The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1906-01-02
Tells to the investigate
Committee That RI
Never Received a Pal
-
ment of $40. 900 Froi
the Mutual Reserve.
Declares That Any NJ
Suggesting Such
Thing Would
Been Fortunate ID
Gaping With His Head.


New York, Dec, 2S.--Spiritedly deny,I
ing that he had ever received a payA
ment of $4,000 from the Mutual Re-
serve Lie Insurance Co., Louis h,
kayn, former insurance commissioner
Of the state of New York declared
with much emphasis before the legisls7
tive insurance investigating c1nS
tee today that ANY man who,
on earth who had ever suggest
such proposition to me would have
been fortunate fellow II he bot out
of my presence with his head on his
shouideis."
Mr.. Payn told the committee Of am
effGrt Richard A. McCurdy, president
Of the Mutual, had made to make an
appointment with him regarding tho
adm. ssion of Prussian insurance COM
panies 10 do business In the state OF
New York. Mr.. Payn declared that
he neither trusted the state attorney
generals Office nor had faith in the
legal decisions of that department and
that, In view OF this lack of faith, he
had employed Judge j. Ryder Cady as
special counsel to act for him when
he was insurance commissioner and
had refused personally to see Mr.. Nc
Curdy, sending Judge Cady In hh,
stead to represent him.
Interrupting the testimony of Mr..
Payn, Judge Cady was called to the
stand and testified regarding his in
terview with Mr.. McCurdy, OF the Mu-
tual.
"Mr. McCurdy iterated and reiterate,>
ed his sense OF disappointment" said
Judge Cady, "over the decision of Mr..
Payn to admit the Prussian compan-
lee. He finally said to me: Mr.. Cady.
what are your relations with the
surance Department.
Il said: My relations are s
those OF counsel who is consulted
time to time upon matters upon
the superintendent requires lega
vice.
He said: You are not an Office
II said: No, am not an officer
the state
He said: is there any reason
you should not accept retaind
behalf of the Mutual Life upon
question:
Il said: Mr.. McCurdy, the
every reason why l should not
a retainer in behalf of the Mutual
While 1 have not been counse,
particular matter in which the
sion of the superintendent has
made, nor consulted by the SUI
teDdent as to what decision shoJ
made by him in the disposition 4
have been requested by him to
here and have an interview wi
have had with You, and / regard
self to that extent as his represe
tive and to such an extent as to nj
it impossible for me to consider
pioposiuon of being employed Of
take retainer from the Mutual III
More than that, Mr.. McCurdy, u
gard ~ question as closed"
At the time of this interview
Mutual was barred from Prussia -
as retaliation, Mr.. McCurdy desireM
the Prussian companies barred froma
doing business In the state of NeM
York. n
Mr.. Hughes then wanted to known
of Mr.. rayn, when he was recalled,
why he had at one time refused ad-
mission to the Prussian companies,
and atterward admitted those eompan-
les, while Prussia still refused to let,
the Mutual Life do business IN PrulN
sia- Mr.. Payn explained that the gen,
eral subject referred to had been -
der the consideration OF the stal
partment at Washington and
when he did finally agree II
Prussian companies, thes
as required by law, had
all American compani
piled with the Prussian
country. The Mutual. hE!~
never made application. +
Robert H. Hunter, first depuly n
erintendent of insurance. testified a "
fore the committee that complete rYl
ports of the Investigations of life IA
surance companies were seldom turn.N
into the state department. Jk