, 1879-03-29
THE COURTS.
Revival Of the Old Globe lnsurance
Company.
Statements as to the Way In Which It
Was Kept AQoat.
Record of Judgments, Etw Suits, Dnsintss
Sguabbies, Etc.

oLatca SHcuiI A8uft Ye5tcTua! ny George +.
Harding against Asbury F. Fawcett and Il. +.
Jenkins, Assignee Of George X. Clark, to stop
tho prosecution Of certain aulta by them. Uo
states tl'at on the 10th Of February, 1876,
THE GLOBE 1xsunANoE COMPANY
held aud owned i've notes for ty.125 each made
by tho South Chicago Lnnt q Building Associa-
ton, dated Aug. 81, 1877, md due IN three,
four, five, six, md seven years respectively, nni
nll secured by trust-dccds. The Insurance
Company, being In trouble, offered to sell these
notes to George F. uaFlinH for e32, 600, and
le bought them. Tic notes wcro not
then delivered to him, and lie Inns novcr been
ablc to get possession OF ono Of them, but the
Company collected It md used the proceeds
f9r tlls'nseyes. The other four notes wcro
Ing was compelled to ndvanco the further sum
Of $12.00O to got possession Of them. Al The
time a. F. FHwcett was tho President OF the
notes with tlc Insurance Company In, trust,
them, Thfa Harling dcn!cs, and ho e''ls, goes e.
on on Il give hi; t'a'gss Fsr,e't n Jsnaa s
vIth ono iiolmes and others to resurreet tis tSa
Insurance Company, which hnd BECOME insolv.
cnt by tho flre OF 1871 "by evadtng tho law
regulating insurance companies while pretend
mcnts md furnishing tho most solemn and
formal evidences Of regularity and aolycncy.u
To that end Fawcctt subscribed for S5O,U00 Of
ths stock of she Company, ant' gave l'is note for
Eome property in Washington Heights. The
stock was then scaled down Is per cent.
The COMPANY still needed money, anu
th1a ,hdns ~af BY apleR!1s stoe on
bad f48, 600 Of stock unsubscr.bed on hanl, md
Fawcctt agreed to buy It, giving In payment all
Inc notGs Originally secured by another mort
gage. Faweett claims the payment was not
~ -
Walkor, and TINT the agent exceeded bis att
thor!ty, md Tint the notes In question had been
LETT by hin, with tho Company In trust. For the
years 1916 1871, aud 1870 all these notes and the
1oitEaGe securing them were represented by
thr Company, to The Auditor Of the State as part
u Its assets, by Fawcctt'a permission. 1n lS1}
FaWcctt took nD Ills stock noto for s5OG00,
es,Eo,i EenE n exchange no5gaeo called he
changed, was utterly illegal ul,l void. During
the years 1878 md 1874, Fawcctt. George X.
Clark aud 3: r: Walker, WHO had nnaa some
money. thus getting out OF tl.eir liability.
Harding then goes on to riye 4 very de-
tailed account of how Fawcctt uu1oadsd Ills
to Clark una Walker, hIs icneh'ncn, who prs. s.
tended 70 give other security for It, In the
1irs Of 1874, tho Company last about $780,
COO, and became utterly iusolvent, md
ih the books BY which even the inaurance ex.
perta were deceived. The parties III control Of
tue Company bu!lg naturally desraus Of get
ting out At such jnncture, un1oaded s75 900 Of
ttock on the firm OF Harding, Mccoy & Pratt.
This was done bv representations that the Coa,-
pauy was In 4 lourish!ng condition, and Ita rap
ital unltnp0ircd. Clark thru agreed without tic
knowledge y the Board Of Directors to acknowl.
Of Of, ;Fhawcctt, h BY which Tie, Company ad; a.
IT. 4 4 Is eva q !S% ssosk 'eaaSa a@! s.so S slsS
Bndur Company. fits was done ieG ie make ''ii i
sopssar that the Company owed Fawcctt, instead
Of Fawcett the Conpany. Complainant now In
s!sts thot Fawcctt has becu paid three times
&C. e soas asG ns'ts s ss' uasi Ss 5 S st
against the Company's claim aeatust him tnu
claims Fawrctt Inns against the Company. scv-
recover GU these sano notes, md hc wants thu
prosrcu ton of lie suits stopped until settle
ucnt Gun be made With the Company.
ANOTHER.
George F. Harding also filed bill Yesterday
ae1inss George <. Clnrk; lsahella II. Clark, A.
bradford Hancock, Assignee, mud large nun.
ber Of others to forecoku une trust-lccds tlladc
by Geosce X. Clark and wiio to tl,u Glubs III
snrauco Company 10 secure bnrrowed money.
for st, 000 OH Lots l and IA In Asscssors subdl.
vision OF Block 522, except tho nari', eghty.ftyc
1eei Of Z; T. Subdivision of the W: Il ot Sc. ri,
90, Il. Ono datcd tho satne day for s5,UO0 on
south fourteen and onc-hall feet of block 59 OF
e; 4. Subdivision Of tic ". " Of Sec. 81,
~ u. ~ AnoteT tsd q te samo Sa d aats is and
for s4,uoo, on Tic N ". 4 Of ses. IS, 70, 10. ii
!roquols County, Another OF tho sumo date
far 81, ,0o0 on the s, II Of Sec. 10. 20 10, n tic
= sauS IN soan, n ~" Uns nats1 e. Jnno ~ l5's 1o9
the ". u OF the s. ". Of Sec. q, a5, IL, ia
lgoqnots County. One dated March q, 1874, tor |
tl5 000 on the $. Z. Il Of the 8. +. u Of Soc. 70,
st. n S sso &C., essy ca s s. q; 1'sf Il see
the ". III. acres Of the $. r. Y Of Sec.
Of sse. g. ana tho Z. " Of the s. ". II 81
sssd AUG ii il, j ISL !ap aso.y On ses Is g.
County; Soc. il, %, 10, called the "Ifeim
Farmn IN Kankakeo County, the 8, n and the
Farm. In Iroquos County; the n. E. " OF See.
90, TO- s, called the Thoughts County Farm,n
fl Doug!as County: Sec. y, trxeopt tic y. I. Il
of of ssc s aa %1o.s te g. + ~ e tbs 4 so
3Ev9rm, " IN lroauois County; Sec, IS (oxcent the
W;l3 aeses Of Tie !, E. Of ssc; 70 %, y,
q thu ", Il Of tho N. L. i md The r. i of tle i.
8; +. n Of the y. ". Not sec. Z; a1d thu NV
sa s3 &C., swaI ~ Il il 1SHs.s,p sa Y
U, In Champaign County.
TWO MERCANTILE RIVALS.
John Y. Farwcll & Co. filed btll Yesterday /
Ia the Superior Court against John IlofImarn
ma E!ela' Letter q Co: to prevent sae nndor
blhlcr. They say thai Oh tllu 9th Inst. they ru-
covered Judgment by confcsston for $a8ll.07,