, 1879-02-27
Without loss Of dignity 10 himself. This wns
natural TO mnn receiving b23,JdO pcr year

TIC sequel TO thu revelations coEcGrnlng the
tilobc Ltfo management exposed by the report Of
TIC superintendent OF tic Insurance Department
to tho Legislature wilt nnqucstlonably be tho
rettrcmcnt Of tlIo offending officials or tho bank
rupicy Of the Company. The Attorney. General
Inns announced hss determination 10 proceed
aQanst the officers for conspiracy In order to
faso the Company. It has been understood
Tint the affairs Of the ulobe aro III bother ehape
now than they wcro ono year ayu, unl In.
stcaa OF being impaired that really tho Cou,-
rany's In solvent condition. But OF tho In
t0uitotls management VI Pltny Freeman, its
nge President, there cau be nO toutt. Al
though Invited aud requested by the Insurance
Department to resign list sprltg upon promise
70 withhold damaging revelations II the rcsigna-
t!on wcrn prompt, this aged stnnor has hung, On
to tle PLACE with q tlrnl grip, bnt tho ppIicv.
holders (ovcn II tha Attorney General faits}
ehonld forthwith al,ow. him The door. Tie Htll-
t!al report submitted now 70 The LeE!sa-
rs to tl'e Globes officers ''ihe trusts rcposcd
IL them wcru wl@lfully md Bln.ncfu1ly abused 10
their owu 1ecutfary benefit and to tho 0reat IN.
1hry Or tic poltey-holdcrs." Tl!a revelation
/ vii destroy eontidrncc III The Comphny, and
with confidence gone tl,u end is death. A
| prompt and vigorous policy Tor thu C0mpauy's
complete reorganization mny yet save It, but
the Action must BE- quick a,d speely, or tho old
eorinora,,te will squuezo gil tic Vitality out Of
the Company before they can themselves be
| expelled.
4 SEVERE BLOW 10 STATE SUPERVISION.
The Gloho Llfo discovery has produced mn r.
ritation against tho New York Insurance De-
partmcnt that threatens serious blow at tho
entire systcm OF State supervision. People who
judge By their prejuliccs arc not to forgot that
the systcm ts not to blame for the errors OF the
inliylaual,-in other words, that IL Ia the super
| inlcndent artl not tic Office that Is at fault In
tho faiaEc to arrest tho downward courso Of tho
Globo Life aud remove its President from q
trust hc Ind SO shamefuly abused: 1t appears
that so long ngo as 1S tile tilobc Life withdrew
from the State Of Kentuc1sy, a,,tl tho rrason
therefor was the pcrsistency Of tho Insurance
Commissioner Of that Statc In examining tho
Compahy liz Its homo office, which resulted in
suspicion OF Its Insolvency. This suspicion wns
founded on tho discovery Of false cntries md
| the Appearance Of mortgage gtyen by TItny
Freeman, Individual, to pliny Freeman, Presf-
dent, for S0), ,g00, nn carried by the Company rs
mn asset. THESE discoveries wcrc nude known
to the Cornpany's Directors, and they inlmedt-
| ntniy rcfused tic Kentucky Examiner further
access to the Co1paHy's books and papers. The
Withdrawal from tint stato followed. The Now
York Department waited until 1S17 before cx-
nmin!ng into tic Company, mud when the be-
trnyal 1T trusts was discovered the Superiutcnl-
| rnt vas improperly fcnient tn falling to bring
tho Offenders tO Iustirc. But on tho other
lnnd 1t niay be Questioned whether Ills leniency
enig It's olccrs into heroic measures to save It,
| mud by saving the Company to saye themselves
likewise' ~ u Is tTne now tdlai ihs company IS
n,o.s,,yos ~ n,'ni. " ,hn. srtv efis"or" mnMt
jlayo Killed tic Company In 1873
PROBABLE ESCAPE or In, 1AMnrnr
The Court of Apucals hos granted a nav ,rla,
to Or, r. E, Lambert, Into President of ,hc
American popujur Life, and The old follow. rto
has bccn confined for oycr 4 ycor in tho Tonbs
In this city. in likely to cscapo conviction. On
tie i}rat tr,al IL was aEowu that tl,e ootb ,non
,rhrct, In ,,,e c,nv,,to, ~ ,ort,,,. ~, ..i.. ~,
"n'c'1 ae Mas Goav's'eu , VI pes'usy ~as tahen Dc
lofo NotaFy fupile VINO "as q fcsldelt OF New
dorsey, ontl hence incompetent In law to admin
lister an oath. The lower Court ruled out this
question OF perjury Ut all. The idca was TINT
tic Intention wns The salnc, but thr Curt nj
Appeals has upset this theory BY affirming thnt,
II the Notary iwas not legally qualified 10 take
the oath, then there was no pcrI,ry, These
looploles viii probably nfford tic Doctor a
chal,ce OF escape or Ills moral guilt there is M
doubt; but there is nru ,extcnuatiur cIrc,tml.
stnncc which creates sonlo sympathy for him in
fabric OF false pretcnses, hut Jcludel himself
into bclIef that IL was nl! solid aud substan-
tial realty, nn,l hence sworo 10 It in good faith
| 1Io was Il Victim of his own conccit n,ul follr.
md ruined d previous good name by indulgitr
| in q hobby. lie as been prcltY severely puns
/ isllcd already.
uupnvp ABOUT ADVERSE 1,ro,s1Ar,on.
wv a.. o." e..ta 49, ...', .'ssn .4o".
lug eco'sl 1a'c7 cnEaReu Ill Ill agency Dslsl-
1 ness have been intensely agitatcd during the
past fortnight by the threatened adverse lcE!sla-
| ton proposed In sevesa! Statcs,-nOtably Ohio
aud Tcnaessec. The bill passed III tho latter
State requiring companies to pay total losses
on their policies when Insured property Is
wholly destroyed Ia so obnoxious to COM