, 1877-12-01

mortgages, were given for the accounts repre-
tsntcd by tho stock Issued, and &hc checks
~.., rct,,nc,1 tn Tim ,tockhol1era. Accnrl,n0
VIZ, w .,vo-n ~ y, ,;hn,s r,n1o to ,bs Ar1tn,
Of State In December, ls'u, tho Company bud
cap1tat stock paid up In cash amounting to
$4,000, whereas NJ capttal has ever been paid
y. n~ccnt tn I'm trivial ,nnnnt mhntinnctl
~ asose % n wo. for awe,rino % tn s,,c,, thinr, NJ
o"r. II;
Edwards, ull1iar1, RTan, and Iecid have been
Indicted for perjury. No revenue, says tho Re-
s.I-cr' In. cvct I,een rccciyc,l from the scc,r,.
e'e' ,aren ae ''I hy ts 'e ronnauv % ' for mi.
stock. Tho stock, In short; las not paid
dollar OF tho expenses from the
.,r,o,,n+ion oe thu Comnnnv tn rim nrrscnt
.s!ss hat all tho rcyanuc. ~ n, Comnonv hovs
sEne' oa, ~. sao 49, y. D smo Gans naso
been collected frotn tho po'Icy-holdcrs, who
hare run tho entire concern, paying nll tho ex-
n&ntes md incurrinr a]l tho rtsk. Thc only usc
r .h,. 4.,t n eto,L ,va. A., ,not1o +ho rorn ,orv
~. H. -. -eo,,,rs,a Joan.tt y, e,rs, ",,
70 eSaao tMe 'am 1equ's''a oepoS.t VI slp'"v
ness In 1llluoia, anu to enable tue Company, by
laulur stock from tintc to time, to
''1""e o,.,, 49,, ...r cr.,,,-
..o W.. =,
oa making aanual statemehts' "hen IL eame
tins 10 mako up one Of these per-
Hood that tho State Examiner wos coming
around to see the condition Of Affairs, stock
ras Tseuod and given as col'aternt for iaoto OF
the o'1Scfa, 1ouolteu W thc ComnanY. 14r the
purpose OF eccur1nR ioans e. various panks,
Which loans were represented In tue statcincnts
y cast In bank, without 1aho~ing the liability
!or tae e. cash borrowed. inus ~ oecenocr O.
NI3 ttauou IN 6tocK WAS !sallcH TO 81. y. Et.
sanls' e., On Wn!ea ioan O. s09 "es on1alnc1
Mtnc rheltY SAVINGS nank: ,,d 1n n,!i Dcccmpcr 0,
saJonn Hela o. trustee ',a. 2n Wt!ash money none Wes @
borrowed ~ the Flaci.tY LOT tno
q making = statement: The following
{tar, tl59 o. STOCK Tas & issucu 70 Hlil'nsu, anu.
B! ncan: of notes and this stock. money vas
.! ~ S3oiuV "oltn ot etock WIS lsa1co 70
Eaxatus ~ hno isea Whsn Was put up "'tn Inc
lhy sastngs baak l9r ne purpose u meeting
sar Fl ss s9i s H. n .t ana sh
ta,mo was borrowed. All th!s stuck, thus H.
'1ea' ~ eanvelefl :ttiser ~ le'0 Of early tn
The representative Of tho INSURANCE Qcpart-
neut re- would te along on certain day tq make
necessary TO &'avc certain amount Of money On
9a nanq ~ ID oeaer 10 lace .nat examination: 20
~ lssGe OF etock would 90 maao; fho ol1lsere
O. the company Wot1a Rlfc tlcsI hote TO tne
taeit}, saY. !or @SVn; u w9n'd 90 ahaofsca
~. ''k@NI s"SN A''' W P"s W % ~
lateral this stock Of tt!e Company aud mass Of
Rfsn,em ,a. notes; ana the I9ney TouIa remain
10 oahK sabloct TO cEeck. Nher mo Examiner
es@e, thc officers would say to asn. " We baso
=. 1musl, money On on hand and s3o,0o II bank"
ae soalu 20 10 iae 1anx ont! asls, iof forms
take, h0T much wa there to tho credit
.! tas p5otsstlon. TIE bank officers would
~ xWun. That satisfied hitn; ~; and M thus tho
company aut credit for having 60, COO in bank,
shsn In reality 1t hadn't q cent there, because
tSoshng mas eyGE said to THO Examiner about
aswas not informed that II was loan.
,.,.. Tlls 1NrsKHsr on the sEcunl71ss
Atsn lot stock vas not paid, but was rebstcd
tsess q, Dividend; 70 the stockholders tad full
ssrea tho payment oi their 1tock, and paid
nesh!nx Wsax = - rsnt or interest.
,.osk outstanding was SlaasN, iieid a. follows;
!oan Red, 400 stares +; 7: billiard, 's; ST.
feeses Lind, 4n; +. i. skinner, u; 4. ].
rsra, %; N, 8, Cbccscooruurl. DO; l.. P. I'LL
Ard+ Il A. W. Edwards J., mud few sh2tes by
GtlEff