Salt Lake Herald | 1893-01-10 | Page 2 | No Defalcation

NO DEFALCATION Tho German Branch of the New York Lie Insurance Company All Right NEW YORK Jan 9Regarding the reported re-ported embezzlement of 250000 reported from John A McCall Brussels McCal president of the New York Life Insurance company says I there has been any defalcation in the companys branch in Brussels I I would certainly have heard of it and 11 have heard of none Mr Guders manager man-ager in Brussels is a banker and millionaire million-aire and i there has been a defalcation it must have been by employees in his own bank Our Brussels ranch is a sub office of the Paris branch and does an insignificant in-significant business Tne entire years business would not amount to 225000