Newspaper Page Text
| meat 'yarding his position on. prosecutions
•growing- out of evidence taken thrre.
! Several times in the proceedings Mr. McCall
paused to make statements. Tho most imprea
ißlve was Oat referred to abov. k. in which he
'assailed «V"vige Tarker. Equ. illy interesting
'tras his ."Uiswfr to the accusation that he had
I become a millionaire while prrsident of the
hsrew-Yorli Life. This he indigna ntly denied, in-
Blsting that he x\?s neither a m HUonaire nor a
;mult*-ml!llonalre, «vnd that If he should die at
-the present lime tb»-> largest amo cnt that would
be available for his heirs would come from his
[■'policy in the *J<*w-'York LJfe, on ivb/ich he paid
BAKK OFFICIAL. EXAII.NEP.
Before Mr. McCall was asked to take the
stand Willis G. Nash, cashion of I»M New State
Bank of Albany, was placed on the stand, and
: submitted an account of Mr. 1 Jamlltons de-
i posits and withdraiwnls from that institution.
'Those were merely in the Bhai * of balance
Sheets, and showed nothing as to the purpose
;&r; &r which the money was. withdra ma or the per
sons to whom it was paid. Mr. Nash testified
: tha^ Mr. Hamilton gavr no one bat his oau*h
ter Ihe power of attorney. The le transcripts
were used throughout the rest <if the day as
•showing that whenever Mr. Hair liton received
■ money .Tom the New-York Life ho promptly de
i posited .it with tho New- York Bt ate Bank and
i equally »wpeditiouely withdrew It. The bal
>ar.ce in favor of Mr. Hamilton at present is
Mr 'ilcCA'l tos then called to the stand. He
Mr. McOfc'l "K-as then railed to the Ptand. He
! testified first that he !md been prf>si<lent of the
:2Cew-Yo-k LiVe for thirteen years c that before
that he was controller of the Flqu: table, and
! before that State Superintendent of Insurance
from ISS3 to 18&S- Mr. Hughes th«. asked:
I O As D-e«ident of the N.rw-York Li fe Insurance
r^ari- have yOUv OU had ocoasion from time to time
«fei^r^n^%Ai« f oS!& 5.75 .7 A.
:DUr" Checks to the amount of BMW ? A.-Yes.
8"-Has that" been so for a period of years? A.
i^^l^wha^^-a^are^ch checks . edited? A
■^Q^l VlVtiflcate they are sent to the cor.trojler s
>&™Ven?anda warrant is .Ira* n and checks
[issued on that w-rant.^ rfc fe , the rayment
l d .?er^fned by other officers of tile company. A—
"I am the sole judge of that.
Mr Hughes then began his inquiry about
•Andrew Hamilton, and Mr. McCa.ll testified that
!he had known Hamilton from bo.fliood, but that
ijie was not in any way related to him. He said
<2ir Hamilton had been connected with the New
frrork Life since 1892. and was oi >«ler a retainer
of 000 down to 1597. when he took charge of
taxation and legislation affecting the New- York
\lAte throughout the United States, employing
"his own counsel and being in corns dete-charge of
REPORT ON $100,000 MADE ORALLY.
Mr Hughes then took up the two checks, for
$45,000 and $55,000. paid to Hamilton on Mr.
WcCall-s ord-r. and testified to b:r G. W. Per
kins last week. Mr. McCall made a long state
ment on this point, declaring that the money
■*-a* advanced to be used in the rnirch.ise of rea.
■estate near the home office, at No. 346 Broad
way. A receipt for the amount, with a note,
-expense account," was submitted, signed by
Mr. Hamilton. Mr. Hugh-* asked:
. Q_were the words "expense acountf' on that
memorandum when 11 was withdrawn. Hhlnk
it Q !^T)o you know in whose handwriting it Ist A.-
UQU Q r -In whose handwriting is this vouch.tr? The
S? XVSobal^'oSr^at J^onf-tbe
Statement "that I made to him at the tin* of the
of JWO.OOO been accounted for
: %. oo 1 vu 1 mm O ce t an t^lay *hat he ha. acounted .or
i^iga^you^the account of it? A^Yes. May I
■-thVSflHSf^to^^ Ihe^ccount,. A. Mr.
H*,^ ESdScS tn-fitlXmegT I want a
-tatVmint ot wWever account Mr. .Hamilton may
have rendered to you for this money. A. He
tendered a statement to m^ personally in my of
' fi QHave you that statement? A. I say he rend
'taSoian account personally tone m my office.
S^'-kTehe^lyoShadnVwrfuen account of the
exieniit/re of the money? A. It has not been
Tf^f'.n^.'Tc^,- tXZ« .0
**o n is it still in Mr. Hamilton'? possession? A. I
NH^H? SSSt-^t l^ >Sr. '»S»« M *
: E»aSnoT b f w^fiiU* BWi*
our connection with that.
REAL ESTATE DEALS NOT MADE.
• Then followed an hour of discussion, in which
It developed that the money advanced to Mr.
Hamilton aggregated * 235,000. but that while
large real estate deals had been carried out. none
of Mr. Hamilton's receipts had been applied to
ibis purpose. In addition to the SIOO.OOO, Mr.
'McCall testified that $85,000 had been advanced
to Mr. Hamilton 10 take up a mortgage on a
3ennet property, but this* had never been ex
panded for this purpose. Mr. Hughes then said:
I q.__l would like to see that check for the $76 000
■•payment to Mr. Hamilton in December, 1&03? A.—
*Fhat '6 here that $75,000 check.
, O— Was the payment of those amounts to An
!drew Hamilton brought before ihe finance commit
tee? A. They were not.
r,'_Or any other officer of your company. A.—
Excent myself and the signers to the checks
.^Q^ArTd the signers to the check signed it upon
:3 T-3££ yoV^? -" chers for these item,? A.
Ye«, there Is a voucher with the check. I think.
**O — Caa vou explain why it was that checks
•1903 nhould be vouchered on January 8, 1904 . A.—
•.$;« is accounted for by the voucher which you
have in your ha_nd.
• < Str^Hughw-l ' wilToffer the letter referred to. in
T E SvrD^r£ent:Vw-York Life Insur
ance Company. John A. McCall. President,
KoV 346-348 Broadway. New-York Der. 12 1903
"Memo for Controller Ballard: In relation to
■fludKe Hamilton's matter, which he may bo able to
: settle before the first of the year through his ac
: oounte I want to advance htm on Monday $60,000,
l^rith which he will take up the previous advance of
jt»iv«> giving his own cheek, which will be repaid
-before the first of the year, if possible, and if not.
!v,v settling through his account afterward.
•' seivuße "JOHN A. M'CALL, President.
' "Stamped: Correct for $75,000. January 8. 1904.
"Warrant drawn. Controller, $75.0j0. Charged to
'teal expenses and carry on sub-ledger. Charge to
Judge Hamilton, to be hereafT<r accounted for.
"By direction of President, Jan. 8, IB(M— S. M. B."
— Who is B. M. B? Sidney M. Mallard, who
'Is ee<retary of the company and was then con
• Q — Do you have accounts from Judge Hamilton?
tu-3.W« have letter* and advices.
■ Q._Do you have formal accounts from him? A.
"~O —Did Judge Hamilton tell you on March 2S. I?**.
that he still had that 175,090? A.— He didn't say a
W S r -DM U vou«k him? A.-I did not.
Q.— Did you ask him what he did with it? A.—
GUARANTEES THE FINDS.
O — show you Judge Hamilton's account with the
-vlVp.York State National Bank, and I call your at
timion to the deposit of $25,000 on December 6, 1908.
and a draft for *S.OW on December 7. 1908. and I
call your attention to the course of the account.
1 from which it appears that the $».O» as shown by
the check you have offered was drawn against by
him fl>r some purpose. Do you know what that
pJrVo f £ waT? A -No. sir; I have not the .lightest
knowledge of it. not^he « ef . k to the order
of Andrew 'Hamilton? marked Exhibit 95, Decem-
ls§T Natural La satire Water.
g£|l Jiallaglaesnpon arising Hjg
Warn act* gently and quickly? Stiii
PI giving positive re»l< I OB
■ trylt NOW Iftrf
S§9 Ask distinct If for I
fill Hunyadl Janos. jjjya;
HE Grand Prize, St. Irtmi-* §-.S-
I Exposition, 1004. $£$
her 1. 1905. and I call your « tt « l . } on / J o J l l'*, t ln :
.k>rsement on that check: -Pay to the; order of the
New York State National Bank of Alban>. Andrew
Hamilton. and I call your attention to the cntrj of
a credit to Andrew Hamilton on December 1. 1903.
of $T.<\ooo. Are you able to follow that; to ldentifv
Q.— call attention to th* debits against
Mr. Hamilton's account of JEW. iinrt the debit I
find on December 16 was Andrew Hamilton. \V>,m.
Are you able to identify that? A.— l am not, not
the ""lightest. „
Q.— You don't know- what that bad relation to.
A. -Not the slightest. 5O far as i know
Q.-- You mean to come here, Mr. lfc< all. and state
to the- committee that you have no knowledge or
notion that Mr. Hamilton in any way disposed of
that $75,000? A.— haven't any more idea about
what he has done with the moneys advanced to
him about the printing house property other than
this, that 1 have got every notion In the world that
that money belonps to the New- York Life, when we
demand it and we will get it. And 1 want to say,
further. If it Isn't coming from him, I guarantee it.
Q.— Yes. Well, that i.= a thought that has been
In your mind now for about eighteen months. A —
Anything that I am responsible for. the payment
of tin money that the New-York Life's president
has accounted for. I will pay.
Q.— But you spc, Mr McOall, we are interested In
conditions and practices here where even the large
responsibility which you are able to give as an
officer might net be sufficient to protect those in
terested in the company, and wo want to know
particularly what accounting judge Hamilton ever
has made "to you, what conversations you have
ever had with him about this amount of money
which has been left !n his hands? A.— l have had
many conversation!!, the Ir.st before he went to
Q— he tell you that he still had the money?
A —l didn't ask him whether he had or not.
Q.— Didn't you suppope he had? A.— l suppose that
he had the n'oney on demand of the New- York Life
when It wanted it.
Q.— Do you know of any purpose for which he.
in accordance with your Instructions, could have
disbursed it? A.— No, but I know of something that
would entitle him to It.
Q — "What? A.— He made a contract with the New-
York LJfe In 1104 that if he should recover from
the State of New- York about $300,000 In taxes that
had been paid for four years, without any payment
to him in the event of defeat, following the suit to
the t'nited States Suprerre Court, that then and In
that event he was entitled to one-third of that re
covery, find that recover • was over $86,000.
Q.— When was that recovered? A.— l»04. by the
decision of vhe Court of Appeals of the State of
Q— lt Is settled? A.— Yes, but the State does not
pay It back. XT
Q.— So the money has not come in yet? A.— wo.
q._Do you regard him as entitled to the. money?
"Why." the company will certify
q _i>o you mean to say the moneys he has got
will pay him? A —No. I do not. I have not said
bo or meant to, Mr. Hughes.
Q — In any way? A.— No. sir.
Q— Now. I have noticed that on this item or let
ter of December 12. IW)3. there is an entry. / Charge
to legal expenses and carry on sub-ledger. vv nat
Is the sub-ledger? A.— The sub-ledger is a blotter
ledger, as a matter of fact. One of the clerics
here can Identify it for you and show you tne
CHECKS AS rASH IX REPORT.
Q._On December 31. 1903. was it reported as a
part of your legal expenses to the State Insurance
Department? A.— lt was not; it was not so re
Q— Well, what was done with it before that
time? A— Th? two advances were carried in the
cash account, with Judge Hamilton's check on De
cember 31, IMH. because at thnt time h© expected to
buy that mortgage In connection with the Bennett
Building, and he gave two checks to the company,
which were carried as cash on December 3i. and
when the mortgage was not paid that $75,000 went
In ac dishursements of the company, to b» ac
counted for in accordance with that voucher.
Q.— Then Mr. Hamilton having received thes* two
checks in December. 1908. aggregating $75,000. on
December 31. 1904. gave back to the company his
two checks for the $75.0u0? A.— No, It was contem
poraneous with his getting the checks.
Q— Did you bank the checks? A.— No, we held
them in the office; we held them charged In ac
cordsnes with the voucher that you have in your
hand— on your desk there.
Q.— Never mind the voucher. We have that
voucher on record. A.— l merely want to Justify
my sta'-» ,-ie.nt.
Q— W ::. the facts will determine the Justification
of your statements or the reverse, and the facts
are what we want now. Now. the checks you
gave Mr. Hamilton were for the dame amount, and
boro the same date* as the checks that Mr. Ham
ilton gave to your company? A.— That is right.
Q.— So. when you came to the end of the year
December 31. 1904. you treated the New- York Life
Insuranc? Company as having $76,000 in cash be
cause you had Judge Hamilton's checks for that
amount, so far a« this transaction is concerned?
A.— That is right.
Q. — And therefore you did not report the $75,000 as
a legal expense? A. — Not at all.
Q.— Well, how did it get out of that account of
legal expense? A. — In January afterward.
Q.— Before you made your report, how did you get
it out of the account to which you had charged it?
A.— The $75,000 was not paid to him as legal expenses
Q — But it was charged before January, was it
not? A. — It was charged to Mr. Hamilton's per
sonal account — Judge Hamilton's personal account.
Q. — What Js this personal account? A. — The
personal account is the voucher that you have on
your desk directing the making of these two
checks payable to him, and in return receiving
his two checks, to be accounted for before De
Q. — What I want to get at le this: Prior to Jan
uary 8. 1604. the date of these voucher? that you
have produced (I said a while ago insurance report
of 1904. The record should be corrected to 1903).
This voucher for $25,000. part of the $"5,000. is
dat»d December 2. 1903. It says that shall be
charged to expenses. Was it so charged? A. —
That I could not tell you without referring to the
Q. — You <1n not know Just how this item was
treated In your account prior to the end of the
year? A.— No.
Q. — But the account will show? A. — The account
Q. — You have said that at the end of the year
you Ftill had these checks; you carried them for
some time into the new year, 1904? I refer to the
checks of Judge Hamilton? A. — Yes. Sir.
Q. — When did you return them to him? A. — On
January ?. I take it from the date of Hie voucher.
<^.. — Why did you return them to him? A. — Be
cause he then reported that there was no use of
using that money in connection with the. mortgage.
ae the paries owning the Bennett property would
undoubtedly clear up the mortgage, and keep the
place for thems^lvpn
Q. — Well, if there was no use on his part for the
money for the purpose for which it was originally
given to him. and you had his checks for that
amount, why did you not koep that and cash them
and close tiie" transaction? A.— Because on March
26. which was the first conversation I had with
him in connection with that check, he explained
from his diary the payments that had been made,
fend said. "Her** are four items I have received
charged to expense account, to be accounted for."
Now, that Is the $100,000, $60,000 and $75,000; and
on March 2S the Journal entry was made charging
those four items to Home Office Annex, which was
the amount he would have in hand against the
purchase of these properties.
Q. — Had you carried these two checks of Mr\
Hamilton down to March 28, 1904? A.— l couldn't
TWO TRANSACTIONS DIFFERENT.
Mr. McCall could not tell without the ledgers
when the checks were returned to Hamilton.
In March, 1&O4, when he was talking it over
with the Albany man, he did not take his check
for the $100,000 nor for the (80,000. The com
pany took checks for the *75.000 because it
represented money which in no way would be
applied for the annex building. The other Bums
•were money given in advance for the purchase
of that annex building, said Mr. McCalL As
yet there had been no occasion for the expendit
ure of the money. If no checks from Hamilton
had been carried for the $7f»,000 the company
would have been placed in the light of disburs
ing in December $75,0<X) for leral expenses,
which was not true. In 1904 the situation was
This $10,000 had been passed out by the com
pany strictly on corporation business, raid Mr.
McCall rather warmly, in answer to further
questions. He thought It had been entered on
the books entirely properly. Mr. Hughes asked
again, referring to the two transactions:
Q — What is the difference then? A,— Because the
mortgage came back for the $75,000.
Q.— ln the one case you thought to get a mort
gage and you didn't get it, and In the other you
thought to get a loan and you didn't get it? A.—
Q — Now, explain candidly why you didn't. A.—
Now, I have tried to explain to you very candidly,
Mr. Hughe6. and definitely— it is satisfactory to me
Q.— l would be very glad to have you explain it
fully. A. In relation to Judge Hamilton's mat
ters. I wanted to advance to him SSO.WO. for which
he will take up the previous advance of 126.000
giving his own check, which will b« repaid before
the first of the year, if possible, and, If not settled
afterward. Now, that was not a law disburse
ment, and should not be charged uy in the. books
of the New-York Life Insurance Company as a
Q — Now. I appreciate the fact— you enn either
explain that or not. 80 far it has not been ex
plained satisfactorily. A Where did you get the
idea that , the $l«/.<mo was charged to law expenses?
g-\\ell. It was. wasn't it? A.-That law voucher
(Vouchers were introduced ehowine checks uald
to Hamilton of $220,000 and cash n",Oou "
i The payments for $48,000 made on January
28. 1904. never came before the finance com
mluee or any other committee or officer of the
company, Mr. McCall testified. These payments
to Hamilton, including the $100,000. were ad
vances a«aln*t the purchase of the printing
house property; still they had never been used
for that purpose, although Mr. Hamilton sev
eral times had been called on to spend money
for that purpose to th« extent of $7<»0,O0O. This
money he had used and paid.
QUESTION OF ENTRIES UP.
Mr. Hughes then wont back to the question
of : the Broaer entries In the New- York- Life's
«fjBW-!T>RK DAILY TTCIBFNR TIIUIWDAY. SEPTEMBER 21. 1905. '_
Rejuvenating and Wholesome.
Equally gratifying with a solid
meal or light repast.
Ideal Autumn Beverage.
booko for tho $75,000 jrlven to Mr. Hamilton In
December. The checkß were not entered In any
book, eatd Mr. McCall. He supposed that the
money would b© repaid before tha first of the
year by the turning over of the mortgage, In
which case the asset showing that Mr. Ham
ilton had epent the compnny's money would be
entered, wiping out his obligation for the sums.
On January 8, went on Mr. McCall, Hamilton's
checks were turned over to him because it had
been decided to apply the $75,000 on the home
Adranceß of money to officers of the company
In this fashion were not at all uncommon, de
clared Mr. McCall. The officers were perfectly
responsible for the money.
"I have supplied Andrew Hamilton within the
last six months with over $2,000,000," said he.
"The money was paid by Hamilton, mortgages
acquired and passed over to the company."
Mr. Hamilton, the witness said, never had
been called on to use the $45,000 that he knew.
He never had asked Hamilton for an account
ing of the $75,000. He had no idea as to what
banking arrangements Hamilton made, and he
never asked Hamilton what he did with the
Hamilton never rendered an itemized account
of his receipts and expenditures in behalf of
the New-York Life, went on Mr. McCall. He
represented the company In various States in
legislative affairs, receiving money for expenses
and services, but never accounted for that
money except by vouchers, his personal receipts
usually. His accounts, Mr. McCall said, were
subject to auditing by no one.
TOTAL. DEBTS NOW ABOUT $70,000.
Hamilton had $235,000 for which he had not
accounted. Against that, when he went to Eu
rope, were bills owed to him by the New- York
Life which reduced his indebtedness to about
$70,000, said Mr. McCall. Hamilton's retainer
Is $2,500 a quarter; his bills run to about $100,
000 a year. Concerning the use of this money
Mr. Hughes asked:
Q —Has any part of this property, so far as you
know, that has been placed in his hands gone for
the purpose of influencing the action of any mem
ber of the legislature? A. -Not at all, Mr. Hughes;
1 don't know it, if It is true.
Q— Have you ever had any conversation with
Hamilton with reference to the payment of any
such amount. A.— Never.
Q.— You have never given h!m any money for
such a purpose? a.— Never.
Q.— Have you ever received any account from
him for any money for any such purpose? A —
Never (with vehemence).
Q — That Is true in reference to his entire con
nection with it? A.-That is true In connection
with every relation he ever had with me
Q— And that is true with reference to all the
States? A.— To all States and Territories and
Q.— l am very glad to have you make that state
ment. A.— l make it under the due solemnity of
THE CAMPAIGN CONTRIBUTIONS.
Q.— ln connection with another matter which has
received a good deal of attention, to wit— campaign
contributions. The other day there was an entry
shown us of some $46,000 paid to Mr. Bliss for tb«
Republican National Committee last fall. You hWd
knowledge of that payment? A.— l had full knowl
edge of it.
Q.— And you approved of it? A.— And I ap
proved of It and I do now.
Q — Yes. If you wish you may state whatever
you desire in explanation of that. A.— l am very
glad you give me the opportunity. May I go b*ck
to the other campaigns?
Q— Very good, you can make a complete state
ment. A.— ln 1896. if it is interesting at all to know
my politics, I was a Democrat up to the nomina
tion of Bryan. When they adopted the free sil
ver platform in 1896 I made up my mind that I
would do all in my power to defeat that candi
date and that platform, and I did It with my heart
and soul. I had no idea in my mind about poll
tics at all, but I had a duty and a trust regarding
the New-York Life policyhoiders, and I felt that
if free silver In the country was approved and that
if Bryan was elected President we might as well
close up the shutters on the New-York Life In
surance Company's doors. Knowing that, and be
lieving it. in 1896 I consented to a payment to de
feat free silver — not to defeat the Democratic
rrty, but to defeat this free silver hertsy, and
thank God that I did it.
The applause at this point called forth Sena
tor Armstrong's threat to clear the room.
In Ifil»2, went on Mr. McCall, no contribution
was made to either party, because both had
gold platforms which suited him. In 1900 the
same contribution was made as in 189*>. These
contributions were paid by Edward M. Gibbs,
the treasurer. Mr. McCall did not know how
they were charged. The payments never came
before the finance committee or any officer. The
same was true of 1904. In no campaign had
contributions been made to State committees,
said Mr. McCall. No contributions ever had
been made to local. State or national organiza
tions, directly or indirectly, save tho three he
had described. No money, directly or indi
rectly, ever had been paid In municipal cam
paigns, he declared emphatically.
Mr. Hughes then went back to the ?7r.,000 paid
to Hamilton. No charge was made of this to his
account, said Mr. McCall; his check for $76,000
was carried in a drawer. This, to be sure, was
"a very unusual transaction." The transaction
was not entered until January, because then
was the closing of the item, according to the
witness, and previously no decision had been
made as to what account to charge with the
Mr. Hughes, by his questions, tried to make
Mr. McCall admit that this holding over of the
item was to deceive by false entries the State
Insurance Commissioner. Finally, Mr. McCall
showed that in the peculiar bookkeeping $25.<x>0
had been entered to legal expenses In Decem
ber. 1903. This had nothing to do with the
$75,000. He said, in answer to sharp Inquiry as
to why the Hamilton check for $75,000 was held
until January, that It was until the time of clos
ing the transaction. About this, he knew only
that it had been paid to Mr. Hamilton for some
thing in connection with his dealings. Finally,
after exhaustive inquiry and the reading of a
memoranda from the Controller's office, Mr.
Hughes showed that, on December 2, 1003, Ham
ilton received $25,000, which was charged to
legal expenses. Subsequently that was returned
and credited to legal expenses, or $25,000 cred
ited to that account and tho cash given to Mr.
Hopper, assistant cashier, on December 14. That
same day $50,000 more was given to Hamilton,
and the entire $75,000 represented by his two
checks carried over until 1904, when the $7.\<Nm>
was charged to legal expenses. This disposition,
supplemented with vouchers, accounted for the
money and was good bookkeeping. Mr. McCall
REASONS FOR CAMPAIGN GIFTS.
Mr. Hughes then went back to the campaign
contributions and asked:
Q.— Did you think that there was any interest of
your company so seriously at stake in the last
campaign thnr you wrre Justified In using the
money of policy holders for the purpose of support
ing one ticket us against another? A.— Absolutely.
Now there was a candidate who had twice roted
fur 6ryan; he wsu< a candidate on ■ platform which
j-ejprir'! by n vote of 2 to 1 a gold platform. He
was the man r inning ugairmt him was— on a plat
form advocating gold I stood with him In behalf
of our policyhoiders, and for that reason I gave
Q.— Did you lake any oocttdon 10 ascertain how
many of your policyhoiders agreed with your posi
tion? A.— No. And I didn't care (Laughter.)
Q.— Did you consult with any member of ycur
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maintained price, $250, but possession may b- had upon the payment of the .mall sum o. $15.
It should be distinctly understood, that in ease design, method and capacity f,r an artistic Perform
ante, these instruments are first class in every particular Many -oU them might have been , included
in new stock were it not for the present custom to include the Metrostyle in all new F.anolas.
LOT i— slso (Re oiar price $2») $15 down and $7 per month
LOT 2-$175 (Regular price $250) $20 down and $8 per month
1 1 j-j i. tki« /-Unification. Som« have been returned from •
actions have been regulated and new partt supplied wherever ev.dence of w«. W " d.scern.ble.
LOT 3-S2OO (Regular price $250) $20 down and $10 per month
The absence of the Metrosty.e is the only d«.«.»,«.,hab.. difference b^.- .J.
heading ond our regular line of new P^^^^^^^^^SL^^ during a short penod
SeS- aU intends parent*.
Pianola who are willing to fcrego the advantage of the Metrostyle.
Any Pianola purchased at this sale may be returned within three month* and
the FULL purchase price will be allowed on the purchase of a Metrostyle Pianola,
SALE OF USED PIANOS
Easy Monthly Payments Accepted
mokes, such os :
'JVF.BER STEINWAY WHEELOCK
***« KNABE KRANICH AND BACH
DICKERING HARDMAN WISSNER
GABLER SOHMER MASON AND HAMUN
Any piano sold on moderate monthly payments. At any time within three months, any piano may be returned
and the full purchase price will he aliened on the purchase of a new piano or Ptanola Pian:
THE AEOLIAN COMPANY, Aeolian Hall, S&'Sr&WK
*** A i ß3 catrolllaj the m-uuif^tur, «id «!• of We»*r. Stack. Wh«,lock. «d Stayremat PUnos.
board? A.— Not a soul on earth, except myself and
the vice-president of tha company.
Q— Mr. Perkins? A.— Yes.
Q— You didn't bring it to their attention in any
way? A.— Not at all, not for a minute.
Q— Either for authorization or for approval? A.—
No; did it on my own hook. (After a pause.) Mr.
Hughes, will you Just let me make a statement—
(Mr. Hughes— With pleasure)— along those lines?
Mr. McCall then made the statement regarding
ex-Judge Parker quoted above. Afterward Mr.
Hughes resumed the examination:
Q.— Did you offer the Democratic committee any
money? A.— l should have been ashamed to.
Q— Apart from your personal feeling in the last
campaign, do you seriously Justify the use of in
surance money for campaign purposes? A— l do
not Justify- the use of Insurance money for cam
paign purposes; I Justify the use of these, funds for
the protection of the policyholdTS 1 interests. I
don't care about the Republican side or the Demo
cratic side; it does not count at all with me; what
is th.o best thing for the New-York Life is what
moves and controls me.
Q.— That Is a matter which Is left for your indi
vidual dscision? A.— Whether it was or not, Mr.
Hughes, I took it.
Q.-We are after, you see. a matter much deeper
than the fortunes or acquisitions of a particular
party. We are dealing with the question, and a
very important question, of the use of insurance
property for political ends, and I want to direct
your attention to that and to ask you whether you
think It is a proper use of the moneys of an insur
ance company to support either political party?
A.— l honestly and absolutely believe it was a highly
eminent and proper üb« of the money under the
circumstances. If you ask me whether I think it is
right to take insurance money and devote it to
political campaigns, no; a thousand times no. But
that was not the question Involved to my way of
thinking of what I should do In the New-lork Life.
When a great party abandons its principles and ad
vances principles which would have ruined us in
our business, the question was what should I do
in the New-York Life.
Q.— Don't you think that matter a proper matter
of consideration by the full board of your com
pany? A.— No; tecause If I have not got Judgment
enough under those conditions I am not worthy of
being president of the company.
By the Chairman: You said you did not have any
conference with the officers of your company about
these campaign contributions. Did you have any
conference with any one connected with any of the
other companies? A. — Never.
Q.— ln none of the three campaigns you hwe
spoken of? A.— Never.
Q.— l suppose, of course, that ycu have no knowl
edge as to whether there was any conference among
insurance men of any other insurance companies?
A.— There never was so far as our company was
concerned. Mr. Chairman.
The Chairman.— That is all.
IS NOT A MILLIONAIRE.
After Chairman Armstrong had referred to
the death of Senator Ambler, Mr. McCall said:
Mr. Hughes, Mr. Chairman, may I make a state
ment? I would like to make a statement.
In Justice to myself — my son hands me at this
moment a memorandum in connection with certain
publications which have occurred referring to mo
as a man of very great wealth, having acquired
very great wealth within a very few years.
1 do not suppose this committee is interested In
my personal matters, but, under oath, I desire to
make this statement: I am not a millionaire of
any kind, and I am not a multi-millionaire of any
kind, and if 1 should die to-morrow, the largest
part of my will Is my life insurance.
Q.— Of course, for that you have paid premiums
according to ? A— l pay my own company
$25,000 a year for premiums.
Q. — As to the financial transactions of your com
pany, which have been the subject of some exami
nation, we shall have occasion— we have not had
the time this morning to reach that matter — we
shall have occasion A. -May I say a word re
Q.— yes. A.— Of seventy-three syndicates In the
New-York Life which mnde for its policyhoiders
$2. 400.0 M, I never was in any one that ever sold a
security to the company
Q. — we shall have occasion to go Into the matter
of Investments later.
The committee adjourned out of respect to the
memory nf Senator Ambler, of Columbia, chair
man of the Senate Insurance Committee, whose
funeral took place- yesterday. The session will
reconvene at 10:30 o'clock this morning 1 , and
either Mr. McCal! or Mr. Perkinr. will take the
DENIES ASKING FUNDS.
Consternation, mingled apparently with sincere
Indignation, on the part of the Democratic lead
ers and candidates greeted President John A. Mc-
Call's testimony at the insurance Inquiry yester
day. Ex-Judge Parker and William F. Sheehan,
after reading the specific statement about the
solicitation of contributions by Democrats, held a
hurried conference. Afterward Mr. Parker Is
sued an official statement, printed elsewhere,
refuting Mr. M< Call's statement
Mr. Hheehan nlso Issued a statement, as follows:
I was chairman of the executive committee of
the Democratic National < 'omnilttee. Ther»? was
not a *tr,»;i<? man connected with the Democratic
national campaign tnat solicited a dollar from Mr.
McCall. If any such person made »ny such solici
tation Mr. McCaU should name him.
Cord Meyer, chairman of the Democratic Statw
committee, left town yesterday for a three weeks'
trip. August Bebnont also was out of town. De
I^ancey Nieoll, one of the leaders In the Demo
cratic National Committee, read Mr. MoCall'a testi
mony thoughtfully, then said:
1 don't know anythli.g about It It doesn't con
cern me. I never saw Mr McCall or any person
oonnectfto' v.lth the New-York Life on any such
subject in my life. You can cut me out
EQUITABLE HEARING TO WAIT.
In view of the happenings of the. last few days
and the abs. nee of Important witnesses, the Equita
ble. It was said yesterday, will not be investigated
until next month.
Should thn New- York Life not succeed In ex
plaining thu Hamilton checks to the satisfaction
of the legislative committee, a high authority said
last night that the committee may obtain a copy of
a certain Albany list compiled for "legislative ' pux
poses and thus seek to trace the disposal of Mr.
Hamilton ? s funds. John A. McCall's deposition that
he was not a millionaire caused surprise in insur
ance circles yesterday, as it had previously been
the popular impression that Mr McCall's wealth
amounted to J8.000.000 at least and that his Elberoo
(N. J.) home alone had cost him $1,250,000.
DEMAND CENSURE VOTE.
Insurance Men's Convention in Tur
moil Over the Question.
Hartford, Conn.. Sent. 20.— A sharp clash In the
convention of the National Association of Life
Underwriters took place to-day over the question
of expressing disapproval of insurance methods re
cently exposed, and at the adjournment the ques
tion at Issue was still unadjusted. The resolution
of censure offered yesterday by J. J. Raleigh, of
St. Louis, was the issue. The executive committee,
through its secretary, submitted to the convention
a report on the Raleigh resolution as follows:
It is the sense of your executive committee that
the resolution offered by a delegate from the St.
Louie Association should not be considered by tnis
convention, and that the consideration of that or
any other similar resolution is unwarranted and
outside the proper province of the National Asso
ciation of Life Underwriters.
The committee report was received with cheers.
When the noise had subsided C. W. Van Tuyl said he
represented a number of those whoee views differed
from the report of the executive committee. Three
questions, he thought, were to be determined:
First— Whether we are to make any public dec
laration on the matter, in view of the discussion
now going on in the press.
Second— Would it be profitable to do so?
Third— What is the politic course?
This association and these delegates must as
sume proper responsibility and reflect the senti
ment of this body in favor of honest and sound
methods of life Insurance. This association has
nothing to cover up and conceal from the com
Unless some reasonable resolution is passed by
this association, along the lin<»s of that suggested
by the delegate from St. L:ouls, a resolution will
be sent out to the press of the country signed with
the names of the men who are in favor of the prin
ciple embodied in the original resolution. We will
not stand for blind loans. Cambon dinners or mid
niKht transfers of securities. The wise, brave and
politic thing to do Is to pass the original resolu
A number of speeches were made on both sides of
the question, and when the convention adjourned
six men were trying to get the floor. A resolution
was passed postponing the discussion till to-mor
The Raleigh resolution which caused to-day's de
bate was as follows:
Whereas The jmblic press, official committees,
life insurance departments and legislative inquiries
have disclosed methods and practices in the man
agement of some life insurance companies wnlcn
if not criminal in their nature appear to be grossly
irregular and in violation of the principles of the
trust involved; and
Whereas Th«e disclosures threaten to create, in
the minds of the uninformed suspicions regarding
the Integrity of management of all life Insurance
companies, "find to bring the business into general
disrepute; be it
Resolved by the National Association of Life
Underwriters in convention assembled that we,
the members of this association, who have been
chiefly instrumental in inspiring confidence In the
minds of policy-holders and In building up the
magnificent structure of life insurance, owe It to
ourselves mid to those who have reposed confidence
In us to oppose those influences which would tear
it down- to demand that if crimes nave been com
mitted th^> criminals shall be punished, and that
those who have violated their trust shall be de
r-ilved of their trusteerHp. We urge and Insist
that we are not willing to support In the field mis
conduct In the homo offices. We oppose conceal
ment or evasion, and di-mand such publicity us will
lead to a correction of abuses wherever they may
TAGGART COM IX G HERE.
Believed to Have Facts Regarding
Insurance Campaign Funds.
[Hy TVlenrrarli try Tho Tribune!
Indianapolis, Sept. 20.— Thomas Taggart.
chairman of the National Democratic Commit
tee, started hurriedly for New-York this after
noon, and it In said that he wen In response to
a dispatch calling him there in connection with
the insurance investigation and the question of
contributing to th*> party campaign funds. He
has been watching the evidence in tho insurance
Investigation, but has made few comments on It,
though he said a day or two ago. when Mr.
Perkins testified to amounts given to the Re
publicans by the N>w -York Life, that the Dem
ocratic committee neither solicited nor received
one dollar from the company.
While Mr. Taggart has been conservative In
his talks about the investigation, he is believed
to have some facts In his possession regarding
contributions by corporations, and It Is thought
here that it is this knowledge which the com
mittee wlshea to avail itself of In the investiga
OTHEK STATES TO INVESTIGATE.
Madison, Wis., Sept. 20.— Insurance Commis
sioner Zeno M. Host, ot Wisconsin, announced
to-day that the insurance commissioners of
If*. 0503. Four cylinder gasoline
touring car, with side entrance. 20 to
24 horse power. Speed four to forty
fire miles per hoar. Wheels, •»
inches, with Standard American
Clincher tires. Hand le»er and foot
lTrer brakes. Price $3000.
Wouldn't you rather
have the name Stude
baker on an automo
bile, with all the great
equipment; the 50
years' knowledge; the
tion it represents
than a name that
Wouldn't you rather
come right to the
maker and get your
information and as
surance first hand,
from those whom
you have known all
your life, than from
some one of whom
you know little or
These are pertinent
questions, and they
are worth the consid
eration of every in
tending purchaser of
an automobile —
- either Gasoline or
them as you may, you
will not be doing
yourself justice if
you purchase a motor
car of any kind or
price without fully
We welcome you at
our warerooms with
out obligation to buy,
or, we will send you
STVDEBAKEB. ' .
Broadway and Tib Aye,
at 4Mb Street. New Y«C*
Ho. 9010. Rlrctric Runabout.
Runs 40 mile* on one charge. Speed—
3to ij mile* per hour. jo-lnch wbecU,
with detachable clincher tire* Side
le»er steering. Price $1035. Without
torfr-« __ -J
"carpet Thf G - H - mn co. f
Unnikß 221 & 223 E. 3«*h St.
CLEANSING tel. Ritas*'
COMPRESSED "2L kta^t2&««.
Ait:. Aimta*. aw"*""
Wisconsin. Minnesota. Nebraska. JJ entß^
Tennessee and Louisiana will meet in Ne -. ,
soon for the thorough investigation of the •
York Life Insurance Company, the *£* •*•>
and the Equitable. This tl la •«»!*£?
plans agreed upon by the commissioners