The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-03-31
SENATOR GORDELL
NOW IN L|ME[|GHT
A New Name Is Added to the
New York Insurance
Investigation.
FOR BRIBERS
STILL ON IN EARNEST
Superintendent HOtchkiss Does
Not Propose to Thresh
Old Straw.

NEW YORK. March 3O-A new name
came into the fire Insurance Investigation
today and another striking example was
developed OF the speed with which legis-
lation went through the mills at Albany.
when the wheels were well creased.
Superintendent Hotchkiss gave out to-
ieht the parentaGe and birth OF the
American Bond and Mortgage Guarantee
company. which later became the Inter-
national Banking and Trust company, on
100 shares of which (par value SIS oOOl
William II, Buckley, formerly legislative
agent fop fire Insurance companies at Al
bany. was abk to borrow s130 from
lhe ihoenlX insurance company (fire) OF
Brooklyn.
The parent company. the American
Bond and Mortgage company, was pro-
NOTED by. Stewart Browne. a private
banker OF New York City. and was incor-
porated in 1893 by five inconspicuous per-
sons. OF whom little Is known. save that
Edward Mccall. brother OF the late presi-
dent Of the New York Life Insurance
company. and now a justice of the su-
preme court. The five incorporators weve
Ensign OBeal, Daniel T.. Lynch. John
Farrell. William S. Waddy and John Fl.
McCrahon.
The bill of Incorporation was introduced
into the legislature By Senator Louis f.
Goodell who represented Orange county
from 1899 to 1905. The books of the COM
pany show Senator Goodel received one
they are recorded paid for in full
Got Rid of Them.
Senator Goodell said over the telephone
tonight: Il remember ] had one hun
dred shares. ! got rid OF them damn
quick He said he could not recall why
he introduced the BILL nor did he remem-
Der the charter.
Il suppose" he said. "that some of my
friends from New York or Port Jarvis
must have asked me TO"
The charter was an extraordinary docu-
ment- II conferred on the company pow
er TO do almost anything from conduct
ing a pawnshop TO establishing a storage
warehouse,
Goodeil and il went into the committee
on rules, stayed there one day, was re-
ported out faYorablS and advanced at
dizzy pace. It's progress in the assem-
bly, was equally rapid and smooth and In
the closing days of the session the bill be-
came law.
Others Favored.
Senator Goodell was not the only one
TO whom shares were given. William II.
Buckley was allotted 100 shares. rs was
The company's books also show on May
Is. 1899. Mccall received $4,000. and on
June 10, 1899 $4,000 for legal fees-
making total Of 1000, equal TO the
par value OF his 100 shares, which. ac-
cording TO the records. he paid for as
did Buckley. Browne was positive to-
night these sums na0 not bccl ldlu US
tice Mccall. after the company was In
corporated, for legal services.
Any thought that the further course of
the Investigation is to be merely The
threshlng out of old straw was dispelled
by the announcement from the office OF
Superintendent Hotchkiss tonight that he
has sent out n request to the presidents
OF Iorty-odd American fire insurance
companies and TO the American managers
of foreign fire insurance companies To
produce records that show In any way
what sums they have paid to Legislative
agents and TO what agents these sums
went.