The evening world., 1905-10-02
GRAND JURY
FOR SCANDALS
OF INSURANCE
Jerome Tells Court He Will
Decide by Thursday if
One Is Needed.

District Attorney Jerome announced In
rs Criminal Branch Of the Supreme
Court to-day that by Thursday he would
30 In a position to decide whether or
not a special Grand Jury would be
necessary to take up the cases OF the
Equitable and other life insurance COM
panies which have been under investiga-
ton by the Armstrong Legislative In
vestigating Committee.
When Justice Davy reopened court
this morning Mr.. Jerome appeared be-
fore him and said
May Need a Grand Jury.
AT this time | am not in a position
TO state what action will oe necessary
In connection with the revelations made
by the insurance invest igating commit
tae. At any request the June term OF
this court has been extended through
out the SIMMER months. l now ask
that the June term be further extended
until Thursday next, when | viii be
ready to state whether or not a special
grand jury will be necessary to deal
with this insurance matter,
Il ask that the court SIT Tuesday and
Wednesday In order to clear up the
cases whiph have accumulated during
the summer. The trial OF Armitage
Matthews has been set for Thursday,
and may take up the balance VI the
term"
Justice Dayy granted the Distric,-At.
torney's request,
Suit 20 Gust Morton.
An amended complaint was served to-
day upOn Alexander & Green, attorneys
tor the Equitable Life Assurance So.
Ciety, by Lawyer A. Edward Woodruff,
representing a ldrge amaJtr Of ppnCy
holders In Ihe Equitable, By the terms
OF which 1t Is sought to nudity All the
acts Of President raul Morton and the
trustees since the acquisition OF j. nazen
Hyde's interests by Thomas r. Ryan.
Mr. Woodruff action, as II now
stands, Is fortified, according to the
amendment Of the complaint, by an eN-
ccrpt from the minutes Of the charter
meeting Of the Equitable Society, in
W lllAll ~ was lNe'tN'h AAlAA al IA'AlAb
arising from the bus lness Of the COM
pany are to 20 10 the credit Of the as
sured, thus making the association pure
ly mutual.
The attack upon the legal status Of
Grover Cleveland. Morgan j. O'Brien
and George Westinglouge, trustees, and
Paul Morton, president, is upon the
ground that James Hazen Hyde had NJ
right u and will not acquire the ~
salres Of stock transferred 10 Ryan
until his thlrtieth birthday, which will
be in June next,
II is alleged that no good title could
~ passed under the circumstances, nnl
that. therefore, all acts o. those who
tave transacted business under the
premises are illegal.
LAWYER Woodruff said to-day he
would press the matter 70 an carly de-
cisiCn, and. II necessary, would eAjoin
the present trustees and officers.
Demands MccalI's Resignation.
c. II. Venner. A banker Of No. q Wall
street. has requested Attorney General
MAYER to begin proceedings for IN" ro-
moyal Ui President Mccall ana Vice
President Perkins, Of the New York
Life Insurance Company Mr. Nunnor
wrote 90 the trustees Of the company
som time aco telling them what be
was about 10 do. end receiving no an
swpr wrote them again to-day request
gg their cooperation. In his Letter he
calls attention to Mr. McCalrs admis.
sAons abou, campaign contributions and
saws that tho present controversy viii
continue, 10 the great detrimen. Of the
company. lust as long Ps Mr.. Mccall
remains II Office. As an argument 10
the trustees 10 help him Mr.. Venner
savs In conclusion:
That both must resign IS Inevitable
the sooner the better"