The New York herald., 1877-03-15
LIFE INSURANCE TROUBLES.
The Difficulties Engendered by Benjamin
Noyes and His Little Tin Box.
REMOTE CHANCES OF SETTLEMENT
Continental Litigations and Life
Insurance Ethics.

Life insurance matters have lost much OF their
citing interest during the past week, and people have
more opportunity to inquire after remedy TOR tho
evils that bcsct tho business The anxious query
among insurance managers Is whether the panic
has spent. itself whether this Is but a
temporary quiet that prccedes another storm. Many
believe that the trouble has only commenced, and
faint rumors are circulated respecting new suits that
are be commenced and other companies that are 10
be dragged into the arena of investigation
The affairs OF the Continental are progressing quietly
under Receiver Grace while the pending ntgations
are being dressed for a temperance In the courts
The Attorney General is expected to take action in
Albany as soon as tho report OF Referee De Witt shall
have been made to tae Court Mr.. William Allen
Butlcr the referee appointed under tho Hoyt proceed
ipgs before making his report has a vast amount of
testimony consider and scraps OF evidence are sti
TO be added.
The suits OF Belknap and others against tho North
America, Guardian and Universal are set down Tor
Saturday, before Judge Dykmah, az nl,o fiains. oa'
ter OF speculation. Receiver Person IS closely en-
ployed Office OF the companies on warren street
preparing statements that VIII outline the course OF
MS duties Some OF the representatives OF the lnspr-
Department are also in the same Office examining
the registers OF the Universal Company
NEW MUTUAL ASSETS.
Not little curiosity is felt regarding tho Efforts OF
Governor Parker, receiver o the New Jersey Mutual
to recover the missing assets which arc now IN the
possession OF Benjamin Noyes, OF the National Capt.
tai. That man can thus put the assets OF corpora
ton in tin box proceed quietly into Connecticut and
there smile complacently in the face OF Jersey JUS
tlce" is worthy be considered somewhat farcical.
The legal directed at thu cntcrprsing presi
dent we're order from Chancellor Runyon, OF New
Jersey a of the securities, and writ of ne
excat issued from Brooklyn which Mr. Noyes consd-
eratcy lett behind him. 1t has been repeatedly stated
by his representatives and friends that he was anxious
conclude the business, and next week" has chron
icaly iorcshadowed the delicious event
Ex-judge William Fullerton, who previously acted as
attorney for the New Jersey Mutual IN some OF these
transactions yesterday visited by the writer with
a view to obtaining any new developments that might
have to his knowledge. Mr. Fullerton said that
he had endeavored strcnuously to bring about settle
ment between Receiver Parker and Mr.. Noyes, but
the nlractaby OF the latter had induced him TO rein-
quish the task. He had asked Mr.. Noyes 10 state
his terms OF agreement In writing, in order
present them to the other sdc but this he had de-
clincd TO do Mr. Noyes To be sure, had made certain
propositions, but he refused at the Same time TO give
any spec catons of the securities which he held ard
that OF vitiaed the purpose OF settlement Mr.
Fullerton remarked that he could ascribc no particular
motive for Mr.. Noyes datory proceeding and contra
dctcd the notion that Mr. S,cdwc. the ex-president
OF the New Jersey Mutual was party to the delay.