Carson daily appeal. [volume] (Carson City, Nev.) 1873-1877, 1876-12-14
SOMETHING FURTHER con-
CERNfN& THE AFFAIRS OF
THE CONTINENTAL LIFE
COMPANY.

There iocs not seem much cause 70.
hope Tia; much. i: anything. will b
saved 10 the stockholders out Of the
wreck Of Tbs Consire nial Life Insurance
COMPANY. The result which is 10 be
feared may ore,tske ali our life insar-
suce companies seems most likely. Thai
Is to say i. looks as i: the managers hsd
found tiaas VIXEN it was more profit
able 20 fail than 10 logger continue The
business oi the company. The New
York Ee.ald does not hesitate to pro.
claim lis Suspicious c. fraud in the
siTlirs OF The Continental. Ia the issue
Of iLst paper fot December 6 We arj a
statement which seems 10 be the result.
oi careful and patient inquiries into that
ecrnpauy's affairs. The feeling Of sur
p-isa that FIRST greeted t,s failure Of the
Continental Lie Insurance Company. "
says ilia: paper, has subsequently, de-
yeiopsd into ole Of f1ed suspicion. The
ns:urs Of events since The dissolution
aci The actions Of The New Jersey Mt
;ual are strongly commented upon as
evidence Of very sharp practice. If not
9: :Earj. Those who ore best informed
.toa: ,he stfaig readily sssert ths. either
accl!usioa exists between he Two com
raci.s. or e.sa .hs delusia- 5 core
fpoGdircly great. At any rate, phase
has been reached in the his,cry OF tbs
transaction whore nothing short Of n full
disclosure Of the facts will Suffice. Tho
history OF life Insurance Il too fertile
with instances Of wrong dealing to per-
mit az inditersr: reckoning of charges
Ike the present. 4 fair and essnes. III
sessigaiion Of them is demanded by the
rights Of too Of, abused policy holders,
and is impera:iyely demanded By the
welfare and future existence OF life it,
s1rsncs itself. l. IS Tumored. Gu fair
authority. that one isurca. Of the city
which began inquiries into :he true
mt aning OF tie Continental failure was |
induced to stop :ts work Of investigation |
upon the plea HAT i would entail loss |
Of pubic confidence. which, under the |
existing depression, might prove ruin
Gus. Such rlos could originate only
from men WHO ars ei,he. shortsighte6 or
else Lsye personal reasons for fearing
honest inquiry. Insurance men who
have the best interests Of their business
st hesr. cannot object TO it
Some disclosures OF tie doings OF ces
tain New Jersey companies. notably the
Hope. tie Craftmen's and the New Jar-
~ Mutual Life. in the way OF absorption
and pn.a',amation and ''wreckiug;" snd |
the connection herewith Of Mr.. John J.
the receiver appointed for the
CoU.;upn.si Company. G,e 10! calculated
10 -eassu-. ;ts policy holders .! the
or encoU.ase he hope taat I
Ill will end well. q: last. We And in
his same connection the following re-
port 0. an Interview between tie Herald ,
:e porser and Mr. Anderson:
The writer called Yesterday afternoon i
1pon Mr.. Anderson, the receiver Of iae
with view of asking hls
connection vita the above ard any al I
iiiionsi information he coEld give UPON
he subject. When the business was '
tated 10 nr. Anderson he declined 10 be q
un!ess the questions Se-a l.
sritten cut beforehand. The Herald
representative therefore ~r0!e cG: tue r
Glowing interTogations and read them :.
= Nr. Anderson, who made reply: .
-, What tine and in Whist capacity
'e5G you connected with the Hope SIu- p
as' Lille Insurance Company" t,
Il w.s treasurer of the Hope for u
hlut Que year. can't recoiiect exact
a;cS."
when an smaigamation was MADE !. -
18th the New Jersey Mutual, did ycu
.como Treasurer Of the latter company" y
Il did" .,
do vou remember q payment OF
boz. $780, 900 20 the president and q,
of the New Jersey Mutual -
, consideration Of the transfer Of the ia
ssots of that company TO the Hope b'
..Yes. Of course, l do. don't recol. ::
ct that that was the amount"
'.Do you know where tie money !or Of
lot payment came :rom?" 20
When this question was read Mr.. An
,rson answered very abruptly: II ~
ink you arc going too far in this bust ~
.ss; think you are getting out of your De
re; must decliue to answer that gues. th
,n.' r,
This. of COURSE, terminated the inter- 81
CIV. though in an after conversation ~.
Z. Anderson said that he was an officer To-
tho court and qui.e ready to answer ti'
Y question concerning the Cont 4ti
ntal, bat he could not reveal What be ~;
lew OF tho afsdirs Of another concern. o.,
Right here, in the most interesting be-
zee, where some statements of the an
1dition CT tho Continentals affairs wi
Rht be looked for. the interview was go
,usht to an end. The fact seems
y too apparent. that the life in
ancs business is in many instances a er.
ans chosen By rosues to plumber the he