, 1877-07-01
|ds Gives q Slightly Rose.Colored View
Of the Company's Condition.
New York Opinion Of Mrs. Fur
ber's Business Capacities.
4 Talk with q Prominent Life Insurance
Man in This City.
TAs Connecticut Valley Bonds and the
r.: New York Real Estate Trade.

AT HOME.
/ TALK WITH MANAGER FURBER.

{ :: AT HOME.
. = TALK WITH MANAGER .FURBER.
i Special IH*pa<ca to Tie Tribune.
AAnTFoRp, Conn, June 30.--The Charter oa
nae-1nsurancc matte. develops slowly. Every
oots ie waiting for something new, bat there Ut
nsfresh movements as yet To-day interviewe
eeseral people who know Of the Companys Affairs
tsnnd j. H. Fnzoer, Manager Of the Company, ii
m soflce, serene and placid as mud-pie. lie sai
UNI the Company was not by any means in as ba
aeondition as some people in Connecticut woult
6e to hsve it appear. Itwas much better OF fnan
eaaly than it was 4rhen he became eonncctc
With il about twenty months ago. The etatemen
q the Special Commission appointed by the Con
neclcut Legislature that they had discovered al
actual deficit in the assets Of the Company Of owe
:2s.O, 900. and that there are questionable assets
amounting to over 81. 735. 600, Was, he said,
INCORRECT.
There was actually, he asserted no deficit. Th.
Commission. in it's inquiry, had nndcrvalucd tn,
real worth Of the real estate owned by the Com
pany In New York Ctr, and would no
recognize rs one OF its nssets tht
snm OF $500 600, which he (Mr. Furber
had contributed The buildings Of the Charter
Oak Company IN Now York be regarded ~ an c1.
cellent Investment They brought to the reyenucl
Of the concern $50, 600, and there were $35. 0O0
worth Of rooms vacant. Mr.. Fu1ber explained
the Charter Oak Company he entered into
4 CONTRACT WITH T3BM.
he agreed to contribute the sum of money
named, and released the Compauy from all ob'Ea-
tions to Iay it back 1t WAS then contracted with
him that he should receive ~ per cent on the In
come Of the Company. and so per cent Of its sav-
dncs on the reserve of policies which the Company
purchased. It wAs provided that the Company
could a.lnu the eontrsct within fvc years by lqu-
dating the $500, 600, and by paying addition u
fair compensation for services rendered, the
amount to be allotted to the latter to be adjusted
by commission selected by each Of the contract
ing parties.
- lie then took me to the books OF the concern,
and examined his personal account, which shows
that be has to his credit over $780, o00- A par:
II this money which WIS due him for his commits
ssons he drew ont Inst winter but invested 1t again
Immediately. Hc said. +'If the concern goes to
pieces that money OF mine eha1l 60 too. will
4iTe no man an opportunity 10 tay Am bent on
wrecking the concern and gooh]ins up the assets.
II the Company bursts, floee mora than anybody.
J.a. PATTERSON,
who is wcll-known throughout the country both
with regard to his position rs President OF the
,Travcfsors' 1nxnranor Company. aud ~ ouc Of the
heaviest builders in the United States and therc-
fore aa capable as my ono. perhaps, to judge of
the Ch2HcF Oak Ioupanys Investment in New
York, on which the Commission founded the
stlc 1cti1ns and earuestnsss uLon she matter, II.
eaid: III anybody believes what the Commission
mater is wrong. Now let me dcmonstrato he
n matter m to you
which emit lie xo1 nf kppN p1eohn Tbs conpanv sonebt
il round dcn,s* S. 900. 90, OF this s. 90 900
which the only money that could he realized would
have necessltated their sale to paper-mill- Now
that properly. IL Ssw So1k brings ~ income Of
:ef commercial depression, This Commiesion
.ays It i. oyergaiued t.i ~ because @7it it
1er o cent IN the nlssent condfton Of trade. ner
fent Is su that snvbodv. With snv reasonable idea
= hn mops os s,S H nu IT,, X
nv yay to determine it's yaIue is to
T. ca1cUIaTR f7poN IRA INCOME.
1s,v thai IN tncnme of xlso Oo0 ar the inye.t
~ - ed ettcr thsn ~ rnt
.mon Gun cxpeu. If it had been nv money
r.mId Raxc 1iyen The mar Who maoe the inrrst-
ment bonus Of $50, 900 cash Tor bis services.
r. p & snd M is net rae tas
4 S5t, o00' At present however. there are
e, 1H1
vArarr RcoNe.
Int ia that nronertr without anT yalue at all be-
esnsc it csnt bs rnteds We viii take au instance:
Tic Potter Ter Palmer Hotel in chicago could not ae
Al ~ pea ee9 @ te .nAr cpnncet:ut MIMI
frauranrn C,mnanr alone holds q mortgage UPON
ths+ nr;1dirV nf u 50o. 600. Now If this Cont
:s.,o., ,scre tn 90 to work and haul that Com
1.rr's ..s~ts over fher .rould and def3cit
'F@"' ox 11fis ITE.f ALoNF |
,.~ r., o=o m, W. - ..:nn1i huz., everx in
" - ~, ,<ax an .rcrr hant IN fte wor}d to
sa = =. .anes 81 go suta ainy is,;a1n % y ~' o1 49, ~
+h. sT.r+ ~ ~. eIn1osinn Fiji bee''
s+Th.t il dificult so tell, Without doubt 1t will
- - 9,omnnnr's NV hnsiness yeT mnch bnt
in.;," ny shst AZ nhnnt .he Iomnany and what
= ~ d66re nndar the nresent management feel |
~. ~ - hoit.t;nn 1vhatever in rayfnc ffut with nny
thire hnt fhe .nnst utrerlv insanc movements on
~ ~ ~ nf fhe rnenasers. n live yeara time there
x snrntns ~ 81 0nn 000 inst IA we'll M mot
with ree.rd IN the integrity Of Mr. Furber which
r - - =; "srar.iiv s1onht~3 7 ennId sav fhst the ~
srsions cast nnnn lin are entircly without foun-
9o.;nn Pronic cali him wFeckef because hc has |
.j.r.r~ ham enpapcd in insurance companes iusI
M liza ana + know something OF his record |
Ia ~- ~ |
" 1,1a woRK.
+,.+ r,. ar.rr cent' tha rot;cx holder,
ana IHow tnat ~ w. k:yr+h xmae;rnn Gnmnnnira
o. @ tne aa;re1 un1n +taH haye tn thant: fhis Same
eset tes@II ~! !taS ~ r-oo.e ont thc nn1irv |
I5 49, "no, ~ - r. ~r+ar MI Comnanv r. rnn1d
n9iuGts y. taI tn,s,sa,.snn cnnnfa ~ hundred
auosn " pay .le ~ th,a rnnr+ ~ fba;rs II tisthe
hn4 t; e.. thst ehicf ron1d noss;blv have
e reEretted seriously.
STATE ~ ZEE i,s.. - H.