The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-05-05
NEW JERSEY MUTUAL.

SIX INDICTMENTS FOR CONSPIRACY FOUND By
ASKED FOR RKQUIsIrIoN FOR THE NEW
YORK PARTIES AND DECLINES
Tho Newark Grand Jury did its work very thor
ougniy in the New Jersey Mutual Lilo Insurance
investigation. In addition to the lndct.
ment against Benjamin Noycs, others for
conspiracy wcrc also round against Jeremiah
Ii. stcdwcIl. Henry W. Baldwin, A. G. Fay, H. H.
Trenor and r. G. Frost. The five last named sup
posed to have shared in tho spoils arising from tho
reinsurance with tho National Capital or tho New
Jersey Mutual assets accounted Tor there
$S7, 900 in United States bonds and
$4,000 in cash. The former supposed
to have gone to. stedweli and tho resdy
money presumably shared among tho others X.
c. Frost had mortgage for SIS 900, which takcn
of his hands with some Of tho $50 900 Ut having been
transferred in two checks tho Chcmlcai Bank for
S1s,ooo and sl2, 600 respectively and the mortgage,
through party named Skimmerhorn got into the pos.
session Of A. Goodrich Fay.
THE NEW YORK OFFENDERS.
Mr. Il G. Frost was vice president OF the Continental
Liie and TO Tho general surprise, escaped Indictment
by the Grand Jury OF this county, whilo a bill was
found against Luther w. Frost. his brother and
president OF the company. H. G. Frost director
OF the New Jersey Mutual at the time OF the rcinsur
ance. Ho has abscnted himself from the
city for some weeks past, and last heard from In
Massachusetts. A. Goodrich Fay also of late
abscuted himself from the society OF his frloudR lie
present the transfer OF tho assets to BENJAMIN
Noycs, and previously thcrcto--as published in tho
HERALD--endeavorcd 10 dispose Of Washington char
tor 10 tho New Jersey Mutual. Henry W. BALDWIN Is
ut present OF the general agents OF the United
States Life. lie was agent Of tho IN iddc Depart
mcnt Of tho New Jersey Mutual, and when
kts
company boosted of controlling two-thirds OF
the New jerseys business. Before the
insurance in the National Capital effected somc
negotiations were made for placing the New Jersey
Nutuaps RISKS III tho United States Company. But
the latter finally declined to rcinsnre them and engaged
the services OF Mr. Baldwin, who OF the
.uul who reported in favor of tho M
tonai Capital proposition. despite The fact
OF that company's being outside institution which
would induce many Of tho New Jersey Mutual policy
holders to transfer their local CON-
pany. H. II. Trenor also a director OF the New
Jersey Mutual and one OF Tho committee
by no means out Of mind, for two months psst He
was last heard OF In Washington, whero some New
Jersey olca's endeavored unsucccssiuily to arrest
him. Tho names above mentioned all of those
| who were INDICTED Tor sharing In the nb-
s,racted funds The conduc. Of the remaining droc-
| tors OF the New Jersey Mutual Is sun under
investigation. ana will be passed upon within "A Tow
days. Among Thorn arc included Mcssrs q. A. Hobart
sted (onc OF The Rens urnncc Commttcc) William NJ
Force j. H. Cannf, Charles H. Brnkcrhon, j. H.
ScharG, q. ID. W. Vroom and & b. 0verton.
GOVERNOR ROBIN soS's Acriox.
Yesterday Mr.. j. n. Abce, the District Attorney Of
Newark visited Albany Tor the purpose Of procuring
acquisitions Tor the persons under indictment residing
IL THIS state. Ho had u requsitIon from New
Jersey, signed by Governor Bedle aud tho Secrc-
tary Of state. for Baldwin, Stcdweli, Fay, Trenor
and Frost. Accompanying ihis was copy OF tho in
dictment, with atdnvits showing that the offence was
committed In New Jersey, and that the persons sought
we're fugtves IRON Justice. Governor Robinson med
that the papers detective, and percmp oriy de-
clined grant the requston uut further proof that
the asked Tor wcrc fugtivcs from justice. Tho
question OF what constitutes Fugitive from Justice
is, Therefore, most important one Mr. Abce states
that there in tho Governors refusal than he
can account Tor.