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Still In Progress

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Parent Issue
Day
13
Month
June
Year
1895
Copyright
Public Domain
OCR Text

The investigaron ot mo anairs oi uie Michigan Mutual Life Insurance Co., causea by the bringing of a suit by Josopii W. Dusenbury, one of the heavinst stockholders, several weeks ago, in whiuh he asked for an accounting and the removal of Paesident Looker, is now steadily progressing under the supervisión of State Insurance Commis;-ioaer Giddings. So far nothing startim- has developed. The indications ai'tTthat the affairs of the company will be found in a satisfactory condition, and that the legal diffioulty will resolve itaelf into a personal row between Uirector Dusenbury and President Lookr'Hoyt Post, J. H. Kaple and W. S. Oreen the coinmittee appointed. by the board of directors to investigate the charges made against President Looker by Mr Dusenbury, recently returned from a trip to Columbus, Ohio, where they went to look into tne conaiuou ui the loans made in that locality. "We found things in excellent shape, said Chairman Post today. "In f act, l doubt whether so large a number of loans have ever been more juoiciously made. We have also finished going ovor the assets of the company, and was found to be in splenaid wadition. No matter what may be the resultof the row betwoen President Lookerand Dusenbury, weare already satisfied that the company ltself will me out of this tangle with flying eolors. We will go to Toledo some time during the present week to look after the eompanv's loans in that section. and later on, some of os ül pay a visit to Omaha and Denver for the same purIose. The expert will not got through with the office books horebeforo .iuly 1. but we have no fear of the result. - Evening News. The Michigan Mutual Lire Insurance Company lias been maicing a mee m-■rease in new business this year over a corresponding period for 1894. I tte incroasc in the May business over the samo month last year is upwards of ílOO,000, a fact which goes to show tnat the company is not losinü' in populartty. The Indicator.

Article

Subjects
Old News
Ann Arbor Register