New-York tribune., 1873-07-30
(signed)
7" II, +. NOURSE,
4" WILLIAM HILTON,

"Committee."
And in memorial dressed to the Legislature by the
Board during the past session. relative to the same and
other charges which the subject OF investigation by
committee of that body the Trustees used the follow
ing language:
"That the Company has been managed with integrity
is evidenced by the fact that not dollar OF the vast
sums Entrusted to has been lost by the dishonesty
or incompetency OF any officer Of the Company having
charge OF the same, result unparalleled We believe in
any trust OF equal duration and magnitude.
"That the Company has been managed with economy
Is proven by the fact that similar institution has con-
sumed in working expenses small proportion Of its
receipts or saved for its polcyLoders large returns
out Of their deposits.
"That the Company has been managed with efficiency
is shown by the fact that its growth has been without
any precedent, and is the largest Life Assurance
Corporation in the world well the amount held in
trust by 1t in the number OF its members and the
amounts assured to their families upon their death.
"That the Company has obtained this success by
Gnng It's attention closely its business by rgdy
avoiding all participation political affairs and in party
STRIFE aud by refraining from all attacks upon or war
fare against other corporations.
"Tnat notwithstanding these facts, the Company has
been subjected for tho last six years. TO repeated at
tacks which the integrity, economy and efficiency OF
its management the moral character and aithfunes OF
its officers and trustees and the candor and trlthfuness
of its statements and reports have been impeached
"That charges made by these assaants have been
repeated the form from time to time for the past
six years, and diligently inquired into by the
Board OF Trustees prior year 1870 and that they
found in them nothing TO impair their confidence In their
ocers that early in the year 1870 these charges were
formally submitted To the State Department OF Insu
rance were investigated by the Department, with the
Jealous aid OF the chief himself in session of
six weeks during which the books records and officers
and clerks OF the Company fully examined as 10
each OF said charges that all the evidence obtained was
reported full by the superintendent of Insurance to
the Legislature OF the state OF NewYOrk with his con
cusions and differences, completely exoneratng the
Company and its officers from every charge Of bad faith
or maladm inlstraon, and reairming the fullest
ndence In the integrity and capacity Of its management
That charges have been repeatedly brought
by the same before the policy OF the
Company in various cities. and have either been dis
cussed and satisfactorily explained at once or commit
tees OF investigation have been appointed inquire
into the facts that in every such instance all possible
facilities determining the whole and exact truth have
been afforded the policy their committees
by the Company and its officers, and that In eyesy IN
stance the conclusion reached by the policy
reported to them by their has been entirely
favorable on all grounds 10 the management OF the
Company.
"That the Trustees OF this Company have always
fully watched its management as vast and pre-
cous trust in their hands and that upon eyory occa
sion IN which doubt has appeared as to the proprety
OF the OF s officers the Board have lent ready ear
to objections and complaints and in the interest Of the
polio holders whom they represent, have carefully in
yestlgaed each of them in turn upon its own merits.
Tnat the persistence OF the assaants OF the Company
IN repeating their attacks and endeayorng 20 prejudice
the public mind against by the repetition Of them after
40 many aud complete re'utaions, evinces state of
inl w A2s.ie. ls " al malicious, toward The Com