New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-02-02
and reported to be defauer to considerable amount
W. w. Chamberlain has been elected to succeed him rs
treasurer.
INSURANCE COMPLICATIONS.
THE sECURITY's OFFICERS INDICTED.

THE SECURII1S INDlt
CHARGES OF ENTERTAINMENT AND PERJURY-srATE-
MENT OF THE SECRETARY ISAAC II. ALLEN.
The Grand Jury yesterday presented lhdIct-
ments against Theodore X. Wetmore, Fce-fres'-
dent Of the Security Life Insurance Company, for
embezzlemcnt and grand larceny; Robert l..
Case President; Robert L. Case, Jrr Actuary ana
Isaac II. Allen, Secretary, for perjury Judge "ioei
Immediately issued bench warrants for the arrest
Of all OF the above named persons whch
placed in the hands of officers Tor
service. Mr. WemOre did not sign the annual STATE
ment Of the company, and indictment could be found
against him perjury in the case OF the o'her
officials who affixed their signatures TO the raise sa~
ments. Mr. Allen at the office OF the Security Con-
pany yesterday usual and will not make any ehor
he states avoid arrest lie has, however, made pro-
vision for bail when the time The other Officers
Of the company have not been about the Office
for some time.
Mr. Allen was visited by TRIBUNE reporter last even
ing at his residence, No s13 DeKalbave, Brooklyn, 70
learn il any papers had yet been served upon him. Mr.
Allen that he had learned that he would nave W
appear at 2 o'clock to-day at the DistIictAttorheys
Office and give bonds for $4,000 on charge OF fraud
and perjury in the annual statements OF the COMPANY
Mr.. Allen is rs years DID, aud seems TO DC
quite overcome by the present state OF MS
affairs. He stated to the reporter, WIN
evident agitation that he had lost $4,000 or more Wy
following the advice OF Theodore r. Wetmore, the VICE
President. This loss consisted OF 100 shares III lho
Security Life and Annuity Company, which cost nm 900
a share; SO 900 invested in lands in and around VIII
liamsbridge n Y; $4,000 which he had loaned the com
pany without any security whatever, and $500 which
was due account Of salary Besides this the com
pany was carrying $4,000 on his own life, Sloooo
on his nephew's, and 81 900 on his daughters lie. In
addition to all this he said he had Endorsed
to the extent OF aboat 81 600 for Mr. WemOre person
ally: large part of this paper not yet due. MI
w. no aaid led i'm
and other stocks which, on examination he found 10 DE
worthless He further says that his confidence in Robert
l.. Case, Robert L. Case, jr, and Mr. Wetmore was uh
bounded he usually signed anything they set Deioro
him without question. He did not know, untii IL
was published, that he had decided his share III
the williamsbrdge lands to the company anu
that they were assets of the company. lie had
believed all the time that it the private property oil
Case Wetmore and himself He also says that he Is the
only officer OF the company who has remained at his
Office since the investigation was begun His sonln-aw
John H. Seed, wool merchant OF No. lOl Reade-s''
said that he had learned from Mr. Schneider VINO was
formerly okkecper OF the company that III many III
stances Where pOcies were marked mot in force III
pencil the books, and the amounts were ths adeu 10
the assets during the examination that as soon az tne
examinations were these pencil marks were rupDed
out and the policies appeared again In Iuli force ua
deuce In the Cases and WetmOre was the TACT hat Tue
cash blotter which lie had Kept ana upon wnieh ee
was struck and from which the general cash BOOK was
posted, was missing when This examination was begun
and was found only after dieent search among some
old and worthless Insurance blanks and other odds and
ends. 1t apparently had been tainptred VIII ana ~
some instances had been torn out OF mutiaed lie
young man mad office or twice since the
Investigation begun, bat mad soon el' aeai lOr M
home I'm Newburgh and that he believed that Case ana
his father wetmore trying to avoid arrest ana
that Of them, except young Case han Deeh III ,e
Office within the past week In conclusion, Mr. Allen
said that he perfectly willing 10 tell all he knew
about the matter and that his statement, as ABOVE
would bear the closest investigation