New-York tribune., 1879-02-24
A Observation-Disclosures SUIT.
ARREST OF FREDERICK A. FREEMAN.

AN ACTION AGAINST Mr. FREEMAN AND OTHERS TO
RECOVER S252, 800 BROUGHT BY HENRY r. PIER
son, RECEIVER or THE GUARDIAN MUTUAL
LIFE--A CURIOUS CHAPTER oF INSURANCE HIS
TORY.
The suit of Henry Pierson, the receiver
OF the Guardian Mutual Life Insurance Company,
against Frederick A. Freeman. sheppard Homans An
drew W. GIL. Everett Clapp snd John G. Holorok.
head by the arrest Of Freeman late on Friday
night his bail being placed at 100000 This thus TAR
he has been unable 30 give. The charge against him and
the others Is somewhat complicated. A stated IN the
affidavit ~ Thomas F. Mason. az accourtant " Mr..
Person, It ia ~ follows: In June. 1872 Freeman
secretary OF tho Reserve Mutual Life Insurance
Company aud had rolling interest in its stock aud
juno Il, 1872 about that day, arranged with A
W. Morgan. ". SANFORD and other officers OF that
company and with others nor connected with tEat com
psuy, transfer 1888 shares ~ the stock Of the Re
serve Company 70 the Guardian Mutual Life IrsuraDce
Company through Hobrook. who took 3,i3t shares.
Capp who took n'tynne shares, and G who took forty
shares. II iso provided. 10 Is claimed, that Gl,
Clamp and Ifobrco sh, uld become officers otthe Reserve
Company and OF the widows ana Orphans Beneh;
Lilo Insurance Company 80 far. IL is said
by Mason the bargain carried ou and the Guardian
Mutual Insurance Company paid 90 the defendants ~
the S252 500 he st c u the Mutual Re''rve
Company. Gill; II Is charged. when the matter wa'
closrd, president Calp We president and Hol-
brook 90 the employment oi the Guardian Life lnsur-
aucc Company. AL the companies are now N iiqulla-
uoa.
Frederick A. Fre~m'n wa recently elected vice
president ~ the Globe Mutual LIE Insurance
Comuauy. His counsel. Jonn L. Parsons, was
found last night suffering from illness. DE sald
IN substluc'; Til, proceeding seems gross outrage
These ddyii were made last Tuesday There ls really
only one gfii'yIt-thst Of Mason. suppose Nh Free
is Ic-pDGb or the whole stock and he AFFIDAVIT
-, - - -, 10. .i,, ,,.-..-,,
'''.' 10 W. "o'.' ''' '"o"'' S'''n ~, ."o ',''
paUv. At worst j. was worth Yiain $4,000 ~ tlat
amount Aud ST, for that $50 600 tAe Court asks s3o0.-
oo1 Ii And fbop the ,,l cation i, made or Frilag
~
ana the order % arrest NOT scr'i uih ial' th't nEI
saturday vas holiday aud to-day nothing br done,
,pditvll take all d,v tomorrow and pcrhap, another
i,t ~ ~ i- , = m ~ r,i. on-I,rn,. 1.i fou'.
-Hro"-e ne Is ar'na ~ ~ li to1,y hLVe ueArI tH''
,,yyI,M Pfr' 'r i1S liI D i ~, ~ an IN, ,J o ', 80
49, ,i,' r,, ,g. ,, ,,g ,,~io,. fri. i.
barr of Z t.st, ~ tho asa lan4 ~ mat com any
fttierc4 ~ FIrrnaa me , - '' ,ng Ar.r
~ a ri.l'.,,<E r.9or-er on r'. Ing In s,c hin VA.
shown ON No lol There ne was uiel a thc htlt-
s,'o der'aled 'nst ne had noiunc 10 commuocnie.
During M coayt zion voice vas aeara IRON vitain;
,.'-' -l.' ',' I ~ '',' .I ~, m ia, ID, .,.,,,t ,
n'I "i' g,,'' "r , W., D.' ~ VI t ,i,i9, md do
"',,.ta .a, ,.,,. , ,.,-,u- u CiiI W O Too, Vi,.e
ST. u wa 7iaed .La 'if ,'i.i went :" .otaa" 90 20
.s 49, H. '.i, ,,, 49, N' was "'' 'N''''' " '0'" " ~
I''''e t"" 'h"l''''
HISTORY OF THE GLOBE MUTUAL
Tho r4c.r ~ r. r.fort mad. nv D.rufv
~ .
I.---'l'' sup i-I'''''L' "a ''I ~ "'"'' 100 V'
f.. .f. tr4 Of the G'uUn N4UIl Lie Insurance
l,...... f.-.. tl... rr.,...I,-. % ,g.tt i,t.r.-t
.'i'.'
- lt IS reported ft"iu Alftny thit AttorAei HtH
-raI ,cloopuIazrr proposes 10 take immediate ac-
. o., tn ,,,,,v,l NJ ~. nrosept ogioor.
'i'' '' '
When tI'. Nr't. mtG" Ll- tNAAlldJOh' !t Was 10
secret IN insurance circles tha5 the Globe Mutual Insur-
.,o Cor,,,,r ,ras sadly iuipair.d Tho -torsbnIIers
Md for lert-pey and 4rp.rfurriGrut Sm.ru
.-.9.t 80. tnau. at ,pp,rfur,fy of rl, ma
"-l,-r rr,ri.ieI cerr,.n tetcieucias ,S,.r, mate
- t,..sp.7,f I,..Iv rettr.t f-,lr u. T,',,.
The r.n,rf nf the In surarce Dpporrrar- m
a. I"'u' - e.. -. .,,,,l,.s .. % ,ol,.,-
tHat thue Gl'c 'io '"'"P'u a.'t Us 90 ~ PVit
H''ttl4' .. - ','t 100 n. rr,J.,+i ,i.
IN, ~" f,.o,..y' - o,r,,.tssio-s 80 o.,
7'i1l' t''' ',p ~ - , D., ii, ~ Al; - ~ -
10 a'5u' = ~ - ~, L, 40, i,r's N Frc.,1.,
" 'uo -, . .."r.t.rr .i1rt fi,,s % pin,
= a. I'La'll't - e. v - ,li ~. pr,t,t y
tV, @ r.. ms, ,rt no .t,,r7as 80 me
l"d' % 'O'5 wv - - i,. - L; 49, 49,, a, 49,
pfrs'UeA'S ue'"'' ca uP"u ui' SUI ~. ~ ,
| lew weeks ago ,. . ~. - -. ,,.
ID teaW'u>e 10 a 'eN'in'l"u va ,li, - i,.,'
7Hpefln'' u1.Lt SiSt a. IT, yo1t " a. ~ Au @e
't.t"'-' itt''' - =, -. -,
tul. ,no ~ HDT rn,,,d '''H'i - - a,itb ca,it -
P1sug 40 pifnr F-ee,,,n - Tis'ia fresI}rot
r., on ,tar ~ H.. Clb- Nufnal rroTi,,d ter 20 per
80, ~, tho s,rf ~ was Ia he set i.te esco v.or 10 M,
6.it tor fbe .tocku0lders. the interest TO he pud
. .,rnraI.v I'M. sum was .mil-d To 500 600 f}y "a
Subsequent la" t's principal VIZ. made me property Ol
ON 900 a6are. and stacAhoders could vote BIS proxy
nun held 10000 of stock ana fli.Oeo ~ trns' MS
I' dirrc,ors tij250 The trrs.rnt lad genera,
fl Ia Ia f.tf ID