Waterbury evening Democrat., 1907-04-13
HOADLEY TALKS
Statement Sent Out To-Day By General Manager Hastings
 of ihe Company
BASELESS RUMORS

l A settlement has been reached be-
 tween General Manager Glover s. Hastings, representing the New Eng
 land Mutual Life Insurance company and its local agent Charles E. Hoadley whereby the confused state of affairs of the concerns local business has been cleared up and the alleged shortage made good by MT Hoadley to MT Hastings. But according to we'll authenticated reports the ones to suffer are MT Hoadley's three chill dren, whose inheritance from the es- tate of the late Henry Bradley Plant was given up to settle the claims against their father This inherit ence amounted to about $15, 1000 and willingly it was surrended.
 When the litigation by the Hoad- ley brothers against the Plant estate was settling up MT Hoadley desired that this trust fund be given to him to invest for the benefit of his chill dren, but other counsel prevailed and it was decided that while he could use the income the fund should be held by one of the executors of the Plant estate, said to be George Til- ley of Darien, for the benefit of the children until they should reach their majority. Two of the children have reached that age and the third will reach 1t in a year or two.
 There seemed to be no other avenue by which a settlement could be affected with the insurance com .pany. MT Hoadley's interests in real estate that he was said to own, was reported to be very little. His brother-in-law Giles R. Anderson. was interested in those real estate ventures with him so that Mr Hoad- ley had only his salary and his small equity in his several pieces Of prop erty as his only income.
 This would not go any distance at all toward settling up his affairs with the insurance company and a consultation was held by his counsel and MT Hastings repr ,ntatiye and upon their joint opinion it was de- termined that this patrimony from the Plant estate should be sacrificed for MT HCddley's benefit even though the children were to suffer.
 As to a criminal action Prosecutor Meigs differs with Mayor Thoms on the interpretation of the statutes re- garding the prosecutors duties.
 Attorney Meigs is of the opinion still, that it is the duty of some one who feels aggreived at MT Hoadley's action to make complaint. then the prosecutor will do the rest It is not his duty, he claims, to make any in- vestigation into MT Hoadley's con- duct as agent for this insurance com pany.
 Mir, Hastings gave out the annexed explanation this afternoon:
 To Whom it May oncern:
 Frank T. Partridge and Morris P. Capen, agency inspectors of the New England Mutual Life Insurance con- pany of Boston. Massachusetts, yes- terday completed their audit of the accounts at the local office and sub mitted to me their final report. Co., incident with same all matters in connection with the audit were satis- factorily adjusted as between Charles E. Hoadley and myself.
 Many of the wild rumors in cir culation during the past two weeks were baseless. due in large measure to a misunderstanding of Mir Hoad- Iey's relations to the local ofice.
 MT Hoadley, up to March 25th. was acting as my agent and not as the agent of the New England Mutu- | al Life Insurance company. The policy holders of the company as we'll | IS the company itself, were only in directly interested.
 GLOVER s. HASTINGS.