The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-04-12

Of Fire IndeS writer's in IsOl and an auxiliary
fund Of - go rs is@d nv certain % the com
"a niea contributor tn that hoard IN the
"a me year have been largely accounted for.
The facts developed a. TO these various
! funds prove hat some Of he moneys went
to the R..puhli'sn state commute. IN Tecos-
milton OF The Interest NJ certain memt
Of such commit ,a.' ~ The lime various bills
we're I.a-~~d snm- io prominent polite ins
3 som" to I,asi member- NJ ~. legislature
supposedly Of innuen"e aud q large poTtiou
10 "A legislative agent FORMERLY 'nnn'.'' eel
v nh The Insurance Department NJ he STATE
Of NeN NOTk. Who's. ,iisbur -. msut- 81 such
lund- are sufficiently characterized va his
own correspondence. hur wh"-' memory
seems lap=ad. whose ho.,k- are apparently
non - Hi-ten, and an iW-pe" ton nj whose
hank account has be.n dsnisd Numerous
items OT proof however. Warrant The IN
ference hat some ~ he moneys thus dis
hurssd went further than the perAOnS 10
whom 'hev were paid hy he representative
Of the Insurance Interests
) several WTnsssS- offered proof o.
direct prOpos 'IOus made nv so-caIIad
Iobhvists looking - TIE pavment Of money
to such psrSoG-. ttat ~ might No nv them
di~iT ibutEd among mrrnh'r@ ~ pa-l Legs
latur"s
Instances NJ the attempted collection
NJ funds Tor the purpose Of contributing
10 ~" campaigns Of legi-laiiv" cSnd,dst"~
we're also Developed
Much va sl~O sli,itsd a. go -o-r,ilsd
STRIKE hills. aud the log rolling ~ such
hills N and Ou' OF committees responsive
to IN" influence Of lobbvi~is and legislative
agents. often apparently that they might
either prove their usefulness OF exact larger
cnntribut ion- from their drpe-
y similarly numerous instances .vH
d~ncinE tho holding uD Of meT OTious bills
and the threatened passage ~ had hills
The hank s"COuhts ~ N" middl. men we're
also developed
BILL KILLING NNDLNw GETTING EoR FNT.
IN short. while absolute proof showing
the trsnsi ri money troFn tho nauk acCoun,
NJ an in-uTan~" company into N" hands
oT the hank sc' cunt or 4 lrgiSt1fOr j. lack
irg. the record If the inVs-'tg1' ion ~ thus
fR- made az warrants th' statement thai
during the last decade particularly ~ the
Hr~; Ave veRrs - such decade. = sv.tem NJ
hills killing and l7N gnIrtng has existed
which - \ rrrrosch to 'hc p-or'" oG Inc
StE's That such sN-tem "Ntsiei prior
10 issns - also apparent trO"t be- fAJf- 0svel-
opsd IN tho invest CATION.
During tho progress OF Ias inv@Situqtinn
tho chez w'ne-s fr-gU"utlv refused - m
swer quest ion- thereby making himself
liable Tor cn"t-mpi ind. sect ION a. Of the
public ofir r. IaW ~" sIso served a notice
upon his principal hans Ut i"IP-'. N" rr-
suit ~ which Na- hat such hank dc, lined
to produce transcript ~ hts account
which - had h"~n -uhpPnH~d 10 urodnc-
II was not though essential - th. dcVelop-
rn~nt OF IN" iac's that the Investigation
proper no halted - Cwmp~l the answering
Of questions and the prOduct ION Of hook,
aN4a II -.
such testimony ard production can b.
compelled
4 disi"ultv. apparently insuperabie. has.
however Developed The bOoks NJ the
Phenix Insurance COMPANY showed that
white the chief witness in Tits Investigation
waa u member of the Insurance Department
Of this state such company had loaned him
sis 90 on the collateral Of IOO shares Of
the International Ranking snd Trust Com
PAW The latter company was ths sue
cessor m interest Of he American BOnd and
Mortgage Guarantee Company. to which =
-p~cisl charter. giN ina eytraord inarv powers
some n them of an insurance nature - had
h~en voted by the Legislature of IaOO In
quirv INTO this transaction suggested the
importance % careful investigation OF the
books 81 certain financial institutions now
nit of business. to the end that the circum-
stance surrounding the acquisition of por-
tions 81 such stock nv this witness and Ut hers
might no spread upon the record Again. q
notice was served which in eject prevented
an examination Of such books aud further
progress along this line was thus. for the
time blocked The testimony oS voIun-
tary witness however threw q strong light
sought special charters With wide corporate
power from tho Legislatures Of several
years ago
Iikewi~e further inquiry into certain
facts developed A. the result Of n slsge.-
lion made by the counsel of former senator
ConZer seems - he not only effectively
biooked but also prohablV improt-.r
EliinRwood \ Cunningham Yer. from isn
TO about March. IOS. a stock brokerage
house. Operating ia New York \ petition
IN bankruptcy was fled against them. aud a
settlement made with heir 'r~'iiioT- Their
books ia p@rs md rssord~ however ~
NAMED in the po--s--ion ~ .Iams- " Gun.
ningham. one of IA. members IT tho iTn
Dor about nvs wears prior Ia The failure Of
this rrm one - Ira"y Foyer who a. tha'
'lrIs seems 10 have been the Legislative rep
r-~sn'a'iNs a. Nihan. ~ the tra,rion IN
tsT-~'s va. special Tatrnsr ~ the arm
SubIs0na served upon Mr. cunningham
resulted IN hts pia'Iug N 80. u0s-..-sion ~
lh.. Srpertnten.i"ut Of Insurance ihrs.. large
loose leaf ledger 'ov~rtnF tbs transactions
pf hi- nFu' rom 1891 'o Mag b. l:=g fn,iu.
-iy" "a. also gave informal IN o., ~ tho
sNI~t~n'- aud rhara"t"r Of tho other took~
paper. snd records II such urtu. AID urnr,
iaef "a ma q m" same aNaiighlr IN 80.
animal ION of .u'h IedR-r- Developed he
existence therein Of ArcOuut- with saysr..
former members II tho Legislature ~ori,.
Of vi HON had h~en active IN tbs. Insur,u, ..
aud Rules committees Mr. Cunningham.
was therefore, q .ked 10 tsks ih. .Jaud ana
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