The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1872-02-29
Feb. IS, 1872.
The Equitable Life Insurance Company
New York,
MANCHESTER, Feb. "A, 1872.

MANCHESTER, Feb, "a, 1872.
M. Editor:
The absurd and malicious charges made
against President Grant and his admins
tration by the great senator, Mr.. Carl
Shurz great in his own cstimation), find
a parallel IN the attack of an obscure wli-
| ter in one OF the New York Sunday pa
pers, upon that most prosperous and well
managed institution, the Equitable Life
Insurance Company Of New York.
AT home, where the directors and man
ayers OF the company are well known as
among the most substantial and reliable
men Of New York, such charges and IN
situations will have little or no effect;
but as the business of the company ex-
tends into every state in the Union, the
directors have thought il advisable to is
sne full statement of the affairs of the
company, and have called upon the Hon.
GeorgeW. Miller, general superintendent
of insurance, to make an immediate and
thorough investigation into the affairs Of
the company and its management. In
his reply TO the committee, Mr.. Superin-
tendent Miller says:
Insurance Department,
Albany, February 18th, 1872.
To Robert Lenox Kennedy, Daniel D.
Lord, John J. Donaldson, Peter Me
Martin, Henry A. iIurlbut, Geo d.
Morgan and Robert Bliss,
Gentlcmen--Your favor of the 9th inst.
requesting me at once TO institute an ill-
yesIigation into he charges preferred
against tn" Equitable Life Assurance So-
ciet,, il compliance with request Of the
President was duly received Believing
that all iiirmindcd persons will withhold
their Judgment until fully acquainted
with the facts, and that tic flourishiug
condition Of your society will nol be AZ
eetcd by the mere circumstance that
fchargcs have been made and published,
aud assuring yon that ! shall fix the earli-
est possible day for the commencement Of
the investigation, ! am,
Very respectfully yours,
GEo. w MILLER, SUPP.
The statement OF the company shows:
Assets, $4,000, 900
Income, 100000
Surplus, 800 600
The magnificent granite building 10
Broadway, owned BY the company, cost.
including the land upon which IL stand.,
=, 5o3, z33.20; for the rental ofotiiccs not
needed Tor the use Of the company, au in-
come Of sl28 800 per annum is received 4
leaving the offices Of The company rent
free. Among It's directors, numbering
ifiy-two III All, MAY be found such wen
known men a. W. c. Alexander, presi-
lent; Henry - HYDE, yicc-president
SEQ. T Adee, john Auchincioss, George
,. Morgan, Peter McMartin, Henry V.
Butler Tbos. A. Cummins, Dudley
! Gregory, james 81 llaIsted, Moses A
ioppock, Robert Leuo1 Kennedy (Pres
dent Bank Of Commerce, n. -; Daniel
?. Lord, Henry G Marqnand, J hn
'lade, Henry :. Tcrbcli, Benjamin viii
hanson Henry Young, james Low
has. J. Martin (pres Home Ins. Co., y
! +; John J. Donaldson, Robert Bliss,
lenry A. lIuribut, james NJ Bcbee 81
iostoh, Thomas A Biddle, Philadelphia
All oflbc above named director. are
nown personally Or by reputation 70 the
rriter of this letter, tbs object Of which
70 give your readers who may be inter
sted ID the Equitable" an opportunity
. Judge Of the safety and reliability Of
ac company aud IL managers.
FRAxELTs H. ORyts.