, 1872-11-30
SEEKING INFORMATION,
4 Bankrupt Insurance Company Re-
ctiyi;lg ali 0Terllaulingo
The, Directors of the Commercial Tell
ing What They Know.
Stockho1der Scarce and EEar d
to Find.

caaa Insurance Company took llace before Reg
n'er Hubbard yesterday. Mr. Packard asked
tne questions on behalf Of Jo nathan Abel and
other creditors,
ME. a. sPRUASe e
testified he was stool tholder on the
9th Of October, 1871; Il ED 200 shares,
amounting to 800 each !; had paid
IS cents on the stock. including divi-
dends; the original sum paid i'm WAS 20 cents;
did not buy his stock original ly; the original
subscribers paid 20 per cent, ne thought; the
balance, up to 65 per cent, was credited the
stock, being paid by dividends. did not remem-
Der TINT any dividends were credited on the
stock in 1871 had an impre ssitm dividends we're
credited in 1870; thought they amounted to less
than 20 per cent; at the time of the
ire the Indebtedness on the unpaid STOCK WAS
Evidenced by promissory notes the C, 7mpany
held his notes for about IS per cent OF he un-
paid stock; the Company held his notes for IS
per cent Of 500, 900 his firm sustained loss es by
tho failure in the Company sustained Il o in
dsldual losses the stock VAS held BY him indi-
Tidua1ly, and the notes we're his indiyi aual
notes; the firm did not hold any stock that he
knew of; had IN impression that his partl Ter
held stock; had no impression as to t he
a1nonnt; the notes were surrendered to
~" y the Company; the Secret: Iry
Mr- ray, surrendered the notes to him; that was
DIS recollection they were surrendered abe nt a
year ago last November; they were surrenf Tered
at the Company's of6ce-the temporary Of ice in
.ne state Savings Institution the conside ration
ne gave for the notes was an obligation fo Floss:
the obligation was given for 1oss that SO: ne one
e1se naa claimed; was not hs7swn loF 8 pur-
chased the claim after the certificate Of ,5ehted
ness had~ been issued; had seyers ! claims
notes we're exchanged for the IS eerti6e i6e
Gates Of indebtedneas;. that e,as the
GERS, besides the Secretary, knew NJ +ha A.
change; they made no objection to = 70 a. a.
change was not made especially in nursusnce OF
tween himself and the other Dire etors i:ru and the
officers ct the Company it was u sderstood that
he was to be allowed to make the exchange the
aatiggg afteT TasRot not agTeed At
never been any vote taken aneFt, ON 9fa +
could not tel anything abou 6 the stoch olders;
that Mr. Chapman wss q stocEho1der. thnnrIt
M1. Rag was; had no i'm aression reearf inc The
amounts; could not tel Who e1ss: 1nfrht hayo an
eoad net aa9 snas o f sot hoder
impression that Jr,an c. Dore vas; CO MD not
say me amount; a95; nsht have an Impress ion, but
IMPRESSIONS s. t ola t !ot amount to much; ad seen
om eon % nat sht eH ,ck mites since the re saw his
o"n' tms1t :, ave sen some others: thought
~. ~. s1a 10y, re SECRETARY, held them after
h1 tGe nfe mere than one note was surrer dered to
e ne .n.ught; did not think they ere ordi-
Ha1s pronassory notss; they were ordiu ary notes
tt tps s:oeki thought lie had de stroyt ID them
thought they Eers no. in his offie yef for all he
i:.,; iznew; was V;ce President Of the COMPANY;
sne" OF ths t-ansfer Of other stock notes to
other parties, and did not object !; did not know
how much the Company had or ertiravn its ac-
count at tie First National Bank :: did not know
OF the ten 81, ,0t0 bonds secured by a trust deed
tor IL. real estste Of the Comp nv: lad heard
OF the atlst deed securing the ! $4,000; did not
Know Wfaa the Losses Of the c. smpauy were at
Ihe time; did not know Of the transactions WITH
1he t1rs National Bank; did nj Il know who con-
Quoted Ne transaction ; he ha6 81 500 or 81, 700
OF mons assets Of the Com nsny: received it
from apther Company in Ehic t the Commercial
had lnared received it four Or fve months
1eie poey S900e cold 92 ere % thf s claim T1s ths
amount I: might have been a. .a5 ooo 90 po1icv w
tnou9hhe accepted 1t as a fu L settlement: laid
oat pa1p1 tue S5:Uoo to pay rent Of Office, and
policies he'd not paid him anything for eome
him slo1r $500: had paidl i'm ofr,ar Sums be-
fore; pai'2notter 1San for rtint. d the books
and huntsg UP papers AMI oIciea nt the Com
pany his'ame vas st Folsom; 90 did mot know how
bad re-innred 5he Garden City; did. not know
how mucl thai Company claimed on its policy
OF relnsuance di9 Eot snow the amou mt Of the
god1cy & OF Eanel @ o not know it was million; d;
the So, ,000for .ef,ts Incurred before the fire. dld
not knox q az Hartford company in III uch the
Commercial I'D policy; had az imI PRESTON |
there wes so1e:hi,aE in Tie ANDES On tht build
. ing; ha3 GOD. talk with an attorney as4 o what |
sholid be dine to collect the .rnoun1 Of the |
Andss pohG 1new positively of 20 othe Assets |
ofeae COMPANY but the 81 GOO a his hands, /
zueEs ;lera wae eome other poll cics OF which
ne was not co;nzent; the cert iHcaRa Of in
debtedness nigh, have been issued the same 1ay
tne notes vera Surrendered; could pot say they
we're ISSUED tie Sine day; presum ed the Secre-
ta<y 1ssred the certificates; the Sec .etary signed
ihem did not kno" Of any other OF Eeer's sigma
tare being on them; his firm had q claim of
ABOUT s., 600 against the company.
.a JEFFERSON FARMER
a5 slea ~ that that he WIS IN the insurance business;
October, 1915 resgnne eQanssa M after nie af3
Commercial on Oct. i, ,l8Ii. sta!s 81 IN tha
Office few days to initiats the nav aaora+orr 49,
the Secretary had nominal charge ~ aYa hnnl55,
the bookkeeper looked alter tRem most: The |
record books and some Of the eyDirat icu books
he had seen since the fire cn the West Side his
impression Was that the stock book ": v burned
IN the IRE; he kept the stock book in hi drawer,
not in the Rafe; the stock book was is stock
Ledger ,l no other book showed the snea Of
stoeEa he &fa ept hf that anoa1t Soof sa5 s
certificate book in his private desk:. the
nseers never objected to his keeping the bon, Is
F. F. TsswsSy.;; It Tia% i B Kins &; spraancs
G.1 Y: nore, J: E: Chapman, O. r. Keith, D. 4.
4enton wels Directors at the time of the fire.:
: mere vas "a 1st e about 50 or 70 stockh,oldera
20 :! ne & nI9 and @ 81 not know much about them;
- 5 G9ts5le a,s9its wal;an TUNER, Z. B. sdway, q
McRSha Rsfee : chrto5s3 Sj a. Jsfk 9. J. Gilbert "
md b. Es sod out ther 6stohsn Sta hsne two others
Taessz ~ j. aot eess ss a5aatI n l. - dr.
to naale any others who wc1a 1asapot S9 9ndertake
edss those On the list presentea1no 9vitnass
would not Ike t. toswear "a amount
Of stock held 6y sReh stockholder has M hest 7
had could not til the amount Of his apIaa! tt
believed Do:o hae in the neighborhood e 11e ~
shares. on which 6s per cent had been credted G
only 65 per cent had been credited ON the Sal,
up to the time Of tbs fire, and the balance Of *
per cert WAS evidenced by promiseory notas e
hel1 As shares himself at the tina ~ Z
*,aa fra: the CQmnauE held hia 1a.o- | Q