The New York herald., 1877-02-04

the Court. according to the HERALD about SO. 600
ccsted thar a definite amount should be hxed in
the matter OF payments by tho receiver
,,sou, the sanction OF the Court Mr. richards
charged that the receiver had made false statement
TO hin In reference TO the availability OF obtaining an
inspection OF tho stock ledger, and that obstacles mad
thrown In tbs way OF counsel for Individual policy
holders by Mr.. Anderson.
Hunt and Charles NJ. Fry, president OF the Bank OF
New York, for receiver
Courts selection Of possessing all the varied
high qualifications ana discutanglemeLts than tho
counsel appeared 10 appreciate He would Ike them,
II possible, to agreo upon some person upon whom
majority OF the policy holders would agree.
Counsellor Todd recommended the name of Aaron
Canin aud another counsel urged Henry Howe for the
rcccvership After some further discussion the
Court granted an order restraining tho receiver from
making any transfers OF stock payments until his
pointing new receiver VIII DC made on MONDAY next
1udvo prat, issued the following order later in the
day:-"That the further consideration OF the SAID
petition adjourned until February g. 1877 at half
past ten A NJ.
ssrha, the receiver be suspended until the further
order OF the Court.
That he bo cnjoined and restrained from paving oa.
transporting or in any manner interfering with the
property OF tho corporation. except to preserve H.
until further order of the Court
AN AcruARY's VIEWS.
. The letter below, from of the Oldest and best
known actuares in the world contains IN nutshell
the evils OF life insurance tho plan now unduy In
vogue ana no thinking man. interested in tho welfare
Of those who come after him, can afford 10 iet sucn
advice and from such source pass UNDECIDED. Kolng
up enormous funds, putting them In the con-
troll OF few aud practically cutting OIL Inc pohcy
holders from any say anou their hard earned dollars
thus tied up giving them any chance 10 call them
IN when danger tbrealcns-this is evil which unless
promptly checked must soon end confidence In life
insurance
An Indictment has been found by the Grand Jury
against Theodore r. wetmorc. Vice President OF the
Security Lie Insurance Company, for cmbczzioment
and grand larceny IL sets forth that Wetmore In tho
capacity of clerk and servant 'was entrusted to re-
ceive a certain instrument ana writlng-to wit, an
order for the payment OF money of the kind called
bank check" copy OF which bank check Is as
UNDER
OFFICE OF rur sEcuRlrY LlrE IssuRAScE)
ANNUITY COMPANY.
NEW YORK. Now 20, 1875.
Leather Manufacturers National Bank-Pay to Aexan-
der H eFfsr wEFMS ss
III. ALLEN, Secretary.
This S. AGO. the indictment proceeds TO charge, was
fraudulcntly and felonousy appropriated by
'.witnout the consent of his master or en-
poyern AS usual, the charge OF embezzement
carries with II the charge OF grand larceny, ana on
either both of these counts he may be required 10
answer
NETWORKS Rail- BONDS.
Wetmore in company with hiS father, Mr.. Apolios
r. Wetmore, OF No. SO West Ninth street. called ut the
District Attorneys Office about two O'Clock yesterday,
bail required of MIN in the case. The bond being
filled out, those Interested went before Judge Glider
sleeve, who was found IN Chambers, wncn Wctmores
father, as above justified in the amount The group
then departed. the gray haired bondsman seeming to
feel very the position in which his son is placed
WHAT Mr. ALLEN SAYS.
The exact nature OF the transaction, OF which this
check is part is not known. Mr.. Allen, the Secre-
tary of the Security Life Insurance Company whose
name Is subscribed on the check says he remembers
having signed check for $4.400, but without
referring to his books no cannot say what the
tlcrnan who was lately suspended by tho
directors OF the Fishkil National Bank, OF which he
was CASHIER IL stated at the time that the CASH
er had allowed several gentlemen TO overdraw their
accounts that consequence o bad business they
were unable TO make good the advances. The Secu.
ritv Insurance Company and the Fishkl National
Bank had long had business relations, and
very often checks were made out IN favor
of the bank. Mr. Allen says that his i'm
preston IS that check the result OF trans
acon in gold, but be Is not certain He says he can
not understand how Wetmore appropriated tho money
to his when the check was drawn to The order
Of Alexander Barton, unless the two had some agree
ment or understanding.