, 1877-07-02
TIE CHARTER OAK.
Interview with Financial Mana
ger furheF at Hartford.
He Gives Slightly Rose. Co1ored View
Of the Company's Condition.
New York Opinion Of Mr. Fur
ber's business Capacities.
AT HOME.
4 TALK WITH MANAGER FrHBkR

HAn-rnnp. Conn. Jnne 30.-The Charter Oak
Life lneussnee mater develops slowly. Every.
body ID waiting for tometa!ng new. but thcre ass
no fresh movements - III To-day ] !atezyteved
sercfAl people who KNOW nf the Eo.rpany'a Affair.".
fonnd !. II. Fuebef. Manager Of The Company. In
his office, sescne and placid ~ mud .pte. lie ssid
that tho Company VA. moi BY any sncans Ia ~ bad
ennAttt1n ~ fotne peopfe tn Connecticut would
llke "a have It appeak Twas much better ~ fnan.
ctallY Than It was when he became connected
with II abont twenty months sgo. The statement
OF the Special contassian sfpotnted aT the Con.
nectcnt Legislature that they bad diFcovcrcd en
actual de6tft In The aasets Of tho Company Of ovef
g. go. COO, and that thrte ars questionable aasttA
amounting to over 81. 135, 600. was, he ssId.
There VISA aclnally. he asserted. no dc6tit. Tbs
Commission fn It's inquiry. had undetvk.ued tho
real worth Of the real ctla:c owned by the Com.
pany In New York CITY. and would moi
recognize ~ one Of h> assets The
sum Of 500, 600, which he CIR. Furtes)
had contributed. The buildings Of The Charter
Oak Company in New York be regarded ~ a. c1-
eeiient Investment. They brought TO the revenues
Of tho concern elso. 600. and there were $at, 600
worth Of ROOMS vacant Dir. FurbcS explained
That when hs paid $780, 900 into Tic treasury OF
thr Charter Oak Company hc entered into
CONTRACT WITH THEN.
Tic agreed 10 contribute The sum OF money
named. and released the Company from all obtga-
tions 10 pay Il buck. II wss then contracted with
him that be should rccetvs ~ per cent on the sn-
come OF tho Company, and 10 per cent Of it, sav.
tnas on tho reserve of policies which i,e Company
purchased. It was provided that The Company
could snnul tho contract within Gve year9 BY l,QnI-
dating the $500, coo, and b. paying IN addition
fair compensation for services rendered, tho
!, sssss q T. s , g $, ; it. ;. : !: :;
tns +, ps9tis@ s9M''n 'ses'e' '' s''1 OF ''' e''s
IL tbcr to,% r,s IN n. t.,o+. r, H.. r,,.s,.,
md bis Luz ,e,.ans, ~ @ .etonnt - .s,eS snn.
that he has to hts credit oyor $500. GOO. part
Of this money which VA due him for bis comnEa.
.on. b. a5s~ out Ia, s'a's' ess invested Il san
'mmeaatey. le saa' ~ .no concern goss 70
,sss tn. esss s milne a 50 too ,an viii
wrccttnr the concern and oobb,tna ne tie sasct..
II ~. cen,.uy ha1.t. .s aes H. nv
~ ~ '' s.o, s a444ss.os' s so'' ''@A "'' '''
who i. well.kncwn throughout the county both
wa.n .esa.u , 70 M poslsoh a. Fseslaent o. .ae
aH'e"ets insurance eomPa"5. anu !" jug o. Inc
heaviest builders tn the Eni'sd statess and there
fore a. capable - any one, perhaps, to Judgs Of
W. York. On witch ths coumtssion 5osndna a NSM sbs
rrc.t.r rs nT th.tr e,arve. s1nIs win
ssIs II; iss1s az @ s:ln;.ss: ;': @ %.ttss il
M tas
matter to 5oa
BIT FIGURES,
which can't Ito, you know. The Company bought
certain peopcEt7 In New Fork foe which lhcv paid
In ronnd hauret y, 200. 600. OF this 81. 0tG. Geo
was cash. and " 0oV. ou ~ faitrosd bonds. on
which th- only money that could b reallzsd wGaid
that property IN New fofk brfuKs ~ tne1Hne Of
per cent. or $50, 09o eyon nox At the lowest ebb
Of Commercial depression; THIS Commission
saJb II - oscrvhnta bccants It
doca not bring an Income Of 10
per CENT. IN khe rfcarnt condll3on OF trx4e, per
cent II al that ANYBODY. villa any REASONABLE ldeA
Ct intctesi. csn hupe Tor Or s1pset, Ano propoHJ
being unealAhlc now, y stands 70 T"2son That the
only way 70 determine - Sa!as u 70
cALCulAT bfoh IT'S lSCoNa-
1say that M income Of $3.50 600 OIL The inTezt-
ment of 81. COO 0og, OF which 81. COO. goo ts ot
no earthly good. u bettaf than amy nght' minded
man can expect II y had bees NJ money
aud my bonds that were MvsAtea Al that rate I
would have giten the man wh9 naaue the invest
mcnt bdn1s Of $50, 009 cAsh for bis seFvltcA.
The property In 1850, in good ntnea, brought An
income If $3.50. COO. and IL net value then was
g. 7T0. GOO. At pfaxent, howevsE. thero ars
tr, ,,., IN FaC1mr .s;shn, 'eoo4s, os G.,,
cause It cstt be frnteuf We viii take an instance: