, 1876-02-25
THE COURTS.
Serious Charges Against tho Mcr~
cantlle Insurance Conn
pnny.

pnny.
The Company Alleged to Be Bankrupt.
and RECOVER Asked For,
More Tux Casos...Record Of Judgments
md New Suits.
r11E MERCANTILE ENDURANCE COMPANY or cut.
cAuU.
A voluminoua bill was flied yesterday IN tho
Circuit Court by Charles @. Ewtnborne against
Tho Mercantile 1nanranco Company OF thta city,
In which tho uhoto history Of tint institution IA
eot out tn full Tho complainant sots out that
he is owner Of certificate for ton slarca Of
fall-ratd-up capital stock Ia tie Company, Of tl,e
Far value Of $1,000. Tho Company WAS orsan-
izod undor speoInI chArtcr tl 1855. aud was MI
thnrizod 10 tako mnrlno fire, or llfo risks, nnd
Tho capital stock was ilxcd ns el00,0o0.
In 1860 nav general insurance Inv waa
paescd, 10 which This Company Goc&mo subject,
which required yeatly reports and tlcciara Hon
Of allegianco to shs Auditor Of State. IN De-
osmber, 1872 Tho President, nt that time john
O1noy, applied 10 tho Auditor for leayo to COM
rly with tho general law. representing that tho
Coupany'a patl-up capital stock was 4167, 600.
Lcave WAS granted, and Commission Of three,
conea!ing OF George ". Smith, J. II. Kellogg.
and E. ". Russell, worc appointed ComntaBonora
10 examine the adairs OF the Company. Thoir
report wae very uufayorablo, they considering
that Tho accuetios wese fnrRely ovarva1ued, and
that tho title to tho lands Was In nearly oyery
caBs dcfoctlvo, boiug derived from tax. selcs.
They therefore decided that the Company had
:. IL, ~ -
ncee III Ibis city.
'yoport to tho Auditor showing D paid-up capital
stock ct 100000. aud reQuaatol another OK
animation. Which. however. was never nade.
Tho Company. however, seems to lnyo gono on
doing busucDs. for III January, 1874. 1t flied It's
1lus, "a regards policy holdars, Of E7i, 790.27,
whlle 1t acknowledged an Impairment OF capital
to the a,nount OF s9l, ,20D.71. In January, 1875
another report was filed allowing gross assots
930056s, and total liabilities 1890, 939. NJ To-
port has boon made for 1876.
+ The complainant thea charges that tho Com
psny Las boon fIautlulently doing buaineBs a,ucs
It uas declared to DO In had condition That it1
el'cors have lcen drawing lntge ehiattes TO Which
the services performed boro no Apptcc!nbe pro-
portiear. Y, n: prewor, tho rfos,dons. draws
J
and ho is irresponsible. Il is also charged that
tho books hayo boen frauiuieutly changed, TINT
Items for reinsurance wcio chargoa ut 16 per
cent when tho compsnY received as pes cent for
such Folustl1pg. hnd TINT tllD uiro1ollce WIS d.
vidcd among the 0f]cerB.
b In tho apEug OF 1916. James Sweet waa ap-
pointed Examiner for the State OF Nebraska,
and examined the .ComEanyB condition. He
elso called on ita o't!con to suowS . deposit Of
&25,000 in some bank, nj required by the State
Of Nebradkn, whcrenpon certificate OF deposit
Of e25GU0 with tho bank Of Levi Wing L Co.
was given him. hwnborno charges that tLore
WAS no such bank o. tint OF Low Wing Il CO.
that tho regular bank Of the Company waa tho
Commercial National, whore Tiers zero no funds
At that timo, nor does complainant think
thote wero any in Wings bank, aud he alleges
TINT tho certificate was tnndo cut to deceive
Sweet. It IL h1so charged that tho Company has
illegally loaned moneyH to itB otloers beyond the
,amount OF theis stock that 1t issued pollcioa
Iwhan in8oIYont; that tho oflcora grossly mis-
represented its condition an thsr reports, ita
asaoa being largely ovoEsated that many OF tho
Lost BY foreclosure Of the prior incnmbrancea.
Tho Company mas ordorod In tho npr'lg OF 1875
TO make up dchcit Of ~ per ceut iu its capital
stock. but It LAS neglected to DO 80,
1so"eas eees sr0 pr ns s 1fan'' msas s2
~ assignment to Mr: McCoy, tho conadouttai
attorney OF ". y. Daboook, tie Secretary. In
this emergency complainant aaxB fot Receiver
to wind up ttB business, lid an injunction 10
prevent it's officers from furthor interfering with
lts Affairs.
uAnrAs coRrCs.
4 petition Has lifol yoste1tay morning In tho
Circuit Court by josaph O'Koefc. who stated
that hs was held by Sheriff Bull, nf NhukuRap,
To tho 18Th OF February, 1876, BONA ono tied a
pair Of skatoa to tho tail OF al Old hurBo belongs
ing to A1r: Burke, fesidiog Ut Lako Forest snl
ho accused o'Keofo Of having douo tho act.
md t1 bfrn T7+@r1en
Of N[r. B.r+o, aaid that ho was going to whip
or challenge O'koafo to tight. On tho 10Th OF
February tho two met A. tho rost-0tiico, and
Burke got blow In tho laoa which knocked him
yonnE Durke dIed from. tho effects Of The blow:
or fEli, or both. UAcefo o.ainn ho had no il.wi'
or malice, and bad no intent OF desire Of in}ur-
tug him.
Tho petition wan taken to Jndgo Williams
who, afteE hoaring tho fao.a Of tho caae, direct,
N the snm Of $4,000. The Judge thought that
O'Keofo did not intend to commit murder, but
that his crtno was onfv granddaughter, As 1t hp-
a1a @ s5s .a s s oKs.s s sa
Gncd in tho Jail tu this county, sa thoEo was no
suitable pilson in Lako County, but he will bo
Eied at WuuAeBuu, wlither tho papers In tho
tse woto ordered to bo gGnt.
MORE TAX BurrB,
Horny J. 6touEcr illod bill yesterday In the
Superior Court representing that hia property In
HAY last wsa only E5d0. but tho Asaeaaor A1ed 1t
It 60 061 aud Eyans now wznta to collect @10l. 90,
10 which Stouflor obi sets,
John Mattocks. tho well. known lawyer, AlBo
succumbed to tho pressure or threata Vt Collect
u EYans, and tlol lila bill yesterday asaesting
hat ho had boon as4oRxeJ ut 1000 On property
worth not over 81 ,G00. TIE Slate Board fnsod
it to 90, $50, and now Evans wants 425i.71.
Perkins i Hto1n llAeriso foel inc!inud to OBJ
fect to paying tar Of $3.50 on ; valuation OF
ka,llo, wL9n thc!r taxable property waa only
f2,GU0.
i pIynnCE9.
Mary A, Manning 1led her petition yesterday
praying for divorce BECAUSE her husband baa
boon guilty OF adultery and crl,alty.
her husband, Francis Harold Stevens, has bssu
unfaithf1l 10 her.
AHalia HolEcher also wAuta to got rid Of
Gharlcs Iiolschor because ho lines h!maelt with
5ho "crooked" and then pounds her.
rTEAH,
The tar cASes como up to-diY before 1Q0RS