New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-03-13

o,,c,rs WRITTEN FOR COMPANIES NOT IN NEW
WORK STATE AND UNAUTHORIZED TO
WRITE BUSINESS HERE-DEvELoPMENTs
IN THE LLOYDs CASES.
~or,,ns on the heels of the inquiry into the
soous Lloyds is another insurance investigation
.h,cb the state Department authorities yester-
S.v believed would result in running to earth
,aw-breaking clique. One man. it is said was IN
Acted Yesterday on a charge OF violating the law
~ the State which prohibits companies in other
s,s,es from soliciting business in New-York with
out authority.
In the variance of insurance. this method OF I'M
foreground business comes under the category OF
"udldcat". underwriting. For some time wildcat
~rork has been done not only in the city, Out
throughout the State. Property to the value OF
r,,lI,,ns of dollars has been insured in companies
onerating outside of New-York and not author-
ICED 10 write insurance here. The persons III
vo,yed in this violation Of the laws are under ciose
surveillance and the indictment OF one. as ru-
nored yesterday. is only the beginning OF
crusade against these wildcat frauds
,rh. efforts of the State Department of Insur-
ance are being directed particularly toward the
agencies which have written business lHesd"S J."
this city The probing by the State authorities Is
not hampered in this instance as In the ihVesu-
ration into bogus Lloyds concerns TAe Liovus es
tablished before and in 1892 are exempt from al
tate
friendly cover fraudulent Lloyds did business
,r.e,v hut in the case OF other insurance concerns
the doors must swing wide open to the law ana
the underwriters submit to the search by the Oh
hcers.
A point raised by the defence In previous prose-
cutions OF wildcat" cases was that 50 long DIS
the policies were not actually written IN New
York the business came without the pae oI t'e
,n and on this view much will depend in the dis
nos,tion OF the cases now under consideration. Inc
practice has been to solicit business in the city
and State, and then merely TO cross 'he huuso
and write the policies in Jersey CITY once
thereby In the opinion of the wildcats e'~u-
Ing the law. 5000, 49, ,a,
h.rnered in a financial way. The APPROPRIATION re-
nuired in the investigation conducted uy Ipvos
Acknowledgement kicnards INTO rhe sum was Set
aside by the Insurance Depar lrens IA, wnsst,led
status in regard 10 ane ISe oyas case
his hands, and determines me that phase
surance Department has IN ihNes'ea'''e ~
1nstice Truax has gone abroad with his nrae on
UP r ,a' Recruitment is anxiousy keeping one eye
on returning vessels and the ONE, rv On moment
ny ether arrests by the county authorizes haN d
been made since Graham McAdam; tne Az 49, taken
his alleged ac,ompce Frank Antnony. W. wei been in.
into custody The third said to nave oee hen
dicted with McAdam and Ant ia SsH mas "0'
seen o oy ms the release Of Anthony on 500 BAL
McAdam was bailed yesterday al *pV s - Th,rtv-
men are Phoebe j. McAdam Of No Ss Wes Sos w Wes,
fourth-st and Esther A. Perrine Oh * coS SO'
rrwenteth-st Each became surety IN ~; bond
IA soon as Judge Newburger accep.eo ,ba cour.-
IN part / General Sessions McAdam el. '''e md his
room accompanied by the TWO woi'e" anu
brother. .,- rasnacting the bogus
rjoyds Hubert l.. Smith was released yes DD,;
imSse NeWburger on the recommending Oh IN ,bs
Xtterney General Richards smith had been ~ o re
Tomhs for weeks awaiting trial on char 80 VI
ing the name OF a Broadway halter 10 ss gong out
Smiths freedom was brief. AS ne Vas sUi e.. riH
-. .ha courtroom he was arrested by Deputts 49,
Wal~srins on commitment issued by justice 800 70
s,aWer ~ the Supreme Court. smith ~ds tn,o;,s1
f~d,nr street Jail The comm itMent was oo Sr-h
Nv Mrs Fannie B. Smith the prisoner y 81 200 ar
rssrs Of alimony and. 1t is charged taleu 10 pay