The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-04-24
NAY DEFY SUPT. HOHCHKISS
DIRECTORS OF DITCHESS ms.
60. INDORSE PRESIDENT VAN

And May Mep6t the Demand Zoe Hls Retire
mena--Tney say TAey Are FaHiiaar
with the Act oS Whlch Nlr. Isotcnk lss
Camplalns and VAN Dld Right.
PouoHKEEPsIE. April 2S-The charges
of urismanacsnent made by state IN
suranre SUPERINTENDENT Hoschkiss against
Pr~N dant Lewis n Vail of tho old Duchess
Inslranne Company were squarely met
to-day by q statement by President Vail.
who denied tho charges IN toto. The
directors associated with Mr.. Vail IN the
MANAGEMENT Of the company are in q
defiant mood Both they and the direc-
tors Of the new Dutchess Fire Insurance.
Company. formed after the San Fran
niseo dIaaster. will. II se~ms probable.
resist the State Superintendent's demand
for tho retirement Of Mr. Vail from both
companies This matter will come bsfore
the old board az = nesting to he held next
Thursday.
Tn cans the Superintendent b densd he
must have recour~s TO tho courts IN get
control og the company Lawyer Allison
Buttr. counsel for Mr.. Vail. said Tonight
that he would welcome this contingency.
Tor it would give him the right IN cross
examine the witnesses. which Wa denied
him at the hearings conducted by IN"
State Insurance Superintendent
Secretary Jease Graham. who made the
most damaging charges against Mr.. Vail.
Wa examined In private. Mr.. Butts.
when he ataempted % question him. met
with silence and Mr.. Graham has since
refused eo talk with him.
Secrerary Graham 10 q brother-in. law
cf Pubic Service Commissioner James 2
So que who 10 .toclholdor md director
oF the new company but nov In ID" cid
com pany. in which Mr.. GrPham and Mr.
SaGue's mother have small interests
Mr. SagIe tonight refused to admit NJ
DENY tho rumof thst he iNstigHted the
Investigation He added that he wanted
TO see the fullest investigation OF both
further e. He said tibet 70 reserved the
ight 20 demand from any state commits
SION or department an Investigation 81
matte,s in which he IL Interested. Mr.
"a que has 81 500 N stock IN the new
company
William ". Smith. Poughkecpsis's
millionaire philanthTopist, who has given
a million 10 charities. declared to-day
that u State Insurance Superintendent
Hotchkias can find any better business
men than the directorate OF the DHitCheS-
Insurance Company he would like to
know who they are Mr. Smith II n stock
holder and director Of the new company.
but not Of the old
Practically all OF Mr. Walls fellow
directors in the Old company. which
includes three hank pres,dents. indorss'
his management Of its Affairs and say
they were familiar with the acts OF which
MIR Hotchkiss complains and hehev~
Mr. Vail did what was right
The question regarding the Is per
cent commission which was brought out
by the state superintendent STRUCTURES
OF the missing minute book leaf war
Strengthened out to-day by NIce-PreSi-
dent Milton 4 Fowler 81 the Osd company.
VINO said
with reference to the question as Ia
whether the executive committee ot ths'
Dutcheas Fire Insurance Company "NeT
passed resolution to ray the trustees
Of the Dutchess Insurance Company "A
commission Of IS per c-nt. ! am perfectly
clear IN my recollection. IN which ! am
sustained hy the three other members OF
the sNacItiVS committee, that no such
resolution was ever presented by the OF
was ever passed.
I have also stated. as have several
menbers 81 each OF the joint committees
which were appointed TO agree upon
commission To be paid. that no agr~sEnent
for tho payment OF . commission was ever
reached until February. lvin. when the
agreement for the payment Of IS per cent.
was mAHe and has been acted upon