New-York tribune., 1909-01-08
ASKS FOR EXAMINER
Pittsburg Life and Trust Head 4p-
0caLs TO GOrern0r Hughes.
TBy Telegraph to The Tribune

T slbanz- Ian --Goyernor Hughes received to-day
b telegram from " {. Baldwin. Of Pittsourg' pres
.dent Of the Pittsburg Life and Trust Coinpans'
which recently absorbed me Washington Life IN
xuranoe Company. appealing TO him 20 send a spe-
xaai examiner 10 learn the facts regarding the re
insurance OF the latter coTnpanys rlsks Illal ~ '
.poIcyholders might feel no alarm Inc GoHei"04
turned the message over to Superintendent Kelsey
y-ao .n t,rn transferred 1t 10 Attorney General
sDAfalley who has fun charge now Of the "asnl1e
fon Life affair. Superintendent Kelsey VIII MOI
send special examiner 20 Pittsburg-
Mr. Baldwin's telegram follows;
II appears that on account Of having perS9natIy son ny
% Cvocated proper laws for the regulating Oh ns IE rs
s,1raace companies influence from certain s9]nsT+s ]
IS being brought 70 hear 70 5, an ofnciaI This
acticn n5uring those lnstiIutlonsi %Ier 81
Ezoir st6te = IN s =, 3i,a interests OF the pol
time t5st acuot IooAii-s r. I5t+sbTrg Life and
rrnsf Co,lnag courts to the fullest Investigation
Of al transactions and as 70 It's icI ai1er "a
come FttsbuTg and learn tie taIs IN ,-tTr- ~
the Washington Life Insurance ConpalTy oy y 'Ite its
Ilttsbrg I-iff and ITlSt t "a ssre YOU that the
lrolicyhoIders both companies nave greater
Fet1 i .h capai stoc of the Pittsburg Life and
Trust COMPANY being slo109, fully paid IN cash
ATTORNEY General o'Aia!ley started for New York
.o-day after confer-ing with Superintendent Kelsey
! -, certain details regarding the Washington Life
3 Insurance Company dispute II is understood tha'
Mr. o'Mafey took with him TO New York the re-
| rort OF the recent examination into the CONDITION
s.f +he Washington Life The contents or tne re-
port win not be disclosed until after the Attorney
General has passed IL
I The hearing before Justice Eranger. IN the su-
hy7rerne Court on tie order 10 show cause why
ternnorary receiver should be appointed Tor tte
I assets Of the Washington Life Insurance Company
/ now in the possession Of tie Ptttsburg iAfe ana
Trust Company. vas again adjourned yesterday
until to-day William Hepburn Russell who Oh
+ained the order consented 70 the postponeinet on
tie request of ex-Judge Edward ". Hatch, couhsel
/ for the Pittsburg Life and Trust interests VINO
had only just returned from Albany. 1t was agreed
that IN the time the affairs OF the Two COM
.sanies should remain IN statu QUO.
. MI Hatch explained yesterday that the Pittsoufg g
coppany had been trying TO get Superintendent
: kelsey 10 agree 10 the appointment Of a trustee
4or the Washington Life assets until such time as
! the Pfttsburg company obtained permission TO 90
business in this state This would take about
three weeks he said. unless the Insurance Depart
rnent consented tc send examiners 10 pennsylvania
&c make the necessary stgation, something II
had SO far declined TO do. The Pittsburg company.
he declared was willing give the assets into the
lseerfng OF a trustee chosen by Nj Kelsey These
assets Il had been obliged. he said 20 transfer 10
Pennsylvania sef-6efence. 20 Offset in its an
nsial report TO the Pennsylvania Insurance Depart
rnent the liability il had incurred in reinsuring all
I the Washington Life risks.