Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1872-04-08

The Hon. Julius L. Clarke, insurance commits.
soner Of the commonwealth of Massachusetts,
having associated with himself the following
eminent business and professional men, who are
in no manner connected with, or interested in,
the management of the Equitable Life Assurance
Society OF New York. to investigate its affairs
viz: Henry f. Spaulding, OF Spauldng, Hunt &
Co., so Worth street, New York; Gustav
Schwab, of Oelrichs & Co., 2 Bowling Green,
New York; George b Upton, Boston, Massa-
chusetts; VIM. II. Fogg, Of VIM. II. Fogg & Co.,
81 BurliDg Slip, New York; FelicianO Latasa,
Of Latasa & Co., 178 Pearl street, New York;
Eugene Kelly, of Eugene Kelly & Co.. 81
Nassau street, New York; David Bows, Of David
Dows & Co.. 30 South street, New York; Morris
X. Jessup, Of NJ. X. Jessup & Co., 50 Liberty
street, New York; Junius B. Wheeler, professor
of civil and military engineering and science Of
war, United States military academy, West
Point; Theodore w. Dwight, LID, professor
of municipal law Columbia college, New York,
this committee have made the following
NEW YORK., March 30, 1872.
In the month OF January 1871, the Equitable life
assurance society of the United States, were in
formed by the superintendent of the insurance de-
partment of New York, that LaIoy 5. Cove, who
had insured his life In said society, about one year
previous, for the sum of $780, had presented cer-
tain grave charges against the directors and man
agement of said society.
Whereupon the president of the society addressed
M JANUARY G, 1871
lion. GRO. w. MILLER, Superintendent Of the
i@s9rdhce Department QfMe State Of Neic York.
uEAH SIR; The counsel of this society has
limited TO me copy of charges with specifications
! sworn 10 by policy holder. As some Of these
Snarges and specifications have not the slightest
louhnaton IN truth, and in other eases are grossly
HAneRefated, and the truth perverted and AS ftIy
| DeleNe each charge admits Of the fullest and most
complete explanation, have felt IL NV duty IN al
| uites 10 you this communication
| CONSCIOUS that the affairs OF this aooiat, i,.,.
Deeu conducted by the officers with higb in{e@rit,
" purpose ana WIN view 70 the best ntproifs ~
the policy holders, and having NOTHING ~ eonc,oi
~ 70 the condition Of the society or fhe manner ia
winch It's affairs are conducted. woud resnoctfri
ly request that in the exercise of that oi,hnritr,
your position superintendent Of the insurance a..
partment, YOU would institute such inyesiigation
Into the condition, affairs and transactions Of tbe
society as you IN your discretion NAV consider that
| the presentation Of these charges demands
Feeling aggrieyed that charges 80 unfounded
should b. preferred jealous Of the honor of the so
cieiy and that OF Us officers and directors would
respectfully solicit that with little delay as posi-
bic, you would give your attention 10 the subject
II am, very respectfully, your obt servant
| "lSigned) WILLIAM G. ALEXANDER.
President"
The superintendent subsequently replied thar hl
would commence an examination of tue COMPANY
at as early period bis oihcal duties would per
NIT.
Before an examination had been made by the sale
superintendent person, protesting 10 be the repre-
sentative Of newspaper in this city, called upon
!he pmeers OF the society and Informed them that
w" newspaper had In its possession, for publi;a