The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1866-09-21
We copy from the proceedings O
the Beard of Directors: "
OFFICE SINNISIPPI INSURANCE Co.,
Indianapolis, March Srd, 1866.
MEETING OF BOARD OF DIRECTORS


by the President Present--Elijah Good
1 win, President, and William, ii. Slater,
John r. Berry, william II. Montgomery,
and WILLIAM E. NIBbACK. Directors.
tfFTHere follows statement signed by
the Directors, including Mr.. NIB
LACK, afterswhich the following as
sessment was made! snf9o 31e 10
Resolved That for the purpose OF pro-
yiding the means to pay the liabilities,
there is hereby assessed upon the men,
'bers of this Company in proportion to the
amount ofStheir Premium and Deposits,
being in force on the list day of March
1886, the sum of FyftyzfoAr Thousand Sic
Handreas and Fifty-si1. DoElars and Ninety
sac Cents, being ten per cent, onst the amount
thereof, as shown in the said statement,
and the Treasurer is instructed to co!Iectthe
sS''''e @S"7 g 49, %l9w - ~ s
And the minutes Of this meeting being
read and approved, on motion of Mr..
WILLIAM E. iNIBLACK to adjourn, said
meeting adjourned sine die.
an- ELIJAH GOODWIN, President.
Attest: John r. Berry, Secretary"
Here is the undoubted evidence not
only that Mr.. NIBLAcK was Director
in the Company, but that he was pres
ent, and assisted in making one of
the levies, and ordering the immediate
collection of the notes; and not only
that, he and his law partner are the
men who are o to-day prosecuting
these suits in the courts, and seeking
to compel the honest and hard work
ing laborers Of the country, by the
technicdlities and qat66les of tkeEaw, to
pay these heaYy. assessments, which
they never expected they would have
to pay; grinding out of the poor the
money which is neeaful to Ray these
wandering agents and Well7feed InsuEo
ance of6cers.dsa8W .Ysb lis salgt WIS
By reference to, the proceedings of
the meeting of the Board of Direct
ors on. the 9th of November, 1866,
when the first levy was made (t0hich
zoe copy from the papers on tile IN
.Court)i appears from the exhibit Of
the statement of the affairs of the
Company, that while the losses By fire
are placed at 1914, 65179, the expenses
are reported to be $S4,559.11l That
is, the wandering agents, the well-fed
officers, the highly distinguished
and shrewd Directors, and the ct Get
eras, were more expensive by three
hundred and fifty per cent thanithat
great enemy of Insurance Co1hpa
Fire, Can there be found another
parallel to this in all the histories Of
Insurance Companies in the CONNER
cial world? 1t is not, then, to- pay,
the losses By fires that these levies are.
made and on which suits are brought,
but it is to pay lsalaried, officers and
agents, attorneys and the various
classes of gentry, that hang on to the,
great Sinnissippi Insurance scheme.
And it is for this purpose that Mr.,
WILLIAM E, NIBLAeK and his law
partner have brought suit against the
constituents of our Representative in
Congress- .,.. b,ao4 e, ~ 7.
We have no attack to,make upon the
Company, further than the official re-
cords and figures which it has fled
with the papers accompanying the
suits brought in the courts of the
various counties. Whether it has
just right to make and collect the
levy, we leave. to the Courts, without
arraigning the Company before the
people. Our business is to connect
WILLIAM e. NIBLACKo with the or
ganization asa Director, having cog
nizance of all its proceedings, and as
an attorney, prosecuting the suits in
the Courts, and compelling the people
to pay the, obligations which they
conscientiously and honestly believe to
to have been fraudulently and dishon-l
estly obtained There can be no doubt
of his connection with the pro
ceedings from the beginning to the
end, exactly and truly as we have
stated; and for proof of which we,
refer to the Courts of the various
counties Of the District. d .lorag11
In his Newburg speech and at other
places during this canvass, he has ac-
knoWledged his connection with the
company, and that he salo that its
affairs mere ineffciently and pery badly
managed, and yet with knowledge of
these. facts, he went into the meeting
of the Board of Directors in March,
1866, as we have shown above, and.
assisted in making levy upon limo
| cent policy-holders. and then he and