The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-03-20
THE COLUMBIAN INSURANCE COMPANY.
Application for q Change OF Receivers
Ahidavits OF Joseph Morrison, Late
President OF tho Company, and Others.
Sc.


President OF tho Company. and Others.
Sc.
SUPREME COURT CHAMBERS
Before Judge G. q. Barnard.
March 19.-in the matter Of the Receiuaship Of he Co.
lunidn Insurance Compony-The troubles arising of
the failure Of this company were again up before the
court to-day application for the removal of the
present receivers Mr. Joseph Morrison and Mr. B. Lef-
1ngwell.
Mr. Larocque appeared for the motion, and Mr. Dudley
Field and Mr.. Whitney to oppose. Afidsvits Of stock
holders and creditors read by Mr. Larocque favor
Of his motion, OF which were from Boston parties
interested In the company The gentleman concluded
BY stating that he was requested 10 name Mr.. Frank
Work for the position Of Receiver.
Mr. Dudley Field followed In opposition, and stated
sary TO appoint an additional receiver as Mr. Lengwe
entirely competent TO transact the business alone
He read several adayits from stockholders representing
large amount Of interest In the company In support
Of his argument Among those he also read the
AFFIDAVIT MORRISON
@ ::S % for n. e. S ss od sas
bsn Company at Boston, and
ssI ssss
S"rr: having Sssoms 1so% acting N
/, wa; sSSosy qrssa n s;ss and aScSfs
Snsns I" sceep repssisdy dscnsd verbally and IN
Sr .as sS Il. assns sc
pany large 0hsrs being about forty clerks here
s S y Ia ss
s .ns % *. p p.
.. report 70 the bsf:s.
had s % so e 4. that
that would under the law. nscss;s.s the forfeiture Of the
protect n a. soon a. this became Informed such
sss @ ss :sS .ssis At
pany ip5 liquidation made BY o. the largest
ssy ' On pam
ccissr A! sSs court s'' sui. the ..ossoldsr.
s .pp Mr. Lsnsws and myself rscsss the latter
with
than they considered that familiarity with the bust
w'aains up AFFAIR." .fsr.srS. friend: urged upsa
.S" %SS On $ e %y
$ $ %s s%s Ss mr.
The public to continue business upon the slender capital
: sa Pr 's S ssS ::
%sfsgs "a:
made the day The board voted cease
is j.. nssS Isssse IL such q
lie petition public meeting s.:ssss person.:
.s:siSSos pissed y parsons isprsssStss but
2, sns cry sss an
meeting o creditors took place which the
as!asnd declared January What termed an a,.rss
dividend which Is required by the charter being mt the
Of cent year on the capital and made
any s a q IT, the affair. q The com
Ignorance Of subscQuenuy developed com
would 20 on and was IN fair condition few days be-
fore ts failure above stated the failure owing
the extraordinary losses for the past David Ogden
q: ' he ns S'a Is
1f the e avs Of a y n I'M
which declined when came Into prcsidency renew
III the matter Resulting in my compelling him TO pay his
note TO the company and returning his stock the charges
Of fraud against In connection with the Morris FIRE
OF Superintendent Barnes wherein u IL intmaed that
took from " assets OF that company szi,u OF
procure loan Of ssl 90 OF bonds for Few days
upon pledge OF the companys stock, which the company
another director and went Boston spend the holiday.
the loan on The soth December, and returned q
matter sss stock In that company and never
one dollar BY buying selling Its stock tho persons who
sgn he schedule. annefei are respectively
spcctiye names and am familiar with many OF
the signatures 70 schedules G, and n. and verify
creditors whose names appended the petition of the
applicants all residents or Boston and them
whose claims depenent has disputed which
counts for their hostility TO h and that thy Of
them the parties who united In the meeting appointing
the committee whose resolution sPP,nse,sd uoyp,sox
Sworn, March 49, 1866 before me
GEDNBY w. COOPER, Commissioner OF Deeds.
Mr. whitney read aidavts from Boston ockholders
In support of Mr. Lcningwcll when Judge Barnard adj.
ourned further argument In the case until twelve o'clock