Garland Globe | 1906-03-17 | Page 2 | Investigation Bearing Fruit

IIESTICAIITH I BEAK FRUIT I Chief Officials of Mutual Re- H serve Life Insurance Com- par.y indicted. v Larceny and Forgery Are Charged' BIH and Five True Bills Are Returned by the Grand Jury Money Used RJI to 8ettle Actions Against Of- RJJI fleers of the Company. HH Now York. Indictments charging pifl grand larceny In the first degree and PJJI forgery In tho thlid degree by Fred- crick A. Durnham, president; Georgo HJJI D. Eldrldgo, first vice prcsldont, and RJI Georgo Durnham, Jr., second vlco RlJI president ot tho Mutual Reserve Life Jl Insuranco company, wero found by JJI tho grnnd Jury on Thursday. In nil flvo Indictments woro brought ngalnst RflJ each officer, two for grand larceny and thrco for forgery. Tho alleged Jl larceny nnd forgery wan brought JJfl about, according to tho Indictments, by payments of $9,000 of the com- jflH pony's money to law firms, tho up- pJ parent purpose of which Is alleged to pJ havo been to scttlo claims ngalnst tho company, while tho real object Is nl- fRLn leged to havo been to scttlo actions pjjfl which lmd been brought against of- fleers of tho company ns Individuals. Tho Indictments op which n chnrgo QBI of larceny Is based nllegcd that tho IJJfl officers embezzled two hums, ono of HRI' $7,600 and tho other or $1,500, on Or- RRI tobcr 24, 19Q1. Tho thrco officers ap- penred In tho court pf goneral session PJJJ where Judgo O'Sulllvan fixed their JJJ ball at $12,500 for cagh, and fixed upon next Thursday as tho tlmo for RJJJ pleading, jgifl