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Life Association Leaders Repaid 50000 Bonus in 1904
Testimony shows Henry B Townsley and Eugene Van Schaick used company funds and stock as collateral for loans from Gansevoort Bank and Citizens Trust. They later repaid a 50000 bonus to themselves under state orders while the Life Association reorganized from 1900 to 1904.
MENTIONED IN THIS ARTICLE
Henry B. Townsley
Life Association of America
Charles Hughes
Insurance Investigating Committee
Townsley
Eugene van Schaick
Gansevoort Bank
Life Association
van Schaick
State Insurance Department
North American Trust Company
Messrs. van Schaick and
Hughes
Citizens Trust Company
Paterson
N. J
Savings Department
Trust Company
Savings Bank
Wilson D. Bryce
van Schatck
New York Sanitary Street
George C. Capron
New York Collectors’ Company
Colorado Midland Railway
Bryce
Georgia
Adele McAllister
Monmouth Beach
Provident Life’s Realty
Deals
Mr. Hughes
Provident Savings Life Association
William T. Gilbert
Savannah
Provident Savings
Englewood
Provident
Mamaroneck
Burlington
West Twenty-seventh Street
Earlington
Alice Gill
Bite Geer
Broadway
Scott