The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-12-05
DR.. LAMBERT'S CASE.
TRIAL OF rHE PRESIDENT OF TIE AMERICAN
POPULAR LIFE REGULARLY BEouN-oPENINo
AnDp nas IN sHr pposprrrrroN s.ef


TRIAL OF THE PRESIDENT OF TIE AMERICAN
POPULAR LIFE REGULARLY BEouN-oPENINo
ADDRESS OF THE PROSECUTION.
A miscellaneous ssssmblags yesterday nllsd the
court room Of Oyer and Terminer, Judge Brady pre-
siding, TO hear the Of the People against Dr. T.
s. Lambert. late President OF the American Popular
Life Assurance Company, charged with having sworn
10 false annual report Of that institution the su
perinssndsnt OF Insurance. Tho sppsnelng OF .
jury resumed and completed before two O'Clock,
win the folow wing result
Byron q. Stokes. gentleman, No. "a West Twelfth
street; Jacob Conn, tobacco, No. l44 Wafer street;
Henry b.oapp. broker Ne 10 Now Street. George
Xerkis. iuruaces, No. II Bsecker street; Gustave
l. cohu, paper, No - Cherry street; JohnJ Coady,
real estate, No l5l East Fortysec3nd street, Charles
William a. Senior. undsrtaEsr, No. 10 Carmlns street,
William Hrpturn, PAINTER sH No. 7e4 E'rS,h avenue:
David Fox, caps. No la2 south Fifth avenue
Among other questions put TO ths Jurymsn by the
counsel wers:-Are you ssocknolder or policy
holder In any insurance company Did you read the
remarks Of Judge Davis when he sentenced Cases
Did you read the report the HERALD OF the
OF the American Popular LIEF Have you spoken 70
anybody on the subject Of DR.. Lamberrs gulf
nocences Have you borrowed money from any In
surancs company. &c.i Fearing the might be .
protractsd one ots OF excuses forthcoming from
among The persons summoned, but most OF them were
OF domestic character.
APPEARANCES or THE DEPENDANT
The prosecution WAS represented by District Attor.
ney Phelps anu Assistant District Attorney Rolius
defence. assisted oy r. IL Dawsou Charles spencer nS
and tx-Suporintendent OF Insurance. William Barnes.
Dr. Lambert aud his son sat IN she nsignborhood Of
the lawyers. The accused Is man oi midule size,
past hfty years, with beardess oval lace u swarthy
hue ana scanned with numerous wrinkles around The
mouth and eyes His hair IL IRON gray, aud his
dress and general appearance give The impression
o. an inteiligens, respectable, elderly man, calcu
| able manner He betrayed soms little emotou
wnile Mr. Rollins WAS making LIS stat, nent Tor the
prosecution ana At It's nvncas,on sa,d 10 uegn Dor
LIS great shame lor man IL stand up ana expose
mo III that way I, The jury aud the puollc when he
knows amt no. and Thai can make It all appear
clear as TWO ANA two" HIS son, who sat him, Is
tall, thin, pale young man Of ABOUT twenty, and in
has iace there we're pam aces OF embarrassment NJ
the position occupied by his father. The latter Kept
notebook his haad wnne the prosecuting attorney
was speaking, aud jotted down memoranda every lew
formerly secretary OF tue security Lie Insuranc.
Company, anu now under Indictment tor perjury He
- over seventy. with white HAIR ana head suggestive
| OF voltaire'A nf f094 Ttt
STATEMENT or TaK PROSECUTION.
After the jury was completed Assstaut District AZ.
torney Rollins arose and SAID The defendant At the Bar
Was formerly at the head OF a well known insurance
company, and that he was accused OF making false
declaration OF It's assets. This he would ~ clearly
TO the jury anything could be shown. Insurance
companies had within The last few years shaken the
confidence OF me people 70 very great extent not by
fallen them aud that the best Of managcmen could
not provide against, but through the downright swn
ding OF those charge In tho matter oi the Popular
Life The company paid dividends OF seven per cent
from out OF the capital, and four tenths Of tue div
dends went to the Executive Board -tentns 10
the stockh olds In tnis way the oil $l9 9l5 was
made away with. stock subscr iptions we're received
$50, 0OO odd Is put down being received In
THIS WY, whereas OILY $4,000 were actually paid
over. On December III, 1876, the company sWore II
had $40, 600 the Salem Bank, when account with
tue bank actually 80 cents short In the follow
| ing March the company swore II was possessed OF
$243, 900 in excess VI liabilities, whereas
than that amount out In tue Item OF uncoliected
premiums he would prove that LOST policies were
bogus and only three genuine Another item IN the
report loan Of $26 900 hrtytwo shares Isl QUO
. share) OF the United States Publishing Company CON.
| Quoted by Jonn \. Tr0w. He would let thcm hear
Mr. TroW swear that ne never received tho loan Of
cent on any such transaction. stocks and bonds to
the amount OF S7275O regularly appeared In tho
nuai reports oil the company NJ assets which were
never purchased, never paid Tor and never In
sion Of tho company. tho furniture, which
Bold tor $500. Counsel quoted from "Mar-
| TN Cnuzsew,t" ABOUT the ..Anglo Beugaiee
| Disntercsted Life Insurance Company and OK
camed ~ now introduce TO you IN The person of the
defendant Mr.. Montague Tgg, oi the treat American
Benaaee Popular and Dlsintcrestcd Lille Insurance
Company, and II, gentlemen, you want 10 get rlch,
| why don't you DO as he did, draw checks on some
In Mr. ROLLINS speech supplied from the report
OF the receiver oil the deiunct company, which was
published In the HERALD short Sime ago. On The
conclusion of Mr.. kolilns' speech II agreed TO
adjourn until to-day At eleven O'Clock when the OK.
animation oil Witnesses Will begin.