The Saint Paul globe., 1905-04-26
J.J.HILL WITHDRAWS
cannot Serve on Equitable In.
vestigating Committee

NEW YORK. April 25.-James T
dfIi' VINO was selected by the directors
of the Equitable Life Assurance So
clety as one of the committee to in
vestigate into its affairs, said today
that 1T was not true as reported that
ne had refused to act with this COM
mlttee because of any differences or
friction with any of it's members Mr..
Hill said that his own affairs took up
so much of his time that he had no
spare moments to devote to other mat
ters. The Equitable affair. he added,
- matter of great Importance. and
lie feit that he must decline to serve
on the committee unless he could par
'c4pate IN very thorough examina-
lioh or the Society'S affairs. He had
no uouDt he said. that the committee
heaoed oy Mr.. Frick will leave nothing
uhuone IN the examination. Mr. Hill
Salu ne felt some time ago that the
time might come when the policy
hOIaers of the Equitable could demand
thorough investigation. Mr.. Hill
sent the following letter to Mr.. Alex
ander:
/ beg to acknowledge the recent
OF your favor Of the eth instant with
houce OF my appointment as a member
or the special committee charged with
tne duty to investigate and reDort
upon the present management of the
society. When my name was pro-
| posed stated it would not be possible
Tor me to give the time necessary 10
get knowledge sufficient to make q
report which would satisfy myself and
De of any value to the society | now
peg 10 advise you that it will be quite
Impossible for me to give the time re-
CURED to serve on the committee. I
nave been policy holder in the Euuit-
able Life for over thirty years. and 7
say as policy holder that the time
mas come when the whole business of
lie insurance must be more carefully
| managed"
The letter was received April s. 1t
Is understood that Mr.. Hills resigna-
tlon was accepted by the investigating
committee, but there is no knowledge
as to whether any other name has
been agreed upon as his successor.
State Superintendent of Insurance
Hendricks, former Attorney General
Knox, counsel for the F'rick investigat-
ing committee, and Henry G. Frick.
chairman of the F'rick committee. were
In conference today 1t was under
stood after the sessions that the men
| In conference had agreed to combine in
the investigation. The Frick commit
| tee also held several meetings today
and number of witnesses were call
/ ed. Among the stories current in finan-
clal circles was one that Gen. Nelson A.
| Miles would be suggested by the New
england policy holders for the presi-
dency of the Equitable Little Gre
dence, however, is given to it.
ALBANY, n. Y, April 25.-Atty Gen.
Mayer tonight sent a letter to Senator
Bracket referring to the petition filed
recently by the latter on behalf of Mary
). Young of Saratoga asking the at
torhey generals consent under section
90 OF the insurance laws to the bring
Ing Of an action against certain direc-
| tors of the Equitable Ito recover funds
wasted by them, to remove such di-
rectors, to adjudge them disqualified to
mold office in any insurance company
and for general relief" In his letter
the attorney general says:
The responsibility for beginning an
ACTON in the name of the people of the
state is upon me. If you are unwilling
to wait until 1 finally determine the
course to be pursued know of no rea-
son TO prevent you, in the name of your
client. from bringing proceedings for
almost every purpose which you seek
to accomplish by your petition"