22448. Union Savings Bank & Trust Company (Tacoma, WA)

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YELLOW DOG TRAIL LONG. NEW $18,000 PAYMENT. Schedule on Pool Profits Contradicts Hyde's Testimony. trail of the ubiquitous "yellow dog" Ham- and The the inevitable "Judge" Andrew inthat of shown yesterday by the insurance the contiIton was committee to lead across has across the ocean, and a pay- by nent as $18,000 of New-York Life restigating of it money fresh exposed. ment and perplexing means was from of the removal of city also The of the New-York Randevious mystery vaults Life stock was D. the but not explained. Edmund Life, identiprobed. treasurer of the New-York he had dolph, transaction as one to which before, not fied under orders, but that this been a was treasurer, and showed the he party abandoned while, of tax dodging had been The direction when he became and at his Reserve policies, with Mutual proceeding but "multiples treasurer. cost policywhich looked innocent, discussed. ratios" endless assessments, were holders W. Perkins's handiwork was several again bond unGeorge the accommodation of the covered of in sleight-of-hand variety. Finally regarddeals deposition of George H. Squire that have pathetic certain transactions in stocks apparing questioned was read. Mr. Squire His been remembered little regarding these. where he ently was taken at his house, testimony confined for some months. has schedule been submitted by Mr. Squire's counsel, of the A the disposition of the profits Company showing Title Insurance and Trust James Hazen Lawyers' indicated a payment to to the stock sale, $5,688 72. This adds another before the Hyde list of of direct contradictions the witness committee, long said as that Mr. he Hyde, had never when snared on in any of stand, of such a transaction. the profits D. Randolph, the first jugglery witness, es- by Edmund explain the remarkable Monday, sayed to Theodore M. Banta testified removed which, New-York as City stock had been Life at the vaults of the New-York of the Cen- tax from the time in 1901 and a check the stock, collecting National Bank for the amount of placed the tral substituted. Mr. Randolph had acted $700,000, 1900, and explained that he Possibly, date as whose he was not clear. under thought, orders, they were those of his time, predecessor, Mr. Ranhe who is dead. At this He did Mr. Gibbs, he was not treasurer. the dolph recall explained, what disposition was made into the of ennot knew the check was put that a restock. of He the stock in the vault, and was revelope was made when the stock Mr. Ransubstitution January 9. four days later. and recalled turned thought on the dates significant taken for dolph had been told the stock was Bank. that certain he clients of the Central National RANDOLPH STOPPED PRACTICE. this proceeding enable some belonging one to to "Didn't taxation by these securities Mr. escape New-York Life?' inquired Mr. Hughes. that the the conceded this, but explained when Randolph "repugnant" to him, and that thought thing he became was treasurer he stopped it. at He least one as well as that before this there had been one legitimate simliar When asked about the withdrawal. substitution, Peabody George W. & Perkins-Nylic deal through Kidder, of it, but Randolph said that he knew had merely Co., Mr. that the New-York Life Mexiunderstood loaned the money, taking the interest the on loan. Central stock as payment for to be an or other this loan managed Life Somehow in the records of the New-York witness as entered and Mr. Hughes and without the any a purchase, this point at great length knew of debated agreement. Mr. Randolph company no apparent in the books of the insurance substitution, entry the $700,000 city stock Life showing neither did he know whether the New-York stock. anything for its loan of the received Fanshawe, the next witness, explained under W. various S. bond deals in which, acting had handled the from George W. Perkins, he Life. In orders securities of the New-Yor stocks, in money or of the New-Orleans Traction handsome the case New-York Life made a Fanwhich the has been testified to before, Mr. end of loss, as said he took these over at the showshawe This saved the New-York Life from Superin1904. them on their report to the State involved ing of Insurance. The amount Nylic was tendent the $250,000 representing $1,250,000. Mr. Fanshawe's description of end the of steps last money. was as follows: At the the in the deal bought the stock for $937,500 delivered from to year he Life. The bonds were to Security and Trust this company carrying his the New-York account, New-York with Company the Perkins. bonds. Fanshawe's dealings were until JanMr. trust company carried the bonds them. To The 5. when Mr. Fanshawe paid for from the uary them he borrowed $937,500 were sold. pay for Life. Ultimately the bonds knowlIn New-York this transaction Mr. Fanshawe affair had no was onethat Nylic's interest in the the New-York edge that any one figured but explained fifth, or Perkins. Mr. Fanshawe bond Life and that he had been an independent for dealer further for twenty years and not Co. associated many years with J. P. Morgan & THE "YELLOW DOG" AGAIN. a new yelp from Andrew clerk Hamil- in ton's Then "yellow came dog." James C. Keeler, Company. a forthe Title Guarantee the Security and Trust and Trust cross-examina- Company, was merly put with on the stand, and under up of the affairs tion recalled that in the settling and Trust Company of the Union Savings Bank the hands of Wash., a company in was a of Tacoma, the trust company Newreceivers, for which held by the trustee under a mortgage indebtedafter all the company's a New-York Life was York ness to Life, the Instead subtracted, of turn$18,000 remained. the insurbalance of over to the policyholders of sum was ing this through the surplus, this witance promptly company paid to "Judge" Hamilton The