Carson daily appeal. [volume] (Carson City, Nev.) 1873-1877, 1877-03-14

reminded u the Continental yesterday
b, r'csisiag from New York. the follow
ing.
Deaf sif: The policy. holders Of the
Continental Liie Ipsurancc COMPANY.
residing 'n New York City and Brooklyn.
frtins the necessity Of Organization for
ne protection 81 their interests. have
ihnpgnraied movement by securing
proper legal representation. and propose
I" make II general by inviting the Co
operation Of all policy holders wherever
si'ns'ed. ionr attention Is accordingly
invited TO the enclosed authorization.
should Jon desire 10 share ia the benefit
aud protection which unity OF action
among the policy holders affords. YOU
are requested TO sign 1t. giving your ad.
dress and the number and amount Of
yonr policy. and return In the enclosed
envelope.
IL Is distinctly understood that no
calls Tor money will be made upon You,
the expense reing provided for by .
small deduction. not to exceed 6 per
cent from ihe amount recovered.
In connection with the subject OF this
notice. your attention In called 10 the
TACT that an order has been entered with.
In few days past directing the Re
| ceiver to advertise for claims, aud call.
ing on all po'icy.hollers to appear IN
thls action BY Attorneys OF the Court, or
lose the benefit Of the decree which will
DO made therein. Yours. &c.
GronGg W. CRorur,
205 Broadway, NJ
Accompanying this Is blank form OF
an agreement for signing and transmits
sion. The agreement authorizes
"Mcssrs. Davies. Work, MoNameo 4
Hilton. attorneys At law" to represent
tho policy holder in oil proceedings
affecting his interest in the said com.
pany and the litigation arising on. OF its
collapse II seems TO us that the aver.
age policy.hold has been sufficiently
swindlcd by New York Life Insurance
sharps to justify him in observing Ger.
tain degree Of caution in entering into
any contracts with any parties not fully
known to him or whose reputation is no.
well established and widely known. The
more the facts concerning the Con.
tinental are made known the more oyi.
dent It Is that it's "wrecking" was "a
deliberate piece OF villainy AZ ever
was accomplished. There 10 no doubt
bat that President Frost is an arrant
knave. II ono 1.-THE OF what 10 said O,
him be true he should be sent 10 the pen.
itenliary for the remainder OF his scamp.
ish life. A recent state men. Of some
OF the inside workings OF the machine
reveal the bold accusation that II. II.
Blake, lately the San Francisco agent OF
the company. accepted q bride OF ten
thousand dollars for letting the policy.
holders OF this coast he MIXED by .
shainsless knave named Hammond, a
professional 'wrecker" who came TO the
Pacific States at the instance and under
the pay OF the rascal. Frost, and who has
confessed his completely in the fraud
lilo says tina. the whole job for hich he
was employed was to mako money for
the officers OF the company. Some OF
his confession ia reported az follows:
The company first carried on tho
"freezing-ou," plan. This consisted OF
stopping the notices that were usually
sent to the policy holders, and when
.hey tailed to pay promptly. throwing up
the risk aud Withdrawing the reserve.
hi. has been carried on pretty exten.
sN~ly ny all the companies over the
South. The idea OF the "wreckinp"
was to buy of oil the policies held by
men IN poor health. Two or three per.
sons died a day or two after l had eot
their release on their policies. I 70.
member particularly ono man named
Cu'rau. who WAS very III with rheuns,.
ism. and had TO talk with him while In
bed. lie had a $40. 600 policy. He was
very averse to tho plan at frat, but l
nnally got him 10 agsec to take 81. OO0
and smaller policy. on the Continental
plan. on which the premiums were pre.
paid Tor soiae time. This / though,
doing very we'll for the company, for the
man shortly sfterwAid died, but | did
not get any extra percentage for il. 1
think ran or all the risks on live.
on the Pacific slope. eIcep, 400 or 800.
lou do not pay . thi.d 30 much ON 4
lilo policy as you do ona 20.year Cont.
mental policy. and yet when the 20 Year,
are up. the policy goes out 81 esis,snce.
The reason vby ! undertook this bu.i.
meas for Mr. Frost was because he told
me It would DO necessary 10 do this TO
save the company. There vas On Al.
tempt TO mob me In San Francisco. and
the Governor Of Alabama wrote psmph.
lot denouncins no aud the whole plsn A
. s~indls. II. II. Blake wss the scent
Of the company In Sen ffancisco when
! vent there. aud u wss pretty hard 10
bring him 10 10 this asssassmeoo. bvt /
hnslly succeeded in doing u. He had 70
b paid - 900 IN gold. aud Ms. F1os,
add q. Hilton Scribnss, vhsa thsy were
10 California. aescs6 - pay hin b. 600
more. NJ. Blake also received 4 com.
insssios 81 Opes csss. 90 shs pvoil,s suo
~ pc eat on ~ nsv psemsoms. Geo.
w. Iho0es tesiined that Luther n
Frcse I'D 6ssvn $4,000 ssese 10 -.
mutation Ices than bic contract vilh the
company allovsd. This vas isclu1ed IL
- entry made BY NJ. Thomas. 10 lie