The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-04-12
PRESIDENT MOVES BAILED.

THE NEWARK GRAND JURY MAKING sUNDRY
NEwARKERs USEAsY-coNTENTs OF THE Mys-
FERROUS PACKAGE.
new interest Is given TO tho affairs OF tho New
Jersey Mutual Insurance Company by the liberation
bail yesterday OF Mr. Benjamin \. Noyes, President Of
the National Capital Company, and some lively re-
ports about the work OF the Grand Jury in regard
tho transactions Of the old Mutual oiccrI On Satur-
day last the evidence previously taken before Justice
Jcssup at tho examination OF Mr. Noycs was submitted
TO Judge Dcpuc, rs ordered. II was not till Tuesday
night that no had opportunity to examine It. Yes
serday upon his order Mr.. Noyes brought before
HIM at tho Court House and liberated bail In the
sum OF S. 900, with the promise that he appear
from day to day until the Grand Jury finishes its
60 where he pleased, but Mr.. Noycs remains at tho
Park House, and expresses a strong determination to
see the thing out, whether an indictment be found
against him or not His Trends complain that he has
been treated by the Jersey authorities to persecution
ana not justice but that truth will yet vndIcate him
fully II alleged that tho authorizes know that
as regards Noyes they nave made OF matters,
but that unintentionay they have stumbled on tho
trail oil the real rotenness IN the Mutual affairs,
transactions untcdaine, by three or four years, the
connection Of Noyes with the company.
Meanwhile The Grand Jury Is pursuing its investiga-
tion but with what results cannot OF course be ascer
tanned. There rs "A general impression In well informed
insurance circles, however thai II hall justice done
TO the case number Of leading Newarkcrs viii 10
wanicd up 10 the Captains office. IL Is said, further,
that II the investigator probe is pushed enough
OF two nigh State officials Will he shown up
light the OF cnviabc 1t Is certain that there
l. deal OF quaking among some OF tho old officers Of
the Mutual
THE MYSTERIOUS BUNDLE.
Yesterday Receiver Parker made an examination Of
the mysterious bundle icft with his clerk Tuesday
nternoon lie found the papers 10 consist OF premium
aud loan notes, purporng 10 represent assets 10 the
value OF $500 700. The package was lett by mcssen
ger, believed 10 have been by Attorney d. Noyos.
but was not delivered by Mr.. Noyes himself. was
stated yesterday Mr. Parker stated That there stu
missing, according TO the statement Of tho company
500, 900 in morigagcs ana some $4,000 IN cash.
j. Noycs. yesterday furnished the HERALD representa-
tive with explanation OF the manner IN which the
latter possession OF tho $3.50 900 Of premium
notes IL appears from this statement that just about
the time OF The reinsurance in the Nationai Capital
boy brought the bundle 10 their Office at No Iii Broad
way ami said u was for Mr. StcdwelL d. J. Noycs was
absent ut tho time and the package without cxanlna
ton. was put away BY clerk win other New
Jersey Mutual papers IN the possession OF tie rn.
N0hing further was known IN regard TO IL until tour
days ago wbcu at the request OF Receiver Parker Mr.
Noyes caused search 10 be made IN his ONCE, and
the character OF tho papers was ascertained They
were Mt once given by d. j. Noycs into the hands OF
Nr Randcil a notary, who delivered them TO the re-
cevcr at Newark. IL Is presumed that Mr. Stcdwc
sent them there, subject to his Tor tbe purpose
OF turning thom over 10 the National Capital; but that
for some reason, with the assignment Of mortgages,
Ecwcnt to Washington, leaving the matter unsettled.
a report that ulcers were about TO rcarrcst Mr..
Benjamin Noycs on civil suit upon his Liberation by
Judge Dcpuc proves TO DO groundlcss.