The evening world., 1910-12-27
H0w Robin Worked 1t, Told
By Superintendent Hotchkiss

Superintendent OF Insurance IIo;ch-
kiss, after n conference with District
Attorney whitman to-day, issued the
following statement:
An examination of the Aetna Inden-
nifty Company OF Hartford by the New
York and Connecticut Insurance De-
partments was begun on December To-
Il is still incomplete. hut has so far
progressed as to warrant the 81 tement
CT the following facts:
Joseph q. Robin was In March last
the controlling stakeholder % the Aetna
Indemnity Company and, apparently, or
the Northern Bank of New YORK;
located at No. 215 West one Hundred
and Twenty-nfth street, the latter with
several branches, among them the XIV
erslde Bank al Eth avenue and Fiji
ty-sevcnth street. lie atso largely con-
trolled the Bankers Realty n Secur-
ity Company. a realty corporation heay-
fly Interested in Bronx lands; the fldeI-
ity Development Company the owner
Of the old Morris Park race track, ana
the south Shore Traction Company ana
the Babylon Railroad Company, Two
Long Island tract'"n corporations. lie
and his associates seem, from the cVl-
dence, to be also In control of the Al
lantic National BacN OF iFoNiue'ee'
II. ].
The Robin corporations, other than
the banks and the insurance company
all Office together on the eighth moor
of the Times Building and seem to
have the same employees. save as 10
the Northern Bank, In which he Is
chairman of the finance ommitte
Robin appears not to he AZ officer oil
any OF these institutions. his control o.
influence being exercised through one
or more confidential representatives.
Such controi seems, however, to be ao'
salute. and his conception OF most oil
these CORPORATIONS Is that they m theii
assets are practically his property sun
ject to upe as he may pee NJ
One of the chlef assets of The Aetna
Indemnity Company Ga Connecticut cor
poratlon II no way related to the Aeth'
Life Insurance Company, whose prlHcl
nal Office Is ~ No. GS william street
ana which conducts a surety, fidelity
plate glass aud burglary irsurnn'c bust
ncss. as well rs an accident and healll
business Of limited ..ten', was, accord
ing TO the statement Of December p
1901. Loo shares, or the entire Issue, o
/, the corporate stock or the Title AM
: Guaranty Company az Rochester. TIL
: latter is a New York insurance corpora
/, ton. authorized to 10 n FIDELITY n
tltle guaranty business. This corpora
tlon had, however, been dormant 10
some time, certain litigation matter
, preventing It's dissolution. \ lease OF Il
title plant to a ltoches,er austria CON
many produced an income which, :
addition to Its other assets save III
. s%tockholdinR "a value of slG9,bo, out
: the total assets OF the Aetna Compan
i OF approximately 100000.
Otto n. Kelsey Made President.
Colncident with an Increase In III
l. capital stock OF the Aetna Iudemnlt
e last spring, Robin seems to have opene
- negotiations for the purchase from i,
II IFS ownership of tho Rochester conpan
g About the same time both compani,
e elected new officers, former Supcril
ID tendent Kelsey becoming president
\ both. and Anthony Siumpf and VILLA.
v. Lomax, two representatives OF Rohl
le becoming respcctivc,N vice-presldont al
II secretary. The election II these re
~ tlcmen seerIs to have been on Mar
y 2S. 1910.
:, At the same time a resolution vi
u passed directing the removal OF the o
~ nce, records and assets OF tho Itochest
n" Company to New York, AMI on Mare
30 or ~ Charles w. Day. the company
treasurer, brought them to the Office
IA the Aetna Indemnity Company. ~
lie later delivered them to stumpf IN Ro
" ms office. Thereafter things happene
re ' the connected story OF which seem