, 1873-06-15
WHERE THE ASSETS WENT.

The PTG81denG OF IA6 0A0AA1ARA ~VAAA"
mcrcial Insurance Company Ex.
platns.-The Directors Gave Eatm Re-
assurances in Other Companies t1
Cancel His Cluims Agai11t the Com.
nerctn1s
The city press, in order not to hamper undu1J
the hands OF the Assignee Of the Commercial
Insurance Company in his efforts to discover
what has become Of the assets Of the Com
pany, that have so mysteriouHly disappeared. have
refrained from reporting the evidence Of the
various officers, as it has been taken. Sufficient
time, however, has elapsed to justify the publ
cation OF the evidence OF William '. Kay, Presi-
dent at the time OF tho fire, which WAS taken On
the 9Th inst.
The carly part OF the examination was taken
up in eciting particulars Of the policies effected
in the Company by the witness, who said he had
one for 5000 On his house on Michigan avenue;
one for st, 600 on house and barn at Lake
Forest, and that Hayden d Kay had one fol-
s20,00 in which he Was interested.
From this point part of tho examination ii
worth giving in full. The witness WAS asked il
there were any policies not mentioned.
Al think that's all. We did have something
On some carriages stored on State street. have
forgotten the amount.
Q.-Dd you make proofs Of loss against the
Commercial Insurance Company on tho policies
Al made proof of loss for IS 900. proved
up part Of the Hayden L Kay policy, and took q
certificate for it. That was sufficient to cover
my indebtedness to the Company,
Q.-You proved up part Of that policy7 A.
Yes sir.
Q-And took certidcate7 A.-And took =
Certificate which certificate surrendered to the
Company for my note.
Q--Why did you not prove up tho whole OF
the claim OF Hayden d Kay against the Com
mercial Insurance Company A--Because
from it, leaving 5000.
Q.-The reinsurance WAS made by the Com
merciM Insurance Company, Waa it not? A.
Tho reinsurance was msde for the benefit Of the
Commercial Insurance Company-for the bene-
OH what companies2 Al do not remam-
ber.
Q.-How many companies Was tho re-in-
surance in7 A.-Three.
~ Q.-Did you collect the reinsuranee7 A
Yes, air. I collected what ne could OF it. Some
OF them paid 20 cents, and believe the others
paid Is centa after the fire. Part OF them,
think, we're Hartford companies.
Q.-Do you recollect any OF the companies7
Al do not.
Q.-Would your books show7 A.-Yes, sir.
Witness next said the companies we're poor
ones that he would furnish 4 statement Of the
Bums received to the Register, that he got the
reinsurance policies from Ar. Fay, the Score
Larry auA tuht BULL pJAlE4ae H9Ao @ao4hAoA ~
Hayden kay by &lr. Fay.
He did not know by. whose suthority the in
terest of the company in the reinsurances we're
assigned to Hayden Z KAy, BY Mr., Fay, but
assumed that it Was done by authority OF the
company,-but he was not aware Of any meet
ing Of Directors ct Which M sny gush sathoTity
Questioned as to his reco1lections on this
point, no said the policies we're handed to him
BY Mr- Chapman, in the presence OF the other
Directors, at the Office On West Washington
street, and then assigned by Mr. Fay, and there
fore be supposed it must have been With the
knowledge aud consent Of the Directors. It was
at d formal meeting. He could not remember
whether any resolutions we're passed. Tho date
Of said meeting was about week after the fire,
just after they opened their office on Waahing-
ton street. It was held Is soon as they got the
aafe out Of the vault He thought all tho COM
into bankruptcy The companies wero wound
up, and he took anything he could get for the
rcinHurauces. =.