The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1896-04-29
Trouble Among the Lloyds

The fact vas discovered yesterday
that last weea several attachment suits
were begun against the Lloyds. repre-
sented by Mr.. ". S. Moo,eitb aud an
inspection of the court house showed
that papers had been fled 10 the follow
ing cases and attachments had been
served ? Mrs. l.. B. Williams,
J. E. w. Halle. L. B McLaurin aud
is. Moore. Sui. has also been brought
by liar & Fairy Of Oraugeburg.
Mr.. w S. Moatei:h was called upon
to explain, and he was very unwilling
to speak co the subject He stated,
however, that towards the close of the
last month be was summoned to New
York aud there Informed that the South
aud North American Lloyds, Of which
he has had tue southeru management.
had decided to go out of business and
would at once reorganize, aud be was
directed to return home and after a
certain day to write no more for them,
but to send iu ali the policies be had
aud new POLICIES Of the reorgauized
Lloyds would be supplied.
Mr.. Monteith said that if this had
been dooe he could have continued
business without interruption.
The reorganization, however, did oot
take place until about the 9th or 9th
inst, and then it was decided to write
all policies in New York on applica-
tioos to be sent in from this and other
points
Meantime several losses had reached
period Of maturity and as Mr.. Mon-
teith had up to that time paid all losses
promptly, aad as the interruption above
stated had stopped his collections, be
went back to New York to urge upon
the underwriters the importance of pay
ing the losses then mature and also to
get tLem to resume business in way to
restore confidence
This he was unsuccessful in doing,
aad the holders of mature losses on the
policies have brought suit and attached
the business in his hands
H Gays the reason of his unwilling
ness to speak is that be has hoped and
still hopes that the underwriters will
take steps at very early date to settle
shese matters and 60 ou actively. He
declares that they are all persons Of
means and can be made to respond, but
be does not shiuk sha. the suits will be
allowed to 60 to judgment.
The above article. clipped from The
State of to day, will be unwelcome iD-
formation to many citizens of this
county who bold 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 iuforma-
tion by the we'll founded rumors con-
ce1niog the shaky condition of the
L'oyds that have been in circulation for
a month or longer.
These rumors have been confirmed in
a very tangible and unsatisfactory man
ner by the failure Of the Lloyds to pay
the half dozen or more losses that they
have had 10 this county within the last
three or four months. Settlement has
been postponed and delayed on one
subterfuge or auother from time to
time. and the policy holders have been
led to hope aud to believe that they
would receive this money in a shora
time uuti 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 Oh.
tain anything, thus showing that the
Lloyds had 90 intention Of paying the
losses except uoder compulsion Of law
The following is list Of those who
have claius against the Lloyds in this
county:
R F jackson, L S Vinson, Z c
Nichols, L D Jennings. R c Wesberry
Dr. B MCLAUGHLIN, j S Booth & Co.,
Mrs L Keels, Hazlehurst and San
ders.
Don't think because you are sick and moth
ing seems TO give you relief that you can be