New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-09-27

money 10 their credit in the Lloyds going to
their credit in the new concern. This was %
per cent above the par value of the stock and
since then they have been paying at the rate
Of p per cent on their stock.
WARNER MILLER GOT OUT.
Warner Miller was another of the Board of
Directors OF the insurance company. When
seen at his Office No. 100 Broadway. he said:
4 disposed of my stock in the concern several
months ago and before she receiver was ap-
pointed. All I know is that the business was
given TO Lockwood & Fornan to manage"
Senator Depew said;
A newspaper man got me to go into IT, He
came to me and said II would be very great
favor to him if l would subscribe $1,000
II was then in a Lloyds concern. Later it was
reorganized into q stock company, and the news
paper man again came 10 me and asked me 10
increase my interest in the enterprise He said
y did so ] would be doing him an everlasting
favor, for he hoped to secure a place with the
company when il was formed. He followed me
70 Newport and elsewhere. told how flourishing
and prosperous a business the company could
do and begged so hard that besides the $1,000
Lloyds subsc' lption I paid $4,000 more in cash.
receiving $4,000 Of the company's stock"
When Howard Could one of the former direc-
tors Of the Traders company. was asked yester-
day about his connection with the concern ne
said:
I resigned from the company in April. before
! went 10 Europe, and don't know anything
about the case"
One Of the sensational developments of the
case was the statement yesterday by Mrs. David
Allison widow of the cashier Of the Traders
company. that her husband. who died on Satur-
day last in Roosevelt Hospital. was killed on
account o. grief over the knowledge that the
company would he charged with fraud by the
State Insurance Department. Mrs. Allison sald
that his dying bed her husband told her the
name Of the man who had ruined the company
for his own benefit and she asserted that she
would use her knowledge if her husbands in
tegrity is called in question in the invesusa-
fion
DENIES Mr.. PAGES STATEMENT
When Mr.. Garrett was shown Mr.. Pages state
nent, he said:
We prefer not TO discuss Mr.. Pages statement.
although in many particulars il is absolutely faiSSe,
5o5 ne s baiaeen the Insurance department
END the company a. Nj Page Is eVldeHIy TeslIou9
Of doing which Is that the officers OF the lraaers
Fire Insurance Company have sworn 10 false
es 70 the responsibility of the directors LOT Ms M
false STA tement nor DO We care 10 90 SO nov
Committee ard took an aeqke par sg restiye
n 1neht- me e'''' 60 "'''e y '''@ '
Shortly after noon District Attorney Gardiner
and Assistants Osborne and Unger held con-
ference behind closed doors for an hour in Mr..
Gardeners office. The State Superintendent OF
Insurance was with them. subsequently the
District Attorney said that he had deeided 10
have tho matter submitted to the October Grand
Jury. which VIII ne sworn III b2 OuoSS -"
burger in Part Of the Court Of General Sessions
Monday
MI. Gardiner said. The case will be thor
oughly probed. do not care where the axe
may fall who may suffer. o.,
Assistant District Attorney Mcintyre sald
that two years ago two directors or a corpora
ton in this city were sent to prison for Two
years apiece for signing false statements that
they supposed TO be truthful. He said the law
holds directors culpable under such clrcuH-
stances. $1,000
J Stanley Lockwood, formerly Of Lockwood
& Ferman who transacted the actual business
of the Traders Insurance Company on per
centage basis. denied any sort Of wrongdolhg
in connection with the scandal. He holds re-
sponsib bic position with the North British Mer-
camille Insurance Company
At the house Of Mr.. McNiurran. in Hightstowh'
\ J. last night il was said he was not at nome.
Nr NcMurran is about forty years OLD, below
medium height and stout He inherited con-
sidera ble money some years ago from rela-
tive He has been a familiar figure for several
wears al Trenton during the sessions OF the Leg
islature. where he was al one time interested in
insurance legislation