The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-02-03
INDICTED FOR THEIR CRIME.
WARRANTS FOR THE ARREST or TIfD
SECURITY's OFFICERS.
President Case, vice-Prcsident wetmore, ara
the Secretary and Actuary Charged with
Per1ury-Mr. Isaac II. Allen Gives Hall.

the Secretary and Actunry Charged with
Perjury-Mr. Isaac II. Allen Gives Hail.
Tho account OF tho Indictment OF ths
officers ofth Security Life Insurance Company
printed in THE SUN on Wednesday WIS cor.
rect. The indicted officers are President Rob-
crt L. Case. Vice President r. l.. wctmore. SEQ.
rotary Isaac II. Allen. and Actuary Robert +.
Case. Jr. The Grand Jury that made the in
dctments is an adjunct OF the Court of General
Scssions and in that court Mr.. Allen appeared
yesterday. in response 10 notification from
the District Attorneys office. Ho was accompa-
nicd by stephen H. Post and Henry Dickinson.
who came TO become his bondsmen. Judge Gill
dcrslecvc fixed the amount Of bail at $4,000. and
the three men wcre sworn by the clerk Of
the court in the usual form. Tho proceeding
did not occupy over two minutes and did not
even break into the ordinary business OF that
busy criminal tribunal.
The indi etmcnt against Secretary Allen alleges
that IL IL the duty of the officers of every life
insurance company TO make a correct. sworn
report of assets nj the end of every year, In
February last. Allen and other officers Of tho
Security made such report for 1875. They in
that document swore that the cost value Of the
Security g real estate. exclusive OF encumbrancc.
was si60.s75. whereas the real value was not
more than sjOO.00O that the cash in the com.
pany's Office was snsls. whereas the real
amount WINS not moro than 5000 that the cost
value of stocks and bonds owned absolutely by
the company was 1892 1877. whereas these secure
ties were not really the property of the COM
pany; and that the companys cash deposited in
banks amounted to si72,s9O, whereas the real
amount was not more thnn sl50.0OO. The con-
Guiding paragraph Of the indictment shows the
still employed for such purposes:
nth T9e & Juror, ora pore.3d TRon s @ r., caa & %fcrespd do 2
IN the year oi our Lord is7G before te said Moss
MscMy m@9,ry @ Hse a. 10y ni, own ACT Sc, ana
manncr and form Aforesaid falsely knowingly, wickcdly
and corrupt perjury to the di'lcasure Of Almighty
Cod the evil .Namplc o ocr., asainst the torn OF hs
people tic STATE oi Sew York and ihcir dsuiiy
Nether, Of the three other Indicted oflccY
nothing has been decided. 1t may be in cithoI
of the two Courts Of General Sessions, which
9rs always II opfraiion daiIy or in the Court % o
there is an overflow of criminal business IRON
the Sessions.
In answer to inquiries made at the Security
Of the men in charge said; Mr. Robert i.
Acuary, have not visited this Office since about
two weeks ago. An officer of the law was here
today win warrants , for thelr arrest. | told
there TO take them into custody; Mr. Theoa?re
II. Wctmore, Nice-Prcsidcnt. who lives ut New
Hamburg, has not been hero within three
weeks He Is liable tor civil suit for what he
that could be- got hold Of. the receiver would sud
Old Mr. Isaac II. Allen, the Secretary Of tha
the gcntrman added, but do not think he
Is morally guilty. He was Secretary only in
name. and appended his signature 10 whatever
paper. was laid before him. without eXamina.
ton Of the contents. Mr.. Allen placed implicit
confidence in the other Officers and they easily
deceived him. 1t IL said that he lost large
amounts of money, by following the advice u
Mr.: Wetmore in making investments"
Mr.. Allen is n creditor OF the suspended
company. holding policicr on the lives Of
himself and members of his family. In the
assets of the suspended company are lands at
Willamsbrldge which Mr.. Alien did not know
that he had decided TO the company until he
read 1t in the published annual report. This
WAS one OF the results Of his signing papers
without knowledge OF their contents.
A friend ot Mr.. Wctmorc said that he stood
on the street yesterday in tn" pouring rain,
await NJ the service Of II warrant for his arrest.
=. Why. he could give million dollars bonds
II required. / cannot say whore Mr.. Case Or
his son have cone. am told that they have
gone South. Whether tll stat 'mrnt is true
not am unable g. say. This | do know. how
ever. thai Mr.; Wotmore VIII lace any charge
made against HIM.
Superintendent Mccall sni1 last evening: II
do not think You will find th'~,' men. Perhaps
tnry may turn UP. but iiso, twill be with "a lc.a
pruning fork"
At Ludlow street iail ~ worl was heard from
thUse VINO had the warrants in charge.