New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-03-12
nrAvY BAIL FOR MADAM.
.v ANTHONY. INDICTED AS AN AC-
coMPLlCE. sURRENDERs.

>,.Aasm the lawyer, Of No 40 Nassau
/ ~ WAS arrested on Tuesday on indictments
| y. ..,nc him with dealing in forged and worthless
/ e'a of agreement for fire insurance Loyds.
/ ruee. nigh, IN a cell in the Tombs his friends
l spen, ;rv been abe 10 secure bail for him. An
POI h.rorc noon yesterday he was arraigned before
w.. Nevburger In Part OF the Court OF General
s;ops and Assistant District-Attorney Battle
90 that bail In his case be hxed at 10000 Mr.
-" ~ the law Arm Of Parsons Shepard ogden
wv s,,eared as counsel for McAdam made no
.sse,ion and Judge Newburger fixed the bail as
..,ed At the request Of Mr. Fox, the Judge
'..,a.d the prisoner until Monday. allowing him
-. an much time before pleading to the In
| w~.rt. NcAdam's friends had not obtained
Sa Tor him and he led back to the Tomos
=. r.wspaper men McAdam said ne was inno-
-, a, The charges which had been made against
~. ord ~ the articles Of agreement which he had
-, we're irregular he had been imposed on. He
,...ed 70 have no fear o. conviction the in
ro.uents He also said he could explain his con-
..,,,n with the markets scandal seven years ago.
u. Vas a, that time chief clerk OF the Bureau or
r,x Revenues. Of which the late J. J. Keso was
che head ard re said the transfer OF stalls IN the
markets about which there was so much talk. mad
hen going for forty years.
vr Battle declined to allow the indictments IN
N. case OF McAdam to be made public yesterday.
..o.use JcAdam had been indicted jointly Win
.,.- men who were still a, liberty. One or the
man surrendered himself AT the
oHce in the afternoon. He Is Frank Anthony, OF
p-,okvn who lately disappeared and was said
"a have gone 70 st. Louis At o. m message
VA. sent to the District-Attorney's ONCE giving
the information that Anthony vas In the once OF
lanes W. Ridgway. his counsel, at No. BROAD
way ana would surrender himself IL VAS saa 81
the Dis;rict-Attorney's ONCE that Anthony prob
.,y had learned that the police had sent te,e-
rams 10 ST. Louis asking for his arrest there. and
h. had decided 10 come back and surrender:
At THE DIsTRICT-ATTORNEY'S OFFICE.
,rthonv appeared with his counsel in the Dis
,rict. Attorneys Office at lso p. He said he
lived al No. % Hunf-st.. Brooklyn. When ne was
taken before Judge Nevburger his ball was fixed
A. 5000 and ne soon released on that pan.
lawrence T. Carroll. iiouor-dealer at No go
crard.st Williamsburg. accepted a. An
,honys bondsnar. and justified in the amount OF
s,:Na giving property at Nos. "A and IS North
Th.rd-st.. Williamsburg. as security Anthon? oe-
,lincd make any statement. but NJ. hiue"aE
said that his ellen, could prove his innocence OF
oo-rrNcity IN the sale OF bogus insurance charters
4 weli-lnown Insurance man Of this city, who Is
attorney for one OF the largest Llcyds. yesterday
said he came near being caught by the manusact-
ur,rs OF bogus Lloyds charters about three years
ago In April 1895, he said. there was great &C.
mand Tor fire I.oyds charters. At that tine there
were perhaps fifteen Loyds doing business III New
Yo., State and making money for their subscrib-
slAtal A Lloyds charter. so-cailed included ar'i-
clez Of agreement and policies written previous 10
October l. 1892 together with the register and cash
hoe . showing the transactions of the l-loyds bus!-
Tn. Trbunc's informant was an insurance broker
In 1893 and wanted TO buy l.loyds charter An
advertisement appeared in one Of the New-YoTk
papers stating that Iloyds charter was for sale
An interview followed the contract was signed and
o consideration passed The holder OF the contract
felt that he had secured good thing for % per cent
Of the market value BY careful inquiry he soon
learned that other contracts for the same charter
we're life the price and from the same
PERSON Further investigation proved that what
rurported be honest policy, such as used IN
the States OF New-York. New-Jersey and Pcnnsyl-
yana, was base and ugly forgery! apparent TO
even unsophistcated persons. The standard form
OF policy in PENNSYLVANIA was not adopted until
year later. THO lawyer selling the charter could
rot. would not give the name OF the printer oil
the policies thai Helped constitute the charter.
Closer scrutiny developed the fact tina; the making.
c. the forging OF the policy antedatcd the making
Of The paper and the printing Of the policy.
PUT OFF FROM DAY TO DAY
The holder Of the contract was anxious 10 meet
the principals whose names appeared on the policy
duly subscribed TO- but he was put of from DAY 10
day without good apparent reason Under threat
10 publsn the transaction the insurance man
brought the lawyer to terms. and the money was
surrendered with ss good grace as could be ex-
pected The Insurance man lost nothing
II, has been apparent 70 everybody acquainted
With the Iioyds situation that there were great
nuncer Ct Iloyds doing business fraudu!enuy'
saS an Insurance man yesterday. To business
nan II seems Impossible that such sta.e OF az
fairs could succeed. On ths back of each l-ioyds
p,:cy are the names Of the subscr be-s. and op-
pJsiie each name the amount OF money that 'he
subscriber binds himself 10 pay in case OF loss by
FIRE. together with tie character CT his business
and his address. On the policies CT the fraudulent
Iloyds appear the names o. retired capitalists
whose standing and commercial rating cannot be
asaertained by the usual business methods Inc
value OF a Lioyds policy IL In the financial stand
Ing Of the subscribers. This Is 90 apparent ana
plain that those glled By worthless policies deserve
no sympathy. Certainly 1t IL not the up-io-oa'c
broker tina, has been taken advantage OF. IL Is the
unsophlstlca,ed countryman that has bought 'he
gold b-ck MANY prominent. representative whole
sale ard retail merchants throughout the united
States arc underwriters for Loyds
Emory ~ Downs. Of the kn.cke!oooKer L'o!us'
sad Yesterday: The Lloyds system Of insurance
Is the Oldest method OF indemnity for nre losses
extart For every good thing made eince the hooa
taer. ha , been It's counterfeit. Wolves In sheep 3
clothing have been found in every MOCK. business
men With minds business bent have not been the
sufferers by these L,oyGs forgeres. All reputaoie
Lloyds have been working earnestly to bring ABOUT
the action OF Deputy Attorney-deneral Richatus'
and they rejoice that the storm Is almost over
The Lloyds atmosphere will be as cear as !. was
In 1892 when they came to the rescue OF the ihsur-
ing public that could not ind indemnity enough IN
the United States but had to telegraph across the
water for indemnity In case Of loss by fire."
TALK WITH Mr.. PIERCE.
superint .ndent Pierce. Of the State Insurance
Department who was In this city yesterday. saio
that the investigation which had resulted In the az
rest Of McAdam and the indictment OF others might
b expected to wipe out OF existence many OF 'ne
bogus Lloyds in the city lie had been informed
he said that some Of the Lloyds which had been IN
business several years. with good backing and good