New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-04-01
RECEIVER oNEILLs MANAGEMENT
MORE TESTIMONY IN REGARD TO HE CONTINENTS

MORE TESTIMONY IN REGARD TO HE CONTINENTAL
LIFE INSURANCE COMPANY.
| The special committee of the Assembly IA
investigate the reccvershps OF suspended life
companies met the Office Of Receiver O'NcR OF The
Continental Life Insurance Company, yesterday ASS III
bymel Chaplin, Erwin Wclch ana Baker were
present Henry j. Scudder was The first
witness Io has been employed as q referred
IN connection with the work Of Receiver O~Gl. lie
thought the employment by the ,tceyer Of John IT.
! Mooney Accountant Li,bcccssarv. All that
Mr. Mooney did was to open ordinary day book which
almost ybody cDuld have done. He objected 10 Nj
Moneys bill a. exorbtsnt. In regard to Wncate X
Culens Dill he WAS unable to detcIhac ls Justice and
80 had the Court appoint an expert, +. ~
bangs, to examine II. The witness thought the
Attomcy-GeneraPs oico should have more 20 do with
| me receivers than AT present. The commissions
should be adjusted ike those of administrators and ex
ecuiors, though perhaps the fecs should be larger All
legal prOcee uhgs should be confined the Judicial do
partment In which the defunct corporation existed Re
cslvcrs should be examined 10 qualifications before
being appointed There should he only enc referee and
be should be taken from n number OF stand
ins Ia!erees appointed by tho General Term of
the supreme Court. As TO Mr. J'Noi's qualifications
the witness thought " 1t fortunate FOR the policy
holders hat Mr.. Tobias had managed -flairs"
Henry J. Cullen jr, Of Wmgate & Cullen ATTORNEYS
for Tho receiver said that before Mr. ONePs apuout
nent be was pressing the claim OF MIR Lawrence for the
place lie saw Judge Donohue about IT, but The JUDGE
said that Mr. O'Neiu good fol the place ana
would be appointed
MI Erwin wanted to know what Judge Donohuo bal
10 no with the appointment Of the receiver
Tie witness could remember very we'll but JUDGE
DOnahne told him that Mr.. ONcill "a good man for
Tie place. lie then % Kingston and saw JUDGE
NesthIcOk WHO sad that ne had decided To appoint Mr.
Sen he could not remember that be hAd said any
thhs to Judge Nc6tb!OOk about OhtaiHn the legal Us
nes o. the receiver made any arrin cement for H.
re thought "ond luke year 10 wind III the business
VI the receiver
Edward kearncy was next examined. ne did not
Kelly asked hun to become Mr ONeills bordemnn and
yToIhncd 10 Indemnify him iOr any loss. In 1875 he |
bought sixteen lots a. ntht
anc Tho tast IveT from the for $1,000 The
lots were worth now more than $4,000 lie said there
FIy ionrih ST. OF Judge COnnoiy's estate for $4,000
which werct0w worth $50 600
ReceI ONc testified hat ne never maid any polit
ical assessments to Tammany Hail He objected TO
sHHiIs ms Ptigate accounts but finally consented 70
e~hoit them privately TO Mr. Erwin, OF the
pr, vlous session, Mr. Tobias yesterday submitted the
replies; The receiver hls been paid from his
amounts due 10 him claims 70 DC entitled TO
e sds sI1 Ia. s o. 1000 H9 up 70 per cent upon
ana IKE amount for paying them out. This however
oonnse have been paid TO date by tho receiver On ac
S"n!t or services S35,527 SO; for disbursements
and reported upon by scIddGr and also approved
BY knevels Ransom. the special counsel OF Ator
addition there has been paid TO other counsel
ices in fewJeTsey, Massachusetts, Pennsy lvania and
her states about sl3 649 OF. The amount now claimed
. be due such counsel s believed DO $1,000
ne attorneys disbursements not more than
400 every three months, and their cannot hereafter
veil exceed some - 900. Tho following list of the
dorSan a Dayton $500; Lew A. FIler 900 T.
sesibrook, 5000 Charles IL. Russell $50 Charles H. b
'lnneld 5000; william A. Boyd 81, $50; Henry j. u
cudder. SZO94 80 John 4. Osborn ST. lOi 90. The -
blowing ali estimate Of what may be claimed by ref
rees william A. Boyd say $500; Charles H. Win | II
ED, say $1,000; William Is. Rnggles, say $500 | 81
he amounts heretofore paid 10 counsel for inter |
ehtng policy holders are Barnes HanoverSl 556 81
J. Moses Jr, eo7C4 10. The amounts now claimed | v
intervening counsel cannot well he stated tho matter