The Providence news. (Providence [R.I.]) 1891-1906, 1902-06-28
Insurance Company's Official
to Answer Serious Charge.
SWINDLED ON GIGANTIC PLAN
Now In Ohio and VIII Flight 10 the Last
Ditch 10 Prevent His Return
10 Nav York.

New York. June 2s.--Wiliam M.
Hahn. vice president OF the Manhattan
Fire Insurance company. has been In
dicted. charged with the larceny of $4,000
from that institution. and Assistant Dis
trict Attorney Garvan yesterday directed
Detective Brindle to 60 to Mansfield. o..
and bring Mr.. Hahn TO this city. Requisi-
tion papers, Mr.. Garvan was Informed
yesterday, have been signed by Governor
Nash OF Ohio.
PREDECESSOR OF MARK HANNA.
Hahn will fight TO the last ditch TO pro-
vent extradi. .-on. He was arrested In
Mansfield on a local charge at the in
stance. IL is alleged. OF his friends TO pre-
vent the New York authorities from get
ting him.
Mr.. Hahn was Republican national
committeeman from Ohio from 1892 to
1896. and was succeeded by Senator Mark
Hanna. He also occupied the position OF
state insurance commissioner under Gov
ernor Foraker and was one of the three
original Mckinley men.
He was chairman OF the Ohio state
committee at the time Major Mckinley
was first nominated for governor and he
managed the campaign He was also
president OF the bank of Mansfield. o.
FRIGHTFUL FAILURE
The Manhattan Fire Insurance com
pany failed with over 5000 900 liza bilities
and when the receiver took possession OF
the company on May Z, 1901, the assets
were but 5000 This was three months
after n statement had been filed with
the insurance department OF this state
showing surplus OF assets over liabili-
ties OF about s40.0sJ
An inyestiea tion was sta rted nv the
district attorneys office at the request
OF the insurance department and the
matter was turned over to Mr.. Garvan.
IL was found that most OF the books and
correspondence had been taken out OF
the state and were beyond the reach OF
the courts. Enough was discovered, how
ever. to find one indictment against
President Daniel Myers. who was arrest
ed In Columbus. o., and who is now
awaiting trial here for the alleged larceny
of s27 900 In cash.
Investigation showed. II Is alleged. that
the accused increased the capital stock
from $3.50. 900 TO $500 900 I'm order to sat
isfy the insurance department. They then
took the stock and borrowed money on II
and paid that money into the company
for their stock When insolvency was
threatened they paid or their personal
Indebtedness with the money OF the COM
pany.
OF the company Hahn and Myers and an
other were Jointly indebted 10 the bank
of Mansfield 10 the sum OF s39. $50 upon
their joint note. for whicA Indebtedness
the bank held as security 800 shares OF
the stock Of the Manhattan Insurance
company standing in the name OF Daniel
Myers.
PAID THEIR PRIVATE DEBTS.
On the same date the Manhattan Fire
Insurance company had on deposit In
the Bank OF Mansfield the sum OF s39. 900.
Hahn came on to New York and, II Is
alleged. demanded Of Myers that he sign
the companys check for the above
amount TO be used TO pay off their per-
sonal Indebtedness TO tho bank.
Myers. after consulting counsel. re-
fused. but he called in henry II. Chupp.
the secretary In the employ OF the com
pany. and he signed the draft This
draft was mailed with instructions that
the private Indebtedness OF the three
men be paid.
II Is expected that Hahn will be ar
raigned before Judge Warren w. Foster
I'm general sessions for pleading Monday.
Mr.. Garvan is ready to go TO trial at
once.