New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-06-05
MR. PIERSON ANSWERS B1CK.
HIS OPINION OF THE SPECIAL INSURANCE COM
MITIEE.
GENERAL PRESS DISPATCH.

GENERAL PRESS DlSFATCHI
ALBANY June 4.-Subscquently to the pre-
sentaion Assembly of the report OF the Special
Committee on Insurance Reccverships, which report
WAS principally confined to the Continental and Globe
Life Insurance companies although there was in 1t
passpg remark upon Mr. Persons administration OF the
affairs Of the North America Company, which remark
as he declares entirely uncaledfor by any facts
before said committed Mr. PiersOn wrote letter which
was paced in the hands of the Select Committee before
bo adjournment OF the Legislature In it he says:
Won have chosen, seemingly withouta full knowledge
of the premises and without care or desire Tor such
eral question to a for it's decision as disgrace u
and dishonest Ia return, aud with full cause ana war
rant for the assertion neither of which You had Ter the
nhlicatiOn dcnOuncc your allegation III the report so
Tar as am concerned. uncallcd-iOr by ary fdc and
vino signed 1t, and cOwardy and malicious attack
made in the security of report TO ue Assenpy oy you
s members thereof against man who had no oppOr-
tuny Of reply defence II II the first tne probably
The decences Of life and the responsibility attaching 10
them by virtue OF their POSITION az members, az TO
Wtntoniy libel and vilify because OF his prescutI-
tion of legal proposition to court OF Justice In an open
uch cour, shall decide the question law
;aiucd Every who signed such report is coward
eain you ailude to a decision Of the Supreme Court
charging Inc with interest, which never received
punishment for my administration OF nv trust II was
most remarkable decision. appealed from II to he
Court Appeals and That court reversed such decision
| OF the supreme Court Did you OF your eomnii,
tee anything about such decision II not, would
| it not have been well to inquire whether such
before publishing your charges broad aat, under
sheltoring wings OF the report Of Lcgi lIlvc
initeei II you did know OF such decision, why did
you have the maniness and docency to prOmugate
| i'll
| After the delivery of the above letter and the
adjournment Of the Legislature there given
spOndents Of several newspapers and tue Associated
Press statement purpOrting to be extract OF
other and later report which would have been made by
the same Special Committee Insurance in regard To-
| The North America Life Insurance Company and Mr.
Pierson's conduct receiver. 1he report signed
by no one and a matter Of fact IT never pre-
seucd To the Assembly and, as appears the members
of the Special Committee refused 10 sgu 1t without hay
| Ing read 1t, and they did not read It,
| Under these circumstances such paper, which Ia
stated by Mr. be tissue of f1lsonOod- and 10
bcray the man VINO wrote II knew nothing
of the facts or deliberately aud Wlhuly falhhed
them scattered broadcast through the agency OF the
Associates Press. and has been pubisncdn all the news
papers fl only Justice to Mr. PcrsOn Ia say that he
pronOunces the contents Of the publication TO he not
only false but also malicious review oI ms adm r.
tIatlon Of his lntolligeutIy made would a. he
claims, present the OF very cOmPhcdtcd agu uc
cate aud Important trust hOncst!, mlelnsChuy ana
| iearlessly discharged