New-York tribune., 1919-09-27
Says Wynkoop Co.,
Got Sll3,0OO as
Insurance Agent
Witness i'm State Risk Fund
Inquiry Tells of Conpen-
sation Received by Ser
vice in Eighteen Months

compensation amounting TO $4,000
was received by the Wynkoop Service
from July /, 1917, to December 81. 1918,
for its work as agent for employers
lnsuring their workers undcr<the State
Insurance Fund. This was the testi-
mons yesterday before Special Com
missioner Jeremiah f. Connor. during
the Investigation of charges of irregu-
larites ON The part of employees of
the State Insurance Fund Of the State
Industrial Commission. The hearing
is being conducted in City Hall.
The figures were presented By Ed
ward r. Hoffman, accountant for Miles
NJ. Dawson, Commissioner Connor's
counsel. Mr.. Hoffman testified that
premiums of S145.39S had been charged
to clients under the Wynkoop Service
by the insurance fund prior to their
having accepted the Wynkoop service
He also said that premiums for this
group, after accel ing the Wynkoop
Service, amounted % $262,5O0. Hold
ers of special exemption policies were
charged $36,192 grant total of pre-
mlums Tor the group Of $444 ,091.
1t was shown by the records, Mr..
the I. &. Johnson Company, the United
States Home Company and the Gould
Coupler Company had been on the
verge Of going into the State fund
when Wynkoop obtained them If
these had been under the medical ser
vice clause added premiums would have
amounted to $74 900. Dividends to this
group from July !, 1917, to December
81, 1918, were S7S6o1. Wynkoop's con-
tract, which gave him one-half. netted
him $4,000, Mr.. Hoffman said and
4 IL. IL, 1
services, etc. meant he received
$4,000.
In Mr.. Baldwin's examination, dur
ing which he said h extended the
credit to the Metropolitan company on
his own judgment. it was developed
that up to date the company is in
debted to the fund in total of more
tkan $71,0 900. He added that he had no
knowledge of such a credit being ex-
tended any other policy holder.
After an exhaustive examination into
group in it's relations with the insur-
ance fund, Mr. Dawson called attention
to the fact that Wynkoop seemed to
render his bills to policy holders before
the state rendered its bill, and said
he must have had some information on
which to base his charges. Mr.. Bald
win said he could not testify as to
that.
Mrs. Anna Loe, whose son Charles
was killed while at work fol the Under
pInninG and Foundation Company. was
questioned about the compensation she
received.
Documents were produced by Mr..
Dawson in an effort to prove that Mrs
Loe had been approached by an agent
of the alleged State Insurance Fund
ring and pers uaded to ask compen-
satlon OF $500 IN one payment, after
she had been allotted bi-weekly pay
ments Of $924
This $1,000 was paid upon represen-
tation that the mother wished to pur-
chase house. Mr.. Dawson said. She
testified that she had given her son.
Wllllam 500 of it. she did not know
Tor what purpose.
The Wynkoop Service does not make
and never has made lump sum settle
ments,' said G. NJ. Wynkoop in a state
ment given out yesterday. "Thc only
financial relation that the Wynkoop
Service has to a claimant is to ad-
vance him moneys that he needs to
live on, pending hearing of his case,
ana receipts clearly marking these ad-
vances arc furnished to the hearing
commissioner
The Wynkoop Service advances such
money at its own risk Within the
last year the service has suffered Sc
we're losses owing to the fact that
money it has advanced to claimants
has been negligently repaid not to en-
ployers, but to claimants, who have re-
fused to return it "