, 1873-08-28


rlonce, and responsibility not exceeded by those |
Of tho second oErloor OF any company-marino,
fze or lifo-in tho country" But notwithstand-
Ing tho refusal by tho Board to permit him to
employ hss l" loiaure in tho Boryico OF othor
companies, md Lis subsequent description Of
tho nnturo OF his duties as 10 engrosBlng as to
lcavo him no loisure. II they wore properly pcr"
formed, It was aBcortained and, whom pressed
by tho Committee, admitted by Mr. Homane
that. whilo In tho pay and presumably in tho e1-
elusive service OF this Company, he lad hctod
rs Consulting Actulry for paY for tho following
companies:
Universal Lifo Insurance Company.
Washington Lifo Insurance Company.
Widows' and 0rphana' Benefit Life insurance
Company.
National Life Insurance Company Of tho United
gtatos.
Standard Lifo Insurance Company.
Equitable Lilo Assurance Society Of tho United
statos.
Massachusetts Mutual Life Insuranco Com
| pany.
Nov York Lifo InBurnnco Company.
Homo Lifo Insurance Company OF Brooklyn,
and for some Of these companies ho was eu-
ployed on regular annual salary.
| For but ono Of these companies had tho Doard
| ovor granted l1r. uomanB permission to net.
! II tleeo tacts do not provo duplioity, insub-
| ordination, and unfaithfulnoss. do not undos-
| stand the meaning Of tho wordB. Mr. Humans
| assertion tl,at ho WAS " unfaithfu1 to the Com
| paty uovor," arc on par for voracity, With tho
calumniea which mako up tho greater part Of hiH
| card.
] Tho President Of tho Company also nddrossed
] a letter to tho Committee charging, in sub
% &tx~n 1f,u
above alluded to was secret, In known aud will
| ful defiance OF the express action OF tho Board
] which had yoara before refused Mr. HomanB per-
mission 30 to act when solicited by him, aud In
! iyrious to tho intorests Of tho Company that
blr. Homana vas illo ind inattontivo to his
duties, devoted to pleasure and soltish pursuits
and spcculations that his sympathios were
actively with tlloBo WHO had alrcady begun
to harass aud annoy tho Company; that he WIS
| deficient In akll, learning, And tact, dislngenu-
| oug and unreliable. Mr. Winston gave many
specifications, and concluded his lctter as fol
lows:
"1t may bo asked, II ali theso grievances bayo
existed 40 long, why nro no now for the first
timo apprised Of thom7 Unhappiy, my want Of
confidence III the Actuaryfor somo timo post. has
| beeu no secret. Efforts to hnrtnonlZo inorcagng
difficulties havo boon repeatedly nlado. Roluct-
anco to iniuro the pccuniary md professional
prospects of au aaHociate, unleaa under tho over
powering pressure Of q seuso OF duty, has beon
constantly operative to prevont exposure. Self
roRpoct, had 1 no other reason, has led mo to re-
frain from privately visiting our Trustees, to in
still my own viewB into their minds, and to
undermine their confidence In ono with whom
was officially connected.
mo porsonal considerations, or anything loss
potential than poril to tho interests and pros
perity of this Company, would havo led mo to
tako tho unwelcome measure OF writing thrs
of a fellow-oficor. Thoso and kindred rcasonf
have led mo to refrain from official action til
moved thoteto by my positive convictions o.
duty.
.nIn conclusion. haye to say that 1t is my Do
, lborato 3ulgmopt tint hlr. Homann' iptorea&s
| aud foolings aro alIenated from tho Company
! and the proscnt management to auch an exton
as to mako it impossible that he Should agair
work in harmony With other.
, "Very respectfully your obedont servant,
= IT. 8. W1Nsrost, President"
The Committee had this matter in charge TO-
> about thirty days. They met OIL Jan. II, 1871
adjourned to Tuesday, Jan. II, aud on Wednos
day, Jan. IS, whon tho Honr:, met, Mr.. HomanB
by adyies Of tho Committee, sent in his rcHigna
: ton.
J. Wiling to extend overy consideration to llr
n HomanB which could With proprioty bo shown, Il
WOW Of his long connection with tho Company
Il atempornry arrangement waa made to tho chi
- That hc might be enabled to build up q now bus
l. mess for himself, and his professional roputa
a tion might not bo irrctrievably damaged. FL
was appointed Consulting Actuary during th
!, pleasure Of tho Board, at ha}f his previous sal
), agy. No service layiug been required OF him Il
j. TINT capacity, and thero bolug no prospect OF hi
3. services being ever again required, ho wa
; dropped as above stated,
, Mr. I1omans now depends for professional en,
+. ! ployment Oh the good will Of companies. SOM
Of which aro ae.i7o competitors Of tho Mutuu
!. Life, aud ono at least actively hostile. Ho In
made common cause with tho enomies OF tho IL
Btitution which took him, d nero lad, into 1t
q aoryice, elevated linn by succosslyo degrees to
position Of high trust, remuneration and homo
: but. which, although forced to ronoyo him b
rcauon OF his own misconduct still treatoa lit
with q dogreo Of consideration aud hboralit
# whicl, Ills subsequent acts prove to hhve bee
n ill-bostowel. Alr. Elizur Wright ruahcR aahl
j. to hia dofonBet and, by tho reiteratlon OF
charge al falao as it is base, compola tho revol
1t ton Of history which otherwise might have n
j. mainod hidden undor tho cover Of goner
denial.
ID Mr, Wright aHks "Who Pays" for tho pub
l. cation Of facts necessary to dsabuac tho publ
u mind of hlr. Hon,ans grouldlcas slandors7
70 ucard" md Mr. Wright'a lotter arc "golr
Ia through tho loading nowspapera from ono q
Of tho country to tho othor." Tho queatit
10 arises, "Wlo Pays" for thoso7 Docs any /
|u tolligont person suppose that Mr. Hornan el
Of Alr. Wright pay this exponso from tholr OF
pockets? Irepeat h1r. Wr'ght's captson-W "
It, pnya3 Respectfully. JouN. IL. HruAH7
Mt New York, Aug 81, 1879. 'gooretary.
ia
no From tbs Boson Daily Adtertlstr.
O. Having publinhe0 in our ooiunnn tho Stat
to mont Of Alr. Sheppard IIomaus, somo time Ac
uary of the New York Mutual Lifo Insurau
he Company Of New York, aud tho letter
n. Mr, Elizur Wright boariug thoroon,
D. thoy respectively appeared In tho som
In. what loatol controversy With the Office