The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-02-23
LIFE INSURANCE OFFICERS.

THE CRIMINAL PROCEEDINGS AGAINST rHu
NEW JERSEY MUTUAL ACKNOWLEDGEMENTS
OF WARRANTS, BUT NO ARTISTS
Within the past six weeks criminal proceedings hays
been successfully commenced against tho officers of
three life insurance companies. or tho IN.
dicted Security officials only the Actuary Robert
l.. Case, Jr., has failed appear and file
bonds Upon tho President and Secretary of the Con-
tnenal have yet been served although "a
Is known that steps toward their indictment have been
taken. 1t yesterday rumored that Benjamin
Noyes President Of the National Capital Life Insurance
Company. to DO criminally prosecuted for con-
spiracy to defraud the policy holders OF the
New Jersey Mutual the assets OF which were
transferred to his company Such announcement
naturally created good deal Of SURPRISE as It was
difficult to upon what possible ground tho charges
could be based against him. His conduct in the prem.
ises while conceded 10 be far from straightforward
could not be considered criminal.
The mistake from confusion of his iden.
tity with that of Daniel J. Noyes the at
torney, at No. III Broadway who has long
been the legal adviser OF the New Jersey Mutual. He
concerned together with the President Secre-
tary OF that company, in the criminal proceedings
stigated against them some three weeks by
Henry G. Kelsey, Secretary OF State OF New
Jersey. The latter Official, instead of waiting
assemble, made afhdavts before Justice Jcssup IN
Newark, aud obtained warrants for tho OF the
tnTec persons mentioned
CONSPIRACY AND PERJURY.
The charge preferred against Daniel j. Noyes
of conspiracy to defraud tho policy holders, principally
based upon the hctitous mortgages obtained
by him on some poor property In Middesex
unravel;ed in tho HERALD three months since.
Charles H. Brinkerhon, the Secretary, charged
with perjury N swearing to false stat ement Of tho
assets and President Stedwe was called upon to
swer TO botn charges OF conspiracy and perjury.
Some delay was experienced in obtaining rcquisi-
ton from Governor Robinson, upon winch Stcdwell
and Noyes might DO arrested few technical changes
nccessitated IN tho afidavts prepared. VIII ch
difficulty being removed, the requisons granted
Wednesday last search commenced for
the men. deputy sheriff and constable from
Newark, assisted by a deputy In this city, haze been
diligently employed in the case, but thus lar have
failed either of the persons wanted. Secrc-
tary Brinkerhon Is in Newark and understood to
ready any time to give bonos but president and
attorney may not be so agrecably disposed.
WHERE ARE THEyy
Opinions differ widely as TO the whereabouts of Sted-
who is wanted on order OF detention. Rumor has
1t that the two far apart and IL SAID that
usrious trio has been formed by the additional
pany of Luther W. Frost ex-Presldent of
the Continental 1t is not probable that the
three in company, though they most
undoubtedly in constant Communication with each
other. lnQuirers for Mr. Sedwe at the Brunswick
Hotel in this city informed that he is in Washing
ton. while at the National Capital Office IL is given
freely that Noyes in New Haven Conn 1t is be-
leved that what they aim at accomplishing before
giving up the assets in their possession is an nmu-
nifty from criminal prosecutions