The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1899-05-17

report already made by the insurance
commissioner, and that thereupon the
said sum of 1000 was paid by said in
| demnity company to the said Allo-
way"
! wish to state that during the past
! four years as insurance commissioner
no report or examination or any official
statement that has ever been made by
me or my examiners has ever been
changed in word or figure. The exam
| ination of the Connecticut Indemnity
associa ton was made by W. D. Whit
| ing, consulting actuary Of New York
city. in March, 1896. and March, 1897.
S. H. Wolfe consulting actuary of New
! York city, made examination for the
commissioner in April, 1898, and In
January, 1899, on the financial condition
of the company. Copies of these sever
al reports were sent to other insurance
| departments when requested. Accord
ing to the statute every insurance COM
pany doing business in this state must
file with the department statement of
its condition as of the 31st day of De-
cember of each year and that must be
sworn to by the officers of the company
and rendered to the commissioner not
later than March i of each year, which
is printed in the annual report of the
commissioner. These statements made
by the company were printed in 1896,
| 1897, 1898 and 1899
| In making my examination in April
of 1898 found under the mortuary
payments for death claims a check
drawn to the order of Chris Strobel for
81, 900 in settlement of mortuary claim
No. 3O4. I called upon Mr.. Strobel at
his home in Waterbury, accompanied
by S. H. Wolfe, and asked him II he
had adjusted any death claims, and he
replied that he had not. | showed him
the original check and asked him what
he did with the money which he OBJ
tanned from the bank He said that he
received the cash, $1,000 and had paid
it over to Colonel Doherty, secretary of
the company, and that Doherty claimed
that he gave this $1,000 to Charles X,
Baldwin at Delmonicos New York
city, and that the payment was made
for a favorable report from the insur-
ance commissioner. The date OF this
check was June 6, 1896 | asked Stro-
bel why it was that the company did
not wait until he got a favorable report
before paying the $1,000 His answer
was that Colonel Doherty had buncced
the directors into this payment and
that I had already done the company
up and they had not obtained the $T5,
600 Of new capital which they had ex-
pected to get if the commissioner had
given them clean bill of health
I found other Irregularities in the set
tlement of death claims and found
that the amounts sworn to as paid the
benefciaries did not agree with the
amounts which the benefciaries had re-
ceived About this time | had confer
ences with the officers of the company
and told them that | would make a re-
port to them on April is, 1898. A meet
ing of the directors was called at $50
Broadway, New York city at which
We're present President Ransom, Vice
President Fanshaw, Secretary Doherty,
Directors L. A. Platt. James G. Hill
house; Mr. Knapp. interstate COM
merce commissioner; James Gilflen,
Senator Butler, Mr.. Lake, Senator
Pierce, ex- Superintendent Of insurance
and Mr.. Strobe, Consulting Actuarv s.
H. Wolfe, Attorney James T, Moran
and myself
The meeting lasted from A until
O'Clock at which 7 gave the directors a
complete statement of the financial con-
dition of the company, and the irreg-
ularites / had found. showing that
their statement rendered to the depart
ment and sworn to by the president and
nj
upon Chris Strobel to make the same
statement made to me in explanation of
the payment of the 81 900 Mr. Strobel
thereupon repeated in substance the
statement have set out above. I then
called upon Colonel Doherty to verify |
the Strobel statement to the board of |
directors. Colonel Doherty confirmed |
the statement Strobel had already mad |
and also stated that it had been init |
mated that Mr.. Alloway had received |
some part of this and he wanted to as |
sure the directors that as far as his |
Mr.. Alloway had rot receiv- |
ed a penny. I thereup1n demanded the |
of Mr., Doherty for being |
dishonest of Mr. Fanshaw for receiving |
on sale of stock, and Mr. |
w
and orphans. After the meeting I as
'ertained from Colonel Burpee who wa
formerly counsel and director of the |
company, that he had a conference |
with Mr.. Baldwin with reference to |
this $1,000 transaction ard that Bald
win stated to him that Doherty paid |
nim only 5000.
On June T. 1898, l wrote the following
etter to Mr. Strobel of Waterbury:
Hartford. June 7, 1898.
Mr.. Chris Strobel. Waterbury. Conn:
Dear sir: In my recent examina-
ion of the Connecticut Indemnity as
l find that on June g. 1896, a
heck was made payable to you, signed
W w. H. Lake treasure and counter
signed by John B. Doherty, secretary. |
The followingis a copy of the check:
Waterbury. Conn, June 6, 1898
The Manufacturers National Bank.
Pay to the order of Chris Strobel $3.50.
,.... :. One Thousan go. Dollars
n full settlement of Mty claim No 304
1 900 H. w. Lake, Treasurer
/ find your endorsement on the check
md that you received the cash from |
he bank for it, which is verified by the |
an, NV 70 l,a l