, 1877-07-15
inc Of the Company, will show:


THE OFFICERS OF TIRE REPUBLIC
and the shares owned by each arc: President
]. \. Ellis, 1,240; ]. II. Butler, vice-prcsdcnt
2; E. W. Pect, Secretary, 1,275; Directors-A
A. Carpenter, 2; NJ. c. liglltner, l.; G. ". lIlg
gins, 3; G. 4. Autis 80; j.. V. Farwell, 2o0
Geolse G. claEke, 8 z; ": o. carpenter,s; $. "
!: The other principal stockholders are: /. D.
Cortrigt,t, a; Michael kcclcy, 50; H. ". King
10; e. G. Holton, 10; G. N. Henderson, 10: "
I. Alien, 90; ". E. Hale, 10; E.
Ey 10; F. scSl s. Mns1ow lo F. x;p:si F. PniiiS5 5a
Anson stagcr, 20; ". +. Frost, 10; F. b. Gray,
70; r. Il. Donnclly, 50: 5. p. II. rascar, Phiia-
delphia, 50; s. I. Butterworth, San Francisco,
SO; j. B. Eldridgc, San Francisco, 25. The fol-
lowing blocks OF stock a1c owned in the cities
s; Bclyiderc, 10; New York, 374; Nashville,
400; Huntsville, Ala, 15S; Lacrosse, 12I; Bal
tilnorc, l55: St. Louis, I73; Cedar Rapids, 10l !;
Boston, 3i0; Philadelphia, 763; Denver, lac;
San Francisco, 596.
70 add further interest to these truthful
Allen. during lo13, WIS Treasurer Of the Com
pany and Chairman Of tho Finance Committee.
No doubt the great Iowa barker had design
of matchmaking it with the Cook County Ma
tional Bank with view Of helping him to re-
fund the Rock Island Railroad trust. If he did
have such object in view, it was never accom-
plished, for the reason that tho Republic was
then engaged in the swallowing business itself.
aud did not propose to become the prey of any
anaconda
ASSETS AND DEBTS.
That which most interests the policy-holdcrs
and The friends Of. the insured but not paid,
dead, Is to know how much Of u dividend they
are to receive. The prospect is a dubious ouc.
According to !lal. Woods report, made on tho
2Oth Of May, the liabilities amounted to 81, l,G,
oUo, composed Of the following items: Net
present value OF the policies in force on q per-
cent basis, 81 ,0O0; dcatl'-clal1ns due and
unpaN' SSoW; dcath-claims in process OF ad-
1istment, $4,000; dcatll-clains contested, S2l,-
ooo; bills payable, being tllc amount advanced
W W. Sickcrson, and secured by Sou shares
OF tue Natio1'a! stock, S130, 900. 10 meet these
are assets amounting, according to the Exam
incrs value, to 81 ,3!3 UOO
After the officers Ut the National became az
quainted With the desperate condition OF thc
nlialrs Of the Republic they set to work tn
llquidatc it as rapidly us possible; and thcy
were Hopeful that they could succeed i'll wind
ing IT. up Without the Intervention of a court
until this spring when they discovered that it
would be hopeless for ti.em to perscverc in
tncir task, r. During January, the policy-holdcrs
died oil like sheep. They put ut defiance uli
the mortality tables, and made it impossible, bT
1nelf m1aignant rcrsistcnrv in dying: for the
h,epno,lc 10 r2,sc the money needed to meet
dcath losses it was also discovered that, With
III Il, tcas, endowment policies to the amount Of
S2oo,oo0 would mature, aud that it would be
Impossible to get the money to meet them.
For some time bac's the Republic has been
borrowing money from Mr.. s. II. NicScrson,
President Of the First National Bank, and ono
OF the Directors OF the National. These loans,
Which began IN November OF 1876, amounted, by
tue close OF tho year, to about 10000. These
sums were borrowed for the purpose OF paying
death losses which tell due towards the close of
the year. Along in May the Auditor Ut State
"as hcFc Tor The purpose OF making an cxausina-
lion OF the affairs OF the Protection. The
officers OF the National thought it quite likely
Lhat the next subject Of investigation would be
Lhe Republic. They then gave up the hope Of
themselves liqu'dating that institution, and
knew that, unon examination by the Auditor
he would order it closed, They therefore r.
luestcd him to como around and sec them, and
At the SANG time took certain precautionary and
probably justitablc mca.a1res. By this time
th1s was the 1st OF May) the Indebtedness to
Nr. NickeFson had increased to S130,000. In
lead OF its remaining as it+had, . book account,