Mutual Reserve Probe Report Sparks Insolvency Fear
Otto Kelsey state superintendent filed a final report on Mutual Reserve Life Insurance with Attorney General Jackson in Albany. Early word suggests serious asset impairment. the legal action potential hinges on the AG’s review. Directors voted to charge liens against policyholders, while others warn insolvency without changes.
MENTIONED IN THIS ARTICLE
Otto Kelsey
Insurnce
Mutual Reserve Life Insurance Company
Albany
Jackson
Kelsey
New York City
Mutual Reserve
The
Tribune
Ward
Circuit Court
Haynes
William Hepburn Russell
Insurance Department
Insurance verdict echoed in defense of firm in court
A speaker asserted that the reserve insurance company has been treated unjustly and that the actions taken against it are not justified by state insurance laws. He reiterated his faith in the company and his belief that it will overcome its current difficulties.
MENTIONED IN THIS ARTICLE
Reserve Insurance Company
Eviction sweep on Sunnyside Hill amid railroad yard plans
More than a dozen families were evicted from Sunnyside Hill Long Island City as wreckers aided by the Sheriff and police demolished houses on Hunneywell Street. The land is needed for a Pennsylvania Railroad terminal yard under construction, following two years of displacement as Sunnyside reshapes for the project.
MENTIONED IN THIS ARTICLE
Sunnyside Hill
Long Island City
Hunneywell Street
Pennsylvania Railroad
Sunnyside
Guard Upends Brooklyn Bridge Platform Crowd
At the Brooklyn end of the bridge nearly 300 riders waited for a Manhattan-bound BRT train when guards yelled all aboard then halted the doors. Five women and a man toppled to the platform as the train moved, clothes dirtied, and complaints flew at the BRT. a reported public complaint loomed.
MENTIONED IN THIS ARTICLE
Brooklyn
Manhattan
Brooklyn Rapid Transit Company
Public Service Commission
Antiques Sale Sets Exhibition at Fifth Avenue Galleries
An exhibition of about a thousand pieces opens tomorrow for two days at the Fifth Avenue Art Galleries. Items come from the estate of the late Obadiah S Sopher and from Miss Agnes Campbell and Mrs Eliza Cruikshank. The sale emphasizes antique furniture textiles porcelains with notable French Flemish and Italian tapestries and fine decorative pieces offering good opportunities for collectors.
MENTIONED IN THIS ARTICLE
Fifth Avenue
Obadiah S Sopher
Antiquary
Agnes Campbell
Eliza Cruikshank
Big Trader Leaves Cotton Exchange
Barton S. Castles, a leading Cotton Exchange trader since 188, sold his seat and plans retirement. He was known for large profits on both sides of the market and once drew attention as a juror who had market quotes brought to him in the jury box.
MENTIONED IN THIS ARTICLE
Barton S. Castles
Cotton Exchange
Mr Castles
Exchange
Sully
Baltic Pool Assailed in Interstate Commerce Case
Washington Dec 21 A brief seeking dismissal of the demurrer in the Cosmopolitan Shipping Company’s complaint against the Baltic pool lines was filed with the Interstate Commerce Commission. The suit names Hamburg American Line North German Lloyd Scandinavian American and Wilson Line alleging monopoly restraint of trade rebates and discrimination in through ocean rail through traffic from interior U S cities to European ports.
MENTIONED IN THIS ARTICLE
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Setamshiy
Interstate Commerce Commission
Cosmopolitan Shipping Company
Philadelphia
Ward W. Pierson
Peter Wright & Sons
Hamburg-American Line
North German
Lloyd
Wilson Line
United States
Europe
Cosmopolitan Line
Baltic Pool
Copenhagen
Rotterdam
Chicago
St. Louis
Kansas City
Omaha
Minneapolis
Cleveland
Emil L. Boas
Spooner
Lloyd Line
Joseph H. Cheate
Prudential to pay out 1.7 million in stockholder profits
Prudential Insurance Company directors in Newark decided to distribute 1.7 million among stockholders and policyholders. Of this, 200,000 goes as dividends to stockholders at 19 percent of capital stock, with the remainder shared among policyholders by premiums paid. President Dryden says the distribution is voluntary, not mandated by new laws.
MENTIONED IN THIS ARTICLE
Prudential Insurance Company
Newark
Dryden
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Denakd-Wigeine Co
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Neftel
144
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Cortande Trigiaas
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