OCR Text |
Show I THE NEW YORK LIF. i Mrzteliirr Did Not H mil ilu Cent or Mint.-y. New YotiK, June JO, John Clad in is one of the irusa-es of the New York Life Insurance company w ho were on the committee that itn estignted thn charge made by O ishier Bank again st President iieers and liie iminaireiiicut of tho company. II.' said that ,luim Merzbiu her, tiia .Sp.im.-h-Auiericati agent of the company, had not taken a cent of the company's luoin y. i Sanchez, iV Mel v.baciier," he said, ' "were a I. nil doing an m.-iiranco Im-i- j ni'ss, Thr nigh their hands Inst year : SJ, 750. 1'liO iu p.reiuiuiiis pa ;.'ct; 'j'hey j were l espousi irlo to the fompaiiy fur 1 lie payment in tiie.s-t in cnuir.ns xvilhiu i the shortest praci it-able i;i;ie alter ll ey 1 rjftftved ilieni. Kvidfiuiy there yt'nuid ! in', at'iaiiiv ier soioe delay in eejict'wH'T tbeae prem'-miis. 'Jdie couiuuuy would j not have allowed the imictiteiiness if; Sanciiez A Merbaeher to become so : great as it was if they had not held am- j ile security in their coiMi'act vviih thej linn. .; " I hat contract is w ovth today more than tho amount of theconip.uiy's claim aj.iitist Saiiclie.: Ar Meivbaeher. and if Merbacher bail not lost any money b r hiiiiscif or for i,is old lii'in, .-.i d if Sanchez Aj Mer.bacber Wert) desiring to retire Irtun lui-dp. !... l.iday, ih- emii- plliiy Would, rteCU-tliilg to til.l es ' I 01 U 1 1 ';S of its experts, hit jiistilietl in pavin-; Sanchez oj .Mer:'tiaciier a iiiticti iaii.'i r Rinoiint for the e intrai t than the amount which the linn ow es tiie eoni-i eoni-i company." "It is, therefore, evident to p.o that the company cannot lo-u a dollar by lira trouble. Merbaclu-r dol not steal a cent of money belonging to the company." |