Waterbury evening Democrat., 1907-04-06
POLICY HOLDERS SAFE
No Definite Information in the
 Hoadley Case Yel.

Insurance company for southern New England. in speaking O. the alleged Hoadley offerings to-day, said that he shall not be able to give to the public any authentic information about the condition of the affairs at the local office for week, perhaps, and as to whether or not criminal ac- tion shall be taken against MT Hoad- ley he said he could not say for ten Or twelve days.
 l "Twenty-six years ago yesterday first came to Waterbury" said Mr Hastings, "and I have never lost my interest in the town. There was about three feet of snow on the ground. We are working hard on the books of the company but it will be impossible to give out any definite information regarding how they stand for week, perhaps. You see this office has a business of about two million dollars among two thousand policy holders. These holders were all in Waterbury at one time but now they are scattered all over the coun- try out west, down south, here and there, so you can imagine the scope this investigation will have to take. We may not have to inquire of those in the west about their policies, or of those in the south, but we can't tell yet anything about 1t.
 We do not care to give the in- formation out piecemeal, and prefer to give it out when we are ready and that will be as soon as ever we can."
 MT Hastings was in quite cheer ful mood to-day. He spoke as though the prospect Is frightening. or that | it was not so dark as he evidently at first thought it was, and MT Capen one of the experts from the home office in Boston who is looking over the books, looked great deal more cheerful also. Mir Hastings has no desire to delay enlightening the pub | lie, but he prefers to have the in- formation complete, so that the en- l tire situation may be seen at once MT Hastings admitted that he will have to shoulder the shortage. as- suming that such will be found to be the situation. but if it does not ex- ceed $20,000, MT H0adley, it is said, can make good to him for that sum- MT Hoadley has four Or five houses in process of erection in one of the fin- est localities in the city, near his home on Fiske street. It is estimat- ed that the land alone is worth al- most $2O,0O0.
 | If Mir Hoadley refused to surren- l der that property Mir Hastings would have to bring civil action, and such a step as that would in all prob- ability be preceded by criminal pro- cess, as in the case of the Watertown Savings bank and Burton H. Mat ton, who was its treasurer He is now in the state prison serving term for embedding the funds of the bank. All of his property was taken from him and sold to satisfy the judg- ments given against hlm to make good his shortage There Is not a stick owned by him now in the state of Connecticut.
 , A representative of the North 1 American Bonding company. of Montreal, Can. was in town the other day and had conference with the local counsel for the insurance com pany Colonel Burpee. In consequence of that visit guards have been placed about the Hoadley residence. Super numerary policemen Richard Leroy and Ludger D. Roberge The object of their presence is obvious: to pre- vent a possible attempted flight by Mir Hoadley. By flight he might es- cape criminal punishment. but not the consequences of civil action. No matter what the end may he the policy holders are fully protected.
 Many are wondering how c. F.. Hoadley managed to pull the wool over the eyes of so many smart peo- pie. but after all perhaps when the searching committee gets to the bot tom there may not be much to if. al- though some claim that the sum total involved is very large. Be that as it may, 1t is certain that Mir Hoad- ley is one of the most magnetic men that ever did business in Waterbury and anybody whom he approached for loan and who had the courage to refuse ought to get a medal, for Mir Hoadley was not in the habit of taking no for an answer. His per- sistency and persuasiveness were seen in various forms. but in no way did they shine to better advantage 1, than before the city boards where after repeated defeats he invariably talked men into looking at things from his standpoint. For years par ties interested In the Klondike prop erty on North Main street tried their hands with different administrations to get the city to accept the streets in that region. but all failed until Mir Hoadley appeared and smiled on the department of public works during the regime of the business adminis- tration. and although they winked al each other first and remarked in an aside that Hoadley thought they were easy. in the end they yielded and instructed the superintendent of streets to fix up the streets in the Klondike. This transferred re- sponsibility for their condition from George Lilley and half a dozen other interested parties to the city and was regarded as the biggest victory of the kind ever won by any of the real estate speculators. The game had been tried on the Kilduff and Barlow administrations. but they were on to it and refused to enthuse. The business administration was aware of the thing. too. and didn't intend to get caught. but they were drawn into it before they knew it. II, is o,,ffa 1fLair that r,aoro than ono