The sun., 1910-06-12
GRAND JURY TO INVESTIGATE
tFFuRN or DUTCHESS FIRE
INSI RANCE COMPANY.
tharEss ~ ulsmahRgem-u; 0S the tom.
ram and It's Predecessor. the Dutehess
Insurance COMPANY The Onicer, re-
rehed Enforcement 8f Directors.

in the possession Of the state Insurance.
Department covering alleged instances
~ miSmaua cement of the Dutchers fir,
u,urauC, company and liz predecessor
The Dutuhrss Insurance COMPANY have
hsau placed m the hands u District A.
torru,y Mack to be- presented tn tho GranC
jury now m scs-tor Mr. Mack -ald to,
night that hs had r,,siNed the papers from
Superintendent Hotrhhl,s to-day
Are the 'hargr- mad" orly those men
ton, u the Nuperintrndent's reports
M MAJ, was asked
Their. are additional charges be- ~
piled but I am not az hhe rtv to stat'
what they are The state department u
not represented IN the matter. The
pap hsy. simply hspn turned over Q,
mo 'u rrpsrut 20 the Grand Jury can
not make any further statement except
that the only persons involved arc thos,
charged with th" active administration
OF the AFFAIR." of the companies
II has heeu hunted before that the
AFFAIRS of the DutChess Fire Insurance
COMPANY would finally h. made a subject
of Grand Jury investigation. but on ac-
count IF the prominence of the officers ut
The company and their tng Iestioned per-
scnai rroIity. besides which they have
rectived tho unqualified Endorsement of
the directors and .toCkhold-rs thes" sur
mises were dismissed ~ improbable, 80
the news that such O. step has actually
been tlken n complete surpT' ,e
The aineudad report uf State Spperu-
tsrdcnt Hotchkiss on th" examination
1T the Dutche-s Hre Insurance Company
was received herr to-day. Il contains the
conclusions 81 th' examiners. Leon =.
senior and Iobu T. Train which ara
adopted hy Mr. Hutchkl,s, with IN. added
conc sion.
The executive Management ~ This
tOmranv ~ represented hy its president
deserves criticism for the manner IA
which It has carried out the REINSURANCE
Contrs'J with tha Old company. for the
misrepIU sntaticus 10 has made to the
supervising departments II tins and other
states a. 10 the liabilities II the corpora
ton and for IN. questionable methods
adopted ~ reduce its agents hslancas
in the nu'-tnrlv and annual statsmruts
70 the department w. our Judgment n T.
essential that 'he director ~ this com
pany take prompt and decisive action 10
carry cut ths recommendation - ths
department submitted m m" momoran-
d,m e. April p
The State department repoT' 800 M"
Dutchess fit' Insurance junpsUy =
affair. rscitss that op August Il las
ro.,l,,,,.,, 50. .i,.,.,.,, -, -, a..
rso'u'''', Nas '"vl vl''i '' ''' .'''''' '''
puhihe-S ~ 'N' '''''I'N- H.-"' Al'''
tCmp6 upUu Na-I- % = Tei cent m
from the urp -afa unearnat premium
and that the 'rai obtaining the apuy.
npgolttop VAS uft Buf f.ufu fI. uIuuf.
book the minutes rewritten uau,.y bpu,
and the resolution a|k.r,.d tp ay'h1r..,
The prnsii or ~ the prtrhe,, IN. 'r-
suranct Jowua1y t1 rrin-ttra the business
II the u.frns-z Insurarp. J,mIauy
or such mari. thereof a. N, deemed h..t
AZ the rrp rata luaarnai uTt.r- Iun .r less
The object rf thts art Nr Hutcnkiss
holds wl- tD urslpad tine examiner for
the state Dpuprfrr.ut -bas NOT fp show a
liabil.ts for commissions un .nn raru-
surancs contract due from the new to the
Old COMPANY Il 4. assumed that there
Is Ss1 s3s due OH tho reinsurance con.
traci which IA. D,rtchez- Fire Insurance
COMPANY has never earned a. a liability
IN the stateuents rendered to the De-
martin, IL from p,,o.miar 80 laS. 10 D,-
seulher 81. laa mat "a commission wa.
rontemplatsd is evidenced by the wording
n the resolution in wther form and iv
he faCf that tho new unrrpanv hH. since
naid se3 ON a. ,arIUu. date. tho first
pavmsnt having b.su mads ~ December