New-York tribune., 1882-04-08
LEGISLATIVE INQUIRIES.

.vn THE GLOBE COMPANY.
NIX. rio" - ro LAWYERS ARD oThhho-
THE AMoo ' ,,,,r SOLD FOR MUCH LESS i"A'
w, wN' c"oo;ol Assembly Committee y" morn.
1he 'p'. .,o metropolitan Hotel yes'ei"a' rho "a
snr"nVe - Tho examination OF James ~ o,co Com.
me ""u - 90 rho Globe Mutual lAie i"S oad ,resi.
81 "a also Of the Teutonia SAVINGS ru,orin Erwin,
80 - the Marine Bank. Assembly me- , Mr Fish
-. and Haggerty were P of the Globe
"ss ,hat he was appointed feee o,, nossession on
~~r,,o,v NV Juacc westbrooK AIM, an" Mr. Cullen. of
,nn 1s 1879 Before his ,a receiver and also
Winsate 'ui''H' ~" continental Life IhSu'" 90
for the receiver - nout If and he said ne "''' .,o+
pary, spoke 10 n' Jill, and he had the lnpleSso" rho
nav ''' I'm, would be agreeaoo ~ rloved and
MS Sil the names OF the person" -, value of
Win saIares he paid Inc "oonsnv was
'he ,t,os belonging TO 'no iuto his
the see"" rbich $4,000 came ih.o -,
Soo'''oo' ard was deposited In 'ne ,Mo
po'SesS'Dn blt afterwards by order OF INC % ol
-, rorc deposited in the Marine n""A IN. ,d for
-, no said was appraised at SZo@,oo0, td that
r ,o.s thai, the appraised value MI NJ
So .hef clerk Mr Wendt had the "c'"'i 80 of the
A. oeairs and he was unable to answer ",'- r,
tue """- 'oa him without consulting his oooAs'
,,~or, then moved that the cominll'ee aVO
.aar =, stve the receiver opportunity 10 so'
aoto 10 answer questions Win. -. l., ,,- Fish's
IA" " ,toe ,csuned the investigation IN MI riS"
a., at No so Wall-st.. al l. pm MI '1' 1
VIM o~ar,inatior and Mr. Cullen, the cO'"'s" '
~, o.etv,r and Chief Clerk Wendt were IroSo a.
,.cntlv came to Mr. Fish's relief IN answering q1S
1,,o receiver was questioned as to Wha' nc nav
-, 9TH tho various stocks bonds ana other "S'0'
-, oo,nrarv which came into his posse's'" :. .,o
as,s ne was unable to tell what had DecoHo - ,a1
M, knowing whether they were sun Oh H'''I ~, los,
ten sold 4 good many OF the ooi'uS W. ~ l- ~
-. eoo,c that were still on hand were worth o's -
"''N' tho dollar. though they were "oi'n
- , q, the dollar when th'y w
- i.,,o l,s nossesson Among other aSse'S We
-, No, ,ch had been placed with Randall Dan nn
T. co for sale Nj Fish said that ne mH' GIN" -, a,d
ia I,artletf and John JAY McCook as co'''0 -.
ms A. the suggestion of M Cullen VINO "'s d no
70 deuart for Europe but when Mf' N"-e" ~ rort,o,t
o,,r,oyea wincste & cullen as counsel MI , ooo
80 ,id "a 600 for his services aud Mr. McOooN 80.
mr. tisb said That Inc employed Nj. Cuheu HS ~" ~
Of course and because he hau aW"' I,n.o,
him and he Cullen kept an account al MS p'nn s
,,,ccs were nxed the real estate before "i9 h nron
=, Uurh A. Camp made the appI,tlsAi' ., - sn1
To- i % ot if ya, stiil on hand bat al that was so"
eIty' o"i.' "l W ~ ~, hcl,st the appr.isal 49,,
h"ls4i RIc d 30 von account for the very vide az
so nt t,ycel Mr. Camps appraisal value o4 'no i0
iet.O, t and bc prices Il was sold for ,,orco ox
Nr Fish-It Is hard 10 account lor l tnc "i"''
ocninc thot the appraSals were wOr n horo
'ellh ,,rtv e - NJ Camps services seem 10 h"'o
MI haSSyol''s a. now r1lch was he pad for them
oeth 80 lie vas maid 500 deferred pay yhg ni1
- a.a,.e considered hs apprlisals Woi &
M 10 av by order of Judge Ntn,' ,rith.t
was apoipted appraiser by Acjuii! 80 mako thc |
consultation with me. He had the power ~ -'''''
ap Erkrr-was Attorney General Ward present i "nen m
the consultation took place over tle sac VI '
tate "a ,,,- sfr Enrvols. OF |
tho firm OF Arthur Knevals HANSON VIZ. hcbnr
s0s pa! - 800 for his services. d0h klo" m al
b. performed any other services or NV" -"i' O ~
yised the payment or the hli, -, - 49, f,o,r,
M Clll'u--It was ordered paid by me OOur' ~
Nr Harccrty-You say the actmTy appolI'eu i -a'i
Camp appraiser. Now, who appointed Tue ae'oai!' an"
Mr. Ifisb"The actuarv F. ]. Phillips. was appointed
ty Insurance superintendent Smyh. VINO was IN INC
iv M the time on my nominations and Hr Silyth hAeu
hie compensatlon al $4,000 dli ho5 klo" nlib lor
sonlly Int he was highly recommended 10 me DF eX-
Governor Morgan, Hiram Barney ana "tHcIS iic, ~ !
nov Irivatc secretary to President Arthur ana ue-
ueve had been employed IN the custom hohse po4oV Ho
Mr WerrerIyEYes I know him. lie was private acc, !
reta,, Ia Thomas Murphy when lie was toheclOr anu
rlyae secretary to Collector Arthur 10 you
Eaow whether be ever had any NE insurance cNI'io'0
t..fore Won recommended him Tor actuarN ' ,.-,,
Mr. Fsh-I don't know that he did, but lie was hlshiy
Sir HasscrtyNo doubt Of IT, but he had 10 speco!
gifts for the place and no experience 10" hucH WIS
ie paid and how long did he scryef -
air FisA-He Was here about year lie was nOt re-
spoDsible 10 me- and came and went as ne pleased
Mr. Haggcrty-DO you not think that $1,000 was IN
Excessive amount 10 pay MIN fOI such services [
Mr. Fis-I think had the matter IL my own hanu
roud have got the work done for $4,000 ana perhaps
less The old actuary OF the company, T. H. seward |
was paid $500 year. . NJ J.,
furance business before you were made receiver
Tie committee adjourned to meet at the Metropolitan
Hotel al 10 u. IN. to-day.