Show I WILL LOSE Cst C-st of the New York Life Insurance In-surance Company New York Jtlne 30 Referring to I pub shed statement that by reason ot the decision of the supreme court of Wash ington declaring void certain warrants amounting to flGOOCOO of the city of Ta cOmma Ih that state the New York Life Insurance company Would lose moco A representative of that company said We are advised by experienced counsel I that We shall lose nothing in any caso We cannot lose J500000 because about I 150000 of the loan for that sum on the I p warrants In question has been paid The bank which guaranteed the loan to us I has suspended pending a final decision In i the matter by the United States supreme court to which the case will be appealed ap-pealed I There was no fraud In the matter by the Tacoma city treasurer The warrants In question Were not reIssued after they bad once beeh paid Certain loans were tenewed and new warrants or bonds were Issued therefdr The city has Had the Un liiiuHlatlhfc benefit df the money and It will we think eventually have to pay the warrants Irr question The New York Life Insurance company has the bank referred re-ferred to between It and the city and we do not thinkwe shall lose a penny |