Waterbury evening Democrat., 1889-01-25
A SOLID COMPANY.
out 8 Whimper-Elaborate swindling System of a Trusted Agent.

1t Stands . S4OO, 900 Emb0xxlement With
 out Whimper-Elaborate swindling
 System of Trusted Agent.
 HARTFORD, Jan. 24-CoL Jacob L. Green, president of ths Connecticut Mutual Life Insurance company, of this city, has issued a circular informing the policy holders that Joseph A. Moore, for sixteen years financial correspondent of the company at Indian apolis, is a defaulter to the amount of about $500 0OO, but has restored property which may reduce the actual loss to S4OO, ,0OU, and that in any event the loss will not affect the solvency or impair the dividends of the con- pany, which is very prosperous, and will pay a larger dividend this year than last, while probably increasing its already large surplus. The forthcoming annual report will show solid assets amounting to $57, 600 OOO, with a surplus of about S5, ,25O, 900.
 Mir. Moore has hitherto enjoyed the un- limited confidence of the company. During the past week an investigation of his accounts was made, revealing the dedication. This Is the only loss through a financial core spondent experienced by the company during its forty three years existence.
 In an interview, MT. Greene said that Moore was leading citizen of Indianapolis, about 45 years old He had been speculating. The defalcation was of three kinds-principal of loans paid by borrowers to be remitted to the company; interest for the same purpose, and rents on real estate in his charge He concealed the thefts of principal by advising and securing extensions of loans on account of alleged financial difficulties of the borrow CTS, who were represented as affected by the depression in real estate values dating from the panic of 1875 He remitted interest and small payments of principal from time to time, ill accordance with his representations that the unfortunate borrowers were srrug- gling to do all they could. These moneys l came out of his own pockets or rather out of his stealingx He devised narrowing tales and kept the company minutely advised of the progress of individual alleged cases, and thus prevented foreclosure proceedings. Oc- casionally he would really settle up one of | these cases, greatly to the satisfaction of the company, and to the apparent vindication of his judgment Meanwhile he was constantly | remitting large sums on genuine invest ments in a perfectly correct manner. The rents taken form but a small part of the do | falcation, and these thefts were easily con cealed by misrepresentations as to short time verbal leases.
 INDIANAPOLIS, Jan. 25-Joseph A. Moore, the story of whose dedication is contained in the statement of President Greene, of the Connectlcus Mutuai Lue AnSurance company, autographed frem Hartford, can not be found. Reporters have been unable to gain admis- sion to his residence, and persistent ringing of the door bell meets with no response A prominent banker said that Moore told him I that he was ia trouble with his company and when it was suggested that he call on bis friends for assistance, said it was impossible, as the amount of his shortage was too large. The money was lost in speculation. Moore came hsrs from Madison, Ind. became clerh in the banking house ot Fletcher G Sharpe married . daughter of MT. Sharpe, and left the firm in 1878 to take the position Of hnan. cial agent for tho insurance company, with | which he has ever since been connected