New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-05-08
NIW-JEhSEY Mutual ASSETS.
WHAT oNE OF TIE INDICTED DIRECTORS SAYS
now HENJAMIN MOVES ACCOUNTS FOR MISSING
PROPERTY.

WHAT ONK OF TIE INDICTED DIRECTORS say
now HENJAMIN MOVES ACCOUNTS FOR MISSING
PROPERTY.
As previously announced five of the New
York directors OF the EewJrcy Mutual Life Insurance
Company were indicted yfhe Grand Jury Of Essex
County. y. j., Tor conspiracy and enpeLAement i"e
ALLEGED crIDc2zcncut consisting IN having divided
$50 600 among themselves. One OF the directors in
dicted Henry W. Baldwin. called upon yesterday
by = reporter of TuE TRIBUNE. Dir. baldwin stated That
he was not at all surprised to learn Of hs indic-
mcnt as ne understood that Mr. Kelsey Secretary ~
The State and Commissioner OF Insurance OF New
Jersey was attempting and had attempted IN every
possible way. To do him personal damage. He
-ad lie believed that Mr. Kelsey did this because Of his
cir Baldwius knowledge Of the nature OF the cxanna-
ton o! tine New-jersry Mutual made in 1-7i-whch Nh
Baldwin declared to bc frauducni-and Of Mr.. Kelscy's
responsibility for il. Nj Baldwin then made assertions
about this examination and about NJ. Kelsey similar
to those winch made lust month 10y
BENJAMIN NoYes and his friends. Mr. Baldwin
declared that the charges against him in Mt ke'Seys
report to the New-JcIscy Legislature IN January were
entirely alsetlnd that Nj. Kelsey knew them To he
false when he made them NJ Baldwin added that he
informed tigt IN the Application for rcquiston for
the indicted directors stated that an OF them we're
fugyc5 from justice lie said an no fugitive from
justice not only that but should the state OF New
jersey be unable to induce GOV. Robinson TO Issue
rsquiston in my ease shall them after the relustion
la, been permanently refused, immediately appear in
Newark flc such bonds a. may he necessary and de-
maud immediate trial" in regard to his connection
with the Ncw-Jersoy Mutual he declared that he had
done nothing Of which lac was ashamed. nothing that
under like circumstances ie would not do again.
Charles T. Shelton counsel Of benjamin NOycs, said
last evening TRIBUNE reporter that at the trial Of
Mr.. Moves at Newark Thursday it would he proved
whcn where, aud by whom the So 900 IN United states
bond, ia dispute sold These bonds were all
numbered, and would be traced hy their numbers IL
would also Doe proved that ~ 5000 Of the $4,000 now IN
dispute derived from tLc sale 81 mortgage which
was in po--on " George j. SChcrmcrhOru ami that ut
Noyc. sid mot dollar Of it that The remaining
81 900 was drawn Of the banks IN NcWYUrk
ana divided between Dir NtcLHe and other persons, 10
portion or il coming into Mr.. NovfS's hands.
Mr. NoyCs himself ait,rWdri said 20 the reporter, in
Jersey Mutual Life mat Mr.. Kelsey mad stated that
there exhibited to him. Dee. 20, 1876, Tl32OCO Of
United States bonds, OF which OHuCrsuip could be
proved by the c0mpanys Casi-boDH and that me had
reason O. believe that i7OOu Of these bonds really
held collateral fora note payable 90 The Chemical Bank
II w0uld be proved, said Mr. NOyes, that $1,000 Of
United bonds sold Dee 20, and that the sale
claimed was the numbered list of the bonds. The
tract ~ reinsurance IN the National Capitol life bore tie
date Jan. 26 1877 so that these bonds sold .
DAYS prior e. The contract ~ would also bc proved that
$50. 900 Of the $4,000 In bonds sold between
Dec 20 and Feb Dy j. J. Anderson and We're m
his ONT Noyes hands. The Tl32,O0O stood fplOwsl
SOFA Dec ~ '..s'.---$ti ,yvU
sold Dec. 20 % =. I. 10000
sold prog0 20 Dec. 29.................. 1900
UnACcOuulrd 3,lUO