New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-03-15

MR O'NEILL AND TIE CONTINENTAL LIFE.
LARGE FEES PAID TO COUNSEL AND REFEREEs-
HOW THE ASSETS OF THE COMPANY WERE EAT
IN UP.
The investigation into the receivers manage
OF varons defunct life insurance companies was
resumed sterday by tho Assembly Special Committee
ut the office of the receiver OF the Continental Com
pany No. 20 NassaI-st. The examination of Joseph o.
Tobias chief clerk Receiver ONel, with regard to
the orcrs issued by Judge Westbrook for the paymen
Of expenses of Mr.. O'Ncil occupied the entire
session. Chairman Chaplin conducted tho ques-
tioning in the afternoon. Mr.. Erwin ex-
aiming the witness in the morning The earlier orders
OF the Court first taken up and showed the pay
Of large fees counsel during the period Of Mr.
O'Nellrs rccevership including Sab TO Sigismund
Kaufman 81 900 to RedGeld Hill, Sl,324 80 to A. A.
Rauncy OF Boston, and 81, 09 13 TO Alexander Green
The witness testified to the petition OF Receiver
ONc to the Court for allowance for services OF $500
n mouth the Court granted $500 month. Another or
der for the payment Of $1,000 to John II. Mooney
for services accountant from July 10, 1877 TO Fcbru
airy l, 1875 at the time he employed by the re
ceiyer lie was drawing salary Of 5000 year one
Of the COmmiss. Oners Of Accounts of this city.
Mr.. Erwin-Isn't it fact that he employed to
show You how TO keep the books Of the company
The wtness-NO, SIR no. sir; although at that time
knew nothing about keeping books.
one OF the orders showed the payment of 1926 90 to
Peckham Treman, counsel for the receiver in ac
ton against the company, in which the company lost
judgment but obtaihed costs amounting to the sum
which allowed to the attorneys Order No 49, dated
August ;. 1873, allowed $4,000 to Wngac Cullen for
legal services and also compensation to the receiver at
the rate of per cent all the moneys received and
handled by him out of this compensation was deducted
the salary OF 5000 month previously allowed TO Mr.
ONe The order adudged the hill Of Wingate Cullen
to be reasonable and correct" The witness testified
that 81 900 subsequently was returned by that firm
because that part OF Its claim was disputed by the re-
Mr. welch-Did wingate & Cullen voluntarily give
back $4,000 after their bill had been confirmed by the
referee and Court
Mr. Tobias-Yes sir; we demanded its return.
Mr. TOuias testified that the whole amount pad 10
Wingate 4 Cullen mp December ISL, was $l9279 %
@ receiver had ogen Pa 70 1a ioa nS R oo Ior
due to him under the per cent commission allowed by
as ne oTa b, Icns S of % peT c9 on
$40 which had gone through the inds OF TIE re-
on the doubling handling Of this money,
there wero some questions not yet settled In Inc
referee who passed Wingate Cullens claim OF S393OO
was 4. b. WestbroOk, OF Judge WesbroOk; he was
paid 500 for the reference Mr. Tobias testified that
Referee Westbr0ok spent three days In the reference
two at New York and one ia Kingston. Later on, The
testimony showed that S7346 - had been paid for the
mortgages socalrd Pavilion property at sara
toga separate proceedings were BEGUN TO iorcco5Ts
each mortgage although ten OF the mortgages were al
TO the same person. .. -
One the orders Of the Court allowed 900 to Nor
policies which Receiver ONeil paid the first ana only
> ,
The witness testified that 10000 policies Examined,
IS. 900 OF which not disputed.
Mr.. Erwiu--!IOw long did that reference last
Mr.. Tubas-FrOm January to October 1879.
Mr. Erwin-COud not the uudlSputcl policies have
been examined by you, brought before tho referee IN
punches and passed by him upon your atestaOu that
they were good aud valid against the company
Mr.. TObias-Ncs, sir; certainly. Mr. Dayton exam
ined each policy in detail bu we had no the
matter
that Villa A. Boyd. while Corporation Counsel had
received 500 as referee Ia passing upon the 5eu ell
ccs Of the Continental Company Tie work took week,
by direction Of the Court each policy was examined
separately. Mr.. Tobias said such detailed cXanln9tOuu
his opinion. entirely UNNECESSARY. The work could
have been done well in five minutes time. F. NJ Bangs
was paid S25l % for services expert attorney III
to determine the value of Wngac CulleH's
services the receiver Mr. Tobias testified that the
devoted to the work lG hours and 10 minutes
married. the witness. THAT was cheap pay FOR his
time"
The committee will meet again to-day.
ALBANY, March 14.-AttOney-Genera Rus
sell has filed exceptions the report of Charles II. Win
field referee regard to the claim Of John j. Anderson
services rendered receiver OF the Continental Life
Insurance Company mp the time OF his being suppant
ed by the appointment of william r. Grace. Ilr Amber
son was p0ntcd receiver October 2j 1876, and
removed about February 1877. The referee reported
that reasonable compensation to Mr. Anderson for his
services az such would be $4,000, and that
there should be allowed the following for legal services
Robert SeWC, 10000; George ". Miller, III 900, ana
John L. Hll -, $50 Tne Attorney General takes ex
ccpiiOs each of these items rs well rs to various
iniings of the referee, including tdc one stating
that Mr. Anderson receiver passed over $lo2JOOO 10