Frank Preston Stearns, Cambridge Sketches

Not only did the Massachusetts insurance companies come under Mr. Wright's surveillance, but the New York Life, the Connecticut Mutual, and the Mutual Benefit of New Jersey, all large and powerful companies, were obliged to conform to his regulations, for their Boston offices were too lucrative to be surrendered. About this time Gladstone caused an overhauling of the English life-insurance companies, and a number which proved to be unsound were obliged to surrender their charters. Among these latter were two companies which held offices in Boston, and whose character had already been exposed by Elizur Wright.

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