New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-02-19

80 much discussion Of the situation had re-
suited he thought It best 10 get at the facts
and put them beyond the likelihood of dispute. -
and administered the oath TO Superintendent
Kelsey.
EXAMINATION OF Mr.. KELSEY.
The examination Of Mr. Kelsey was then con-
Quoted by Governor Hughes, as follows:
Q-lIr Superintendent when did you assume
your office? Al think it was May i.
VII attt1,de tfst tim M sek whether Won
READ the report or the legislative investigating com
ulittee known the Armstrong Committee? Al
had as it appeared in the newspapers
OIL am not speaking OF the reports OF the pro
ceedIngs from zine time. l speaking Of the
report Of the committee made to the Legislature
papers. and also the pamphlet when it.vas Issued.
o.-When did yon read the pamphlet assume
Q.-Was it before you became superintendent?
Al wouldn't sure of thau-that is, IN the final
official form in which it was printed -,
read the report OF the committee? Al have read
from time to time sections Of / don't think
Q-When did you first begin the consideration OF
Wen d von r s you SAY HT re as matters came
Up III the department have occasionally turned
thing Of that kind KIND" - SUMS
Q.-Did you never read the report consecutiveiy
after you became superintendent. Al don't know
that ever read it from beginning 10 end at one
i m 's did eEeF gea4 at one i0s
companies; should fifteen or twenty pages.
as 10 the conditions which had been disclosed? A
Odd you take up that part OF the report which
concerned the Insurance Department? Al have
Q.-When did you first read It? Al couldn't say.
printed in the papers. or subsequently, / had the
report on my revolving desk there and have re-
o-when you became Superintendent OF Insur-
ing the Insurance. Department for study? Al
couldn't say that / did for study any more than
Q.-You know what I mean. Nj Superintendent:
when you took office did you lake the report of the
committee for the purpose Of ssceraining what
5q e ao might be saTse8 Of Tor ut2
don't think that DID any more than as I told you
less talk among the people Interested IN public
sderation OF that matter? A.-That is all beyond
ON the way you have described? AIT times.
shortly after very serious irregularities in the
management OF life insurance corporations had
istive committee a, A-Why l knew IN general
had any particular advice in relation 10 it,
Mr.. KELSEY \ BUSY MAN
Q.-After you took Office did you endeavor to ac-
quaint yourself with the character OF the IRREGULAR
that l studied them out any more infinitely than
] had already. was a very busy man, Governor,
o.-You were aware. were you not. that there had
been a waste OF the money Of the pocyholders in
penies? Al had, yes.
n.j5 1EGu were aware eravagant salaries had been
Q-That pernicious contracts had been allowed to
o.-You were aware enormous money sums had
proper accounting? A-Yes
fst e9 re {TsaS ao OF ae
tion as 70 tie transactions OF the companies had
Q.-were you also aware that there had been
75nee 9f Gpan aS g ads hs 9
these irregularities? Al was advised BY the
o.-You read the part OF the report that bore on
that? Al read the whole Of the report at inter-
Q.-When did you first become Informed that the
Insurance Department had conducted examinations
these irregularities? Al couldn't say the date,
about the time Of the examination, the invest!gat-
Q..Then you already knew that when you took
oM;PPid y9 , become aware q the fact that the
fl9l1sS14e Is zAssuIaLCe SoSle.y mad been exam
lneo ~ tne oepartneht IN 1907 Al wouldn't
remember the date. knew they had been exam
Q-Didnt you undertake to ascertain after YOU
became superintendent how late the examination
MSieb took piace sfter b Rlor 10 the time
Officers and whether or not that examination had
Al don't know that did sA'S's'
Q-Did you become aware Of the fact that the
Mutual Life Insurance Company had been exam
lred by he department as late as 1903? Al
Oven, did goa know that they had been ex-
suined not long before the invesugation-within
two or three years Al cont remember the date
remember your report recites each OF the
three companies, think, the certificates etc. OF
the examination.
o.-And you also became aware Of the fact that
the New York Life had been examined as late as
1904 by the Insurance Department? Al presume
! ala; don't recall the date now.
,,o-New soy became aware that these examina-
manner which failed To disclose A.-Yes sir
Q--these irreeniaritics2 A.-Yes. sir
2--And you knew that those charged with those
tas .ninsilons mad oeen grossly derelict IN their
Q.-Gou knew that? That WAS your own view
k--That was my own view; ! lad nothing 10 con.
tradict t.
o.--You knew that 81 in 1903. when the Mutual
examined. th0se charged with that had
properly performed II. they would have disclosed
many Of The Irregularities which shocked the pub
ne when they were nrouSn. 70 the public attention
h-Possibly they might have don't know that
= could pass judgment e.
o.-Well. you know. for example. that they would
have discosed the condition OF the accounts q the
supply department IF the Mutual Life don't you
Al should say they ought
o.-An6 you know they would have disclosed the
prnount paid 10 Mr. McCurGy sae the clrclrn-