The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-04-17
Big INSURANCE FIRM FAILS.
BOHM G. FRO, ONCE, AGENTS OF
EQUITABLE, ARE BANKRUPT.
Owe the Company $3.50 600. Secured by
Renewal Commissions Cab and Flower
Bills Which the Mutual Paid Now
Turn ~Up-Treats TO Girl Employees.

Turn Up-Treats TO Girl Employees.
Petitions In bankruptcy were filed yester-
day by julius Bohm and Rudolph Bohm, in
dividually and as members OF the trn OF
julius Bohm 4. Bro, insurance brokers at
l9 Park row.
The liabilities of Julius Bohm are SAT ,795,
with assets Of 81, 62s. Liabilities and assets
Of Rudolph Bohm are nominal. The liabili-
ties of the firm are 1887, 1888, with assets OF
1921, OPT, OF which 5000 ,55s are debts due,
81, 400 bills and SIS 900 stocks pledged as Sc
ourity with Wolf, Kohn Il Uhlman, Noses
Greenebaum and the jefferson Bank.
The Equitable Life Assurance Society APP
pears as the largest creditor, $352,57o Sc
cured by the renewal commission Of the
banlrupts as agents Of the society. The
jefferson Bank is a creditor for $l0,55o, and
Morris Katz for 5000 (~secured by pawn
tickets). The largest unsecured creditor Is
B. Frank Sadler, $Sr5O7.
Up to the latter part OF the year 1905
julius Bohm & Bro. were general agents for
tho Equitable, and among the best pro-
ducers of business employed by the society.
H. W. Gennerich, formerly president OF the
United National Bank, was on the stan OF
the Bohms, and it is said that he alone wrote
more thar 81, 900, 900 Of business a year.
Some time after the insurance compiica-
tons arose the connection OF the Bonn
brothers with the Equitable ceased, some
Of the most prominent men on their stall
making individual contracts with the So
ciety.
Evidences Of Richard A. McCurdy's artis-
tic temperament are found not alone In the
dainty white and gold furnishings of his old
offices in the Mutual Building, which cost the
poicyholders 50, 900 and are now stored In
the basement.
First, there is the matter OF cab service.
Mr.. McCurdy, when he wanted to ride, didn't
20 TO one of the common Wall Street cab
men, whose names suggest corn beef
cabbage as much as ANYTHING else, Ihe
man who served the Mutual officers had a
name that suited his business William
Goodspeed.
Vouchers discovered In the Mutual's
supply department show that Goodspeed
got as much as $3.50 some months for regular
service. In March, 1904. he got in addition
s45 for extra work" 1t is not known
definitely what the nature of his services
were, but it is supposed that he earned
officers to and from the ferries.
Then there is the matter of flowers for the
court OF the Mutual Building, Vouchers
have been found sho wing. payments to
Alexander McClelland for these. Mr.. Nc
Clelland lives in Dobbs Ferry, where
beautiful flowers grow. He is a brother OF
eX-State Senator Charles p. McClelland,
who drew money from the MUTUAL Llle
after he had retired from the Senate for
advising the company in regard to legisIa-
tive matters.
what a beautiful summer sight it must
have been" said an insurance man yes
terday. ito see Charlie McClelland sitting
peonies in his brother A~lexander's garden
studying the Legislatures bill file, with
Andy Fields on the other side Of the fence
holding the sprinkling pot
ne payments to Alex. McClelland Tor
flowers ran at about $50 a time. A voucher
dated july II, 1901, signed by McClelIand
reads ito plants in court The flowers
weren't planted in the court more than once
or twice in q year.
Other interesting matters have been
turned up in the investigation Of the supply
department. There is a voucher for June,
1906, for 500 which was used in taking the
girls in the Mutual out on an excursion.
They went on a sail up the Hudson. 1t vas
said yesterday that 1t was an old practice
of the Mutual to give the women emPloyees
an outing once a year, Inc nTactlce mas
been discontinued.
Other vouchers have been uncovered
showing payments by the Mutual Life for
travelling expenses incurred by Richard A.
McCurdy. These include expenses OF trlps
to Europe as well as in this country, and foot
up to several thousand dollars. The trips
are all supposed TO have been made in the
interest OF the company's affairs. The
vouchers for the expenditures were signed
by John X. Deuer, Mr.. McCurdy's private
secretary, and the payments were rresIma-
bly, entered in the books as having been
made to Deuer. although the vouchers con-
tain all the facts.