The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-09-14


fFrotg the s.ipoispst Gs2slh, seq. AL
sSEsDos sno T;usi Company wh'ch. hss Deen anAoesiy
10 co FOR by creditors rnia cot rrsseaiSo iali
eltr,y ~ sbs eHhp't, put oSiug de cce.uoe cen
oisoD NJ sccooo' Al New Yc's, Tho besi
that cfnlc trapersd AZ thie the TIE foolcgs rot
sfcrc muob eclrsgswentso Creditor Par interest
S gted ana the report Tor aa Very
iiie be s.c about H. -be New York oca vac tbs
gs.b, mae ssrsm tbo, wal ID mGney ersdtosa
ssssed. Thee the rect bsreface1 frsucs s.-e osum
TED me nsut = ~ "o'fe, We pre.are i'ao haa e.tn
len, aic. deptsU's wil not realize rcseec'as is per
ctn'age.
20 THE SWpno2s AND STOCKHOLDERS OF TIE Ono LIFE ~.
suRAsCs And ThusI ComrASY:--
ms afgcsts Of sne 0pio Lite Insurance sui Vast 60
pens fe-eft il AID stcekanictrs mo saasTed
tts'eneIis showing baris ss pow rvbe'r 90 yer
20 chow The condition al iva sna's AZ the ofce In Cnca
pnti, arc al tbe agency IN New fcrs
The delay In The presentation Of eee Hts non's desp
y regretted hy the a,esneeal has resulted So cscses
eb,re hey their cotiO causes which sil pre- VOC,
more ran AZ qrrox roa,e sa,aneat OK soias
ssses the ccmpapy we'll aa the nrs sssssrue-i OK
she trust cSrddsa 4, ina sssgnees
IL will be sLfceut 20 few ~ tpe OF the
delay AID ep,ba.rsnen e,tepSicg The nyssie soas Of
the s.s'gnsss rske lhs fcliown for eIanPe-
l. Inc cobusso d3r OF ca oorks AID o. sae
sgency IN New YORK, which rerae.cd u illp,~s bio 10
ASCERTAIN from ts.sa books and papers the acts or
mary nf tee noet rocYtent Z! hs in
that sfiac, itaris csay:- !,
TIA. Dsny entities Cor large snounss o. both debts and
credHs, bad been entirely onitaa.
That many erroneous aod fsse ent-ss for large mounts
had been made or toe books
mat Dsny Of she securities hsd al ihe olse c,isse
rails 10 oers haa been secarLj from the Obligations to
secure who1 'sy bed ana agsiu pledged 70
mercy borroeed, Il sqs csses In she name u tbs co
irusets sat as.nst saer express ips;suctioas Also
that srge sIgcuDt u he bills and Forwarded by
correspondence for collection ory bad been pcsged in
TIE way o. lheso transactions the cooks and pa,
perss sforced ,enbe evidence, and, far thsy
reisied 20 pates a shonl the cougsur bad accounts,
rs4crec ibe interchange Of full ua1snrps sof the
ccne's and -arisob of the iens to reconcile the
ocrepanc.tG fnh required mach tilne In some cases
requert Of or has bea with neglect and
in others by refusal 10 forward spY account
Much tine wl. required 10 Obtain detailed accounts
from Correspondence. Repeated osms for soe credit Ct
omitted, ~ the o6fractBess 81 Which evidence
vas foupd also eeoasicred csiag and embarrassment
All tie books ind papers in the office at sue Ne York
aseIoy in the custody OF the Saer, hei1 under
numerous attach men. suu requiring the examination by
ire asssrees 10 be conducted VITA his per ssion and
urdss pis supervision and that Of h,s depulaa
2. A very Ia 20 N, aber o. suits had been COM
menced, immediately Gger tao s2spsnsion, agairst no
oompsrs, IN vsrcns places IN tie States Of New Yors,
Ono virginia, ksnsAcky ard lncA1a, and ia ths cities or
Boston, Hartford, PnuaoephA, ssltEcre, 81. Louis,
Nashville and Nc Orlesns. IN tsesasuir, cash rAot
paly 70 recure biuseu full payment, and the suits
hsye been vigorously prosecuted for the attsn nsnt
q '' so aneo o. ss have besp
considerable amerpt or asset5 have been reclaimed
fer ne seneIal uecroFs bu. large portion Of then,
stu undectaeo, suh OF 70 the laws delay Ths
penses attending this litigation, w educe tho amount Of
the assse dapute whether she decisions esp2y
The ssusss shove enau,sra.eo viii Recount for the do
lay making the irnpe feet etatement, pre-
and show VIII Is impOssible, al this time, to make sea,
lemeDt or the trust
NE szsgrees nay ner be able 70 ascertain the exact
ru,hconneced with tie properly covered by the assign
nen but a. theso vexarCns lag suits are ieser
mined, end the asenees convert the GSseis under
their ooprci, trey viii be able 10 close up toe iras:
Too Bgurcs which represent the vauo Of the stocs,
bosds doubtful de.ts, rest oerc estimates OF value
ard these assets nay when conveyed, realize ncre or
less tban the estimates sors q these will bsng more
DOW thin they wov1 have brought hsd q sa,s been
forced earlier rarod TIE sssigueee have tasen
rtsrs enforce the col scson Of the bills receivable
10 place The other securities condition TO be disposed OF
opportunities may oer, without Too great sacrifice
By ofeer OF The Aasigrees.