The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1874-07-31
THE INSURANCE DEFAULT.
WHAT HAS BECOME OF s1AR-
MlsON PRnNDaE.
contradictory statements Regards
ing His liabilttIcs.

contradictory statements Regards
ing rais Liabilities.
The alleged defacation of Harrison Prin-
die, agent of the Atlantic and Pacific in
surance company of Chicago, and the Peo-
pies insurance company of Philadelphia,
created quite ilutter among certain class
of insurance men in New York, and Prin-
dies Office, at No. 176 Broadway, was
crowded by agents from the west and
SOUTH all of them interested more or less
in the capture of Mr.. Prindle. Mr.. A. S.
Peck related again the circumstances pre-
ceding the flight of the agent and which
led TO the inquiry having been set afoot by
the Atlantic and Pacific office in Chicago
touching its agents operations in New
York. He told how Mr. Prindle had owed
in the early par of the month, about ST.
900, the payment Of which he deferred in
such peculiar manner as to induce the
company to send him, Mr.. Peck, to New
York to look into Prindes accounts and
bring about settlement. The Chicago
fire somewhat crippled the movements of
Mr.. Peck. who thought it wiser to await
the proper announcement Of his companys
condition IN Chicago before issuing notices
to the sub-ageDts Of the eastern department
to transact no more business with Prndle
until his affairs had been Strengthened,
and his acCoJnls with the company
made right. Prior to this Mr.. Peck had
demanded Of Prindle the payment of S,4,-
900, the amount to which the old debt of
s. 800 had increased in a few weeks Mr..
Prindlc dcmurred, and had not paid nor
even made detailed statement OF his husi-
ness transactions TO Mr. Peck UP to last
Tuesday nigh, wien he promised again to
furnish one. Since that time Mr. Peck had
not seen HIM, and ul Saturday, lcaiiug that
all was not right, he attempted to obtain Il
warrant for Prindles arrest, bVt failed. his
counsel informing Inn that it was too late
in the day to find Judge who could issue
one Prindlc then Guided his grasp. and on
Monday was said to have gone 10 Europe
in the steamer City Of Chester Nr, much
faith is now put in This rspar People are
more inclined to believe lhai the defaultng
agent is in The country. Mr. Peck said he
could not see why the man should have
! fed, as he had little to fear. lie only owed
the Atlantic and Pacific company $3.50.
which lie would not have found much diff
fculiy in raising. The other persons, who
were at 13G Broadway yesterday, took diff
ferent views of the matter Mr. lIclmbold,
adjuster of the Peoples company, PhiM-
delphia, thought that Mr.. Prindle had very
good reasons for leaving. In the first place,
according to the statement Of the secre-
tary, Mr. Hind, he owed that company
over $50, 900. This Mr.. Burns, Prindle's
bool-keeper. fatty denied, asserting that
the company owes Prindle about $50, 900
for cash paid him on its account in the
Eastern Department All sorts of contra
dictory rumors concerning the mans in
dcbtedness were in circulation, and many
of them were contradicted point blank in
the Office yesterday. Mr.. Douay, vice
president of the Central Insurance Com
pany, OF Philadelphia, which was said to
be Mr.. Prindlc's creditor to about $1,000,
told reporter that he did not owe dollar.
Indeed Mr. Douay felt certain that there
was nothing outstanding between them.
1t appears that the absent agent, besides
being agent of the Atlantic and Pacific In
surance Company, of Chicago, did business
in New York for the Mercantile Insurance
Company, Of Chicago; the Peoples OF
Philadelphia; the Fire and Marine and tho
Citizens Fire, Of Wheeling, Va. and the
Central of Philadelphia. Nearly all OF
these were illegally transacting business in
this state, not being entered here. 1t is
claimed by the friends of Prindle that his
operations tor the companies were all
authorized Ivy item. The companies claim
that he generally acted on his own respon.
sbility. Mr.. Douay says that the Central
Company, finding his operation illegal, can.
celed the policies which he had obtained
and SO prevented his being anything in its
debt.