, 1874-03-16
THE MUTUAL LIFE
A Notion to Have a Receiver
Appointed.
Abstract Of the Bill of S. E. Sey.
-: nnour.
Prominent Cltfzons Of Springfield Concerned In the
Affair.

Some tirao mo a btu Was fi1oa In tho United
ntatos f,,roult Cart Int a,r,nrossod In order to
got service, s4 by samnol =. Seymour Of Brook.
lyn, N. T., ngainst. the Mutua LILO insurance
Company, Of Chicago, lts stockholders DOM
prislng tho following partions Charles W.
Church. William Aldrich. William q, Grant,
,1a Ml'..au' - ou'o 1,a1.u 1i"3, ~ a"5 n.s,
Moore, George sohnoidor, Merrill Ladu, Charioa
O. p. Holden, olnuncoy N. shlpman, Eltham r.
Paul, Truman w. Miller, George II. Bruce,
Trodcr,o.t r. rrndlnv, Ha,n,,et n. Dal1ov chnrIna
= mai4nn 80 Aan,,da n ~ wo,r nmrdon y .,uD nau
:. ' ,,,,,,,' 1' ' -'A"
uail. william II. uafnan, nitcoln ouools, 1oaso
X. Dubois, David L. Phillips, ozias NJ. Hatch,
Edward L. Baker, David i. Brandt, Potor II.
rah ~ rnva, .1,o,,atpator H. '41 ~ t',a oato,a -;
oohn 10 ApSen' aunn'nlstFatoF OF 'no eashto o1
H. r. AadauoK, deceascd, oafah f. SANFORD, OK
ocutrix Of tho eBtnto Of Charles W. Bhnford DO
ccaBou LnYinih T.. Day aud Fred g. Day, admin
lstrators Of tho cstnto Of 1saao O. Day, deceased,
Morril Lad1, administrator OF tho estate Of
George Church, doceaaod, and Henri, " Hins-
dale also, against the Safety Deposit Life In
Louis Nellie, Joseph sampgon, Il. y. Horton,
e. T. Ireadway and Euwln y. Jowo!l, and aald
Paul aud A. @. Calkine and Stewart Mnrks.
LITTLE HlsToRY
Tho comPiainant ilrat aots up tue formation OF
tho Aiutnal Life INSURANCE company under
spoSial ace in loe5, and an amendment thereto in
1867. Tho safoey Doposlt Life insurance Com.
panY was organlzcu III 1Sb9. on TIC It'll Jay OF
Decemoor. le13, seymour was tue owner OF
safes o. shS oasal aspsk &C. OF % sno 81 Spost pos
o. 20 pof CONT 1no , M sdooK OF tno ~ company n as
that timo WAS $1,000, ooo. on which S1oo, s76 was
palo up. Seymour vas a'so q cIeuleos LOT cue
sum oI S1o,ogO ior sorvlces ,n ss vice ffoa1doht
alld Manager ~ brooklyn. lhe company also
o~eu MN 90, oou on note, y, ~, ~ on IN aocouns
transferred to him, and 93,471Go for cash ad-
yaIoea. AZ tint time tho deposit Company IND
lodged with tho -, treasurer OF tle State OF ILL.,
~ tho aamo date tho affairs OF the Mutual
Lite insurance Company wore cohtrolleu by
board OF managers Known a6 tho EXECUTIVE
Co,nmttoo, composed Of William Aldrlc1, l.. Il.
willard, ". l.. Church, =. y. uolto1, ": IL.
Turner, 2. II. Paul. ". @. Grant, T. ". Miller,
A. G. CalkfnB. and Stewart Marks, who Wcro
rightly to bo chosen annually.
TIE DEPOSIT COMPANY.
Prior to this time. December, 1871, tho man,
agors OF the Mutual INSURANCE Company hsu
frequently suggested to Seymour, and the other
| Stockholders III the Deposit Company, tlat It
Do gee a taG b'gooss vG o
,a,,r IN, 1orGa axnenaau to PISA tho nanos;t Cnm.
,,a',, ~ r. Mt,ni' Thav nIsn r.nrouota1
| that tho Mutual Company was doing large
business, and that Its stock WIS worth moro tAGn
pther f stoobholierra eIonld ~ neii t,eir paid I'm IN
sfonk for Ia carts on Tin dollar. and tako tho
whole paymons IN Mutual Company atock. a
pIetonded report WIS made, showing tho aehe1s
Of the N1utunl to be 9592, i2G17; while ts lnbili~
ties did not exceed including th? amount noces.
s@ary @ to lnsuro an outstanding rlsha, tue sum OF
THE :.rnAssFEn.
, Ro1ying on these assertions and representa-
to1is OF tho ofllcera OF the Mutual Life, Seymour
transferred his 4aV sharca Of stook III The safe-
ty Deposit Company, on Which LIE Ind actually
paid aG1 ,225 casll, to tho bfut1lal Company, mud
received thorefor. SOC, 900 worth Of stock, and
512.50 III caah. Tho claim Of s18 600 for servlcea
aud commissions, .nd tho other dlaimH tor Loans,
etc., woro reduced from $27, ,oi9G0 to 518, DIEGO,
Of which 93, ,473 was paid in cash, 49, ,A73.Go waa
agreed to 10 paid on demand after January, lS1y,
mud the remaining Was iq'liaafea; " thas
amount Of paid-up stock III tho Mutual h1to'
THE onEplrons.
The Executive commtteo, N order to COM
poto this gastronomlo feat OF swallowing tte
Safety Deposit Company; passed tug eut following
resolution Oh tue 4th or December, lafz:
WuERrAa, It is deencd. advisable to increase the
sartsl stock Of .his oon@ny n1s to exceed the ain
Of n aa t. @ ,of .n.s a 20