The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-06-24
BIG new SCANDAL
IN The EQUITABLE
Rich Men Who Have Not Before
Been Named Are Prominent
in Affair.

New York, June 24.-Defnite state
ments are made by the Herald today
that Tin addition to the proceedings
which are expected to be inauguratede
by Attorney General Mayer and Dis
triet Attorney William Travis Jerome)
Paul Morton, chairman OF the Equitable
Life, with the full knowledge and ag-
RYAN, will by his own investigation OF
affairs delve deeper than either the.
Prick commission OR State Superlntend-
ent of Insurance Hendricks.
Most scandalous charges against GER
tain very rich men are limited at IN con-
uection with this development. They
have not heretofore figured prominent
". One of them, says the Herald, IS
currently reported to have accumulated
$s,O0O,O00 in few years, while another,
an appraiser, amassed more than Sl,'
100000 in two years.
While some of these matters We're only
indirectly connected with the society,s
affairs, It is intimated that various.
documents are being certified, while &C,
counts and occurrences will be used as
2 basis for affidavits in court proceed
lngs.
is found to have been obtained by
individuals, on syndicate operations, on
bonuses to secure loans and the IKE,
it is asserted actions will be begun 20
collect the amounts to which the society
was lawfully entitled had nothing been
diverted from it's treasury.
Dead Men on Salary List.
Concerning the men whose names
were to be in the salary list OF the
Equitable, tho no. longer In the service
Of the company, Chairman Paul Morton
today made public the following state
menT:
CDR. f. W. Lambert was the first
medical director of the Equitable So
ciety. He died July II, 1904, having
served for forty-fve, years as cher
medical director. His salary was
$4,000 a year, and it was continued
and paid to his widow up to and in
Guiding December, 1904, since which
time nothing has been paid.
cdr. Edward Curtis was elected
and was retired in February, 1904, on
account Of a stroke Of paralysis, but
with the understanding that the socie-
tv could avail itself Of his services as
consulting medical director. AS med
ical director he received a salary OF
$4,000 a year, which was continued
until Jan. l, 1905, at which time, ow-
ing to his inability to perform active
SERVICE, IL was IGuuCSu W PlopooO q
year. This sum is still being paid to
him.
Pension to First Clerk.
81. B. Loring, registrar, was the first
clerk employed by the Equitable in
1859. He served the society forty-fve
years in positions of trust, and for more
than twenty five years was chief Of the
society's security department. in charge
Of it's vaults. His salary was $500
per annum, and on April 3, 1903, he
left the service Of the society on &C
count Of illhealth and his salary was
continued as pension.
George Squire came with the so
clety in September, 1899: His salary
in 1904 was $4,000 During August
of that year he lost leg and tempo
rarily was ncapacitated for work. The
executive committee granted him si1
months leave of absence with pay
which expired on March l, 1905, since
which time he had been on the payroll
at 81 900 month, but by whose author
ity. I: have not yet been able to. fine
OUT