, 1876-05-24
hGood Exhibit from the Receiver
of the Teutonia Life lnsur.
ance Company.
An Interesting Chapter from tho
Secret History Of tile Fourth
National Bank.
somo Light Thrown Upon the Manner
in Which the Public Are Floeced
by Contractors.
The Alton Railroad Tax Case...MisCcl"
lancOus Matters OF Interest.


THE TRuToNlA L1FR INSURANCE COMPANY.
Hubert DIlgcr, Receiver Of the detunct Teu-
,onia Lilc-Insnrn,lce Company, nlcd Ills FIRST re-
port yesterday in tho Circuit Court, showing
that the assets Of tho Company consfat Of cash
I'll llnnl 10 the amount Of Si9,a102S; good
mortgages md trust-lceds, $05. .56s; bank atock,
about a. 500; and - GOO In real estate and some
outstanding but unsecured clntms. The claims
against tho estate consist OF dcaih-lossca pol
cics, the surrender ynluc Of policies, and utlcr
glatins for Which vouchers hayo been issuctl
There arc still AIS policies outstanding, Of
Which 120 have not been presented for payment,
and twenty arc In full force, representing s2o,-
600, the premiums being nil paid. Their net val
ne, according 10 The insurance laws OF this State,
ias3,9TD. ..-
Tho aAscta, when collected, will, II Is thought
Be- enough to pny all outstanding claims in full,
and there In sufficient ca1h on hand 10 pay good
percentage now, Tho dcbts l.avo not however,
been az yet nscctteincd, and no dividend can be-
made until that B done, Several OF tho partica
who indebted to tho Company by note or mort
rage have bought mp claims against It for death
losses On poicica, etc., and now claim d right 10
Offset these claims at their full surrender.
value. 1nas,nuch as tho debts will all bc
paId in full ultimately the Receiver thinks this
~ advantageous proceeding. as It tcuds to Sacill-
tsto matters materially, and he recommends that
Il be allowed. 1to MISC thinks It advisable that
notice should be published that thirty days will DO
allowed for the presentation Of nil c'auls against
the Company so that the debts may oil be asccr.
tatncd az soon as possible.
order W. tsrcqpon entered by JHdgs VIII.
nsis. @ saa osss s o hs %s" e IL
payment, at their fIti value, valid claims agatnat
he Conany ioJ NJ On roliciss and i9r
aIec authorized to publish notice In oIta English
sud ono German newspaper, once week.
~. .gainst tho Company 10 present them fot settle
uenl within thirty days from the time Of such 1rst
notice or to he forever barred from sharing In The
such notice In also to bc tornEdcdt each creditor
HOW TO RUN ZANE,
cient III con1 l'S Sy Mason ns and n
Slater agaiu.t Frank 6. Taylor. John n. Wright,
Tic FoaFt National napk q Chicago, G ?: sGer-
COUNTY St ] sasnss Bank, George Tayior, G. i. Multi
tsn taFas Sss % AnSn1 %Sn esssases cSs o. " '
thony. deceased, William Ilali and Russell II.
Ea!ned, which show. In striking manner % the p.
National Hank by !. C. Taylor, its former Vice
.ty rse sniereG neo eopartnetsSlp s wl Tsy
II; h; grocery bus!se,s + this sity. TAYLOR ana
tliohiing s75.0oo and lie, luttcr ss5. oo1, and
eomplaaatss werc to be p spesiG e Hn1a Hnfi1nc{fs r.
Gsss Gayhs a9sao frs ss PstnsSp Pa e only
carried on under tue name Of Taylor = Wright,
aud to asS w!rb s eat4sa
Some .ime IN 1860, T. e: Taylor bought ; abous
giving hin, controlling ntercst, and his brother
Georgs bought $40, 900 of Stock the entire capital
g sd; Tts ss ts f snS fSf
md financial manager Ut the bank, having ontire
cor: Control of 'te discounts. SONG lime in March,
ina n the hSes cast "'' fractioaul i nIi Of ice.
ae na 1T et: ysE ona e sna :" hn,Sony ss'S ss ss
G. Taylor in trust, 70 bo cut up and sold, and l.c
IL IT, profits, however, have not yct been diacov-
cred tug rosry st sE ssains ns nnaola md has
''is'as 1n 81: & Tasor incidentally told Mason aud
s!'!s! ies: sa's,snass t. ssa5s
sess ths ttas as0 faes sss & te s 0 In f.
Hassos ask Fl tsa s time, Wiz; H. C. Teylot tho
sf VI CO., = be s5yaneea z Tsyio5 i9a lsttst IL
s NJ saR 4SssaS gsss ss @,fss ns
s sa :1s wos cs'f h 0snS I Haa
In which they had lost $l0o, 00o, yet with q view
% oeempromiss any .sasrecmeMnt IT. Asson and slate5'
and 70 SECURE i by Ills nosca guaranteed by the
i,um ,her land here should be applied on the note.
osTaylor : Wright md Taylor consented that hit
onc.Gtth interest from the same sourco should bt
complansnta COM from % any md ali iiablty oi theirs o.
r. l ness q Taylor Wright sffesd ID sna; T.,
s'psatel t%Ss e M tat tha Lad should nSt hs sslt
fut lesa than ~, 500 On acre Thy ., SO, OK
plainantn received notice from the Cook COUNTY
k.vngs Hank that l. bold certain notts Of Taylor !
tion was then snudo, and It was asccGsalned thn
that bank had notes Of The above named alu u th'
e IT, s2 e. o, Y"'sA e tsstS XII Int wv ~
Of thesc notcs weru iatcd after tho dissolution Q
o. partnership ii August 1871, and It La charge,
It. AS, rses In ~ si thy n;Ss 'fSs
n The bank by him. aud thnt part Of tlcm we1
BY s r. n s s.S Of s,.t NJ ssSt nit
Of TayioI i Wright for HI indcIie4acss 10 III
bank, and when they fell due renewed them ftou
hot content with this, 1Hylor induced complain
kals 10 take seventy -thrco slareg Of atoek them
%sf1 aS sy rs1 :; H. sd IT, si no,ss
Faylor Wright substituted md counted ~ cash
eoMp!ainants now aegc thu; they az r not Liable @
we're not made In tho ordinary course OF buslnca.
. nsgay I Sy mo 9':
ihat the Fourth National lnnk Mxs aWaF0 VI TIL
tst TayoE was aso financial Al manager Of = !,
through hlln, must have had knowlcdgu Of tLs ia
,l!ay tsse noe. Whsn 10 @ fS1Hsa a. II NY
National liank, he still kept control Of tGo SaylAl
psak and Al equitable division va made , of IT,
bank took possession Of tho notes of Taylor
;wIEht l, nsw elsns to hSld sach p pspos sn Il EeH
I 1e is all derived through the Fourth Nhtlnns
hant. and that II can havo no moro rights TIM
EAt institution. ,
u conclusion, cou,p1Atnants state that G., j
hhul!ken ~ Cashier uf Tho Cook couhty sayin,{
+ Taylor Wright, to recover On two Of the mott
seoye mentioned held by II, which snit IL no
bending, aud tlat Taylor denies the trust arIanE,
mehs u May. 1875. They theEeioIe eak III
iaa trust ulAy be declared. that Taylor MA
b. removed from hs Trustrcship, and anoth
more suitable pcrson appointed; that the trus
dted may bo specifically eisried out; that M!ike'
saa couk County Savings lank, and all others uls
+ teptavented from lrngiug salt: that tho 8:a, Ot
nay ee repaid 10 them, aud that they may bs II
sEaxrh tr,t,, urh Hll IAh1lIty tha mi ,