Ottumwa weekly courier., 1877-08-08
PROTECTION LIFE INSURANCE
C0APAMY.

|
inst., contains very lengthy expose
of what is claimed to be creokedness
in the management of this popular
company. The company. if the story
be true, is thoroughly bankrupt, and
has been managed very much as
scoundrels would manage. The story
is long one, but we cannot burden
our columns with it all. We never
had any faith in the concern !; in fact,
we long ago advised our readers to
give Chicago botched-up fancy in
surance companies a wide berth. In
this regard, if in no other, Chicago
has been q great swindling shop. One
Hilliard was, for four years President
Of this company, and we give his tes-
timony that our readers may get a
glimpse at the true inwardness of the
concern: E,s .....-z...-
Q.-What is your given name?
A.-LAurin Z. billiard is my name.
g Q.-How long were you one of the
officers Of the Protection Life-Insur-
ance Company?
A.-Four years 1 think have been
President.
Q.-Do you know what is known as
the Mary A. Williams stock?
Al have known something about
it.
Q.-Who was that stock subscribed
A-Mary A. Williams.
Q.-Now, Mr.. Hilliard, at the same
time. just about that time that Mary
A. Williams stock was subscribed for,
you subscribed for certain stock in
that corporation, did you not?
Q.-Yes, sir l agreed to take cer-
tain amount.
Q.-What was given by yourself
for that stock-how was it arranged
between yourself and the Company
that the stock should be paid for?
Objected to for the reason that it
appears by the papers filed in Spring
field that Mr.. billiards stock was
paid for in cash, and it was SO sworn
to by the officers of the Company.
objection overruled.
A.-At the time of the formation
Of the Company there was a question
about how the stock should be paid
in. 1t was question whether VIC
could put our securities directly in,
or whether we had got to pay the
money. That was point we had I'M
der discussion some time, and the
attorneys finally thought, as the law
read, we had better give checks.
Q.-State what You did?
Ave were all to give our checks
for the amount of stock we took.
Mr.. Tripp-Q.-When you gave
your check-when you subscribed for
the stock and gave your check-what
was done with the check, and what
did you do afterward?
| A.-The Treasurer was to take the
checks and hold them until our Sc.
curities were accepted.
| Q.-What securities were they?
AL gave security on o certain
lot, and when they accepted my Sc
curity they gave me back my check
Q.-Was that check ever intended
to be paid?.
A-The understanding was that the
/
| Q.-What was given tor this Mary
A. Williams stock that was sub
scribed to the amount of twenty odd
thousand dollar?
A.-Same as the rest of us.
Q.-Now, was there actually any
money paid for this Mary A. Will
liams stock by Mr.. or Mrs. Williams,
or any one for them
A.-Not dollar.
Q.-Are you acquainted with the
property described in these mort
cages!
/ A.-Ycs.
Q.-What is the condition of that
property Tell the Jury where it is
located and how it is located?
| Alt is between the Calamut
lon an outlet of the Calamut Lake
running into the Calamut river, living
between the Chittenden bridge and
the Calamut Lake. That is known
pretty we'll among hunters. 1t is a
great place for hunting. This place
where the lots are located is just west
Of. the hotel-Chittenden's Hotel
within half mile, / should think,
over towards Calamnt Lake. The
borders of the lake in that neighbor-
hood are submerged most of the year,
and, l guess entirely all the year, in
fact, and it grows up with wild rice,
and rushes and one thing any another,
SO that you can hardly get through.
Q.-What, ct that time, was the
value really Of that property?
Al don't think it had any value
unless for duck-hupting, fishing, or
Catching frogs, or something Of that
kind. twas under water most, Of IT.