The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1896-05-06
TROUBLE AMONG THE ELLOYDS.
Claimants Against Them Can't Collect
Their Money For Losses.

Their Money For Losses.
The Columbia State, few days
ago, published the following in refer
ence to the above insurance compan-
les: The fact was discovered yester-
day that last week several attachment
suits % begun against the Lloyds,
represented by Mr.. w. S. Monteith
and an inspection of the court house
showed that papers had been FLED in
the following cases and attachments
had been served2 Mrs. L. B. Will
Jams, J. E. w. Halle, L. B. McLaurin
and J. s. Moore. Suit has also been
brought by Izlar & Fairey of Orange
burg. Mr.. w. s. Monteith was called
upon to explain, and he was very
unwilling to speak on the subject.
He stated. however, that towards the
close of the last month he was sum.
moned to New York and there inform
ed that the South and North American
Lloyds, of which he has had the south
ern management, had decided to 60
out of business and would at once re-
organize, and he was directed to re-
turn home and after a certain day to
write no more for them, but to send
in all the policies he mad and new pol,
icies of the reorganized Lloyds would
be supplied. Mr.. Monteith said that
if this had been done he could have
continued business without Interrupt
ton. The reorganization, however.
did not take place until about the 9th
or 9th inst, and then it We decided to
write all policies in New York on ap-
plications to be sent in from this and
other points. Meantime several losses
had reached period of maturity and
as MIR. Monteith had up to that time
paid all losses promptly, and as the
interruption above stated had stopped
his collections, he went back to New
York to urge upon the underwriters
the importance of paying the losses
then mature and also to get them to re;
sumo business in way to restore con-
fdence: This he was unsuccessful in
doing, and the holders of mature loss
es on the policies have brought suit
and attached the business IN his hands.
He says the reason of his unwilling
ness to speak is that he has hoped and
still hopes that the underwriters will
take steps at very early date to set
tie these matters and 60 on actively.
He declares that they are all persons
of means and can be made to respond,
but he does not think that the suits
will be allowed to 60 to judgment.
Commenting on the above the Sum-
ter Watchman and Southron says:
THE above article will be unwelcome
information to many citizens of this
county who hold policies of insurance
in the Lloyds. 1t is true that it will
not be surprise to them, for they
have been prepared for some such in
formation by the well founded rumors
concerning the shaky condition of
the LloYds that have been in circula-
ton for a month or longer. These ru-
mors have been confirmed in very
tangible and unsatisfactory manner
by the failure of the Lloyds to pay
the half dozen or more losses that
they have had in this county within
the last three or four months. Settle
ment has been postponed and delayed
on one subterfuge or another from
time to time, and the policy holders
have been led to hope and to believe
that they would receive this money in
short time until recently. Within
the last ten days Mr.. W. s. Monteith,
the State agent of the Lloyds, has
written to the policy holders who have
sustained losses that they had best
place their claims in the hands of an
attorney and follow his advice, if they
wish to obtain anything, thus showing
that the Lloyds had no intention of
paying the losses except under COM
pulsion of law.
The following is a list of those who
have claims against the Lloyds in
this county: R. F. Jackson, L. 8.
Vinson, E. G. Nicholas. L. D. Jen-
nings, R. G. Westberry. DR.. B. Nc
Lauchlin, j. s. Booth & Co., Mrs. s..
Keels, Hazelhurst and Sanders"