The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-01-04

rom T1TNANT CITIzEMs INDTrynD ron
CONSPiRiCY 10 DEIRIVD
unrtf"'d's Latest nnd Biggest Sensation
Good Mr. Nnikeiry nrd his Rniirond-
Is-Judgo Micaip. white. nrd Furber.

Hartford, Latest and Biggest Sensation
Good Mr. Nnikeiry nnd his Rniiiond-
Is-J"dgo Micaip. white. ard Furber.
Hartford Jan. g. When, by his pluck
md prescsrrance Jamrs G.. Wnlkelcy had
proved to our business mon that railroad
could he built from Hartford TO the mouth Of tho
Connecticut river he boranc on, Of the most
popular men in This city lie had frocd Hart.
iord from dependence on NV ilavon or New
London 'or tide water convenience and it wns
expnced that tho opening OF the now road
would do grcnt things for this city-thcn hard
pressed v, Nrw Haven and Proyidcuco-as n
manufacturing centre. Mr. Wnlkolcy became
50 popular that in the spring OF ~ he was very
powerfully pressed for tho Republican nomina.
ton Tor Governor and received naticring vote
in the convention.
Mr. Walkeley built tho Valley Railroad while
he WIS President Of the Charter Oak Life In
surance Company. This company was one Of
the wcathiest life insurance associations lu the
country. Now II is practically wrecked. and to-
day Walkclcy. with three others-Samuel H.
White. eN Secretary Of the company; L. c. Wig
gin. who succeeded walkoley in the Presi-
dency. and Henry J. Furber late financial man
agcr-has been indicted by tho Grand Jury for
conspiracy 70 defraud the policy holders. AZ
Wakeley's friends are. or have been many and
influential. and as the States Attorney, William
Hamersley. IL man who rarely presents an
Indictment 20 the Grand Jury unless he is con.
hdent that he has convicting evidence il is tho
impression that this indictment il n very Sc
rious matter for the four men three OF whom
have boon men oi rs much influence In the city
as wore Tray and Chapman. the ex President
and exC Cashier Of the Farmers and Mechanics
Bank. who are now making shoes In the Con-
ncoiicut stat" prison.
The building OF tho Connecticut Valley Rail
road. largely with the funds of the Charter Oak
Life. WAS the lattrr's ruin But it is not believed
by his friends that MIR. Walkoley did anything
criminal. He was firmly convinced. they Sav.
that tho Valley road would ray large dividends.
ana that th" second mortgage bonds which the
charter Oak took a. security for it, loan wero
perfectly good. But the rond has never paid
and Is now in thu hands Of the II rst mortgage
hnnihol'i"f-. or about tn be- PVT q ere
Iht crippled con itiun oi the Insurance com
pnny vas k"id lniet form long time. lnves,ica-
toa Wiz STAYED of The Insurance Commits
sioner. m honest hut not brilliant man. nor
Yet bus ness man. wns hoodwinked. Thee
thcn sai that the dci,i would h. rnnio good
mat tue Nn.S'i'y mnna-cmeut would retire.
tuHt y ron N'w York capitalist H. J. Furber-
would set the company IN iis io-t Ihe policy
nold"rS W'r. Hpleus.,l. Maik"lry r.t red
JGdrr L L. Wig. "a. u Boston lawyer of good
stan ing but OF nD eS Sprr..n e In thr busiacs-.
nerhme President Mr ; IL. Nhit.. the Score
TRY uul.r tAo NalkelDy mnanscm tnt re-
pnnYs husiD -. and was n clrar-hcaded
-lr'wi man soon n't"r this change II was
that turh.r hat succeeded IN trndine of the
worthless NMl', bonds tor valuable New York
r"hl estate. ife Insurance Commi- .ionpr spoke
ID I. mot ch -'ufa-.lns WAY IN ms report OF
f., baI NJ, soTTri.ow the r .ricr oak did not 90, on
management began to spread. II was .sser;oi
t.nl i"' r'w ucn " r. tools of furbrr; TINT
they and he were ~ king the grunge and riaf
unHs- SOM ihiug vas speedily done. they
ninn uIllons- lnnve tho uoliryholirr, In
Ne lurct. Pressure hH nnr 400 Strong that an
nv -tiru'ru wis mu,iH last spring LV n lrgi.-
mtiv' commission. ltrrauIt.i in eho,,in,,T.
bankrupt cvndlt II the company hud enough
came put g. make the most cons.rNntiy. heli~y"
that the fnrl~r nrrnngem"nt was orim.ually
But the states Attorney has b,.p .nrnr-tlr NJ
work ever since. and seems at last To- have got n
Ibrtr i nnother feature Of the case that the
ultl ui thes. men must bring out Alter the
exposure OF the company's condition and Of
u.e ~ nlns brpr.s, tlIt furbrr Was carrying
ON, Misg.n. White and furb"r mad. a virtue 81
necessity ana retired. anl in some unknown
way-hut ono in which furher's finger marks
were plainly seen Marshall Jewell ~ Cover
nor "N- N mister to Russia. and Postmaster
General gnt control Of the company. No ono
could ever 1nd ont definitely how matters had
bsen arranged with Furhcr. but none Of the
current reports Is crcditible to Jewell. What
that ArrHn .rm mt wta viii nppnar anl il ia be-.
llrN"u li'l, lhstrhl ot und nR In the company
n lever which hr could use in securing An cleo |
ton to the United States Senat. next year-Jew.
ellis darling anhition-his part in the translc-
ton w.ll badly ln!urs his prO-p p,,is
II II ruMnred that other indictments may yet |
b" found. Who these other parties may be is |
IuSt now nm Interesting question here.
MMkrlry - an old man. with as glorious "A |
heal OF hair IA the magni ncsnt Stoughton |
himself Wiggin IN digniied courtly person, |
with tn" air oi u Boston ltterateur
The Court to-day Issued bench warrants for |
ne aIrcst OF tne indicted mon, White went to |
" iggin and WaSeloy are there to-day consult. |
lng about the matter. The indictment charges
that the accused confederated 10 get possession |
otthe company nor the purpose OF fdefrauding the |
polcy holders. and 50 changed worthless assets |
into real estate: that by placing n fictitious
Va luation upon the latter the Insurance Com. |
missioner was doNivcd as to the solyenry Of |
lhs company; that FurDer's contribution nf hnlf |
million to max. W an impairment was first
by hlh check. which WAS never cAshed and then
New YORK, whc mortgages were finally swal-
lowed up In th" purchas. by the company Oft the
property nortgnged. | hear that the Grand
] Jury had before them tho Furbrr-Jewe CON
tract. and that Il shows that the former took out
with him. in disposing OF the company to the
70 II. IN rrlrases on notes and other obligations
which the company assumed. Gov. Jewell wns
ono OF the Witnesses summoned but WAS re-
ported 10 be- in Detroit and did not get back iii |
tonight IL ths parties indicted are not to be
Iound in Connecticut. re1uisitions will be
HART FORD, Jan. s-Mr. White returned
rom New York to- night and at once communi. |
,ated with the state = Attorney. II Is under- |
stood that Furber and Waikeley and probably
wigRln. viii appear here TO- morrow voluntarily
and give bonds.