In 1850, when he became Commissioner, Mr. Wright sent to their agents for
a statement of their financial standing, and not receiving a reply
requested them to leave the State. Finding that the matter could not be
evaded, they at length forwarded two reports signed by two actuaries,
both Fellows of the Royal Society, which were not of a satisfactory
character, so that Mr. Wright insisted on his previous order. The agents
then applied for support to Prof. Benjamin Pierce, the distinguished
mathematician of Harvard University, and one of the most aggressively
pro-slavery men about Boston. He probably looked upon Elizur Wright as a
vulgar fanatic, and supposing that a Fellow of the Royal Society must
necessarily be an honorable man, came forward in support of Messrs.
Neisen and Woolhouse without sufficiently investigating the question at
issue; and the result was a controversy between Elizur Wright and himself
in which he was finally beaten off the field.
The statements of both Neisen and Woolhouse was proved to be fraudulent,
and the two English companies were expelled from the State.
Mr. Wright's insurance reports brought him such celebrity that all the
companies wished to have his name connected with them. His son, Walter C.
Wright, became actuary of the New England Life, and his daughter, Miss
Jane Wright, was made actuary of the Mutual Union Company.
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