Daily Republican., 1880-11-29
THRLuBEL CASE.
What was Done In Coart On sasnr'
dnI-wiinesses for tho Defense
stiti sestifyfnG--ssme TestiEssnv
Very Favorable 10 the IHsarsnee
Company Brought out in Cross.

|, Very Favorable 10 the IHsarsaee
Company BrouEht cut In crosa.
ExsminAtIsn.
Saturday was the fourth day Of the
trial OF the lib, case Of the Delaware
State Mutual Insurance Company va.
William T. Croasdals, editsr Of the
Every Evening. 1t 10 quite Likely that
,he greater part Of the coming weak
will be consumed In the trial as the
de enss has mauy witnesses yet to sx-
I anime, and, 1t is understesd, tbs plain
tiff will INTRODUCES nuoh testimony in
rebuttal. Speculation as TO the result
is a. impossible as it would be inprop'
or. The plaintiffs have succeeded in
showing coacl usively that the alleged
libel wss published in the paper OF
which the dsfendsnt had ths exclusive
control or editor, and, though the di'
rect proof that he wrote the article
has not been given, he has been con-
nected with 1t very oonol usivsly. They
have also shown that the Insurance
co Dpany lost between $25 900 and $780,
l00o, through the attacks in tbs Every
RvSnipg.
The defense, on the other hand, have
thus far directed their efforts to show
ina that tho character Of the Insurance
Company justified the attacks made
gpon II, and in doing so gained quite
an advantage early in the trial by be-
ing permitted TO Introduce evidence
Towering the history Of the company
from the time Of its first organisation
up to the present tinle. The plaintiff
4 claimed that at the time Of the first
4 attach in the Rvery Evening the COM
pauy had passed into new hands and
had been reformed fiom the evil ways
which had caused the attacks and for
which the present managers were not
Irresponsible. In itS decision upon this
point tho Court placed the whole re-
sponsibility OF the concern upon the
present organization.
In the face of this the plaintiff in
cross examination Of the defendants
witnesses ON Saturday showed that the
Insurance. company was much less
black that 1t was painted and its condi
ton. when impartially considered, was
not that Of q fraud, IS charged in the al.
legged libel. The only way in whicA
the company can be shown 10 be such
Is by technically neglscting TO call the
assets. which can be converted into
cash, cash assets.
| THR PROCEEDINGS or SATURDAY.
Specially Reported Tor the z srUBLI0AS.
NRw CASTLE, Nov. 27-When the
Court report in the late edition Of to-
days REPUBLICAN clOsed Mr.. George B.
Money was testifying in the libel suit.
Under cross examination, Mr.. Money
testified that he was elected President
IN July Of 1875, resigned in latter part
OF November or first Of December 1873;
the directors first met for organization
in July, 1875 Messrs. Ash, Price,
Myers and myself were there; made ont
a subscription list at this meeting; don't
reulsmber that there was any stock
subscribed; it was subscribed for in
Ssptsmber or October, 1876; | never
TOOK any stock in the company; agreed
to take 5 shares Of $2J each; the other
directors we're to take some stock; was
not acting president, but had not re-
signed when Ulmsn came on after the
$30, 900 worth Of stock; ] conveyed the
land TO Myers, Helister and Phelps, ,ex.
sctly as it was conveyed 10 me,
conveyed to Myers tie undivided
one.iourth interest In the Pennsylva-
mia tract for the sum Of 5000 went
to Dauphin county to examine the
land, but can't say whether this was
bsfars or after rSconveysd the land
think it was in October or November,
1876 the deed was dated the Oath OF
December reconveyed this land
for this sum Of 100000, bssauss II
found out was in bad company and
wanted to get out the easiest way nos.
sibls got nothing for it during the
time held 1t for the company; krew
of tbe purchase Of the Kent county
tract, but did not negotiate the pur.
chase. Did not know the title was to
bs conveyed to me. To my know ledge
none of the present officers, neither
Mr.. Bright, DR.. TSntum, Johnson or
Hawkins had anything to do with the
company at this time; | did not become
conneeted with this company in order
to give countenGnoe to fraud in any
way; ] signed policies issued on the
mutual. plan; don't remember to have
issued eny on the stock plan while
al .utNh ha Hal |
lister as vice president also signed
policies.
Redirect paid nothing for the Eve
shares of stock which | took at 925 per
share. So far as was concerned moth.
lug fraudu Ient was done while l was
President OF the company.
The defense then offered in evidence
the certified copy Of q deed, conveying
the purchased property in Kent County
to James II. Myers from George X. Mon
ey for Sl5 009 subject to $4,000 mort.
gage and a mortgage issued upon the
same property for $l5, 900 by Myers.
John w. Goodin, Rcoorder Of Deeds
for Kent County, was sworn and testi.
fed that he had made a record Of
mortgage on the Kent Couu!y land
which was prior to the one given by
Myers and which had not been satisfied
OF record. The land was valued by
him at $5 per acre or s233O Tor the
lot. |;
Ex.Sheriff J. Frank Wilds Of Kent
County and J. II. Hoaecker, Esq, les I
titled to tie sale Of the land for small
sumS.
James B. Henry, sworn-Was Presi L
dett of the Insurance Company during
1876 and 1877 and resigned because {
the company moved to Wilmington, to
which place did not want to 90.
Another tRing was that did not like