New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-03-18
MR. WINGATE'S LEGAL FEES
COSTLY LITIGATION RESULTING FROM THE CONT
NENTAL RECEINERsHIP.

MENTAL RECEIVERsHIP.
The Assembly Committee which is nvesti-
eating the affairs of the receiver OF the Continental Life
Insurance Company resumed its sessions at No. 20
Nassaust yesterday. Ar. Tobias the receivers as
sistant presented what he said carefully prepared
statement Of the expenses OF Mr. ONeil's receversip
up to March l. 1852. There paid ont orders Of
Court SIPS $780, which exclusive Judgements, liens
paid for taking tide thereto and other like
matters, and also exclusive of SGi,Olj of expenses
chargeabc TO former reccivcrMps For salaries S57
was paid aud 1862 for expenses. The fund, It
stated had been increased l9Oss2 by rents interest
appreciation IN bonds, etc
George w Wlngite OF the law firm OF Wingatc Cul.
len, counsel for the receiver, examined length,
ana explained the various kinds ofti5otion his firm had
been employed in for the receiver. He said he had a
very BRET acquaintance with Mr. ONcll before his firm
was retained. but could nos tell how the acquaint
arce began The referee who passed upon the accounts
OF Receiver Grace TOOK only clgdt days but Referee Win
field who passed upon the accounts Of Receiver Ander
SON. the predecessor of Mr. Grace took about four
to decide. Mr. wingate said this because OF qucs-
ton OF law involved and the difficulty in getting all the
lawyers present at hearing causing many postpone
ments.
In answer to questions from Mr.. Erwin rs to his fees
Mr. Wingate said the Court allowed the firm $50 600 for
fees and $4,000 for disbursements up Ia August D.
1873 or this amount, 10000 for consultation
with the and polite, hOllcrs This $4,000 was
not paid vet, but he Thought they would get II. He
snid firm endured great deal Of mental strain
I'm answering letters and the great number OF policy
holders that called 20 make Inquiries III addition this
$40 279 allowed Ia Wingate & Cullen for services from
July z 1871 10 August D. 1873, the finn received - 800
for services rendered to Receiver OMEN before he go
posseesion also about 5000 forcclo,lnS mort
gagcs SIR Wlugatc could not tell how much his bill
would he for services August s. 1875 the pres
ont time bat promised 20 iet the committee know to
dav member OF the cOmutte thought that the fru
would get over 600 for It's services TO Mr.. ONe
but Mr. Wingnte refused to make any estimate.
I'm answer to further questions Mr. Wlngale said thai
he had employed MI Moses, Mr.. Barncs and other Law
vers 20 argue cases Tor the receiver although these Law
we're zero opposing tho receiver IN other matters.
Mr.. IaggeTty-IOW did 10 happen that one Judge, Mr.
WcstbrOOk granted all these Ordorsi There Is an Opln
| ion abroad that these orders were sort OF lega
| Jimmy" granite 10 lawyers 10 burst safes
SIT Wingnte- The action was brought In the Third
| judicial District, and Judge WestbrUoK was the
| convenient Judge in that district.
for other receivers including Jaems d. Fish, Of the Globe
Life Insurance Company. He sald that his firm made
application 10 Judge WestbrO0k, Thursday, TO dis
tribute the Continental and close tho receiver
| ship. II would take eight months To do IL.
IL 1870 the British Commercial Life Insurance Com
pany declared insolvent, and L. NJ. Bi1by ap
pointed lie secured by order OF Court SCI
frun the Insurance Department which Wa used IN rein
surfing the Continent al Company the American policy
! holders or tho British Commercial j. Il. Ecces NJ
| yesterday asked the committee to examine
was msapplud aud that the policy hOders intend TO np
ply TO the IL gislature for reimbursement The commit
into executive aud II Is understood that
! IL declined make tho Inquiry, tho transaction Oc
CURED before the period covered by the Assembly
| luton authorizing the investigation
| The Investigation will continue to-day.