The evening world. Newspaper, October 19, 1905, Page 3

—— PRICE ONE CENT, “ Circulation Books Open to All.’’ WCURDY MADE BIG SYNDICATE PROFITS President of the Mutual Life Gives Insur- ance Probers a List, of His Partic- ipations and the Profits He Realized on Them. (Continued from First Page.) $6 from the company and returned The trip to the West when young Mrs, McCurdy and vhe maid were hetp> | ing the young gencral manager ove: the Mutual Life's business was short by the elder MoCundy Gown with gout Says Expenses Weren't He: Vys cut coming Q: Can you exp Mr, MeCurdy, Why Your traveing expenses are $0 heavy? AT don't der them heavy. detaéla now, but eling rapidly and any expe this year? T went to Paris this e] the European agents T invited them to come comptroller of and went the Mu- Quual Life in Mar McCurdy Financial Deals. perationsof the McCurdy contingent The persona families in financial affairs, upon the investr of the Mutual Life Insurance Company, was the onief subject of Investigutl to-day at the Sedsisiative Insorance inqu Richard Aldrich MeCurd tually $5,00 president, he had never been averse to participat- tig in syndicates, In the pas: few he said, he had ipward of $40,000 in these little flyers It is believed t gation js resumed next James Hazen Hyde, form able Life Assurance vice-president, will be . the Mit confessed that ars nade t when the tnveatt that the Equit. $100.0 Be. week Boclety's A witness Cause of the presence of Hyde's counsel, Samuel Untermyer, im the Inq nber, the rep road that Hyde was to be called t "We are not through wh? yet.” all Chief would my of the day was the Mutual Life's co. own ‘Tru all deposits, whit the Mutual was Counsel Hughes revelations ition of che n the Mor- ver 3 per nt. on but since {t became lepostior the earnings of the trus any'# stock bas gone up from 6 to 18 per cent Hegeman Back in Town, John R. Hegemon, President of the Metropolitan Life Insurance Compan who has t 1 the West since thi ginning Investigation ew Yor) day to the su | members of the committee had been understood that Mr Hegeman's lirge business intere would keep him away for a long thine, He ted to take the witness wand, following James Hagen Hyde, in explaining his syndicate transac. tions Presiden. MeCurdy sata tt didn't make @ button’s difference Mutual Lite or J Jones bought 5 is expe whether tho curitics from a syndicate 1 have never made any more mone out of the Mutual Life than the Mu ual Life has made it of me he continued, “No member wf a Syndicate can make hey Of another member. Mr, McCurdy swore chat neither he nor any other Individual In the Mutual Lit interes! In the Corporation Liqn Company, which was ore ganized to purchase in entirety the large real esthte holdings of the Mutual in Brooklyn, He also sald he did no: Delieve that Willlam F, Babcock, a di-| 1 f the Mutual Life, had profited by the acquisition of the stock of the Bank of California in which Baboock fs ulso a dfrector, Carries $200,000 Insurance, Q. Mr. MeCurdy, whae tnsuranee do you carry on your life? A, About $200, @0 1) the Mutual Life and other com. panies, ‘ A statement was proffered showing policies in the Mutual Life ageregating $180,9M, MeCurdy (ook a poliey out five years ago for $30,000, and in 1896 an- other for the same amount policy bears date of July 2%, 1868, ‘The inevrance of other Mutual officers in the Mutual Life follows: Vice-Pres.- dent Robert W. Grann.¢, $42,000, ‘Treas. urer, Frederic Cromwell, $88,000; Vice- President, Walter R. Gillette, $21,116 Becond Vico- lent, Isaac T. Lloyd, $12,009; Third Vice-President, John A Fonds, $25,000; General Manager Robert H. MoCurdy (first policy 1887), $140,000, Q. In what other companies are you dnsured, Mr, McCurdy? A. I don't know that that {s any of che committee's business, but shall answer it anyway. I have a policy in the Nquitable, two tn the Connecticut Mutual and one in the Washington Lite, McCurdy'r Syndicate Transactions, These are the security syndicate transactions and the profits of Pres- ident MeCurdy, of the Mutual Life, as brought out in the investigation to-day: Beourtty. Partiotpation, Profit $4 Avo. Railway... 8100000 $1,740.00 Cc, B&Q. 500,000 12,608.00 Oregon Bhort 14 80,000 1, 03,.88 Penntylvanta 89 100,000 1,504 80 Rep, of Cubs bw... 10,000 3,450.00 2,422.00 970.00 , 1,570.00 Imp. Japanese 4449... 75,000 1,580.65 Oregon Short Line 4. 75.000 1,031.84 6. P. 4, . 2,270.50 U. & of 8,001.88 A, T & 8. a, 000 802.0 Imp. Japancse és, 76,000 Open Ponneyivania Be, 50,000 Opan ‘The Mutual Life Insurance Company's negeee van ane rE VVO UNIS His first | $150,000 president, Richard A. McCurdy, Was the first witness again to-day at j the Legislative tneurance inquiry. Showtng in every movement his great and plainly the effects of the mer- |clleas probing of Chief Counael Hughes, | Mr. MeCurdy took up the thread of the continued story of the Mutual Life's interest in trust compantes and similar subsidiary corporations, He repeated that the formation of trust compantes became ® necessity a few years ago in | order to afford an outlet for the rapidly accumulating funds of policy-holders. “We had so much money that we did not know what to do with It,” he testified, ‘But whiie other interests may be in these subsidiary corporationa, the Mutual Life directs them and {ts tn- | terests are protected.” | Danger of Speculation, Q. Ie \t not a danger that the interest !n such subsldtary companies will lead Insurance companies into speculative ventures? A. No; I think not. Q. These trust compantes, the United Stares Mortgage and Trust Company, float securities, What Interest in these otions have oMelals of che Mutual id? Bogin with the United States ortwage and Trust Company, A. Weil, heve was the flotation of the Brooklyn Wharf and Warehouse Company. Q. That was speculative, was it? A. I can't answer It Q. Wasn't that your opinion in 18957 A My atutude then was purely formal Tt was o transaction of the mortgage company, aud not of the Mutual Life, Q. But the Mutual Life controlled the mortgage company? A, Yes Q. To what extent did the Mutual Life Invest in this Brooklyn Wharf and Warehouse Company? A, 1 shall have to refer you to the assistant treasurer, The Morristown Company. Morristown ‘Trust Company, ountryY CArporation,” as Mr, Me- called the was next |taken up. ‘Vhe company originated on Phe |litue ICurdy concern, December 81, 112. Ite capital was $100,- * MeCurdy held fifty shares. In 1996 the oapitad was Increased to $200,000, | Deposits amounted to more than $1,000. 0. ‘Tuere was a surplus of $806,455, an jit was then that the Mutual Lite was introduced to Morristown, In 1899 the capital was increased to $800,000, and i been golng up by leaps and suntil pow it has a capital stock 01,000, The Mutual's stock-holdin amoung to) $75.00. pad Q. How many shares do you hold, AL By T. E Powers. Mr, McCurdy? A. 512 shares. Q. Is your son-in-law @ director of the ‘Trust? A. 1 don't know, | Morristown | but T hove he Is | Boom Brought by Mutual, | Q. Are you a director? A. Yeu. Q. How long hae the Morristown r Company been paying 18 per Well, I think since about 189 since the Mutual became inter- A. 1 should say that it began 1 mit time. ‘hen was It paying dividends of en? A. Before that. it has been the largest deposit Mutua! has ever had in the swn Trust Company? A, Not Vn $250,000, Q. What vate of interent doce the Mutual get deponttnt A. Two and two and a halt, Q. And what d pany pay other depositors ‘Three per It was shown then that this Mutual account In the Morristown Trust Com- pany Was Inactive; that a check was) seldom If ever drawn against it, Since! 1m the account has never fallen below 210,000. |"Q: It would seem, would it not, in} | view of this fact that the Trust Comes pany, having this money permanently, should pay more than 2 per cent.? A, 1 wouldn't say that Committeeman Cox—You have a per- s nal deposit, Mr. MeCurdy, inthe Morristown ‘Trust Company?’ A. Yes, sir. \ Q. What rate of Interest have you re- ved? What do you get? A. Presum- ly three per cent. as do other miscel- lane vue depositors Slump in Warehouse Bands. Assistant Treasurer Timpson was put on (he Witness stand to explain the Brooklyn Wharf and Warehouse Com eon the ornet come AY pany, "tell who the di rectors, or empioyees of the 1 Life were who had taken bonds the mm, For a while there 5 per cent., but there came paid a crash, | The vas a reorganization. ind now it Is the New York Dock Com- pany. The securities were acaled down | from $90,000,000 to $28,000,000, Interest on | bonds and similar fixed charges on. the | Brooklyn Wharf and Warehouse Com- | pany was whan laid ft out, Last year | the net earnings of the New York Dock Company was $1,000,000. Out of that $400,000 was pald tn interest and divi- dends, The common stock has never pald a dividend, The preferred stock ts getting % per cent, It should be getting A little story in the Arabian Nights brought down to date, | _ WW yORK, OCTOBES I BABA AND THE 40o—GRAFTERS PRISONER MAY BESHOOTER OF MRS, MORELL —_— Mysterious Prisoner at Bridge- port Supposed to Have Fig- ured in Greenwich Tragedy, PRIDGEPORT, © Oot, 18 Charles Pagan, who te tr oll at Po ilee Headquarters wit! Held for New| York" opposite his name © blotter. Is wuld to be suspected « connect: | ed with shooting in Greenwich on | the morning of Sept. 12 of Mrs. CG. W Morell, daughter of F Converse, an Melal of the United States Steel Com ectivea who are in the city brought ab he ut re b4 eit ls displaye them and by the lncal au thorities lenles all Knowledge of (he ase, and say's he was under ar id serving time tn Haven from July | to & 1h Superintendent of Police Burmingham, of Bridgeport, does na: bel Fain is the man wante ves are in Now Hay ary IRVING'S ASHES. IN THE ABBEY Great Throng Sees Solemn Pro- cession to Westminster—Fi- nal Ceremony To-morrow. LONDON 19,The of Str Henry Irving enclosed in a piain oaken coftin now lying In the Chape' St, Faith, Westminster Abbey, awalting Oc ashes are of ant in Their removal from the Poet's Corner | residence of the Baroness Burdett-Coutts, which was | guarded by a large force of police HV) © KRow nomn Y/OF His Movements (Suggested by Jerome's speech last night.) FRAUD VICTIM | JEWELS SOLD IN ADOPTION? Nine Pieces Brought $2,217, ge oan Much Less Than the Ap- Relatives in Fight for Morey praised Value, Make Sensational Charge— ini i CLEVELAND, Oct. 19—-Nine pleces Was Killed by Gas of pewelry, formerly owned by Mrs Cassie L, Chadwick, selzed by the Customs author! tes ” non-payment SALEM, Mage., Oct. 19—A provest bY| sr duty, were sold at auction in the counsel for the relatives of Mra, Jennie! (rnited States Marshal's office Uday B, Chase, the wealthy Swampscott Tie total amount bid wos $2,217 woman who died last month at her, flderably less than the appraised value 1 lece was a ring with + ome from gas poisoning under mystert- The largest p “ ae . i diamond setting weighing slightly over ous clroumstances, was filed In the Pro- seven carats, which sold for $65, The bate Court here to-day asking that the appraised value was $8 Anocher was decree of adoption of Deforeat W. Chase a ring with two lamonds each welghing as the son of Mrs, Cha: ‘anted April two and one-half carats, which brought 23, 1889, be revoked and declared null) 421. In these lots were also brooches, and vold. | hair ornaments and otoer less valual 4 rings. The grounda on which the protest ts Many buyers were present from other based allege that the petition for the | ciiles adoption of the boy was procured! oo through fraud, undue influence, threats MCLELLAN ODDS 10 TO 1 and duress on the part of Dr. Horace ton Chase, her husband, and by a previous) yo. ae phose Figures Only marriage father of Doforest, and that | We eaaTa peat sald act was committed in order that, Met ahh detail Deforest Chase might later claim her] The odds in Wall street on McClel- lan’s election lengthened to 19 to 1 to Bigparty ne fee Wet bale day, but in apite of that only one bet A protes: against the probating of aah wade the will had been previously fled bY! “Wrenn Bros, were the first to offer 5 per cent McCurdy'’s Stock Holdings, The elder McCurdy was reoalled, He sald that the Mutual Life's deposit in the Sith Avenue Trust Company Is $500,000, Tt » 2.892 shares ek, The witre ywhs 200 BAres, ur nished thir list of all his personal stock holdings: ‘, American Bxchenge National Bank, £0 shares (inherited from father); Bond. Mortgage and Guaranty Company, %; National Bank of Commerce, 1132; Com: mercial Trust Company, iG’ Fitth Ave- nue Trost Qumpany, 20; Firat Natton- al Rank, 10): Guaranty ‘Trust Com- ony, 20; Morton Trust © y, 10; forristown Tro Company. Bee Unites States Mortgamwe and Trust Company, 20; Girard ‘Trust Company, 50, President MoCurdy presented a type- written denial of the fact that he had ever been an element In a syndicate whieh made money out of the ot securities to the Mutual Life, In the syndi a simply. saa ahaa & good a] Hie irolasiveg fare. Crease 10 to 1 that MoClellan will be re-elected Mrr, Jonnie P. Chase was found un-| i414 the best they could place ot this consclous in the Kitchen of her Swamp-| price was $00, which they wagered acott home on Bept. 12 with the doors | Against 800 put up by Mendhany Bros, 5 ————_—_-— and windows Locked and with the gas cooks turned on, She died a few days| PUTTY*THROWING COSTLY, later without recovering consciousness, —— There were rumors at firet that the| Miss Julla Richman, a District Super- woman was the victim of foul play,|intendent of Schools, In Herex Marke but after an Inquest the medical exam-|Ccurt to-day charged Jacob Glover, of iner gave it as his opinion that Mia, | No. 18 East Houspon street, and Ben- Chase had commitied suicide, | jamin Greenholz, of No, 24 East Bev. — enh street, with disorderly conduct Misa Richman told the Magistrate tha KILLED WHILE CHESTNUTTING, | while she wis standing at Public poheo No, 6% Bewex and Houston streets, she LEICESTER, Mass., Oct, 1%—While | ty the prisoners varowing putty from & number of young people were looking | tie fourth-swory window al pedestrians for chestnuts here yesterday a gun| The men were fined ® each. They which Edward Mooset were employed at the school as glazers, irty, left bye sealing * fe a e ground and was discharged, (he! po cuit A COLD IN ONE DAY Sey ih le lt © "ae | wea te ER a tg wee atnetees years old. i ‘on each box, Se, %es P. S.—Keep your eyes on our genial fellow-townsman Ivins, candidate on the Anti-Grocer Republican ticket. RICH WOMAN |THE CHADWICK One | FORGER GIVES — A HARD FIGHT Detectives Locked Out While Officials Battle with Prisoner | on Fifth Avenue, There was a rough and tumble fight in the National Bank, Fifth avenue and Twenty-third street, to-day | that attracted hundreds of pers . through the glass dors, could seo a dozen bank clerks grappling with one |man, who fought with frengy to escape. The object of the bank clerks efforts was Eugene Schel, a young man who | was wo successful yesterday In cashing Ja check to which the name of Edward 1B. Bruch, a real estate dealer of No 284 Fourth avenue, was alleged to be forged, that he went back with another | check to-day | ‘phe first check was for $510. was notified he repudiated When Mr. Bruch lit, and Detectives Murphy and Brosnan, of the ‘Tenderloin Station, were put on the case, They posted themselves at the bank and hoped Schel would come back again, He did. Thom didn't knew nim when he went bi | He. waiked stroigh: \telier's window and }up another check for $710. The teller recogiized him and pressed a button lthat locked all the doors. Then he hed through the window aad grabbed Mr, Schel. by coat collar, remarking: T guce Schel through the teller in the eye for the door book keepers to the paying smilingiy handed we want you, young man,” replied by pushing vis fist window aad punching the ¢ made a dash firs sevond the cashter 4 assistant teller veulted the rail and offered splen did interferences, But the young maa was a scrapper and dust began to ty In, clouds. ¢ ‘On the outside rae detectives were rapping for adinission, They were locked out, and the floor had been \t ighly dusted wit! 4:, Schel be ‘ove they got In In Jefferson Market Court the pris anid he Was a bookkeeper fo ite & Keles, manuf { «a Jenglies at No. 12 Wea He was. well pawn tt studs and a cok watch, on which had been loaned $350, He was held in $2,000 ball for exam- ination. © Jourred at 6 o'clock this evening coMn was placed in a hearse pre |by mounted police and followed by one Jcarriage, the occupants of whieh were the two sons of the deceased and Sir Henry's aged dresser, Walter Collins, who had been his attendant for half a century. ‘This modest procession was brought up by another squad of mount ed_police |. Th enor route Albey was | Mived by the Ya people, the men tanding baveleriod, who walled ia re ful silene> until tae hearse pissed! and wh th uned in prove hind tt %. 1m andl e |Alibey the «tine squ w 4 with a hatiess multitude The , Was diriven into the Dean's Yard, were | Hh was met the Dean of Westmin- ater and a number of cb | The publo was not adm t | Aiey.” Aa‘ the procension, enterg. the M organ softly played the dead | arch from "Saul until the Chapel of St. Faith was reached ani the mnt. | fin ‘had ml on a entafalque, | When tr a short prayer was said ih Dean. L An open grave In Post's Corner awatta| to-mort ere ined with lot 180. carnets | stance al yards. , banked with great heaps of floral trihutes PRICE ONE CENT, L ATEST FREDERIC RANKEN DEAD, NEWS OF THE DAY —_— Vanderbilt Prints Not Stolen | Magistrate Wahle, In the West Side | to-day, refused to hold William | Librettiat of “Happyland” Ex+ pires Suddenly of Typhoid Fever, Frederic Ranken, the lHbrettist, who wrot» “Heppyland” and other musical plemes, died this afternoon of typhoid fever at his residence, No, 1 West Ninety-seventh street. Mr. Ranken went to the opening per> formance of “Happylaad” at the Lyrio Theatre against the advice of his phy- sictan, What was said to be nervous followed, and Mr, Ranken's steadily grew worse, MP, Ranken was thirty-six years old. Alterations FREE by Bedell Experts. SALE AT BOTH STORES. Court G. Gray, a photographer, accused of larceny la retaining $300 worth of ph’ toxraph material, The charge anew out ot a contract for reproducing Millet's “The Sowers," owned by George Van- derbilt. Complainant W, A. Cooper was | advised to sue for an injunction, Doctor Stabs Himself. AUBURN, Oct. 1%—Dr, Charles Gwinne committed suicide to-day by atwtbing Minself through the heart. The gas was ale found turned on In his bathroom, where the act was commit. ted. Dr. Gwinne had been one of the prinokal witnewses in the slander sult John L. Hunter against Mayor Ose in whieh $70,000 Is demanded, A borne, Lost Life on a Dare. BEVERLY, N. J., Oot, 19.—George Fogarty, aged twenty-six years, a nephew of former Mayor Adams, of | this plare, lost his life av the result of @ daro to-day. His companion dared tim to climb to the top of a safety gate n enayivania allroad te broke and Fogarty fell on his ‘and was killed. Held for Kicking a Boy. Alexander Bower, sixteen years old, of No. 60 West One Hundred a ceenth street, waa held in the n Court day a charge of Kicking Willlam Sampson, an errand boy, and ‘uring him #o seriously that he may on Miss Mary Cunnéffe, a young woman who has been employed as money order at Port Jervis, No Y., was a Nulgned beford United States Commis sioner Sidelds to-day on the charge of vaving stolen money from letter Was paroled pending Urlal ‘To Fight Civil Service, NORFOLK, VA. OCT, 1%—A new na- tlonal party to be known as the Knights of Liberty and og for its platform t absolute of el service rules as now dn © will be formally Hasinened here to-tght, Demovsrats and Repadlicans will unite in ve organiza thor Cossacks Fire on Rioters, EKATERINODAK, RUSSIA, OCT. 19, The disorders here were renewed this evening after the funerals of the vic- tims of the disturbance of Oct, 17, The Cossacks again fired on the rioters, wounding a number of pillagers, Banker Indicted, MUSKOOPE, LT, OCT, 19.—C. Bradley, banker and real estate dealer was Inileted by the Federal Grand Jury | to-day obarged with forgery and sp racy growing out of a land deal Friday's Greatest Bargain. A truly phenomenal price for a coat that ladies will appreciate as fashion's latest word. Newest Scotch Tourist mixtures in wood grays and partially defined plaids. Defy comparison at $15, Collariess.with Napateon Empire ulfers and sleeve effects. me oor fitted backs —- amart e-quarter lenath—modela with rsp autumn snap and go t m—an offering that will not » duplicated $18 Long Covert Coats Empire Models, Silk Lined, $10°° A rare collection o' thote long, tay get and glove-htting corset effecte—ensily amorg the smartest garments shown this year, In addition to their tailor-made shapeliness, bed present most attractive new sleeve sty Napoleon Empirs tions. Inte of famous Carmbridae | ¢ k English clothe oats handsomely fe are velvet-trimm atitehed value—t be sik lined. 8 others beautlfully Would be a. special morrow 10.98 | é 5 g : orossliig. | Lo-morrow's elaborate ceremony of ine Woman Postal Clerk Accused | M/ BANK CLERKS 42.072 np StL {Coat Specral.¥ $15 Edinboro Mixture New $ 98 Touring Coats, BABY’S AWFUL SKIN HUMOR Doctors and Hospitals Called ft Chronic Eczema and Said Sores Never Could Be Healed—Child Was Getting So Bad Mother Didn't Know What To Do, CURED BY CUTICURA AT EXPENSE OF $1.75 aes peeanee, “Words cannot express my gratl- tude for what Cuticura Soap, Oint- ment, and Resolvent have done for my gon, who when two years old had Eo- zema as bad as any I had severa! doc- tors, but when they opped treatin him his head woul begin to get sore again, almost the next day, It got so bad I really didn’t At last we took ne i he had Chronic Eezema, They gave me a wash for it, but said it was fool ish to think of it ever being cured, “ The child was failing so I thought I must do something, and reading about Cuticura, I went to the nearest drug store and purchased a set of Cuti- cura Remedies, I used hajf of it and found some relief and improvement, but thought the change for the better was only temporary, as it had been with all the other medicines ordered hy the doctors. But by the time I had used one and a half boxes of Oint+ ment, one stnall bottle of Resolvent, and one cake of Soap, the cure was complete and permanent, with not sign of agore from that day to this,— over two years. I shall never be with- out Cuticura Soap, I find it so good for the toilet and for the children. — Mrs. J, Sehe aperle, 218 Frost St., Brooklyn, N, y , Feb, 9, 1905," Complete External nd Interna! for Every Humor, from Plinpiew to Serofula, trom Intaney to. Ags, consisting of Cutloure Somp, 28¢., Glntnent, Ae. Rewols vent, He. (Ip form af Chocolate Coated Pills, tbe. per vial 61 @), nay be had of all drogeiets. A single vet often euree Vutter Drug & Chem, Corp. Sole Prope. Boston, to Cure Hab} Humora' 7 | know what to do, to the hospital, where the doctors “= Tailor Shops; 110 Fifth Ave ————" | System Clothes meet the exclusive cus- | tom tailor on his own ground. His prices are twice as high, but in all | else—as you may” see at the Lambert Stores— in style, in quality, in | tailoring,we'rerightwith | him. | | | | | Atterbury | “Ak the Man Who Woars Them.'* Suits and Overconts, $20 to $40, Salesrooms: 39 and 41 Cortlandt Street, In other Also at Bole Agent, Now Haven. Conn, — SPECIAL FOR THURSDAY, Chocolate Pecan Bonbons,,.Lb, 100 Chocolate Covered Creamery Caramels senor «Lb, 160 SPECIAL FOR PRIDAY, +s Lb, 100 vut Featt Chocolates Vark Row Store Open Byvew Until 11 @'Clook, KROW &NA COR SPRUCE S" Sacipsienenemienenmnbaniiegi LOST, FOUND AND REWARDS, LONT—Tueaday, 6 sind Columbus ay. t dan ay, a wold che tag Sntalning Handkerch Finder will be Majten” jane $200 reward for thelr ro — SUNDAY WORLD WANTS WORK MONDAY WONDERS f ” t 4 / y 4 } } } child could have it. |