, 1873-01-22
:; WANT TO VINO UP.
The Creditors of tho National lnsur-:
ance Company Trying 10 ~.
Get Their Pay.
They Ask the Appointment
80 Of a Receiver to Settle
Its Affairs, ",:, .
Charges Of Dishonesty Preferred
Against the Officers.

Arainst the Officers.
:
An insurance case Involving some important
law points, together With 4ortoua Toheot'ona
upon tho conduct Of parties to the suit. came up
boforo Judge WilllAus, on the Chhncory side OF
the Circuit Court, yesterday morning. a bal! Ia
flied BY 1saao p. Coates against the stook and
Mutual Insurance Company, and tho Chamber
OF Commerce and others Against the Nauonal
Insurance Company, praying the Uonft 20 ap-
point Receiver to Wind up the ane'fs OK tnobe
dofunct corporations. Ibe planEns wore fopee-
nonted BY ". q: aonuy ana aoor8e a. snutela.'
and the defendants BY H. W. ETans. Al COUNSEL
:. AT11DAVf7s.
From tho afRdavtts OF Isaac r Coates,
George e.. Rozst, Charles L. Woodman: and
.na n1rt,,,1 1n,r.:roa tIoms.nv WAS Organized
apu Ma"'uat 4as'uause -. o.oo nm 49,.
In looo' with - oaplsal ntooh oa saoo,oov snas,
In January, l87o, itooaaed 20 exist as q corpora.
tn ontntendnn poltcion into tbs National In
r.noo nomnnnys ;wlIto, continued to do b,ai-
r,'.s ,,,tt, nfnv. 1a7o. vhon ,t ,io,,naa ,aanino
nons aa.a -ss,s.E;.s 49,, t., r. o,.." ~.
poleies' and foinaofoaits lleke IN tno s.e.o n
tho Stock. nnd. Mutual and National insurance
Compantos. policies OF INSURANCE tas yot unpaid,
unon nronariy destroyod by tho fire Of Ootober s
% ~ ,o1, 81, !. =. fos ~ .,,,,,,,.e - no,,ea,
anu y, lo'A' Anu lt 10 1ot 'no pufpose o. coneos-
lug tho amounts OF :theso policies out
OF tho remaining assets that they move for
tho appointment OF q Receiver. In ono
or moro Of tho aiaavits It is sat forth that, soon
y. r.- ~. 1,.4..1 ,,....,- ,-s.:.H;;,.sN - 49,
ai1ef ING Na''onal olsoon.lnuea Issuing Ponc'es'
and relnHurou it8 ffaK8 IN Inc state. Alr. >. N.
Barker WAS appointed Secretary OF the National.
and Trustee Of its assota that whom proofs Of
loss Helo nou. anu Aeoa.4on was 'nauo lor the
payment OF the poncios oae oI tne 1unos remain"
ing In the hands Of Barker, that gentleman
agreed that tho claims should bo paid at once,
thom, but invariably put il on on aomo prote1t
or othor. until tho claimants bocamo convinced
w., 1o IA MT ,ntana 10 sott,a ,v,tf tho,o mn
" W., ~" on n roS no,nan rot ~ ~
o. sno, Mt;ana nea neno ~ ~, .ho
an tat thn ocoa os,o, m
a!s9 f"'o ~ nosn 1 -. aa "s 49, .a 1uS ~ ~
Pa'o - Aun ntu ~ oAs1i I1s ~ ~. i~.ou ~
heo 1 t', ola;na Ga55,;n ia raannn"
g consqsr . ;ao tt''ns ols us T.;
n1i5y o1dy a. fl9saaon'' - an; na1 11s ~
hs,ar Su mr os sasratarv ~ tSa Eationn anha
laatonte' o. euelvy, q a4ut te nau
70 Tue o q tho as ad a.
e"uin 10y ~ lao - CIV ~
toS' - ~ oan,,,'t ~ "a non snI th,t oi,
saaan, ~ .g 11 Fa,Iar.hsa te rona,rar ~ tho
eequensY Mr. npaianspee, te ~, lloa5ules M " .ng
nao n1s in1 .1r :. H1s a1,. " ~,
poslI Il. n'H aau nau ~ ~
N".tna s0,o ,e.,, s,a1;oaa etnnrnto zoo I'M
Na'iona1 upon po1io.cs alnoun.i1B ~ $x1,ogo.
~ pefs u mt1on LAC beem paa aud wv Mo tto
Getol tnat tn9 Ptoeoat y, ~ sus
company 1a enaeaYolang 20 avolo .ne Paylael't VI
these 1ust cnin15, tno plaln1,ns psny 1of Viz up
po'htaaon' oA rev aece.s1a rs.,x ~ % s.n o'1As'
~: ~ stus ,o.
o. tue controversy la SCI iorth IN Tar1oug alhaa
VIE. m WHICH !t III astphSa .uas D. y: nasaGT WY
etoGteu egclutuy " rne osUJA s'ia H.. t4a 1a7n
Natlohal !hsuIaac9 Uonpaaea ~ htay, ioso,
uus.Hp " miAS.a eAe!.Aua ne Na3 ,earf,, ~
tAs ,"hnu h'.a r. axc1,nad - ,cra6 1;anpnrf sn1
saa nul nn r,isca tha no;cea un,y haiJ
hv lin mnnv Of which hp has aiuittod
cont him sus Ia conta On tho dollar that the
suflloiont to meot all legal claims, Whenever tie
amount of those claims shall bo ascortained.
and TINT 1t is tho purposo OF, tho Directors to
make an assessment upon tho stock notes md
- ., ARGUMENTS or counBE1.
Mr. Bhufeldt, In opening tho argument for the
plaintiffs, referred to tho position taken by tho
other side, that bill in chancery could not bo
proceeded to cite various autioritios to show
that this ruo did not apply to creditors OF m in
corporation holding q trust fund.
1ir. Evans took tic ground that no cause had
because Tho deisndants show % wl.ers Ia md n whoso
hands the aasots arc. Tho money roferred to
had been used iu tie 1apitirnsto businnss Of tho
Company, but enough Of assets remalued to
matoly collecting their claims, It wns not pre-
tendfd .a tue trnns nna was u dange Or
sna. sdo noiass was tne ana tnosotoIe no
snant ~ uaco;var Tbara ha1 VT hoan ahnvn
nn";t. ala t.ro,,ao .,,ic;ant ~ rserrant +ha n.
tndrfara,.oae g. - tE.. rnm-t ~ Wv 49,
seAAoAo~e - .rn,n,ru.c ~ ,,o oonnv
Mr. nonaH ~ r.,v VI ,lnned a, d tnt notb,no ra.