New-York tribune., 1882-04-29
TIE AMERICAN POPULAR LIFE.
he Assembly committee which is investi-

The Assembly committee which Is ihVesu-
eating insurance receivers held another session a ne
Metropolitan Hotel yesterday. The affairs OF thc
American Popular Life Insurance Company were CA
arnined into. The receiver, j.. T. Lawrence ued apou'
six months ago George W. Wingate. OF the firm OF WIN
gate Cullen who was counsel Tor the receiver was '"o
first witness examined. he said:
never smoke to any judges about the appointnent
OF Mr. Lawrence receiver but knew he was eaid-
date for position. lie was appolnteu oy Juuse DoIo
hue in June 1871 Acc0rdinG To the report OF the lhsr
ancc~Departmeut for 1877 the Company had u surplus
OF S259, ,62O, and assets amounting 10 SlSOoOV IHoe
were really no assets except those in the hands or the
Insurance Department as nearly all the remainder were
fraudulent policies, william A. BOYD referee on re-
ceiyeIs scoomnts san9iord Potter genera ,Gr, mr
Warren paid $500. Mr.. BOYD Sloo;
Mr. Russell $50 The total Disbursements according
TO Mr.. Eusseis report, were Sl96 LO unc0nec!hpie
Cullen were paid IN fees, S133I. oeVeraI oteI PaSS
ments made 10 them but cannot yen s now IN auG %
holders. Out of this trust fund Judge MestDrook a.
RoseniaIo counsel the SupcriD endcnt of insurance.
80 100 to j. Sanford Potter referee 5000 to Wingale
- GG FOR xpee in connecti"n with distributing
allowances were made from funds
in the hands Of the receiver in the na accounting as
follows: J.. H. Lawrence, receiver $500; Assembly
Charles II. RUSSELL referee. 500; Wingate Gu
had cash ON hand after all thcse 6lls were paid and
after his final report made IN March. 1SSl OF
Sl8.50 and other assets 10 the amount OF @O4U3 Inc
Court directed that the should ali DC converted
into money and deposited with the County CLERK. Inc
receivers final report II there also
William Barnes who was state superintendent OF IN
surauce from $50 to 1870 testified mat le was cOlsc
for Dr Lambert, the president % the company, on iDe
criminal trial and also counsel for about hili "a dozen
pOlcy-hOdeTs before the receiver He did not have an
interyen order however and knew little OF the affairs
OF the company. He defended the practice of judges IN
allowing intervening lawyers TO he paid ont OF the FUNDS
oil a company Is Just under the present law.
Ira ID. Warren lawyer Of This CITY, testified that ne
appointed by Judge DonOndc "a referee 10 examine
into the IN whicn policy were induced ny
to surrender policies tnat entitled them To parnc
pate the fund for other policies which DID not
give them that privilege. He could not recall whether
any persons appeared before him IN the matter or not
lie wrote TO the policy holders and Obiained their
policies. lie did think hc could tell at "A glance
whether policy had been changed in that way
OF not. lie allowed by Judge Mesthrook $500 for
ths work lie also appeared intervening attorney for
6l0 policy holders some OF these were persons who
their policies to him referee. lie attended court
III Kingston before Judge WestbrOOk one day. lie was
allowed 81 250 from funds IN the hands OF Supcrln
tendent snyth as intervening attorney and GOT BESIDES
$500 from the policy y-hOideIs
Dr. Thomas J. Lambert SAID that he presented Judge
NestbrOOk with ist of names To select receiver frOn
and the Judge told him lie would probably appoint blr
Smalcy AferWaTd when Mr.. Lawrence ap
pOin the Judge SAID III explanation that the first
cancy had been promised previously to Mr. Lawrence
VINO expected br made OF the Continental
The committee adjourned unui to-day.