Windham County reformer. (Brattleboro, Vt.) 1901-1906, 1906-03-23
THE WEEK IN THE WORLD.
Great Events and Movements Which Arc
Making History.

The Joint special committee OF the New
York state legislature, which, since last Sep
TENDER, has been investigating the methods
aud conditions OF the institution OF life IN
suranee as conducted by the companies do
nestle and foreign, doing business In New
York, formally closed It's public hearing Fri
day on the bills embodying Its recommended
tons for the amendment Of the insurance law
the corporation law, the legislative law and
the penal code, as the result Of Its long and
sensational Investigation. subcommittee
will 70 over the bills and make such modih'
cations as are deemed necessary and In about
two weeks the bills, In final form, viii be
presented 10 the legislature, A climax TO the
sensational testimony given before the com.
mittee was reached Thursday, March Is. when
Andrew Hamilton Of New York, one Of the
absentees desired by tho committee, In q
speech replete with bitter inyective, de-
nounced the trustees OF the New YORK Liie
Insurance company, accusing them OF treach.
cry and eowardice In leaving himself and the
late President Mccall TO bear the RESPONSE
bility for the great expenditures shown TO
have been made by him In connection with
his legal and legislative work for the com.
pany and OF which he declared they were
well aware. Hamilton suggests that the pro-
posed bills should contain provision that no
trustee legislated out OF office next Novem'
Der, as recommended by the committee, shall
be eligible for reelection until n full year has
elapsed. Mr. Hamilton, who was formerly
legislative agent Of the New York Life, was
summoned Monday in a suit brought by the
trustees Of that company for an accounting
from Mr.. Hamilton of moneys expended by
him under the direction Of the late Presi'
dent John A. Mccall Samuel untermyer,
counsel for the International Policyholders
a h.. III In Nj
comp n. has cent letter 10 Alexander T..
Orr president OF the New York Life, pro-
testing in the name OF the policyholders
against what he terms the extraordinary eff
fort that is being made by the officers OF
the company to obtain proxies for the annual
election which is to be held early in April.
Mr.. Untermyer's letter explains the obiee.
ton Of the committee and declares that no
election should be held until legislation af-
feciing the insurance business is passed. He
says that the work is being done for the
reelection Of themselves as officials at enor.
nous expense 20 the polcyholdcrs. New YORK
newspapers say that the New York Life
finance committee has decided not to hold the
Mccall estate responsible for political con-
tributons II has agreed that the trustees
Of the company who were members Of the
finance committee during the presidential
campaigns of 1896, 1900 and 1904, and were
'cognzant OF the political contributions made
by the New York Life, should reimburse the
company TO the extent Of Si4S,000. This is
the total OF the political contributions made
by the company. Each trustee will go into his
own private funds to make the payment In
all there are Is trustees involved, and under
the agreement each man will have to con.
tribute a trihe less than $4,000. Thomas
W. Lawson telegraphed the Armstrong com.
mittee just before its adjournment to the eff
feet that interested parties have received as
surances that the proposed insurance legisla-
ton can be killed. He warned the commit
tee that its work was never in greater danger
than at present.