New-York Tribune from New York, New York • 2

2 or the nwvn handling bis defence. That is a thing apart. care appeals to the heart, and that Is one reason the organization is up In arms about it. It is remarkable the sentiment which been displayed over thin. There is a nan acknowledged by the Governor himself to be of Irreproachable Integrity, a man who has served the state for years with marked ability ln whatwr high office lie held; who has served with honor to himself and honor and credit to the party to which he belongs.

These things are not forgotten up 1 state wheti he Is known, and even in New York If you were to go a district clubhouse and ft an lionert opinion of the views I'll guarantee that only an odd fieh here and there would side with the Governor." I Yet another niar. in district politics who Is close to the legislators are taking th-: lead In Kelly's support, that tvuu'd sustained by the Senate, and other thing's likely to become an issue between the Governor and the log-islatf-rs mid be "settled." organization Is unanimously against thi Governor on tho Kelsey case," he "I don't believe it will gi any further than that, myself. I think that after Senator Raines and the others have settled the 'ieey business, probably legislature win plve the Governor the utilities bill. may changed some, but I believe the organization will take the stand that the Governor has the right to have these things If he believes the party welfare demands the enactment of such laws. Whether the bill will have all the thinKs he into it Is another question.

There's the removal proposition. I doubt if the Senate will agree to that." GOVERNOR'S FRIENDS NOT ALARMED. Views held men in the. Governor's camp differ somewhat widely from these expressed by the Ke'isey adherents and those predicting an open Though not alarmed, the Governor's friends realize well the seriousness of the situation and are not Inclined to believe, if goes bo far as a defiance by the Senate of the wishes on the Kelft-y case, that It end there. The charge mag openly made by some men, without assuming to the Governor's mind, that the work of corporations against The Governor's plans jvas ehowing first in the Kelsey case, to be continued in drawing the teeth of the utilities Ibill if the Kelsey work succeeded.

In this the- Jory the attitude taken to-day by Senator Raines assumes a considerable part. His sympathy with Superintendent Kelsey has known from the beginning; and his support of Mr. Kelsey has been predicted since he left a eick bed for his dramatic visit to the Judiciary Committee in the early stages of the proceedings. But not long ago he publicly took Senator Armstrong to task for an interview in; tinatlng that there were "sides" In the committee. Therefore the Governor's friends, realising Senator Raines's long experience and adherence to closely considered plans of 'action, cay that his open championing of Mr.

EsJeej to-day was meant to crystallize opinion end bring about another stage in the campaign. I They realize that the long delay in the Kelsey rase has resulted In an opportunity seized by corporation agents to set upstate Republicans v.it:; real or fancied grievances against the Governor's polities. This would be easy through the great respect and affection felt for Otto SCdsejr; be break once made between the Gov; err.or and the Senate and sustained by the organization on the fttJelsey case, the real oppor- tunity of the corporations would be at hand. "I believe the Governor would regret deeply cxy attitude by the Senate or the Republican organization which would put him in the tion of direct antagonism," said one man who comes Into daily contact with the Governor. "I know he has wherever possible done things the leaders would have liked him to do.

He I has given 1 Woodruff whatever he could. Herbert Parsons got his appointments. The Governor has not taken a stand which would bring about a dispute in the Genesee County tUalr; on the contrary, he has tried to reconcile factions. But the Governor's duty Is not to i an organization, nor even a party; If I read his I mind he considers himself the Governor of the whole statt-, and if the Interests of the i people at large mid conflict with the Inter- ests of his own party even he would stand for the people. In this very Kelsey case, some of the leaders who have promised th'-ir ipport sr.d support of their legislators to the 'i- v- err.or base pone around condemning his course.

That is so in Albany County. "In my opinion. Governor, no matter what comes, will abandon his policies. He will I not retreat; he will not retract. In all this affair he never has lifted a finger.

While the other people have brought all sorts of pressure to bear he has absolutely aloof. Now, if he is t' rcf-d Into war he will abide the chances of war. and play a man's pan like a man, no mat- ter whether his organization or his party op- pos.es him or supports him." GENERAL ROE NOT IGNORED. Governor Hughes Issues Statement Regretting Reports in Public Press. Albany, April Governor Hughes this afternoon the following statement: I greatly regret that statements have been made in the public press to the effect thai Genera: Roe was ignored or his recommendations overruled jn th-; orders recently Issued relating to a detail of a portion of the National Guard In fact, the action finally taken was after conference wit! General and as in ac cordance with hi 3 own recommendations as in his letter.

The published statements to which I have referred are unjust, and it is only fair to say that there was entire harmony as to the reached, and that there is no friction between General Roe and myself." ANTI-INSURANCE BILL PASSED. Goes Assembly Despite Opposition of Prentice and Hoey. IBy to Albany. April The Smith bill to prevent fire Insurance pools or trusts to control rates was passed by the Assembly to-day despite determined eppositlon from Assemblymen Prentice and Hoey The vote was ft. to 13.

Both Messrs. Prentice and Moey said the bill was reported by the Insurance Committee only as favor to the introducer "because of his personal popularity and winning per sonality." Much amusement was caused by Mr Smith's modest disclaimer: "Anybody who has ever had any dealings with the Insurance Committee and anybody who knows Mr Itogers. its chairman' knows it would be impossible to get them to re' he SSaredf? belleved In the bill it- of thY bill argued that an insurant than 0I tJl the people "orthan It did for the interests or the Insurance companies, and that present insurance rat re as cheap as could be had. Mr. Smith read nutnerous letters advocating the measure.

The Governor bUI rcml had exjJl the hope that the bill would be passed POLICE AGAISST BILL. Campaign Begun in Buffalo to Keep Free Hides on Streetcars. fRy Telegraph to The Tribune.) BuflTair. April 25. -John W.

Orlffln. president of the New York-State Patrolmen's Association, called en Police Superintendent Regan to-day and had a long conference on the rrovisionti of Governor Utilities bill. so far as they effect policemen. Afterward Griffin and Itigan went to Mayor offlce and laid the matter before him. ho Major promised to consider their complaints and take whatever step might to him warranted to safeguard the patrolmen's interests.

Grtffln and Regan cay that if the cannot have free transportation over street railway crime will increase appreciably because lack of protection to the public. Griffin later visited President of the Club a local firemen's organization, and solicited the aid Of the department, tinea members of that body arc also affected In the way. ANNUAL CONFERENCE OF CHARITIES. Indianapolis, April The National Conference of Charities will hold Ms thirteenth annual meeting lii Minneapolis from June 12 to 19. Archbishop ire- UkiiJ will prszch annual coherence sermon.

WO3IEX LOBBYISTS WIN. "Equal Pay" Bill Passed as Teachers hook On. Telegraph to The TMMSM Albany, April The Assembly rewarded the women school teachers for their week's lobbying by passing the "equal pay" bill to-day by the overwhelming vote of 10 15. Many legislators frankly denounced the teachers' tactics as "little short of disgraceful." ar.d declared the question of pay was entirely one for the New York Board of Education to decide. A tew minutes after the Assembly had been ailed to order this morning group of women teachers appeared and took seats just outside the Assembly railing.

There they patiently Bat until their bill was passed. As the time for the vote approached they made every effort to keep the supporters of the bill la line, frequently holding consultations with members. So frequent did these calls become thai the of the House was Interrupted, and Speaker Wadfworth was forced on several occasions to insist that the members keep their seats. The climax came after the final vote on the bill. Gallant acai mblymen Hocked to the group of teachers to receive smiles.

Tin re was much Chattering in; ii merriment, the business of the house was entirely forgotten. Speaker Wadsworth rapped for order several times without effect. The triumphant women teachers would not lose any part of their celebration. that, the Speaker ordered the sergeant at arms to clear the floor, declaring "congratulations can be exchanged outside." Hut as the serjeant-at-arms escorted them from the Assembly chamber they still waved greetings to their friends in the House. Assemblyman Sheridan offered an amendment to the bill to prevent the reduction of the salaries of men school teachers This was overwhelmingly defeated.

Mr. Oliver spoke In favor of the bill, nfter which Assemblyman Rogers moved the previous question, shutting off further debate. Assemblyman Hoejr. In explaining his vote, made the startling statement men teachers had threatened him with "political extermination" if he voted for the hill. To show how much he cared for threats, he promptly voted in the affirmative.

Kfforts are. being made to get Mayor McClellan not to veto the bill. FAIL TO RECONSIDER IT. Effort in Regard to Moreland Bill Futile in His Absence. I By Tetasmpa to Tribune.

Albany. April ln the absence of Assemblyman Iforelai 1 to-day. Mr. Averlll moved to reconsider the vote which the majority leader's bill taxing mutual insurance companies outside the state on the business they were in the Mate was passed. The motion was lost by a vote of to 66.

Mr. AvertU bitterly attacked the bill, charging that be -old companies were be- Jund it and that its object was to drive the mutual companies out of business, so "old line" companies might be the beneficiaries. gentleman has his lighting armor on this morning, remarked Mr. Rogers, who was acting majority leader "Will he Itlndly descend from trie ncm-ery fields of oratory and substantiate his The House would to know what old companies are behind this proposition, which I believe to be a good one." "I do not Impugn Mr. Moreland's motives in mtroducir.sr the bill." replied Mr.

Avertn. "I believe him entirely honest in believing the bill a pood one. As far as the charges 1 made go. I repeat them; they are everywhere The very atmosphere exhales them." "The I now understand the pentleman; be means they are aJJ hot sir," Mr. Rogers retorted Mr.

Averill was well supported in his effort to col the vote reconsidered. Many charged tho bill injure manufacturers, as they would have to pay tha tax Imposed on the Insurance companies in Increased Insurance rates. Advocates of the bill scouted the idea. COMMITTEES DISCHARGED Rules in Charge in Assembly Many Bills Reported. Telegraph to The Albany.

April When a resolution was intro! duced the Assembly to-day to put ail unrei ported bills in the hands of the Committee on Rules and discharge all other committees. Assemt blyman Cuvlllier called the attention of the House to the unconstitutionally of such a resolution at mis time. "According to the constitution." he said, "the Committee on Rules can only take charge of unrt-porud legislation ten day before the adjournment of the Legislature. After this resolution is adopted the Legislature win have to adjourn on May 4. We have passed a.

resolution in this houso to adjourn on May 9. but the Senate hag not curred, and there Is little probability of an adjournment before the latu-r part of May Mr Cuvllller said tiiat in his opinion all bills dl after the adoption of the lon SKaSe 1 1 charge, and that committee held its this sitercoon. when it reoorted several bills 0d speaker Wadsworth, chalman tsuins ana A large number of Important ills were reported the comm simwi One of the most Important bills reported by the and Means Committee is that of UMmblyman Moreland urging the investigation of earl, ho rd US at Inthree years Governor intervals not exceeding iJt. highly Import election law. one.

of the propositions of th. corrupt practices movement, was reported to the Senate Vit Committee on Codes-the bill, regulating Vie election expenses of candidates for public office One of the most interesting bills reported micht have an important bearing on the trial of Harry K. Thaw for the killing of Stanford by its proposed stringent limitation upon the testimony of expert witnesses. it Is the bin of Assemblyman Moreland, which would amend the of criminal procedure so us to limit the testimony of Insanity experts to such persons as actually saw the defondant at the time to which their testimony relates. This would practically bar "hypothetical questions put to experts In order to have them pass upon the condition of the defendant under circumstances elaborately described in the Questions.

The proposed act would not prevent testimony relating to insanity in the family of the defendant The Assembly Codes Committee reported the bill of Senator Page, which would make it punishable for a railroad corporation to employ more than In any twenty-four any employe whoso duties have to do with the movement of trains. Hills reported favorably by the Assembly Committee on Ways and Means Include those of Mr Averill, increasing salaries of employes In state hospitals; Mr. Apgar. appropriating 1125.000 for the purchase of Verplanck a Point, on the Hudson River, for the proposed Hudson Fulton Memorial Park: Mr. Wnir.wriEht.

Increasing the membership of the State Board of Charities from twelve to thirteen: Mr. Patton. giving justices of the Supremo Court 12.600 for expeniMis; Mr. Blue, appropriating KT.OOO for extinguishing debt of the Central New rk Institution for Deaf Mutes, at Rome- Mr. appropriating the purchase by state of the "birthplace of the State UTiite'platos? tne oIU courthouse property at Assemblyman F.

O. Whitney has recalled from the Governor and amended his bill Increasing the salaries of the State Commissioner and Desuty Commissioner of Excise, abolishing their allowance "in lieu of expenses." and providing f-r deputy commissioners of excise in the counues or A any Westchester. Rensselaer Schenec- Ih2 3 ll 1 nonda a As originally passed the Si sought to change frr. May Ito October i the date of beginning the excise fiscal year This provision has been stricken from the bftLthe undemanding being that Governor Hughes would not ff pr te not know whether he objects to the bill as now amended. lo The Assembly Rules Committee met after session, reporting bills for calendar Among these, made a special order on second and third reading, are two by Senator All.ls tax laws.

One give, the Controller greater £ier enforce the law relative to the tax on Btock. Provides that 'the State Cor.Vrener may enforce his right to examine the books and paSra of firm, company, association or by mandamus." The bill also for rle" ord of sales or transfers and Tor a penalty of not less than £00 or more than $3.00. The other Hi! provides that representatives of estates ci entitled 'o any refund und-r the transfer act shall not entitled to suchNfund Majority leader Moreland', giving the Oov t-rnor power to investigate state BELLS SIGNED BY THE GOVERNOR. Albany. April signed by- Governor Bnghes to-day Included those of Senator Permitting Insurance aninit I due to automobile collisions alnat ac- SttTSUS.

CvSui ProPe is: u4 1 0 1 th railroads ahal) an.l by motiv regular of the act shall be liable to a of -V SSAILY FRIDAY. APRIL 23. 1907. HIT WATER GRAB BILL. Speakers Plead for Protection of State Forests.

The Association for the Protection of the held a public meeting at the American Museum of Natural History last night to protest against the water storage measure, otherwise known as the Merrltt-O'Nelll resolution, to amend Article VII, Section 7, of the constitution of the state, so ns to permit the construction of storage reservoirs on the state forest preserve. More than four hundred persons crowded the ball to indorse by their applause the charges made by the speakers that the measure now before the Legislature was being pushed by lumbermen, paper manufacturers and others who would benefit financially by the denuding of the valley forests and the construction of Those who spoke agreed that should the amendment be passed the people of the state would suffer and millions of dollars In prospective income from the forests would be cut off. S. R. Stoddard.

the lecturer, strongly arraigned the lumber and paper Interests as being the chief workers for the passage of the amendment. Professor H. 8. Graves, director of the School of Forestry at Yale, spoke on the need of foresight In preserving the forests of to-day for future ins. Charles Sprajrue Smith told of the work of European governments In preserving forests and Utilising them as a source of revenue.

1 AJAX" STOPS RUNAWAY, Whitman Again Distinguishes Himsel Other Horses Stopped. In a runaway yesterday. Patrolman "Ajax" Whitman distinguished himself again. He at 116 th street and Fifth avenue, juft as the public school In that was emptying at noon. Whitman some of the children out i his way as he saw a runaway horse attached to delivery wapon come tearing down the avenue.

Getting on his wheel, he gave alongside the horse three blocks down the avenue. With his left hand he seized the horse by the nose, and then, kicking his wheel away, threw the horse, landn-g on the animal's head. When the driver, a young Italian, showed up, hp was arrested, to be fined $3 for his carelessness. After stopping another runaway, at Broadway and Havermeyer street, Williamsburg. James Smith, a grocery clerk, needed the attention of an ambulance surgeon.

The animal, frightened by an elevate.) train, had run for several blocks when Smith jumped in front of it to stop it from smashing through the big crowd at the bridge plaza. The horse swept Smith off hi: feet, -but he held on, getting his scalp cut badly and bruises and lacerations without number. Less fortunate was "Pat McCue, an exerciser for a sales stable near Columbus Circle. He was showing off a carriage horse, which became frightened and threw him out of the runabout in which he was driving. The horse, with only the shafts trailing behind him, knocked over Patrolman Meehan, of the traffic squad, and kepi down Eighth avenue until a citizen stopped htm.

NOT TO GO TO WASHINGTON. Moyer-Haywood Committee Decides Not to See the President. The committee which was appointed by the Central Federated Union last Sunday to go to Washington and ask President Roosevelt to retr his statement that Mover and Haywood were undesirable citizens has decided not to o. This decision the result partly of the letter of the President to the chairman of the Moyer-llaywood conference of Chicago confirming. Instead of retracting.

his statement. Defore this letter was made public Secretary Beam of the Central Federated Union says ho telegraphed to President Roosevelt and Secretary I-oeh asking when tha President could see the. committee, but no satisfaction." The letter of the President to the Chicago body decided the question, and the committee dcci.led it would be waste of time to go. The executive committee or the Mover Ha; Conference met yesterday and issued a statement violently attacking the President's attitude on the Moyer-Hsywood controversy, expressed in his Chicago letter. YOST DISCHARGED AND REARRESTED.

Boise, Idaho, April 25. The case of W. D. Tost, charged with contempt of court for an alleged effort to Influence a venlreman in the case cf W. D.

Haywood for alleged complicity In the assassination of former Governor Steunenburg, was dismissed to-day by Judge Wood In the District Court. The court held that the affidavit of Juror was not sufficient. Yost was Immediately rearrested, however, at the suggestion of the court under the Idaho statute making attempt to Influence a juror a felony. He will have a preliminary hearing to-morrow afternoon. ENGINEERS IN NEW HOME.

Clubhouse Open for of the Building. 'The Club held a house warming last night in the new clubhouse, No. 32 West 40th street there being more than a thousand members of the club and their guests present. new building is twelve stories high and fronts in Bryant Park. It was designed by Whltfield King, and is said to be one of the finest clubhouses in the country.

The first three stories are devoted to the club! containing the reading, billiard and reception rooms. next six stories contain the bedrooms of which there are sixty-six. floors are planned SO that the rooms may be used singly or en Above the bedrooms Is the private dining room floor, which contains two large dining rooms 4 spacious reception room Is also on this floor. On the eleventh Is the main dining room The twelfth floor is entirely given over to the service work. In addition to this there are quarters on this Boor for servants.

The club has installed Its own heating, lighting and refrigerating plants, and will maintain a roof garden on the top of the clubhouse where meals and refreshments will be served in the Bummer. BISHOP POTTER GIVES PAINTING. More than a hundred persons attended the entertainment given yesterday t.y the Actors' Church Alliance at St. Chrysostom's parish hall. Seventh avenue and 39th Btreet.

Bishop Potter, who has working In co-operation with the organization to make the fair a success, presented the alliance with an oil painting of himself. This will be raffled off at the fair to be held at the Metropolitan Opera House, beginning May 6. the hlrh will ko toward the fund Addresses made by Bishop Potter. Mrs. Kdlth Totten McGrath first vice-president the national council; the Rev Francis J.

C. Moran. Mrs. George 8. Studwell Mrs.

Panmn Lyon. Mrs Mary Olbbs Spooner and" rather Sill, of St. Chrysostom's Chapel, of Trinity parish. Among those present were Miss Amelia Blngham. the Rev.

J. L. Parks and the Rev Dr. T. UarJtner Littell.

DR. LEAMING SUCCUMBS TO BURNS. Cape May. N. April 26.

-Dr. Jonathan F. Learning, eighty-five years old. died to-day from the burns which he received at the fire tn his daughter's home on Monday. A funeral will be hold to-morrow for Learning and for his daughter, Mrs.

J. Splcer Learning, whom he was trying In vain to save when he received his own injuries. served two terms in the New Jersey Senate, from 1863 to 1966 and from 1877 to 1830. He was Surrogate of Cape May County from 186S to 1877. and held other local offices.

His grandfather and great-grandfather were of the Nem- Jersey Legislature His son, Vice-Chancellor Edward B. learning, of New Jersey, is the only close relative surviving: him. A third victim of the Miss Elizabeth Bchreve. of Bordentown, a trained nurse, is stiii In a serious condition. FORM NATIONAL ROOSEVELT LEAGUE.

Albany. April National Roosevelt League, formed to aid and secure nomination by all parties of Theodore Roosevelt to succeed himself as President of the United States and to organize leagues for this purpose in every state in the Union, tiled incorporation papers with the Secretary of State to-day. The principal office is at No 41 court street. Brooklyn. The directors are Bela Tokaji.

William H. Boyes. J. P. BerV Matties Paul Kreuder, all mmari WORK OF VANDERPOEL His and Hunter's Failures Shown in Hughes Inquiry.

The public has no memory for details. Of the sensational insurance investigation only a genj eral impression remains that very lax, irregui lar and In some instances dishonest methods prevailed among the insurance companies, and that the State Insurance Department only failed to" check the irregularities and abuses. but also failed to detect their existence. It is I necessary to go back to the testimony taken bej fore the Armstrong Committee to recall how largely Isaac Vanderpoel. the chief examiner, and Robert H.

Hunter, the first deputy superintendent of insurance, both of whom the present Superintendent. Mr. Kelsey. regarded as indispensable at least for several months in the management of the department, contributed to the failure of the department to discover and correct the evils in the insurance world. Vanderpoel entered the Insurance Department in 1870 and became its chief examiner In 1593, continuing in that capacity till a few months ago.

Hunter was appointed first deputy In ISO 7 by Lou F. Payn, assuming charge of the New York City office, where he continues to serve. In the period of these men's service in an Important capacity there have been three or four superintendents. These two men held office throughout several superiors' terms. They "knew the ropes." They had the practical knowledge of the department which made their superiors lean upon them.

It is usual in departments of that sort, whose heads are appointed from private or political life with little knowledge of the subject over which they exercise authority, for some permanent deputy or clerk really to control the policy of the department, and the Armstrong Committee reports that superintendents allowed Hunter and the i examiners "to conduct examinations in their own way. practically without direction or interference." How bad their own way was is disclosed by Vanderpoel's testimony before the Armstrong Committee. In his examination of the Mutual Life Insurance Company he did not discover how large salaries were paid to the officers. He merely found a lump amount posted as the salary account and inquired no further. He did not learn about the very large commissions paid Robert H.

McCurdy, son of the president. R. 11. McCurdy's account was the only one kept in such a way that it was Impossible to tell from the hooks commissions actually paid to him. Did this irregularity strike Vanderpoel as something to be Investigated? 'No, it did not." Tho supplies department.

to whose expense account was charged the buying of legislatures, he examined no further than to see that the vouchers had the approval of some one in authority. This was the department that, as the Armstrong committee readily developed, maintained Andrew Fields and his "House of Mirth" at Albany, and for Juggling the accounts of this department two vice-presidents of the Mutual are now under indictment. Mr. testimony discloses the reason why he discovers! Done of these things and the reason why insurance examinations in this city conducts! by him under the supervision of Mr. Hunter nevrr served, to reveal or cheek the misuse of the pollcyholders' money.

Questioned by testified as follows regarding the scope and thoroughness of l.is examination: Whenever you found on voucher the stamp showing approval or the committee on th'-n you loft it that IS to say. you was. that, so far as the examination was concerned, lhe.y could have any amount of money fur any purpose, provided ft was authorised by the committee, without awakening your criticism? They couM. Is tlm your examination was not at all to IBS propriety the expenditures, but to fact of the uxpesiditurcs? To the. fuct of the expenditure.

shown by approval of the committee? Kkiwtly. Hut It really was not an audit of further than to require the production of the imittee't stamp Yes. Why did you limit It that way? always had so. Q. lias that the practice in all the examinations? A to bo behind voucher? lt has.

Even though the voucher does not disclose tho nature of the services rendered or "any detail of the services lered, provided it is approved by the appropriate committee or appropriate oftlecrs? Yes. If anywhere you have an official voucher of any officer or of a committee, that closes your Inquiry? That closei my Inquiry. Bq that. in fact, the examinations of the department havK no rheck whatever upon waste In they have not been Intended to he? Not been Intended to There has been no effort to ascertain whether money has rxen expended properly or Improperly? Not that I know of. extract frowi his testimony telhi the story of the failure of the Insurance department hi this city.

The examiner looked merely for balance. Any skilful doctoring of books could draw from htm a certificate that could be used In advertising an insurance company to attract patrons. He made no ox.immati-.ii to determine If any of the oftVers Interested In the buying and selling of securities. not put any of the officers on oath and examine them, as the Armstrong Comtnittee with remarkable results. The matter of distributing gains to policyhoMers was not Inquin Into.

He not ask whether any the officers lud participated in syndicsiN operatlons. simply looked at the amount that had been reported as profit? Yes, Fir. ii And endeavored to see whether the subsidiary hooks of account corresponded with the of the and the report? Yes. That was the extent of the examination? Yes, sir. In the examination 1 the Equitable Mr.

Vanderpoel testified to following his usual policy. -Pld you examine Into the propriety of any payments? A Not beyond the vouchers. if you had voucher that not dtscioso the purpose the expenditure, you go behind voucher? did not So that your pxnmliiation In the Equitable, as in the Mutual, did no! disclose and was not an effort to disclose whether the expenses had been legitimately Incurred? A. No. the examiners did find the books doctored or the assets Joggled to make a false but desirable showing In the annual reports, they overlooked these irregularities.

Mr. Vanderpoel testified that be was cognizant of the Juggling with securities, "to make a favorable showing at the end of the year." He knew of in the case of the Equitable "loaned" just before December 31. and paid Just after. Many of these fictitious borrowers were subsequently shown to be mere clerks in a banking house. Had Mr.

Vanderpoel learned that? No. It did not occur to him to be worth while to Inquire who these borrowers of millions were, and he never saw their notes and never saw the securities pledged in the transactions. He admitted that he "had an Impression" that these "loans" were made just before the annual report and cancelled just after, so as to enable the companies to report a smaller cash balance and a larger number of collateral loans; in other words, less money standing idle and more out at Interest. And this leads to Mr. Vanderpoel's conception of his duties regarding the annual reports of insurance companies.

Now. of course, the system of reporting the companies to the department depends for Us value entirely on the integrity of 'hese reports. If securities can be substituted and various operations gone through with to make something appear true which is not really In substance the fact, dependence upon the reports can no longer be had. That Is fully understood, by the department. Is It not? lt is.

Yet he made no effort to correct the obvious abuse of the. reports. So, too. of the bookkeeping trick of Insurance companies In apply, ing their profits on securities sales to wipe out their losses on real estate, or to reduce its inflated value on the books. Mr.

Vanderpoel knew ANNOUNCEMENT. The Trust Company of America. Colonial Trust Company. At the opening of business to-day COLONIAL TRUST COMPANY will be merged into THE TRUST COMPANY OF AMERICA. The offices heretofore maintained by THE TRUST COMPANY AMERICA at No.

135 Broadway and No. 36 Wall Street, and by tho COLONIAL TRUST COMPANY at No. 222 Broadway, will be rnntinmd. the latter as the COLONIAL BRANCH of THE TRUST COMPANY OP AMERICA. Until further notice all business of each office will continue to be ducted, so far as both depositors and the public are concerned, in ail respects as though no merger had taken place.

New York. N. April 26. 1907. i Friday and Saturday Misses' Suits iUioovo OUllo A number of Misses 1 Suits of imported and domestic striped materials, made with pony coats and pleated skirts.

Coats trimmed with fine braid; Sizes 14, 16, 18 years 32, 34, 36-inch $19.50, 27.50, 29.50 Girls' and Misses' Box Coat Suits A large lot of Girls' and Box Coat Suits, with pleated skirts, in navy and brown serge, navy mohair, white and gray stripe and fancy light colored materials; Sizes 10, 12, 14. 16 years 3D, 32, 34-inch $15.00, 19.50, 22.75> 29.50 Misses' Eton Suits An excellent assortment of Girls' and Misses' Eton Suits of fancy mixtures and tripes, in imported and domestic Sizes 14, 16, 18 years 32, 34, 36-inch $15.00, 19.50, 27.50, 29.50 A large number of the above, are garments that have been much reduced in price. Girls' Shirt Waists Shirt Waists made of good quality lawn with four strips of open or blind embroidery insertion down the front with clusters of tucks between, buttoned tucked back with sleeves; Sizes 12, 14, 16 years 30, 32, 34 bust 60-62 West 23d Street of it. but let them make the false statements all tho same. knew that last annual statement reported no profit on or maturity of ledger Tee.

You knew that mi not true, because they had a sales and ledger assets profit to a very large amount? They had. rut clearing it la that way marking down their real But the whole object of your report was to Ket a true and correct statement of the items called for. was It not? Yea. Q. you didn't get it? The present method Is In effect a concealment of real estate less and a concealment of securities profit? A.

A real estate marking down In value. Not only, then, did Mr. Van.lerpoel and examiners content themselves with finding a mere superficial balance, without Inquiring whether the expenses had been legitimate and free from extravagance, but they quietly connived at false annual statements, malting a more favorable showing than the facts 'Justified. They never found anything wrong with the. methods or the management of the companies and they never sought to find anything wrong.

It remains to be seen how they acted when charges of gross mismanagement were brought against a company. In IMS serious accusations were made against the president of the Mutual Reserve, some acts related to these charges the president of the company is now under indictment and the vice-president has been convicted. Mr. Hunter, the first deputy, tells this story. He and Mr.

Vanderpoel conducted an examination of Mr. Burnham. The questions and answers filled two or three typewritten pages! Did you suggest to Mr. Vanderpoel that that was a rather limited examination for such an lm nortant subject? only covered certain specific things we wanted his affirmation or denial of. It was disclosed that the company paid a director named Brockway $300 a week for performing nominal services, and Brockway paw most of It back to Blngham personally.

Vanderpoel left that Interesting matter out of his report to the Insurance Department. knew if he left out an Important matter It was your duty to see that it was brought to thl attention of the superintendent. Now. here 2 case where the president of the company was At ting from a man to whom a salary was paid substantial equivalent of that salary, and you did not report It. Why was It? could not tell why he did not report It.

teu thought that as chief deputy you not get that word to the superintendent? A -Wei, my Impression is that all of these things win talked over casually with the superintendent! Mr. Vanderpoel, on the witness stand, told of Inadequate and superficial examinations. His official reports read very differently from his testimony. Of his examination Into the Mutual Life he writes: "If the scope of the examination were confined solely to ascertaining the fact that the corporation was solvent under the law (it was of this very examination that he subsequently swore solvency was the entire scope) the time occupied would be relatively limited compared to that required to determine likewise whether the company had been managed in the best interests of the nolicyholders." On this report of Mr. Vanderpoel the Armstrong Committee comments thusla striking contrast with this official reDort i.

examination it. as disclosed by the. testimony taken ov tour conjmlttee. The examiner did not know no effort to ascertain, the eateries individual officers. He did not knoiTand made n2 effort to ascertain the amount th 2 president of the company, or the ternw cmi tract under which he hid been i reccMos? commissions upon foreign business 3 exceMlv mmmmm "Hammocks." Lawn Umbrellas and Seats Garden Baskets 150 135 Treat street, and West New York.

moneys had been spent properly or Improperly. The fact that a disbursement was approved by tae stamp of the committee on expenditures was) deemed a sufficient Just location for the payment. Vouchers answered the purpose if they covered the amount called for by the books, regardless pC the question whether the amounts, were actually expended as therein stated or of the excessive attributed to particular departments. Concealed payments under vouchers for drawn by the chairman of the expenditure ana the enormous totals disbursed In the supply partment under the management of An.lrew C. Fields, either escaped attention or were treated as without significance.

No officer or commltteeman or agent was examinedl under oath. Despite the langr.ia«*> nt the report, there had been no real effort to detect In administration. As a test of the character of tao management the examination was certainly farce. DRIVER LANDS O.V HEAD. Car Rams Wagon, Glass Smashed, Men Cut Women Faint.

One man had his skull fractured, several persons were cut hy flying glass and a number of women fainted last night when a northbonaa Third avenue car clashed Into a light wagon at 21st street, and tt. Joha Noonan. fifty-two yean Old. of No. 34fi East street, the driver of the wagon.

the man whose head was broken. He was takem Bellevue Hospital. Noonan was driving west on 21st street, made a desperate but Ineffectual attempt to dodge the car. Bat the car etrack tho squarely. Noonan wu thrown eeveral mid the air and landed upon his head, Dr.

Lewis wu from Bellevue By pltal. He treated Noonan and the persona had been cut. and also attended to the who fainted. They to give their The motorman of the car was Owen Boland. No.

157 East 88th. street. WATER RENT TIME On May first the regular city vrater charges 'are due and payable. Worry and delay are avoided By registering your property witinis. We will obtain and send to you properly verified bills for water rents against your property.

Payment of these bills throcgh this Company accuracy and saves annoyance. Our registration fee, which covers all city taxes and assessments, is only 52.00 a year. TiTIE GUARANTEE AND TRUST 9 Capital and Surplus, 11,000.000 176 Broadway. New York. 1 '5 St, 198 Montague.