New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-10-25
IN INSURANCE CONSPIRACY.
TWO CLEVER RoGUEs FED AND TOOK CARE OF
BROKEN DOWN MEN TO GET POLICIES

BROKEN DOWN MEN TO GET POLICIES
on THEIR LIVES.
"The Chronicle an insurance Journal publishes the
story OF life insurance swndles In this city ~hch ior
adrotness have seldom been equalled. impccu"iouS
and incorporate compostors in il-health WHO w wcn
willing to allow some one else to secure two or u'ec
thousand dollars after the compositors were dead lot
the sake of getting $40 or $50 while 'ney
were alive were the subjects Of extensive swinaes
by named Caldwell Hc e'!uo".y
Understood his business thoroughly, for all MS
movements were those Of a master at the Dlsihe's'
lie would pick out particularly impecunlous COM
positor who was badly broken down in health ana put
him ain training" This process consisted 10 feedng
him well and giving him plenty OF outdoor c1e.,se
so that he would appear to be In prime health Al NC
were too much broken down to allow his being Pa"ne
of on city agent where expert physicians ae' aS
examiners he was shipped to the country, Where INC
agents not well informed concerning the treAs
Of the trade and policy was secured Tor MIN 'here'
In most cases. however the policy was obtained from
New York City agents.
When the subject had been fed mp to the proper
point he was taken to the insurance agent ana po'y
for from So to SO 900 taken out and thS poncy
was Immediately assigned TO O man "ho "e"'
by the uncommon name OF Jones' printer named
Rcgan made an affidavit that he was insured through
the instrumentaty Of Jones in October. lsso iie
was out OF work. and hard pressed for money when ne
met Caldwell who suggested that he could make some
money by being insured. Regan needed the ihohe''
and readily consented to the scheme. lie was hiO"
duced to Jones by Caldwell, but evidently MS phys
cal condition did not Quitc suit Jones, so no put
him off from time to time, at each meeting
giving him small sums of money with which
he could procure good food and take
good care Of himself. About the middle OF OCTOBER
Jones bought him a complete outfit CT clothes Ineh
Recan was taken to Turkish ana electric pa'"nH
establishment. When he emerged from that place he
was a new man, but that did not end his training
Caldwell TOOK him suburban town In NeWJerc!'
where they went TO good boarding house. Jones
visited them once or twice . week, and left money
enough each time to procure Just enough hquor "
strengthen Regan's nerves ADDED 10 the hQuor "@'
strong tonic and afterward he took beer yea anu ho
uouors until he had passed the first examnataon ior
o,,cv a, the Mutual Life Insurance Company, Uf fnss
city, for $4,000.
wbon Rcpan had successfully passed that examina-
t,on lie was evidently good subject to DO lost
so easily and the conspirators had spent 100 c" '
and money in training him to allow MIN 10 NC sou
for a palry sum of 1000, they suggested that nc
should 90 into anoh her company. AS thcrc was ihoc
money I'm it for him Reean readily complied. lie
did not need any "traning' this time, but succeedeo
in securing another policy for $1,000 from the hlut'Or
Life Assurance society, which was immeoia'clS a.
signed to Jones. For this policy Jones paid hegan
the sum of S42 so, making about S'o lot "e '"o
policles amounting TO $1,000.
After the subjects insured for all that 1t Is
tboupht safe to insure them without exciting sns
pcIon they are again turned loose and return 10 'helr
unsteady habits and without doubt find an early Graxe we
Tho snccess which has crowned the ehorts Oh lle
is shown in the fact that many OF the Des
companies in the country are among tnelr vlc1,l %
IIow much they have made in the past II l. impoSspe
to say but large number of policies OF rom Of
the men, It Is declared. have dicd and >, inc
policies have been paid by the companies ~ Is
Understood that efforts will made to have the policies
Cancelled which are now held for the benefit OF INC
NH