The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1891-07-09

OhNN
NV Yonr, July s.-President Will
,.,a II. Beers, Of the New York Life In
' .r,,nce Company, arrived home from
i Tn,,nc las. evening on the North Ger
~. IIoyd steamship Elder. A world
-l.,,.atjop has occurred in the affairs
y .,,be New York Life Insurance Com
= .,,y since Mr.. Beers left here to look
m, some Of its affairs in Europe.
The alleged embezzlement or defalca'
~, # Julio Merzbachor to the extent
100, the publication of the most
s,ioa. charges against President Beers
bin.e!i,'and rumors OF possible arrest,
ii ,gitated financial circles and made
,oIirv.bolders feel uneasy.
Pr pr:.ident Beers, however, was rs
sinner as a sparrow when a reporter
s,aaied him in his cabin on the Elder
o'clock last evening, ut the dock in
Hoblken. ,,:
,b,rt tfnuble, but you mustn't believe
,Vy yon hear" he said, Then the hearty
Eokinr head Of the great insurance
company went on:
"Ibe first knew OF any notorlety in
connection with the affairs OF the COM
,J was reading cable despatch from
S@H York in the London papers. It
w. about Merzbacher, and as noimpor.
,srce was attached to that affair l paid
Toottention to it. Then when / got to
Phi began to read and hear more,
,sj received some private kilograms.
NJ bn,ipr,, on the other side was inn
,or,nt but concluded to come back
Ea6rr Il was finished to look into mat
IN st home"
tl!was reported in New York, Mr..
Bts. that you were frequently IN
Nsnbachers company on the other
Iie said the reporter.
Mr.. Beers looked little cross at this,
ul then, with an emphatic shake OF
behcad, said:
That is 4 falsehood. saw Merz-
lscber only once, and then for about
iyeminutes."
10 what do you attribute the ru-
norel troubles OF your company"
There has been no trouble that !
know Of except what has been made by
few sorc-hcals and scandal-mongers.
When lett here the affairs OF the New
York Life were in good shape. Mr..
lrubachers shortage did not affect
aewmpany. Mr.. Sanchez, his partner
the Spanish-American agency, was
The only one affected. We were amply
mu,ei. Some OF the talk that has
me ont is fifty or sixty years old. Ex-
pOltl umors and moss.grown reports
have been resurrected and made to do
Rrce by persons who did not have the
let interests OF the company at heart.
twill say this" continued the Presi-
dent, and Tor moment there was an
ngy CLEAN in his eye; "this whole
thing is the result OF q conspiracy by a
kVlsgruntled and disappointed indi-
viali.. They wanted Office, and be-
tare they couldn't get it they deter
mined upon mischief"
against whom was the conspiracy
Inrlg'
against me, chiefly. Charges were
male against me over three years ago.
These charges were all proved ground
t., and the gentlemen who were in
tgid with me by the conspirators
Iue all exonerated. Now, after three
yeis through the Vaccinations of
these people, these old baseless charges
ieNyampcd with the sole purpose of
inning me
Btn.n
The President had been rafting along
yolnbIy, but he hesitated at this ques-
As to that" he said, after while,
y no not cars TO speak. In fact, l
!aayen'tanything to say now. am not
una position to say much, rs lam not
illy informed OF the condition OF
alalS. Just as soon us ] can advise
!nyseItthe public will be given all that
- NNsAl W huOW' ms NEW lOTk
lac has no need Of concealment. am
g'aa I? know that at the first serious as
pect Of affairs the Executive Committee
invited the State Insurance Department
@MSkc q full investigation"
i, Was i at your suggestion that
l1eI srlt Tor $l,0OO0OO damages was in
'allItedagainstaNew York newspaper"
4 know nothing OF any such libel
NS Come and see me in day or two,
al will gladly give any information
amy power. | am convinced that the
e9pany can show clean bill OF health,
va mat there's nothing to worry over,
except some huge exaggerations.h
President Beers was asked ii he had
lsa'I that rumor was current in this
~ that lie was to be arrested on his
TLl'ai here. He laughed and said no.
t ils FHmor was started few days ago
.a.le Mr. Beers was on the ocean, and
E I9I. out OF the consultation between
elIIlam B. Hornblower, attorney iorthe
Stoll. N u''''i'' "'''i"e!