, 1879-01-11


aloy work, from tile fact that tho assets wcfe
composed Of numerous small clalms; hut hc
boped, within q reasonable time, to bo nbfo 10
make another dividend, which, however, It
Uould bo impossible to do II ct,mpcllcsl to sac
rlaea the assets bY closing out the estate at
once, The court referred tho doc1ltnents to
Register tIlbbard, with Instructions to tnvestl-
gate, and to require tho Assignee TO
make a dividend II tile statements IN the
nctlt,on were found to bc true. 4 meeting
was held, but as Mr. Murphy was not ablo to
npswcr the questions, tc was given time to look
oyes Ills books nuI prepare htmaelf. tic was
reody yesterday, md met tho Register and about
a tlozcn polfcy.ho.dcrs in the United States Cir
cult Court-roor1. .-..--.
IN nEr1r TO 1NTKnRo1ATon1Es,
Mr.. Murphy answered rs follows:
uNcoNyEnrxn sEcunlTIKs.
Premium n1tc4.....s sss.'stS4an' w ~!
6 M i,as1sr noc, secured 6y st Charles
kesope!s' aee secured y three os
e EqE,sMes iE.sne" note secured :; iaa.
W. .T.'iy II. Bosinston n.' Sainacs @ dae On nots
secured by twenty shaseso ol !. M. U. n. .r,
w. :'isk WENTWORTH .eearsi !; nina:
teen slares Of Chicago Lifo-lnsaFance o-e
r.. nsekic,: ncc. secured oy div sSiics
llUNlU Insurance Company ahtocK ..ss.s 1sfou
a'''' cosyIarrp n: % iiscs Last nEron1.
Government bUnus sold ............. ", tUS
i,oIlec:rt IN loan mites. s................. =, h9b
Collected On premium notea......'... -. 1V'oo1
rot.,. . -. ......... ....... sa;, Is:
There Is no incomc-proluct ug property.
There has been collected by suit since last
Dividend e8,7S3.
'ri,y amount Of attorneys' fees paid WIS S.
Ito; caIn.cd, not kuown.
Asslgnces' fccs paid TO date, I'll 500; claimed,
$4,000
clcrks' md Asnrshals' fees paid since las: dlgi-
dc1,l, $4,0t2.
l3c cnl!d not gtYo detailed statement Of tha
monthly expenses, refcrrine to Ills reports iar
that. but said tho aggregate expense since tue
last dividend hal been AZ
Tho alauunt in t,la hanus agnlnst which orders
nrc t!rnwn aul tu which there nre no o'lscts wAs
St.1lG; tho amount nSanst which warrants nro
si,aI,o Of judgments OF ela!ms was s7.aa1l.
From, this II nppeors thst Of tho $18, 900 10 hls
hands ii, ,tGA) has teen checked aRalubt 10 favor
OF parties who really owe the Company an thc1r
premium notes. THESE parties. for so'ne Eca-
sou, tail TO call for their atyldcnds, ,-douhtless
iecause, II they did 10, tho Assignee would de-
.nand payment OF the premium notes, ahd credit
s.s eae:k1 money
t,rncu oter for their benefit, since II was not
likely that these persona would ever put In M
appearance. .,,.
Thu Ahstgnte said nc could do nothlnE except
bold tile checks for them.
Register Hibbarl suggested, -
WAT OUT or THE DIFFICULTY,
that tho AssLunre lilo q petition ~ tho l@strtct
Court asking pcrlnlss!on to credit tl,oae owing
tho cstatu with thc several amounts as shown In
tho checks. and eancei thu ehecks. Ints would
give ~ o00 nloro for distribution. subject to the
nrc ~ i'm creditors was in fayor of making
the same disposition Of the %, 00o IN chccks
which l,ayo never been called for, though the
PARTIES TO- iSm ssy rh,a afe PAYABLE avs ess
mn absurd proposition, that |. waa laughed at.
The money to pay tue checks Is in thu bnb.
Treasury, and will rcsnain there until claimed
- % REPRESENTATIVE of Sleeper q Wilton, tho
was askcu as to tho AMOUNT OF thei clalln. lie
couldn't tell exactly. but thought mn
In all, 1,600 suts Ind becn brougnt; 400 were
stlil pending. rherc werc l.oo debtors xhn
uese not worth enough to Justify thu bringing
Ia tiIoir I,nntis wus sl,4o0. Ihs average loIg-
slent ohta!uel was from eltU to 4l70 llle
average clnitn WIS SIS; It might run - 500:
Whr,l suit was brought and iusiEnant ottninod
snd to!lsctcd With tho costs, tho tloeket-fso 70
waa &90 Nothing wAs charged Tor services. in
tasc Of default, tno dockct.fce was SlU, aud,
wlrfe suits wtro di4nlissed beforn plcadn1s
were ulku. OILY $1A LUG HEuL1|@ hCl4 hN1%Esa-
ful in twenty u thirty suits. in largs NUM-
her Ut anstepccs tho judgments soasa not u, he
collected. lie thought ae1sut kt0 Ind been col:
lectcJ. About twenty n"tes had been COLLECTED
wl. Without suit For tf'l' no sh4Fse bad been
l'.'u of the poltey-ho'ders wus vcrs !uquEsI'
tive about
for whose services Murphy >'ad charged 800
"Was opy clerk ever In your employ TOT ,nort
than ten MINUTES at simu u asked thls gentle
man.
'sWas biz utteniiun devoted exclusively X
the estatet Didn't he do anythtnR efssi"
II don't Knuw,h rcplled Murphy.
than aGssan; xsssS9 sSq hare s'''s" clerk Tor 'e'
'Yes, i could hare gotten one for rs
no month, t,,t could not hays trusted nlo' VIII
Where has your clerk neenf"
"fhero 1t tho office, aud VI work outside"
t'lluw much did hs tullecsf'
''Nuthing. | co,Ieeteti."
tsWugt Las he 4ouei"
"Wrttipe that wanted"
s'What writlugt"
"Notlee. that premium notes ~ere 10 m,
hsnas f asss sna eau'foz through directories to ns
iia~ many hare you hunted up."
"Icouidn't tell"
~. "5la. .bo s!efk property ia blu possess.on'"
After .omu further questioning, Mr. Musph.
aal4 khese MAS 10 .trEst 1l0ut II;
Ills CLERK MAS MI3 W1YR,
Ho had also charged S.5 month Office rent
Hs paid stah65 Tor h,s oaiee; . subsenaat'
desk brought hEn VIZ, the estate paid So, ant
the balance came out of his own pocket. Tb
vault Wss used exclusively for tho books ~.
pap<ss of tho estatc-
It was Atated thst the indebtedness OF th
corporation u ctout 8l,5oJ, 90. So tlaW]
would To needed 10 pay l pcs cent AL tb
pollef -hoiders present were apparently in fayo
}rI%r rttff EftFm ri than
seeming 70 thluk that They would be axseascd L
discharge ths claim OF the asturpe|s. Ihta