The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-05-01
REcEIvER pARKER,s SUITS SETTLED.
The Defendant. In the New Jersey Mutual
Cases Agree 10 Pay $4,000.

In the Essex County Supreme Court at
Newark yesterday morning. Judge Depue
called the suit Of ex-Gov. Joel Parker as re-
ceiver Of tho New Jersey Mutual Life Insurance
Company, against John II. Kase. G. c. Lathrop.
and other directors and stockholders for the
recovery OF 100000 which. it s alleged. was
Illegally withdrawn from the assets Of the COM
pany on jan 20. 1879. when tho Hope Life In
surance Company of New York rcinsurcd in the
New Jersey Mutual. After tho special panel Of
forty-eight struck jurors had been called Lud-
low McCarter. attorney for Receiver Parker.
said; " Your Honor. these cases will not he
moved" After pausing minute he added
These cases are settled" Judge Depue then
discharged the special panel Of struck Jurors
with the thanks of the Court.
There was Il nuttcr Of excitement after tho
Jurors were dismissed, everybody inquiring
for the terms on which the suits were settled
1t was generally admitted that the cause OF
settlement was the appearance OF J. H. Sted-
we'll ex President Of the Jersey Mutual, in
court on Monday. and the announcement Of his
Willingness to testify for tho prosecution in all
the suits; The counsel on both sides met
in II. n. McCnrtcr's office on Monday evening.
Tho persons against whom the receiver had
brought suits were John H. kasc, President uf
the SECOND National Bank; G. G, Lathrop. for
and VIM. NJ. Force. formerly President OF the
company; n, Hon, 4. d. Peddic, member, Of
James q Barn",t and ci""rrn Re,ere' If wns
understood, however. that IL the receiver won
these suits he would ut once bring suits against
the others Of the original stockholders tor
their cstates). who arc :. II. W. Heath. Danel
" Wilson. Dr. John L. Ward. James VI. richcnor
Marcy Mccoy. David A. Hayes Aaron Carter
Lr.. j. ID. Orion. cnshior Of the Second National
Bank for FL Rowe Of Brooklyn; HosraF Clark
of Jersey City and Dewitt &. Jayne OF Orange
county, n. Y. The counsel for the defendants
ilrst offered to settle for flfy per cont. and
finally offered 100000 which was declined
The counsel for the receiver demanded tl2uO0l
and agreed to settle the whole thing Tor thu
sum, the arrangement to include all who worry
sued, and those who were not, the counsel for
tho defence to induce them to come into the
arrangement. The counsel reported To Chan
ccilor Runyon, who advised Il settlement on
those terms. Some who wore not sued declined
To settle. and II was arranged that all who wore
sued should settle The claim against Mr..
Force was sl5OO0. which, with interest
amounted to t2u,0u0; John II. Kusc. 81 800:
the Hon. r. B. Prddie. and tho others 81 800
each. The conference was adjourned 10 give
the counsel for defendants time To consult with
the other stockholders.
Early yesterday morning the defendants and
the lawyers met in the private Office Of the
second National bank. and the following give
their checks Tor the amounts specified: VIM.
W. Force. si2OOn: Mcssrs. Heath Shone, Bar
nett. pcddie. 1irhruor and Luthrop. each.
$4,000; John II, kase. $4,000; the Wilson as
tate. Sl2.OOO. Mr. Aaron Garter, Jr.. agreed TO
pay $4,000. Suits will b" brought against the
rest of ths stockholders IL tnoy do not settle.
After counsel fees are paid out Of the s120.O0O.
the policy holders will have 100000 clear.