The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1889-01-25
HE STOLE 100000.
An Insurance Company Rob
bed by Its Agent.
A LIGHT IN rnE cHrRcH.


ISnENsAFoLis. Jan ai.--Gsreas as
ton;shmens was created in this city
tonight except among the select few
who are IN the secret, by the an
naaneeAaens that Joeeph A. Moore
was ssefaulter To the extent OF 500, :
cto- He Is the son of a banker
st Madison, Ind. He came 70
this city - wears ago. In tsra he Sc
cured the general agency Oh the Con-
E,sscsicut Mutual Life Insurance Co.
has operations being quite extensive.
covering all of this state and porssaa
OF Illinois He WAS also secretary and
treasurer OF the Moore Desk Co.
and has spent consi teraale money ID,
fitting mp the building for safe siepss>at
purposes. work On which Is no0 in
progress He was regarded as 4 safe
and successful basfTsess man. and his
financial standing &as not seStionei
by any one in the city.
he Is n prominesat vestryInan oi
81. Paul's Epi copal church, and his
personal HABITS are exceptional. All
efforts TO see him tonight have failed.
HAErFoRp. Conn. Jan 2a--Coloaei
Jacob Green. iesent of the Con-
necficut Mutual Life Insurance Com
pany, made the following announce
meat thi, evening. : Ii has jG-t heen
discovered that the financial eerre-
spondent of this company at Indian
apolis. after Is wears of service is
a defanlter. For the past week
his accounts have been under
investigation, and . defalcation has
been found. The extreme amount in
voIved is about $4,000. He has re-
stored TO the company property which
may reduce the actual loss TO Sioo, COO.
The amount of the loss will not
in any d. gree affec. the company :
Solvency, nor even interfere with
its regular dividends. The agent is
Joseph A. Moore. leading citizen of
Indianapolis. about Is years old. who
has hitherto occupied u high position
in the community He has been spec
ulating. The steal consists OF three
parts: the principal of loans paid To
him BY borrowers to be
remitted 10 the company. interest
paid 10 him for the same purpose.
and rents collected by him on real es-
tate in his care The theft OF the
principal and interest Is covered in
part by more or less frequent pay
inents of interests on loans taken in
part by a most ingenious and consis-
tent series OF false bonds. In
response to frequent inquiries
by the company he represented
these borrowers as being in financial
difficulty. anxious 20 struggle on and
pay their debt and save their property
from foreclosure. and he vas confident
they could do IL with leniency on the
eompany's part, promising they would
made payments whenever possible
He continually represented himself
as carefully watching the people and
doing all he could DO TO enable them
to worry through
These theffs began at time when
there was great deal OF distress in
Indianapolis, and when the company
not only did what il could TO aid
borrowers in saving their property,
bat was compelled 10 take.
great deal of real estate. and this state
OF depression came later in Indianapo-
lis than elsewhere and continued 4
long time, SO that Moore's statements
were en- irelv consistent wit,. and an
rarentiy q continuous part v. the pre-
vious history Many eases thus
in arrear were actually brought
out successfully. thus apparently
further confirming hi~ representations.
Meantime he was constantly remitting
for borrowers very large sums OF
money in a corrcet manner. His
position and repatatson aud his
energy and ability all made il ap-
parentiy impossible that he could he
tray so great q trsiSf. This is the only
loss through financial correspondent
the company has ever experienced in
the 4S years Of its career.