New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-02-26
LOCAL MISCELLANY.
A MASS OF DEPRECATED SECURITIES.
LITTLE VALUE OF A CONSIDERABLE PART OF THE


LITTLE VALUE or a CONSIDERABLE PART OF THE
CONTINENTAL LIES ASSETS.
The State Department of Insurance, ignoring
the Judge Pratt Of Brooklyn on Saur
day continued its examination into the affairs OF the Con
tiuenta Life Insurance Company, before ADram d. De
Witt at No. 20 Nassaust The unusually large array Oh
counsel included in addition to of those VINO nave
been engaged in the reference before william Ahen
Butler Attorney General Farchild Robert Sewal'
william Barnes John McKeon, and John L. Hill. Seth
C. Chandler the former actuary OF the company, tfsu
fed that at the time Of its failure there were 1904 ouE
standing p,cics insu1ng S3S-0l2l3; - inatnfed en-
dowmcnts valued $503jO; loans on policies Sl'-oo
Os7; the death claims against the company ahouneu 70
$l3J,OGO 49,
william r. Grace, the present receiver made report
Of hc cash and securities which had been turned over
IN him nv Jo,p j. Anderson rs follows: Cash. or It's
equivalent $l64 800; bonds and mortgage some %
which had deprecated in value and others 81 "'c"
were worthless show Oh the face SljO3IVVV' 'o"
tircntal building, estimated by John j. Anderson ~
100000; 10 YOukeIs city water bonds $IVVO''
Among tine eprecatcd and worthless securities are the
following: Two notes Of walter r. Bake Tor FlVoZ'
each with 90 shares OF Continental stock as collateral;
Die Of J. H. eisebcrg for Sl1 800. with - shares Of
continental stock ~ collateral; - shares OF Continental
stock issued 10 RUFUS C. Frost; 40 shares OF inc ''
Issued to 6. Hilton ScIiDucr; lJj shares OF the same
to Luther W. Frost; note OF "iiam - VIM
upy $50 ~, secured OJ ""7 9H'i''
of METROPOLITAN steamship stock. J.. NsWita t5tm.u
n1 "a part OF Mr. Whitney note has been PAD ana y5
t.t frgn Securities arc worth than me lace vdic
AMONG the securities transferred from NE u3IdhcJ -H'an
90 Bank were % mortgage tor - 400 ON me k 'r4 -
nr g. Hilton Sc.lbnrr in NOuScrs; loaioI - 'yl' -
- iii.fou -cIlblrr with Empire MUTUAL Lie Insurance.
rna ,auy's stock %, collateral The following 5'tcs oi
T. rirr Stock had also be-, Ieed "a cOliI''ll Jus tH'
rGtut- borrowed old not appear on tc rhht oo' W -,
IN, name OF UrOuis>uTy notes; Chdlhciy ~ nst'' ~
-,,g 4 : g. II iton sciYncr, 100 shares IL j. bh'"P'
30 ,i,. J. j. HiiuJecA, % shares huth,t ", lIon.'
l.ID ,r,.. jG-tu. Law renee, 100 sl!ar't Ne'i ~
Cr,iuf l. shJtes james =. Rogers, 10 shares tn'Sn5
receivable worthless cnarhs amount n- ~
500; notes uI LItAeT Vs. IG,-! amounting 10 ff'VyDI
rn,r- o. T. C. Ea.ant. $1,000; also, didita on Wy
J.i,rv Mutual part of which had D'eh ace picu
b. j. II. Scdwe sglci Dy Lutnci W fto''' aiho''"'
To ~yDUOp.
un- reference was a joumad to March -..-,.,
william X. Grace tJu lflHJNt rriul V' l'"I'' -,
f,t s.,.ja,n NUyc. President % the Nat Oha CIptu
had. Insurance COMPANY nod nOi Ic. D'tu oti''i "'I
M, wit az ne 5c0t aud that tn aItn-eheu hddr 10!
. t.fr rN-t.u, .uH ItTn,I tuU receiver 81 tlc Now
i.r..,. tIiiulI. las: week u3q DrcH bruhcu ~ H'H
90 r.ila!-.r fip bona, ana mortgages ho'1'5 y" ~
,ouf u.utyI winch said 10 Dr IA hl, l"a7' ION
.r,. cua,lls. rhs ..!i 900 Transferred by LJ ,"hl.
I...aI I'D iii. Ncl.-J-ls.y hIutUt and HciWdid uaiT
fr.,I I'D i.niu Nuycs, WltI the exception Oh We
sIsl o, ii the pu-s,-s on Jr cSJIdcc EuiitHuE' me
detectives who are tr!Iug 10 sci.r ILr Fb!r', -I
trgt i.uImig Nuyc- Jeremiah ~. 1cHW. ana DLhIel
L. Move ,yno.s ri.o party The proceedings DtoNSlt
lu d. nal. az the Scw-JrrstS Mutual, are hp. III -,Io
York cI Ncy-Jt!.E. j. u. lu'A'tIoh. tc 2C' 80!
tr N.W-lr.~r IutUd! !3r u,gH '!F,- ti on 1t cli1c
s.iil. la swearing to falls" duu-! stat lh.4t -
J,.t.r - Do Dut been released Ou fJ,vJO ohII 10
await The acuJn o. Jls Grand jury