Show INSURANCE OFFICERS OF ER I FACE U S. S CHARGE CHICAGO June 17 P C I harge o of of fraud and mismanagement in i the te af cf i j fairs of Fire Insurance Company of ot S i Chicago and Its it far flung fug sU subsidiaries were made today toay in a. a report by F pe- pe peera Federal Fed Fed- era eral Master Matr in I Chancery Jacob wo I r. r Grossman Grosman H i On One allegation In the report W wa as u that on November 17 1929 th the nar Par eat ent company had more than l 2000 pr r In cash later reduced l to 20 b be- be because cause of the mismanagement of at t its it w it j officials Suit asking appointment aking appo of ot a re xe celver for the fire insurance company re was wa filed fed several months month ago company lz in the I te United Unite States district court court Federal Judge James H. H Wilkerson referred the case Cae to Master Mater GrO Grossman man Defendant companies were the Fire te 1 Insurance company the Insurance Flo In In vestment corporation Massey Maey Wilson Wilon former attorney general of Alabama and president of the parent concern concern- t B. B Frank Bushman O. O F F. F concer Looker Alex Green the Agricultural Life Insurance In In- j company of America Ameria the the Federal Reserve Life Lie Insurance con com cm te pany of Kansas Kaa the Iowa National Fire Insurance company and the 3 Farmers' Farmers National Life Lie Insurance t company of America t Complainant in the case was Gilbert Nather of Philadelphia head of i a committee of minority stockholders i J in in the company Master Grossman's Grosman's report held that J tat the charges charge of mismanagement had been proved by the complainant ad ts 1 |