The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-07-18
MORE TROUBLE FOR FURBER.
SUIT BROUGHT At ALBdNY FOR THE
RECOyERY or $4,000 600.
Receiver Pter-ou Alleging that the Guardian
Life Insurance Company was swtndied out
OF that sum by the Univer-ai People.

Recc,ver p,e,--,, Au..,,o ,h.. an. S,....,,..
- .--- .- - - 800
"'""es '""P."s WINS S",""'e" out
OF that s"" by the Universal People.
Tho toe, d.,oio,,,.,o,. T., ,L. oo.,, -, a.
"' '""oO Vo'Vl''uc'' III '"o o''eo vi 1"c
Universal Life Insurance Company is eult
brought by Henry IL, pierson the receiver OF
,, r,,a.i,. a, uo,,.., /. COO ooo M. 4,
."c "ufruiah. W rcVoNcr tf'ouUVV' Inc uo-
fendnnts are Henry y. fnrbcr. Vice President
of the Universal: George l. Nontaruc hctunrv.
toL, p.,,, u,..,,.., 49,. w ct,,
'"n" o. ,c"''y' NcVr'Etry' hhureW W. uln
VINO WIS President OF the Guardian; Luclus
McAdan who WIS its Secretary. VIM Walkcr
p....i.i..,., - a.. rt.ta..a, -. u.
i'7'.I'"' WI 'no onNois"' i"crc" ,Iapp eA-
Vice President: Sheppard Romans, |. SIN til
Uomnna md tha IIuiv.raaI Iifo tnsura,,,
C.-a,,
company.
MIR. Sheppard Romans said yesterday that
no had lcrn rnodo n dnfondunt crronpousiv.
u.., ~, " 80. - - '''..,,
VI" u" nau ho' lot tch years peeh cohneceu.
directly or indirectly, with the Universal. and
thn, bis c,,,o,,i,,, ,,;,h o., rnurdi.r ,va.
80, -, .',,.' -. ~. IT"
matical counsel. further that the transfer OF
tue business Of the Guardian to the Universal
had been made in good nuth by formal rcso.u-
tons ol the directors OF both companies. upon
the advice of their counsel and with the ull
knowIelgr and assent ol the Innur,nrc Depart
ncut. No drcsption oil any KIND. he SAID, mad
b,cn intended OF pra-tis,d. HIS brother, MI. l.
X. iomans. had resigned his position as u
director moro LIan "A year before tho transfer to
the Universal. and had had nothing Whatever
10 do with the negotiation.
ALBANY where
venue ~ land. pcckham AMI Ircmain vi that
city are the ATTORNEYS Tor Nj Person and Alex
undcr Il Green ana Scweil a Pierce represent
the drtendunis Walton II. Peck nam wa- PrcsI-
dent OF the Guardian at the time the transfer
was made. Ine compliant, which IL very
Vnuuln,ta rn,.lt..a In. tniiuvxinr story of nj
lex Il conHpira.y and fraud:
IN the annual r. port Oi Dec. 81 1873. the as-
se's were ia,sty XIV ~ fJHG.9I6.ai. and ia"
liabilities as $J,9H,S22 leaving i surplus H.
ru-aIded policy huhrrs, ut fllJ4.ol. Their.
were 1864 policies, IN Tor -. a-sgrcsatng AN IN
surunec q! tZo.JJitUJ The Complaint alleges
tnat tho UNIVERSAL was us Il ~ cover 10y fur-
her and tnc 9th & de.undauts, TO rheat the Guar
Uiuu policy holders. Ihc advantage sought ny
FurOcr WIS the Obtaining Oi COMMISSIONS ON
premiums received IN ,d-e the bus ness oi tn
Guardian should bc Iur hasrd uy the Univcr-
sal un Ter tu,rl. of "a ul tended contract oi rom
suran,. Gull Ilapp and Al eAdanl are charged
N4ui cOnsplr4n-.. ANA WAN rOrrupuy permitting
the FRAUDS. Tue plan ol tn alleged ,"nspra
n. tlrn gwen. lnr amount ot the Guardian =
ucnclvn,y Was 10 be- ,pOrtcd al lrss tuan u
Ntuaily was, ami then tnc cons plrators wcre h.
pretend to make 4 az, YAK lng ia return an APP
parent Cputrat Ot reinsurance. iurDcr.
Il IN aicgcd was then to Out.An
special contracts from the Universal.
ny which no WIS Ia MAKE erroneous
percentages CA premium receipts from Llc
uuney nod, r. at inr Guardian aud tho ,ompa-
n.,A cun~uud..t.d nth H. and ON tue reserves of
lO.lcius winch should be forfeited ~ uuu-uuy
nlrnt ul premiums. The COMMISSIONS ON tnc
urs-slnss were l. n per cent anu ON III . cont
ciasr tvs, nty per cent Tncy were to h.. paiG out
ol tuc assets H. b. transferred to the Unlycrsai.
W mcans ga the contract ui apparent rtlusur-
l d.
ali ahulnty eel lu-- the contract IA r,.al4iS Mas
ouiy on ol indemnify against rtl;J per cent. u4
tuc GuArdiun lD~r.r GA it- polity ool.siutuus.
DEMONSTRATION Voc SUN ct money winch
lurOrr ana the OtArr defendants knew tur
Guardian could never pay. la tbs way tho
Ou4..I l4llr was t. uc Released IRON all oh-
CATIONS. 1t was pArt OF tines hrmc to spread
pults OF tue dOu .tiul condition OF tle GUAR
ul..u Tor tn PURPOSE ol influencing policy
LuluDIs to ALLOW L4v4r policies a. lapse toy tlo
nuu-pay urutuI pgcn.uius. Inc Universal WIS
10 moi tur percentage ol the reserves on these
l,.i r-,l tu.Itlrs. Nulcn wound io passed over tl
4tr Nct l.u- ana J. tAv tDuirlO I. ANA 10 u.SuuaSr
turnl TO- utt. ami tus oii. 4 delrndant- uhIrr
special contra II. lur tuo -o-callrd COM
.Ous. Lac company 10 retain the bal
an-c. Mntu nov pOncies were taken out IA
tuc Universal. the RS rN's ou the uid On =
III he UUlrdl. II Ntr'. go tc W. 'd To Iay cOnnls-
SONS. lie cuuSp4ratD r., ia" comliaALt CON
thucs. w,ie 10 suJ pOae4es from tnc hV.urfs al
rtuut'd rat r, AND tnt n To- OBTAIN from the
Guardian assets tn Reserves ON them. 10 be-
rucAohod as proht 1" lnc person ina~.ng the
purrAas =. WAC WAS always To uc furU;r. MOn-
que. or Bewi,y. or rclr, sentative OF one OF
tAeu uood ass L. w,rr 10 b. taken ana worth