The Birmingham age-herald., 1905-06-20
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 HuaIaHHe I5a. z-U1a#a society, I want to know the exact conuItion of the society before June 10, 1905 the date of my election as chairman. With that end in view. you will please make jointly an examination of the accounts of the society. You will have access to all books papers and records. "I desire that your report should be as complete and exhaustive as possible. Particular attention should be paid to as- certaining the facts upon these subjects;
 Enumerates the Subjects.
 '1. The society's annuai expenses, in cluding legal expenses, advertising ex- penses. agency expenses and cost of se- l curing business
 "2. The real estate investments of the company including in the case of each particular parcel the value at which it is carried upon the books of the company. the income which it yields, and the par valuation of the property, whether above or below the value at which 1t is carried upon the bokos of the society. Of neces- essary, real estate experts may be em- ployed in ascertaining the value and the income of the real estate, subject oi course, to my approval as to men and terms.)
 ''3 The other investments of the SO ciety, their character and the circum stances under which they have beer made.
 '4 The society's surplus and the man ner in which it is carried upon the book. of the society.
 "5 The methods of keeping the SO cietys accounts and the respects 1T which it's accounting may be improved. "6. The relations between the society and the trust companies, banks, safe de posit companies and other institutions | with which the society Is affiliated b, ownership of considerable amounts Q 1 stock or otherwise (In the case of ever! corporation in which the society hal special relations, the ownership of stocl other than that owned by the socet! should be associated so far as practicable. IT The subjects covered by the repor of the Investigating committee, of whicl MT. Prick was chairman, should be full, investigated.
 'S. When the report of the New Yorl superintendent of insurance has beer made that report should be carefully | studied and every matter covered by i | or by the recommendations of the com missioner should be carefully examined.
 Do Not Limit Scope.
 "The foregoing suggestions are not in tended to limit the scope of your inquiry which should be as broad as may b' | necessary in order to ascertain the pre- else condition of the affairs of the society l shall from time to time designate othe subjects which seem to call for specia investigation.
 'It is important for all concerned tha your investigation should be complete, as promptly as possible and you will ac | eordingly inaugurate 1t at once and carr! it forward with all possible vigor.
 "I suggest that each one of your firm place in general charge of this work on particular man with whom 1 may confe from time to time.
 Tt is very essential that the entir, matter should be treated confidential, and I wish to confer with you as to whef you shall begin this work and how yol shall proceed.
 Very truly yours.
 PAUL MORTON"