The New York herald., 1877-02-07
CONTINENTAL INSURANCE COMPANY.
EnEE--D. J. MOVES INTIMACY WITH THE
vAULTs--L. W. FEosT's ''coNMUIED COM

PROCEEDINGS YESTERDAY BEFORE THE REF
EnEE--D. J. MOVES INTIMACY WITH THE
vAULTs-L W. FEosr's ''coMMuIED COM
MISSIONS"
Examination OF the Continental affairs was resumed
yesterday afternoon before William Allen Butler,
referee
The first witness called was the former cashier OF Tho
company, Mr. Iv. Styles He testified that he had tho
combination Of the safe went into the safe Sunday,
some three weeks ago: there with me Daniel j.
Noyes w. Frost H. G. Frost and Mr. Crofut came
tho officc aftcrward never knew that ME Noyes had
any keys 10 the inner safes; thcro were two inner
saies--one with combination and one with key the
latter contained the bonds mortgages the combi-
nation safe opened ON that day by either r.
G. Frost by d. j. Noycs; somo papers
were taken from tho vault; think they
werc letters belonging to l.. W. Frost; D. j.
Noyes was In the vault while was not looking;
the papers seen In this Office afterward;
owed tho company $4,000 mortgage,
which afcrward increased TO $76, 900; paa of
81, 500 Of the amount with money received from tho
company; met tho Messrs Frost tho Saturday
evening preceding the Sunday on which entered
the office; met in the company's office; was un.
dcrstood that we were to meet again on The Sunday
for the purpose OF revising list OF bonds aud mort.
cages; stayed Al the request OF Mr. L. W. Frost; tho
work 10 be done OF certain transact IONS
that to take place on tho Monday fo,lowng did
not notify Sir. Anderson OF my intentioR como
hero ON sunday think he was aware OF II, however:
ID. J. Noyes had been the vault unaccompaned on
previous occasions TO my certain knowledge; tor somo
reason made revision OF the bonds and mort.
cages on that day
COMMITTED COMMISSIONS.
Witness wns theu closely questioned with regard
certain entries in tho cash ana other books. IL
pearcd from the testimony that Mr.. L. w. Frost re.
ccved s35,0o0 Tor commuted commissions on Septem-
ber rs, 1876 Witness was asked concerning certain
checks which had been drawn since August 1915, tie
testified regard 10 several that tho dates haa been
changed in the check book Ho received $500 on Feb
ruary Tor Working extra hours.
BY suggestion o the referee further inquiry was
made into the amouots Of commuted commissions
credited 10 the account OF L. W. Frost. Witness read
from the ledger the following entries OF that dcscrip
| tion: September 8. $4,000; 14th $4,000; 20ti
$24 900; 2jlh $25,Op0 10th, $40, sI2 "a; 30lh.
81, 1O4 % total amount OF $50 9i6 sG comm ed
commissions credlSd TO |. W. fro-ts in the
month of september, 1876. Witness was unable 20
say upon what basis these credits givcn knew Of
other directors OF the company who received simi.
| lar paymcnts
PA TWO BROTHERS DEAR.
Witness said that the entries which had been read
were made at the direction oi r. e. Frost who was
acting President at ihat time. H. G. Frost and L. W.
Frost are brothers.
On cross-examination by Mr.. Seweli tho witness
testified that he believed the meeting referred
revision oi bonds and mortgages had cton
with scheme 10 start new company from the re-.
mains OF the old witness read IRON tho bond and
mortgage book a list Of ten mortgages, aggregating
$07 600 which had been transferred the sew Jersey
Mutual Company
Mr. William Fullerton then called and produced
the papers connection with the New Jersey Mutual
an the Grant case. Alter n brief exam
ation relative TO tho lees paid To witness
the reference adjourned until tomorrow (Thursday)
two +. NJ.