Waterbury evening Democrat., 1907-04-04
HOADLEY'S AFFAIRS
Nothing Definite as 10 Amount
 oi Money MIssids.

T t
 The onicials representing the
 headquarters of the New England
 Mutual Life Insurance company of
 Boston, stated to-day that they are
 not yet ready to make any definite
 statement regarding the alleged pil-
 ferings of the local agent of the
 company, Charles E. Hoadley. The widest rumors are in circulation re-
 garding the matter, Some say that
 MT Hoadley speculated most extrava-
 gantly in mining properties in the
 west and that he was oficially con-
 nected with two or three mining com
 panies, and that 1t was in such en- terprises he lost his money. That
 he was victim of the get rich quick
 mania Is evident to all who have had any business relations with him. His alleged peculations, according
 10 common report amount to between
 $15,000 and $65.000, but 1t. Is most
 likely that the latter figures are en-
 tirely extravagant. Some say that
 the local business of the company was
 not large enough to bear offerings of that amount
 Men who have policies in the New England Mutual say that his discrep- ancies will amount to $100,00O. His Income from business of the company Is said to be about $1b,OO0 a year, though 1t is very probable it did not amount to that. His counsel is At torney U. G. Church but he will admit nothing only that MT Hoadley's busi- ness affairs are considerably confused. but not to the extent that they can not be adjusted in very short time. His inability to leave his home, owing to an accident in his ofiice few weeks ago gives people opportunity to paint the matter as black as pos- sible.
 At the office of the company it was stated that he is a great deal better than he was yesterday
 MT Hoadley was president of the Annuity Mining and Milling company property located in Boulder, Col. and he disposed of considerable stock or this concern at twenty cents . share, It is said. though 1t, was listed at $l a share. It is evident to those who have known him for some years that he was considerably interested in western speculation particularly Tn mining property. He was also in- terested in the Golden Age at Sugar Loaf mountain, Col. and he is credited with owning good deal of property at Tampa, Fla.
 MT Hoadley's system of working seems to have been to cash whatever checks he would receive as premiums on insurance policies and draw up notes for the amount. He then trusted to hope and good luck, the will-o-the-wisp of all like him. to De able to make good some time. His faith in his western ventures was as strong as human faith could well be. and he lived on from day to day and month to month but never realizing his dreams of welth.
 Judge R. A. Lowe, Congressman George l.. Lilley. Thomas A. Jack son and Thomas Donaldson, the su- perintendent of the Southmayd home ,n North Main street are among those vho were notified that their notes 5s'SA AA Puy iOI Luc DTeIulunlS ,n their policies were long overdue. They were surprised at receiving uch information for they invariably 'aid in cash or by check. Mir Lilley 'arries policy for $50,00O in the company and Judge LOwes Is said to 'e for $45,00O.
 These are only few of the num- 'er who received similar nofif3cation
 MT Donaldson is said to have loan- d MT Hoadley some $7,O0O.
 At the once Of the company 10 Gas stated that no steps toward . riminal prosecution had been taken, or did they know that such a step 'ould result from the investigation. hey expect to be able to make . ennite statement of the actual con. ition of affairs in few days.