The New York herald., 1876-12-30
How 100000 Can Be Raised on a
$4,000 Property.
AN OBLIGING ATTORNEY.
Inside History Of Some of the New Jersey
Mutual Lies Securities.
a HAIR-RAISER FOR POLICY HOLDERS.

the public and cankcring interests OF good life
insurance Ii has insinaalcd that there were frauds
perpe,rated by tins riis ot character gross aud
sweeping that the community would be shocked at
their revelation. Since the suspicious failure OF the
Continental II has been especially urged in these
columns that the transactions Of that
pany and it's evident completely with ,he
New Jersey Mutual Life ought at once to
DO investigated. The former doings of the
managers Of these treated Of and full
account OF the Hope amalgamaton with the New Jcr-
sey Mutual Life was Published. This story suggested
the dishonest procurement and distribution Of funds,
but carefully all these transactions concealed
that impossible the corruption and
add knowledge 10 belief
Al last. however. OF the ring preparations has
been discovered, and to-day complete thereof
gwen The public The story will certainly not allay
The anxiety Of the already troubled insurance public.
DISCOVERING
II was known to few people that certain bogus
mortgages bad three years been obtained from
named Thompson by Daniel j. Noycs. an attorney
for thc insurance ring who has played important
but undemonstrative part in their affairs for number
OF years. The mortgages were stated to be large In
amount and given upon property OF comparatively
littlo value. Tho location of the properly the
made OF the mortgages was not known, though it was
believed that they In The possession OF
insurance company in which Noyes was Interested.
Unrcmitting effort made discover the part.cu-
lars oil the transaction, which have only now become
successful
On Thursday last il reached the cars OF a HERALD
representative that these mortgages were on record
Now Brunswick, the county scat Of Middesex. New
Jersey and he proceeded at once to that locality for
tse purpose OF searching the registers IL shown
by these records that, the 3ls day Of March, 1862
Samuel A. Meekcr conveyed tract Of land OF lo7 2 10
Jersey, to Henry A. jones' OF Brooklyn.
who al one lime was President Of the
Tho consiueration $780, oOO and the deed was re-.
corded April s. 1869. As part consideration for tho
purchase money Henry A. Jones mor'gnaed the same
Meckcr IN two mortgages one Of $4,000 and the other
Of $4,000. The nrst oae OF $40, 600 appears tho
record cancelled August 3, 1914. The second
vas forecloscd by sheriff. executed on August
30, 1873. from John d. Buckalcw, Sheriff, Henry A.
Jones and wife and Samuel A. Mceser to George Z.
CONN.
This property was bought by Daniel J. Noycs in the
name OF George c. Cotn, who at that time was clerk
the above named mortgages IRON Henry A. Jones and
wife as part Of purchase money ne transferred the
trst Of $4,000 to the Mutual BENEFIT Lie Insurance
Company OF Newark on tho 10th OF November, 1869,
and the 22d day OF july 1871. he transferred Tho
Of Newark. who was tho agent OF the
New Jersey Mutual Lfc Insurance Company,
who was attorney for tho New Jersey Mutual at the
iimc, acted attorney the foreclosure proceedings
The consideration which appears in the shcra's deed
Is Sill, $780, with subjcclion to the mortgage OF the
utual BENEFIT for SO O0O and 1t Is upon this prop
erty obtained through shcri's decd worth s2l $50
that all after business is based
On August 30 1873, George G. Coffin apparently got
title property bought at $780, aud on the 10th of
September he decided il to Daniel J. Noyes tor con-
solicitation of $50, 600
This property located Avcnel In the township OF
Woodbridge, in Middcsex county, IN the State of Now
Jersey and the deed from Coffin to Noyes measured
by chains and links, and described as containing
iO7 2lo OF land, which all that was contained
In the original deed from heeker 10 Jones' In his
deed Noycs Coffin cxcepts certain portions which
had formerly been released oy quit claim decd, 10 wit
s. lots Nos ias 40 4s5, 4s6 and 4a7; in block No T.
lots Nos. 377, 37S 379 $780, 3s3 1856, 1851, 3SS, Ala
and as; block No 8 lots Nos sos 3lo 81, 3ia sls
B6s $780, block No s, lots Nos 29s 300 sol. 3o5 800,
so7, sos aa5, 3se ss7, sss ass $40, s4s s44 block
No. o. lot No. 266; block No TO- lot No 446 (no such
number on map in that blockl
EXTRAORDINARY FINANCIERfNG.
On the 1st day OF August 1874, al appears by the
records, Daniel j. Moves ana Caroline K Noyes, hls
wife, decided this same property TO George W. Thomp-
son twho says no never heard OF this dccd Tor $4,000
This property therefore decided TO Thompson by
Noyes aud wiie nearly Two months before Noyes re-
ceived It from Coffin and about month before Mr.
Coffin received his deed from the Sheriff.
on the same day that Thompson obtained his decd
OF this property from Noyes, which q month before
have paid Noycs $4,000 Thompson seems TO have
decided portion OF IT to ohcr persons Tor Sl49 300
re- % er more ss names Of hs o.
they appear upon the records rs having received
this property from Thompson. arc:-Milton B. sher-
OF New York city, $4,000; Louis 5. Fleming, New
York city, $1,000 wnam S. Brinckerhon, New York
city. $4,000; James 4. Graves. New York cty
$4,000; Amcsa g. Shipman, New York city, $40. 600;
David Looney, New York city, $4,000; John W.
spausing Brooklyn, 5000; Jerome BMrumlsy M Brook
S. 500; Alfred l.. Burdctt, Brooklyn S1l coo; Charles
". Robertson, New York .cy, $4,000; Herman $
Simmons. New York city, ST /, 900; Charles r pors.
ahcimer Paterson. y. j., $40, 500; Donald Mcintosh
Brooklyn. $4,000; worthington R. Woods Brooklyn,
$4,000
In these sales according records. Mr.. Thomp-
took back on August l, 1879 as part Of purchase
Of s9j 500
In the course OF one day, this property, which ap-
pears have been sold by the 10 Thompson, by
meas uremcnt OF chains and links, seems TO have
changed It's character and the mortgage taken back
By Thompson the property is described as 'ots" and
rsro THE NEW JERSEY nv1uAL's TREASURY
On the 18th day OF August. 1918, and before Noyes,
through whom Thompson derives the title OF 1t all,
has yet received his titlc Thompson begins 10 assign
shcsa purchase money mortgages 70 the New Jersey
Mutual Ltc Insurance Company and between that and
October nc has assigned them all for $50 900, not
cluding what got for tho mortgage OF wor,hington
Woods. as the consideration, ior that appears blank
upon the records
From the above exsmipaiion OF the records At New
Brunswick, as made by thc HERALD representative u
Company holds mortgages amounting 10 about
xioo. 300 on piccc OF property which was worth IN
1873 not than $50, 900, and which now as Will DO
seen below, is worth, perhaps, S2oO0o Thefc mort
cages were obtained Nvs. very ,,ornoy crea,s0os u
that comnany, who in these varied transactions
appears A. attorney. purchaser, grantee and notary
pubic. The property. pvmpously termed "Avcnel
is on the line 81 the Aniboy Branch of The fcnnsyl
vania Railroad and Is supposed 10 be the name os
station on that road. When be HERALD representa-
tive spoke to persons in New brunswick and Newark
OF .Ayenel he was with blank inquiry as to the
place he sgnincd He was obliged TO Indicate his mean
ing other way but seemed exiraorduary that
no one should have heard OF town" IN wnch prop
erty mortgsged for 81. 900 an acre. The whole
extent vi the fraud became. on examination so rdic.
ulously transparent that Il only remains 10 wohder
why " was not exposed before.
George W. Thompson denies that he had any under
standing OF the ng purpose OF the transactions
In which his name nsures 20 prominently and In proof
OF his position he made the following aiidavis-
TnoxPsoS's AFFIDAVIT.
tVy anil f,,ufg Ne.e fork. ". Thompson
being duly says Il reside No. - south Ninth
street. in the city of Brooklyn married man and
my vile lives with me- am acquainted vita Daniel y
Scyes who attorney ~ dong business At No. III
Broadway. in tins city have acqusintcd with the
said Noyes about five or six and for several o. these