Cleveland, Feb. 8. - The morning session of the state serate trust investigatjng comrnittee was 'argely devoted to examiniiig inte the Cleveland board of underwriters, er jo-ealled insurance trust. Sec-retary A. I. Truesiell of the board admitted that pach of the 125 members of the board deposited $50wi!h the secretary and when a member was fined for cutting rates the fine is taken from the deposit whicb must be replenished to ?50 within 30 days. He frankly admitted that al! the companies now organized are sure of existence, and do competition can destroy any of them. He refused to show the books of the board of underw riters. A subpoenae was issued for them.