The Washington times., 1913-01-30
A. N. BEST CALLED
! PROSECUTOR AT
: -, ,...-. -
1 INSURANCE QUIZ
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James F. Stone Declares That
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Expert Tried to Sell Books
~ sasss.s --r..a 30.
to Him.

Ccontinued ffom First Page.l

Continued nom flrst Page,). ..
IGqnt mad subscribed to 1000 Of Bests
books at $1J each.
Il told him that we couldn't buy the
books: that il was impossible
rwho did ne say had bought his man.
s.usls?" asked Attorney CarUsi.
= president Lewis Amonson. OF the
= Peoples National Insurance COMPANY.
State whether your organization has
been criticised by Best
We have been severely criticised.
--Best & Co. issues what they call
s.iegister." and In this the Peoples man
-agement has been given as fair,
while ours, has been put down as
What was the organization expense
''sot the Peoples, as compared to your
a@tssOur organization expenses were on
"a did not exceed that amount | don't
Know about the other company"
=. DO YOU think your rating would have
Nn been better il you bad bought Bests
stock" asked Chairman johnson.
"Would Be Nice"
-sy inference only / gathered that
impression. Best said he thought 1t
. some of his books for distribution
among our agents.
You are willing to give information
= about your business"
-
= able questions" said Mr.. Stone. but
= Best imagines all new insurance COM
= panies must answer every question he
= asks. We suffered tortures from this
- mans persistent efforts to make us tell
=. him everything we did
: Chairman Johnson. with decided en-
- phasis, ash I'd:
=. Is it not because this man had a
- paper. the columns of (which You were
= afraid of If you did not give in to his
= unreasonable demands, which worried
= you?'
: YES. exactly" said Mr.. stone.
= Has Best any official standing which
: entitled him to demand such informa-
= TOM
= kot-tha 1 know Of
- Il thought when he testified, COM
= mented Chairman johnson. that he
- was a presumptuous, self-constituJed
- censor and that insurance men were
= afraid of him because-of the columns
= Of his PAPER"
= Were Prosecuted.
= You are exactly right" said the wit
z ness. We suffered series Of perse-
= cutions from Best
= Mr.. johnson asked il insurance peoe-
= pie would comply with Best's demands
= for information in the event he did not
= publish paper. Mr.. Stone, thought
: not Il may be jeopardizing myself.
= now, in making these statements" said
:, Mr.. Stone as he left the stand
THE examination of Mr.. Ingham
again hinged upon the practice of the
insurance companies in paying for
= money received by Ipghaln when he
went 10 Montgomery to investigate the
y cause OF the ban against the First Ma
tional company.
: Congressman Prouty developed that
the insurance superintendent had no
> public record in his office of the ex-
= penses of the Alabama trip.
! 1ngham said he keut the expense fig
- in
= wanted to know whether q public Of
> ficer, receiving money from a corpo-
: ration under his esupehsisiofl no mat
: ter how legftfpate the proceeding might
be, ought to keep no record OF such
2 transaction Mr.. Ingham said he saw
: no wrong in TIE first course.
But, suppose you died or went
: AWAY" said Mr.. Redfield.
> Mr.. Ingham said he always told other
: employes of the office when receiving
: expense MONEY OF this sort, and that he
: always inserted in his annual state
: ments a record of such accounts
: do you personally examine the ac-
!. counts of your assistants when they
: 60 away on these out-of-town assign
Mr.. Ingham said he didn't examine
: all of them He said he had conf
: dence in the honesty of the employees
OF the insurance department, and didn't
ments as probable.
When you are given a check for an
! Out-of-town mission, asked Mr.. Red
} field, do you turn il over to the eX-
aminer?"
: IF they are here / turn the check
over TO them: IL they are away I
: deposit the. check TO my own account
: and send the examiner my check.
Mr.. Redfeld asked few more ques-
. tons regarding the fees paid Insurance
Z examiners and real estate appraisers,
: and the superintendent of insurance
: sn1ilingly left the stond. He had sp-
) parently made favorable impression.
In Writing.
. In closing the investigation the COM
mittee decided that Charles c. Glover.
Charles ]. Bell, and Edward J. Stell-
wagen may submit in writing certain
! 6ata desired by the committee. This
data will consist in the value of prop
erty held by these three bankers in the
vicinity of the Southern building. as
carried on their books. The three
bankers are also asked TO infrm the
committee what amount they derive
from insurance holdings and insurance
brokerage.
a long discussion regarding the time
for submitting the arguments OF coun-
sci followed the testimony today. The
three attorneys, Messrs. Douglas, Eas-
by-Smith, and Carusi, thought II would
be impossible to get up the briefs and
oral arguments before next Friday or
Saturday. but finally agreed to make
an attempt to present them Tuesday
night, as Congressman Redfield will
b.. -Ts fnF tnp Ia