The New York herald., 1871-02-04
LIFE INSURANCE..

Happy Dclivcrance Of the Policy Holders sl
the Farmers and Mechani ~ Mutual Lilo
Insurance Company-prompt Action Of the
Superintendent and Receiver.
All the facts and connected with the In,
ability Of the Farmers and Mechanics Life Insurance
to meet their Liabilities keep their head above water
and the consequent action Of Superintendent in
Ing the officers Of the company wnd-up" by order Of
the Supreme Court have been fully reported HERALD.
II there set FORTH for the information of the policy
holders and all others CONCERNED, that Judge Bar.
the busne,s Of the company and had the time sp
pointed Mr James H. Coleman receiver OF the
with all the powers in such cases maize and provided.
THE PROCESS EIssURANUE.
s .ss % Z. " Il. % SS
.Slyss, and epaiss.
Coleman after due action In the matter, reports
Upon the entry the January Is took measures
Is required 6y said last order effect the
assets specially spp,cabs to such and the
superintendent Of the
under the head OF asse.s IN his included the
United states bonds &77,762
THIS fund @ in hand; oi said superintendent. wSsrs
was originally deposited BY said company securv
ton compsnie ina. oi the other .ssess
generally applicable to All creditors OF the company,
which have been presented win hardly | pay The
th0
and which little only be much delay witR
snount Of policy liability eA'A ''An' coming IN 20 '"sn me
these circumsances which seem to have been auc
be Of and rspuiso ie comps.
sides. through my counsel and assistants. conferred With.
to and the prooabiss Of
Stunning said business
@ for the !. s s WITH sna
belief
e were not ssSh M would you be safe for any
ance Company made direct proposal. which the
and while would have been more satisfactory mad other
companies made offers yet the undersgue
this for The estate
be obtained o hs ae Sser Of
Farmers and Mechanics Company have
than that Offered By the Empre yet upon
able conditions as to be wholly Inadmissible.h
TRnSs or REissuEANoE
the risks Of the Farmers and Mechancs upon
FustTh Empire will assume the liabilities existing under
any policies IN Force Issued by said company,
continue al policies in force on the 18th
day q oanaay M Of sd company. on the terms and
70 &c sas 70 I'M Inc psSs actually realized from said
the pros
company annexed beg to hani appropriate estimate
es as i T.. condition,
aoove SCI loth put going more Into details was entered
tendent OF the Empire Mutual Life tM
Hilton Scribner behalf OF company, which war
approved and ratified by tho superintendent usual
form, subjoned:-
ISsgRAsor prPAarxxST. ALBANY, NY.
GEORGE W. MILLER, Superintendent
REsUR9AM.
the prompt sction Of superintendent Miller the nrs
place the interests the policy holders OF
Mechanics Life Insurance Company which but weeks
appeared to have been not worth groa amos4
at to-day Mer crlsia uon
the company, which proved the salvation OF the policy
holders who through tho iudi-
cious and abe management OF the receiver Mr. Coleman
We glad 70 announce this In the case OF the
Farmers and Aechanics Mutual Life insurance COmuanv
anc wish en happy deliverance policy holdci
who may DO placed In similar unpleasant Circumstances