The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1896-06-24
THeLL.OYDS INSURANCE.
A Statement from MIR. W. 8. MontelIh OF
Columbia.

A Statement from MIR. W. 8. Montelth o
| Columbia.
To the Public From November
1894 to 9Th of April, 1896, I transacted
business at this point, as general man
ager for the South and North Amer
can Lloyds and the New York ane alnle9
Chicago Lloyds, under contract witt
Whipple & Co., attorneys, NO. 8;
Liberty street, New York city, anc
during that period through State anc
local agents, placed nearly 10. O0O poll
cies throughout the States of Virginia
North Carolina, Georgia, Alabama
and Florida. l also placed an occa
sional policy for the Bankers and
Merchants Lloyds, represented by the
same attorneys.
l regularly remitted to Whipple &
Co., almost daily, the premiums re-
ceived, not waiting for the regular
notify accounts to 60 forward, as my
bank account at the Carolina Nation
al bank will show, and at the end oil
each month, during. that period, for
warded a statement showing every
policy issued and delivered, together
with statement of the policies CANCEL
ed, and those attorneys are fully aware
of the condition of every policy issued
by me for them.
In the last days of March, 1896, they
allowed their losses to 60 over due,
and suits IN attachment were com.
menced against them in number of
cases, which are still pending. | was
at that time summoned to New York,
and informed that those three Lloyds
had decided to retire from business,
but would reorganize in some other
form; later, about the 18th of April, l
was informed that a new organization,
under the old name of the South and
North American Lloyds, had been
formed, but I made no contract with
them.
In the mean time, the firm Of Whip.
pie & Co., attorneys, have commenced
serving notices upon the holders OF
policies, informing them that the pol.
icies will be cancelled at the end OF
five days from the time of said notice.
and asking them to send in the poll
cies, promising that return premiums
will be sent to the holder. This prom.
ise, however, seems to be delusive, and
appears to be mere trick on the part
of these underwriters and their attor-
neys to secure the possession of their
policies, without paying the return
premiums. When they have been
sent to them in accordance with such
request, these attorneys then reply
that they cannot pay the return pre-
miums until the party satisfies them
that he has actually paid the premium
to me, by getting a receipt, or certii-
cate to that effect from me; which re-
quest is made in the utmost bad faith,
as they are perfectly well aware, by
the statements which I have sent to
them, that the premiums have been
paid to me, and the possession OF the
policy, on the part of the assured, is a
sufficient certificate. Any information
that my reports would fail to furnish
has been obtained by a special agent
sent here to inspect my work. ,
This notice is given after repeated
requests made by me to Whipple &
Co., to forbear making statements
expressive of doubt as to these premi.
ums having been paid, or tending to
lead the public to suppose that there
has been any confusion in the matters
of accounts, which I allege to be in all
respects regularly rendered and ac'
companied by the funds collected.
All persons to whom return premi.
ums are due, are advised not to send
policies to Whipple & Co., direct, as
they will likely not hear of them
again, but they should send them
with notice of cancellation) to Col.
John R. Abney, counselor at law, No.
3 Wall street, New York city, a South
erner, and gentleman as well as an
attorney of high reputation, and he
will look 10 the collection of these &C.
counts and have them promptly re-
mitted to the parties, when collected ;
and if they shall already have sent
them to Whipple & Co., and shall not
have received a satisfactory return,
they should at once send to Col. Alb
ney, an order directing Whipple &
Co., to pay the amount to him, and
authorize him to collect, and they may
call upon me for any information in
regard to the policy that they them
selves cannot furnish, as my books,
which are absolutely correct, will en-.
able me to supply the facts in regard
to them. w. S. MoNTEITH.
Columbia. S. c., June IL, 1896.