| Show SETTLEMENT Of MUTUAL LIfE SUITS New YOlk Marth Marili Chrle Cherle A ty ot or the Ute Lire Insurance e which he t tIled tied suits IrN Aggregating nEarly brought nt It former president predent Richard A M Cardy and others makes the following statement with noo to tl the lite settlement Pro to the lite adjust mont ment of pending n the 14 r company and certain of Its former arid others ha been and for tor several veral months montha ThAy were Pore referred by the It board or of trustee Rome Urns Ume an Il II a committee which caret fly lly e exam th the situation and nd decided that In the and conditions It be wise willi to settle the on the term deeded This Thill de of nt the w wits approved d by Joseph JI H hoate hoat th the special In iii the litigation and by Jm James counsel ot of the corn com PAny ny and wu wait dill duly reported to the I bo r And nd approved result or of th the I Ic that ill aU of the claim In by And nd against th the cum company any have haVI been n settled and released and nd tile th company has baa reo re cOlvil the HI In value of the um mum ot of ILIO It ft I is that which the Mutual has halO 1 Wa paid In cash h to the extent of The hal baI baInee Altos nee was wall by a claim the company for tor supplies do de to It to a trifle over The e acknowledged thu as a valid lId claim dalm and only held helel ui III its on of t claims th to whom It wan du Tin suit included against former President l urd hi son lIOn Robert tobert It H Lou Louis A ChArs II H who 00 with witt Mr d gunned Ute the rm of 01 barbs n Ii Co 0 metre N gt for the Mutual u ww wise ahrO t vie 1 dent denta the e CI 6 regime me t I A 0 sad nd Dr Walter H Gillette i and rut J L W the stationer wis for tor Ion long years ean supplied t h he rom company with and supplies Th Tb h of 01 th the on 00 wet we actions being brought rt Oliphant Jmes C nolden Chari E Miller filler and the Ut of Jacob k The suite were wen brought for the CO COr pry r of moneys an alleged to 10 have han been obtained Improperly by the defendant or improperly expended by them The largest of th the claims t all any one individual were weft those against rt Mr fr a Mc Curds from whom tile the Mutual ao sought bt to collect This In Included laded claim tot ad additional d I salary lary ot of a year paid to ti the president 1 lull 1 to with lb knowledge It Ii al ai le of only two to of the trute ot of the UI company 11 huste who h he v th the ilA 1 I t i i I I the ii uM t for ii the Truesdal committee tee upon who reports porta t teul these suit eul were begun This Thill committee was named b the tru trustees of tb the Mutual In October 1 uN following th the al 1 ot of the life 4 cOin pan IN b by th the Armstrong committee le whit Richard A wan still III dent nt of the Mutual utI It of 01 W v H president of Ih thc Western H B Morris president of the nut of Philadelphia and nd John W Fish lab then president of the wa was added to the committee later but bul he resigned in III I before belore the IJ tiling of tin Ih gnal all as did Mr r Morris Mori |
