Spirit of the age. [volume] (Woodstock, Vt.) 1845-1913, 1896-01-04

Der of the state senate from the sixth senato-
rial district. His chief work during his term
Of office was his part in securing the passage
Of the measure which created the prcsrut
state board of health. In 1884 Dartmouth
College at its June commencement conferred
on him the degree A. NJ.
In the summer OF 1885, the New Hampshire
Legislature entirely recast the Insurance
laws of the state, and after a prolon led
struggle enacted the "valued policy law"
TO meet the condition OF affairs thus pre-
sented, New Hampshire capitalists speedily
undertook the formation of local insurance
companies. and DR.. Moore, seeing in this an
opportunity for the exercise of his financial
ability which had 80 long lain dormant, an
for the profitable inve. tment of the millions
of money which he and the New Hampshire
Club represented. secured u charter for the
Peoples Fire Insurance Company. which
met so diastrous an end in the summer of
1893.
70 the presidency of this company, DR.
Moore secured his own election. and Charles
+. Morrill, became treasurer. This. H. is be-
lieved. was Moore's first business connection
with Morrill, and the partnership then struck
was destined to be one OF the most remark
able In New Hampshire's financial history,
involving, before 1t was ended, the wreckny
o. three great financial institutions and car
rying to the people of Manchester direct
money loss OF more than 81 900, 900.
Accorlingl In 1889, the Legislature was
induced to grant charter for the Mcrrimack
Mortgage h Debenture Company, and the
charter as 1t was originally granted by the
Legislature was vetoed by Gov. Goodell. 1t
was aterward amended, however, and re-
ceved tho executive approval.
Under this charter business was begun and
continued for nearly three years, when the
name OF the corporation was changed to
Nall Gn.,i nh md Ill NNs
rill was chosen treasurer. The Merrmack
Mortgage 4 Debenture Company was always
u little off color. and it now appras thpt it
was during the short life OF that institution
that DR.. Moore frs: resorted to questionable
means for securing the funds he 50 much
needed
The panic OF 1893 was little felt in New
Hampshire outside Of the Queen City OF Man
chester, and the actual crash which occurred
among the banking institutions of that city
was preceded by weeks of underlined rumor
in which the affairs of the Derryfield Savings
Bank and the National Bank of the Common
wealth we're prominent.
The legal aspect Of the case next called for
consideration. and Bank Examiner Dorr o.
New Hampshire called upon the comptroller
for assist ance in untangling the Common.
wealth's affairs. Bank Examiner Gatchell
OF Massachusetts was accordingly dispatched
to Manchester. and the two examiners, to-
gether with Dist. Atty Remich. took poses.
sion of the Commonwealth's books, and
made an exhaustive examination. which re.
suited, in January, 1894. in the indictment OF
both Mo re and Morrill, for abstraction, en-
bezzlement and misuse of money. the sub
stitution OF funds and credits. and the gen.
eral manipulation of the bank assets.
In the meantime, the trustees of the Derry
held Savings Bank. after several stormy
meetings, turned over their affairs into the
hands OF o receiver. ana the Peoples Fire
Insurance Company suffered II like fate.
Both of these tran n-fers were preceded and
accompanied by an expert examination of
he accounts.