, 1877-08-22
INSURANCE.
Opening the Bids for the Stock OF
the National Life.
Tbs Highest Offer Made Amounts to
S23l, ,200.--Talking It Over.
Judge Williams rostpones Further Ac-
lion Until Friday Morning.

kt0Ek OF tHG Nutulul -Ut"f""Sf
which, NJ everybody knows, IA ono Of the leading
a.scu Of the Republic t.lfe now In the hands OF 4
Hceelver the parties In interest began tn assemble
IN duupc Williams Courtroom. There were
Npssrs. pcct and Ellis, President and Tteasnrcr Of
fhe National, HeceIycr Ward, and Ncssrs. Jewctt,
ka1es, tlutchinton, Hitchcock. Thompson. Scatcs,
md Westover, attorneys for the vartons paFtcs
vho elaimed 10 have an Interest In tho matter.
Tho Court wns bnsiiy engaged In a1ln0 mp
sersp.b book, and nodded rteasnntIy to the gentle
men az they came In. Finally, = few minutes
after 10, MIR. Mutchinson remarked TINT Receiver
Ws!d had brought IN the bids, which bad been
sve,lcd to four, to be opened br tho Conrt. and
shercupon Mr. Ward handed four envelopes 10 The
Clerk.
The Court instructed the latter to open them in
the oslc, In which ihcy had been received ani
ssAd the contents. The fsst one waA Accordingly
stripped Of it, scaled cover, and the Clerk In tho
ssses se sM ea oleenes e.
WHEN JUDGE scATEs AROSE,
caught tho eye Of the Court, and raid TINT hc
wsbcd postponement Of the matter. lie repre-.
eustanto! LIVED IN Los Angeles. cal, I'D was s
s So,. s'e e1ne IT, s ssSt W. VIII S9f0n 81 os e
eents een pan'AGbb an tbe ielIsr. 11e haa litter
,ss ss'e * ~ .nsan IL II Z 1s
shufeldt d wcstover. and there aseertAlned that
they were preparing otii N tne inse t.,.t,.aaJ
viii The proceedings The, National Life wa q
solvent company. possessing afscta exceeding
81 Sanle & ss nepuSe e. VT e ny
rowed from one oftl National @ msnageEs ~ siag; T.
900. accured By pciEe q dtsoo shsfsa OF tns
about ths loan, bat ir regastsdi. N attempt e
sseflice ths p1opsstyot tMe HeRaoIS, n,,erhosrs sv
tIs Mevae e'',a u ee rsh if m
seemed t9 bin e DO cE,nsp,raaey: ,i p,rae .r,;, MG
hoped ne GoaIt wonld p9sipone tne @ .rs.a um
ta!,on Ct their elaims. 49, u... ". s..
Mf' Mcsosef SAC taht ~ pat,met, ~ ~ E. nm ~,
1s' Id bss% ssaned 4s NJ o * psPes
a. e'ton askHg the GGnrs to 'st m asd0 TIC or
:ompsfow i!e bseysd thsre ws1a It, f. g5Gnn,ds nm,
@ dos iho .s'oea"oh of LUG osac'' an" ''ss Nv nao
GEN. Il. :. TnoMPsoN
took the noos hnu informed the Ioaft thAt 20 rep
,ew noa on "ns eS tho %
sso .Sona Be- aari@sd I set5ts @ openas !%e eia. TSs
hepn6,!c aad pu!chaseu the Sat!omai Il he, e. ana tts
epn!S pasy 'hn!asF: shon5 hays a.! thG ~ as'ss ~
Sational Lite nyef 81, olO oo0 Tofth 3t good ~
sets: o.any sse asseu o. nc MopnpIc "ese ~. ~.
TITS reason i WA y the iian1s Or leGe,er. The
nattonn hau astc.e Smo"gn 70 r.! ,rrns ~ .hna
ities 49, leave A. sa,pas aa ny ~ se sfns ssl enGsa
~. tt.,.s sL..,ft -. n5,,{s.,I -. j., *,
ods:s !he r. Gonst .nond oe qayi.ea A. 70 ~
tnna,tua =, ths e., IVY nn,mfn ,,,, hnrinT ~" NJ
aftanssMents; " ,,n, ~" tSo W. ion
t. .o,t Of Kkr9ny w cat
tl, a, AZ s!teP eonsderat!ou. tho conft tho,rt
.ss;: t cE,'st 10 saisisnti! p;etsf. tle lspaSi!e
poey tne Hneona snouu L w ~uanu .aii
anu od " fst I1u a acm, VIM at tne Eetsnna IL
epncetncd ~ha inposs!DtG 70 ~ u. oM conIa
tos c"fs IT, M IT, aq, p sarJ TcsS r. En-
formed =. to tho aetnaI condition oi he Eatlons
~ liabilities ah,! aesuts sna INC 0aahs5 OF Inc as
vi; hcfDro pnstlna IN tis "; olns, ill.,. - A.. n,
,howins how ho Aaa compiled viii, tha order q
H. cSnrt ln ndscrt.slnf fos n!ds. shovel that
Ms Nara hau advertised IN new totx. boston.
1urs 70 ?oo banks an1 capitali.ts In al t.c large
9M wealthy e'ele. % ot TT t1e % coansr5. " seakng fo'
al parties. .,.. A., u,u.
nat lnforneIat t. ~ character Of tls loan made
u tho Nepubl'c " Mr. NlckcEso;,. Ihnt gcntlg.
ma VA; ~ "nn h o. thG Managers o. sha Ma'1ona.; la
htock pledged to MN gave hlm the control. II
W.. far TO- 1 tn 1 10 the f. n pass
pa.s S 'snaas u III: IL paSe s 's
value Of thc stoek. They know nothing about III
hs'os' or lla',hssss ,,ts. ~ .n, n,n,,,uu
~. J. y. Jcsctt addressed tho Court. Tic be-
hes H. T. ws.d i. wa. aqs ~ n h;
take no important stcp. 1lia solo ambition was ~
get u! lie col for the stock. so far a. tho rreyE
hus histories OF the company we're conccrt!rd the
lccclvcF hAa noth1l!9 70 90 Win theai. when ne
wa* apr4iniIs1 - lIG Hsceissr*a!p hc lnund thai
tas Rspssl!S W. W. anasnsd to- Mr S'cksfsnn IN he
Court Ins!Fueted .hc Receive, to bosrow enough 4
s3t soSa ses y e "fha IL
therefore. eomEel'eu 10 1npt! tof . sa!t