New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-03-17
CONTINENTAL LEE AND MR.. sMYTH

THE EXAMINAlIOS OF TIE CoMPASf-HA-hE-
CgIvER ANDEEsoN's sTATEMENrs-MR. SMITHS
REPLY.
To the Editor Of The Tribune.
SIR: In the examination of the Continental
Life Insurance Company, before Referee William Alien
Butler published in your Issue Of the 18Th inst and
f.rred TO edtoraly Mr. John j. Anderson late receiver
Of said company reported saying, in answer to
question by Mr. Sewel:
Respecting the statement made In his petition 70 tho
court to allowed resign to the effect tina. tho ac
tinn OF tho Attorney General brought for the pur
pose OF covering up the sh0rc0ilingS OF me me then
OF Insurance. William Smyth he testified
that tho allegation was made good faith and was the
outcome of assertion TO TIE effect that Mr 5hy IN
came t This city III August last To examine tho aIlts of
the Continental but instead odnhS SO went 10 bfhrg
on fishing excursion with the Messrs Frost and Others
The above statement is maciously false. and evil
IDENTIFY invented to convey the impression that neg
Iected duty for pleasure and that hoodwinked by
tho officers OF tho company At the time referred to
left Albany with my chief clerk for the double purpose
OF organizing the NewIofk and Boston fe Insurance
Company, and of spending few days at Barnegat
Both were done. had no intention OF examining the
Continental ut that time and my trip to Barnoga had
no connection in any way with the Coninentai Lie
COMPANY But shortly after my return to Albany had
communication from Mr. Hill, Superintendent OF lnsur
once OF the State Ohio, whom agreed to meet at the
National Convention Of State superintendent OF lnsr
ancs DEPARTMENTS. called to convene at HARRISBURG
PENN on the 18th Of Sept last there to arrange for
mint examination OF the continental AN convinced
that the anticipation OF this examination by the officers
of the Continental led to the secret suit before Judge
Pratt of Brooklyn which resulted IN the appointment OF
Mr. Anderson az receiver on the 18th OF October last
NV application to examine the company was opposed
nv Mr. Andersou Why, IL the company had been hou-
estly managed it is difficult to say! He employed four
eminent lawyers and paid them many thousands OF dol
lars TO prevent an honest examination My intention In
messing AN investigation enable me to lay before
the policy holders the exact financial condition OF the
put specially TO prevent other companies under
like Influences following IN the wake OF the Continental
The apparent fraudulent collision between RECEIVER An
derson and Mr. Frost president Of the company proved
NV M being OF the sIetles OF the former ana
rho dis0r.ccl disclosures Of corrupt ana Fraudulent
euagcucp establish the fact that my suit III the name
~ the Attorney General, by the Hon Henry Smith,
AGAINST the Continental has produced most excellent re-
sult The vainy OF the officers mas peeh exposed ana
restitution enforced. ,,,. ..o..., ~, l., ,..,
I'm, un and disrcing this ring Of insurance wrecKers
are, nm acquiring several indictments, leave my Official
artinu Ina Inc hands the public, convinced That the
covert acts OF those whom have exposed WIZ have but
little weight Respectfully yOurs WILLIAM ShfII
i State Acting supt. lns. Dept.
O,r,ao n u March IL, 1877.