, 1876-07-03
TEE COURTS.
The Affairs of the Globe lnsur-
ance Company.
The Danyille Acknowledgements and
New Suits-.-Bankruptcy
Business.


tions were made to have this decree set aside,
one being BY Frank Il. Fol1ansbee, Receiver Of
the Mercantile Insurance Company, aud
| the other by Robert E. jenkins,
Receiver If the case OF Hart ct al vs. The
Globe Insurance Company. Mr.. Follansbee, in
his petition, sets up his appointment as Receiver
OF the Mercantile Insurance Company, aud that
he had opposed the appointment Of Rerciyer
in the present suit He also states that he, Us
such Receiver, filed hill against the Globe and
Fircman's Insurance Companies and George F.
Harding, charging that the Globe Company
agreed to rensurc it's risks with the Mercantile
| Company for S10,3 300, Of which $500 was in
cash, the remainder in u note for $1,000
secured BY notes and mortgages
Of the value OF 500 deposited on collaterals.
This contract WAS made on the suppositiOn that
| George F. Harding, q perfectly responsible man,
vas President OF the Glohe Insurance Company.
The latter Company. however, subsequently de-
! liyered these securities to Harding.
| In the Bradncr, Smith d Co. bill, no
| process was serred on Follansbee as Receiver OF
| the Mercantile Insurance Company, although
! he WIS so much interested, but the plealiugs
were made up between the parties, reference
had by agreement to George Willard, Mister in
] Chanccry, testimony taken without Follausbcc's
knowledge, and decree entered In favor Of
! Bradner, Smith s. Co. and George F. Harding.
Atr. Fol1anSbec now asks to have this claim set
aside because it finds in favor of Harding for
large sum- and directs u sale OF the very securi-
ties owned by the Mercantile Insurance Com
pany to ply such claim. The bill, Folansbce
cllargcs, was fraudulently dismissed, rs to him,
50 as to cut oif his rights. Hc also alleges that
without the security Of d Judgment, and not en-
titled to invoke the aid Ut 4 court of equity TO
enforce their claim, but should have sued in
court Of law. Harding is also charged with no.
tice of the Mercantile Insurance Conpany's
claims, and it is ayerred that he acted
as hc lid SO as to get possession Of the assets
above named aud sell them before the Mercantile
Company could have time to enforce its rights.
It is therefore asked that the decree be set
aside, aud nll parties reunited to the suit By the
Mercantile insurance Company for the enforce
n,cnt Of their rights
r. E. Jenkins, lis Receiver Of the Globe In
surance Company, under the appointment Of
Judge Blodgett, also filed q petition setting out
nearly the same facts and asking for the same
THE CHICAGO, DASy1II.n I. yEcENsEs RAIL-
ROAD.
Judge Drummond was occupied Saturday
morning IL hearing motion Tor further time to
take proof in the eases OF Osgooa snd Fosdick &
Railroad Company The Judge refused to grant
the application on the ground that the defend.
ants who asked for the time had not shown what
points they wished to prove by. the new tcsti-
mony. 4 motion was also made for the con-
frmation Of the Masters report fled u few days
ago. The defendants objected that they had
thirty days under the rule in which to tile cx-
ceptions to the report, and the argument On the
question was postponed until this morning
THE CRYSTAL LAKE P1cEL1HG coApAsf.
III the case Ut J. c. Myers ct al. vs. The Crys-
til Lake Picking and Preserving Company ct
al, the Master IN Chancery, Walter Butler, filed
d report Saturday finding that E. 3. Sherman
and Kretznger l. Veeder had rendered legal
services on behalf cha OF the Company to the
amount Of S1,50o. An order was entered Tor
the Receiver to pay such sum to these attorneys
out Of the first moneys received by him as Re
cever Of thc Crystal Lake Picking and Preserv-
ing Company. ...--.
THE MUTUAL LIFE INSURANCE COMPANY.
In the case of Lippiucott rs. The Mutual Life
Insurance Company Of Chicago, William AID
rich filed petition Saturday setting out that he
borrowed Of the Company some time ago 5000,
giving a note and mortgage as security. Subse-
aue1ty the m9rte was reeasea f and hvs 9, u9t MI
each, numbered 5,2I, 5,e27, 7G:22S, u, 250, and
109 9i2 were given iustead as collateral security.
The note has been lost, and the bonds appear to
be held BY the Company Us its absolute property.
Mr.. Ald1ich therefore asked that the Receiver be
required to release to him the bonds On payment
OF 81, 200, and order WIS entered BY Judge
Williams to that effect.
TILE CHICAGO FIRE INSURANCE COMPANY.
The following is an abstract Of the monthly
Fire Insurance Company, which was filed Sat
u1day:
Total cash to June 80 7o5
EXPENDITURES.
Statement Of May Observation-Disclosures S02 osl
Expenses in June. ACKNOWLEDGEMENTS. 13o
Dividends paid in June. 10
Cash IN hank. L. At
SOL, 7o5
cryy7: