Show CABOT IOSE LOSE I 1 bats whit jihn john claelia saji sall about I 1 ibo he lew saw lorl lork lit lire newyork NEW YORK june 24 john cl flin Is oneff the trustees truet eee of 0 thenea Y ark life insurance company who were on ibe the committee that investigated the charge made by the cashier of the bank against president beers beere and the management of the company corn piny lie said that julio Al embacher the spanish american agent of the company had bad not taken a cent of the companas comp anys money sanchez he be said were a firm doing an insurance business through their bands hands leet laet yr year in premiums passed they hey were responsible to the company for the payment of these premiums with in the shortest practicable time after they received them evidently there would invariably be some delay in collecting thebe premiums the company would not have allowed the indebtedness indebted geee of sanchez to become so great as it was if it they bad had not held ample security in their contract with the firm that contract is worth today to day more than the amount of the corn claim against sanchez A MeTz bacher and if Men bacher had dot riot lost any money tor for himself or for his old firm and if sanchez hembacher were desiring de airing to retire from business to aty diy the company would according to the estima tee be justified in paying sanchez a much larger amount for the contract than the amount which the firm owes the company it ie is therefore evident to me that the company connot lose a dollar by thie this trouble IM embacher did not steal a cent of money belonging to the corn company ra DY |