, 1877-07-18
CHARTER OAK.

Several Meetings yostcrstHy IL Hartford,
cnnn,-sIc"cI of MIR. PATTERSON Before the
Policy -Ho!strrs--Thr Necessity nf Hlnus.,.
Ing OT Sucf, as Fufb~r.
!SpAcf1f MsYrdtca 70 7ns 7ftbunt.
HARTFORD. Conn, July 1s.-The rcrcacnta-
ttrcs Of the ftfe-insurnncc companies OF this
city, at their meeting this afternoon. appointed
tho following gentlemen 10 act aa experts In the
investigation Of the assets mud liabilities Of the
Cbarter-Oak Company: H;tna, j. O. Enders;
Connecticut General, F. ". Russell; Corncgtt
cut Mutual, j. 8: Green; Continental, James s.
paseons; Hartford Life Il Annuity, s4ephc,,
hull; phnn.x. j. II. lfblcomb; Trare!css', q.
F. Darts, Of Hartford. :.
Policy.holdcrs to tho number Of 80 met to-
night ut Central Hall. Among the speakers
were Mcssrs. Bruce, Boston, aud Battcraon. The
taller gentleman, who has rnaio d complete
examination Of tho affairs Of the Company.
spoke at considerable length. Tic safd TINT tile
COMPANY, u II was 10 live, must put out every
cEeTY ons ot tts present officers. In spcakinx
OF tho ComFsans'a assct&, lie stated that they
were only theoretically impaired. Tho Com.
pany lc added. With proper management, could
The nll!ncatton VI flcgaIl5-pa drfdcixts
s!Dne would GO far tuw arI4 milking up the pres
cut deficiency In tho asscts. Npw, II 4 Re-
eciyer. we're appointed. # woul.l he nrtny
aiize dollar, and even then tho annunt they
got would be very mcagfe compared to what
Was their due: Then, to avui4 tlsts rnd, let
them 9iys stl the III, they could t'w4rl re:
over the affairs ri the tonccrn he WIS huntI-
atct, as rrtt csentative Of the insurance inter
ests Ut Hartford to rec what rcekio.. waste there
Who Id ons e as th. wills lii % h. lid mo-" not lie selfss
t bud and i'd WIDESPREAD @ p''1 1spntai,oB, D1s shtc:'
wouftl prevent tle rc-estal,llthnctn OF euntI
dcnee. Without that the Company could not
be pnt IN now Il tho arrangement succeeded.
the tttHhd maine o! tue Charter OaI could al,d
would b. restored.
After Mr. Basterson had closed. = committee,
composed of Elisha Johnson, J. n. Allen, and
y. v. G. sktlton. was appointed 10 confer With
tho insufatec Committee aupou what notion 1t
L hcet TO TAKE. and u report between nov and
Mon'lay night. Tie meeting then adjourned.
Many ,p'itcy-holtiers ask that thclr policies he
sealed down as a u1cans Ut restoring the Com
pany. Ono gentleman VIM has tlU.to9 polk:y
saya to-n!;ht: g! woutd rather TINT The va1,le
that q Receiver BE- appoi,lte.!.n
AInAsr, y. T., Jilfy l7.-lhc certificate a,l-
thoEsty Of TIC Charter Oak Ltfc+lnsnrame
Company q Hartford. Conn, to is:ue policies
Smith. OF the Insurance Department.
j. ~ sclienecisdy to-day, on the report Of sunt
Smith, Judge landon appointed 1saac =.
11sn,:s Ercnsh' of ..a New York, ltefefee !"
estate Of tho UnsTcrsa, I.ifc.Insusancc Com
pany. AL premiums asc hureaftcr payable to
the United States Trust Company, New York.
pending The question Of tho Conpany's soI-
vcncy. All premiums paid to the Trust Com.
raity atc 70 BE- returned to tho poEcy-iml,lers II
the Unlvcraal Company Is declared iusolvcnt.
a small meeting Of tho policy. holder. Of tho
Charter Oak Lue-lnsuruncc Company was he'll
Ct the Sherman House yesterday afternoon.
The Rcv. DR.. Ryder Was cailetl to the chair, atI
". i. Davis, Estl., Was elected Sccretafy. After
comparing views ns to what was best and cx-
pedtent, the following resolution ras adopted:
That the President md Secretary Of this meeting
call nlsctng Of tho po'Icy holder, OF tha Charter
OK Lifc: lnsursnee 3 compaur for Tharsday after
uou4e. tn take such action In reference tu the
prtr3nt condition Of the said Company ~ ths rol.
iey Aoidets inaJ think will best protect and pro.
mote their interrlts.
ArERsos, n. j., July 17.-The statement
tpst the New York agents OF tho Paterson Fire
Insurance Company arc short In tlcir accounts
$500 Or $1,000 Is Incorrect.