. to Hamilton were gone into. For none oi these payments whether made at the home office Or the branch offices, the committee states. is there any other receipt or voucher other than that giv- en by Hamilton and there is no evi- dence by which the committee or off cers of the company can state to whom or by what occasion or what specific purpose. the sums received by Hamil- ton were paid out by him.
 $e1,0OO Year for Hamilton.
 The average annual sum of S61,00C was paid to Hamilton from the years 1894 to 1905 inclusive. Whether this sum was an unreasonably excessive sum the committee has no means of determining. The generalties of Ham, ilton's Paris statement furnish. no aid in forming a conclusion on the sub ject. It is a fact. the report con- tinues, that measures of Legislation are proposed every year in various States which if enacted, would be injurious ---- panies and their policy holders.
 These measures cannot be Ignored and neglected and the expense of ob- taining information about them. of watching them, and of employing coun- sel or insurance experts to oppose them or secure proper amendments is obvi- ously necessity and legitimate expen- ditlre. It may be that the great bulk of the sum annually disbursed by Ham, IIton was used for these legitimate purposes. The committee has no in- formation that any of 1t was put to iIlegitimate uses.
 But the fact that there is no infor- nation in the records of the company showing to whom the money was paid nor for what purposes. the report de- cIares, condemns the methods and sys- tenn which have been in vogue during 
 of the company on this account should be authorized or receipted for on a diff ferent method from that of Its other expenditures. For every dollar paid out, there should be voucher showing to whom 1t was paid and for what pur- pose. With respect no subject is this a more necessary requirement. that ex- penditures in connection with the pro- posed measures of legislation because of the suspicious they arouse and the temptations to improper use of money appropriated for that purpose.
 Vouchers for All Expenditures.
 The committee therefore emphatical- ly commends the report on this subject made by a special committee on Oct. IS, 1905. which was unanimously adopt ed by the board of trustees. The rec ommendation of that report provided for full and adequate voucher for all such expenditures. a monthly report thereon to the board and an annual re- port to the superintendent of insur- ance. That is the system now in force in this company. The committee further asks that payments from of- fices should he confined to matters con- uocted with those offices and that the charge and conduct of all action of the company regarding legislation be com mitted to the law department as one of it's functions. The committee pre- sents vouchers for sums amounting to $3S.5o0 between 1898 and 1905. and says that they were to be accounted for. but no account was ever ordered as to any of them.
 The committee says it is advised that an accounting may be compelled from Hamilton with respect to the monies received by him for the purpose of the so-called Bureau of Tax ation and Legislation, that 1t may be ascertained to what extent and for what purpose they were used. and to whom they were paid. and proceedings for such an accounting should be at once instituted. The committed then considered payments with which Ham, ilton was connected and which are plar- ed in a different category. The total of these sums is S233,OOO for which the committee ayers Hamilton has not in any way accounted. These transactions were investigated by the legislative committee and the trustees say their details are unnecessary now.
 Money Paid to Hamilton.
 Tt is enough today" the report goes on, that these sums of money were all paid to Hamilton by the order of President Mccall and the responsibil-