The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-02-06
APPOINTING A RECEIVER.
MIR. WILLTIM n. GRICE TO SUCCEED
MIR. JOHN J. ANDERSON.
Policy Holders who ARE DESTROYS OF Knowing
how the Continental tompany'- Afair-
have been Mnnagcd-Refore the Referee.

In the suit Of John o. Hoyt, I'm behalf of the
policy holders. against the Continental Life
Insurance Company Judge Pratt in Brooklyn.
yesterday appointed William X. Grace. receiver.
to succeed j.. Anderson. Mr.. Cruces bond
was fixed at s2OO.0OO. and his surctcs are liable
for twice the amount. William Allen Butler
was appointed Il referee TO examine Mr. Ander-
sons accounts. Mr. Andcrson's bondsmen
were not released. and the motion for his re-
mova was stayed until the referee had made
his report. The remaining points raised were
adjourned until the eth inst. Mr. William r.
Grace is gentleman of high standing. He is
engaged In the South American trade in hard
woods, AMI Is also the agent in TINS city Tor the
BRAZILIAN Government
At , o'clock the examination before Mr.. Will
liam Allen Butler, the referee. WIS resumed.
Mr.. Thomas. the bookkccpcr. produced the
stock transfer book. He said that there was no
record in II Olany transfer Of stock to j. o. IIOyt
neither was there any record of such transfer
IN the stock ledger. Aside from the certl ate
any transfer Of stock from Wvnkoonin i. O.
HUyt. The former drew the August dividend
on the stock which II II claimed was transferred
reads
The shares the stock Of the company shall he trans
I'M. crrd,s,e ,rr,,.sn,ing lie sepr XII e. rnrn,.s W
stock shall hc ,iined by the Pre- sdcnt aud secretary
certificate shall be signed by either of the said officers in
blank at any time.
w. ..
Scribner. Directors IN the Continental Life In
surancc Company. wcrc also Directors in the
Pavilion and United States Spring Company.
This is the company that secured u loan Of
S2i 900 on mortgage Oi 81 500.
Mr.. Anderson handed in an account which he
said showed every dollar he had had in his
hands as receiver When asked 10 produce the
bonds and mortgages he said: Mr.. l.. v.
styles, NE cashier. has ne key OF the safe in
y. j., and has gone home" MIR. STYLES was
present AT The opening oi the examination. =.
The list Of the bond and mortgages which Mr..
Anderson produced uid n.t roN'r mortgage
made by Sarah I. and q. Hilton Scrhnor for
S75oO. did not put II ON my tally list because
| received only the envelope the mortgage was
not in it, Mr.. Anderson said. The endorse
mcnt ON the envelope is. Bond and mortgage
No. 100 Scrhner. Feb. y. 1873: amount. 1880.
Empire stock" The bookkcepcr snys that the
mortgage has been satisfied. but never account
cd TOT at the office.
II don't know whether the book record Of
bonds and mortgages il correct. The list |
rmd In ,m1ds out myself; 1t amounts to
sl.OlG,O0.' MIR. Anderson said. as he handed in
the list on which the amounts are given, but no
description OF the mortgages.
Mr. Anderson had a loan from the company
for $1,000. which he negotiated with Mr.. Frost.
| He said that It did not appear on his tally list
because he had taken it UP. He said;
3a' lgS SS Ssss oT HIS oa and &a@ ya NT
s2.1pl Tor attending The suit brought in Albany have
and t. ' kecsby 81 me latter amount Wa pad
ior srvc, rnd.ted PRIOR To ny aploinimen' as r.e,ia
| word ~ the ATTORNEY ! also pad To VIZ John |. IN
examine into tle services rendered The hill was NJ
H. Went t. R,.h.s,r ior me on LEGAL basine.s and wa.
ahsen. over week Ihs hill Of Mr. Randall show
& srIs 2 ss@eTa Iy s Mutual ssY ssr Il m
me..t .N"mmri OF even rs.h any NJ, ~, un ls!.t, /,
DOM ink ,wore to ANY e Them ~, Mr pm anI, H.
INCL TGdc me nay spp spn or r ny "Sp ,r, 4, re-
and sent linn check fort Just what services he rcn
der'd am unable TO say as ne bill OF details was rem
have been successful 1ho~r cas-. which have lcei