Omaha daily bee., 1905-06-23
JEROME WILL INVESTIGATE
New York District Attorney to Take q
Hand in the Equitable Affair.
STATEMENT BY ATTORNEY GENERAL
steps VIII he Taken to Secure the
Return of Any Money WronEfuIly
Taken from Treasury
of the Society.

NEW YORK, June 22-Following the pub
lication of the report Of Superintendent of
Insurance Hendricks as to the affairs of
the Equitable Life Assurance society came
the statement that District Attorney Jerome
OF New York county has undertaken an in
quiry into the conduct of the society.
August Belmont has rendered his resigna-
tion a director of the Equitable.
Attorney General julius NJ. Mayer ar
rived here from Washington tonight and
will remain in town several days investi-
eating Equitable affairs.
In an interview tonight Mr.. Mayer said:
1t is manifest that the people throughout
the whole country are profoundly interested
in the affairs of the Equitable Life Assur-
ance society. Therefore, l think it fitting
to say that appropriate steps will be
First to accomplish the return to the
Equitable of any profits wrongfully made
or retained by reason OF trust relations or
second-To debar from holding office in
this company any person who has been
faithless to his trust or who violated any
provisions of law.
Third-To obtain an accounting for any
waste or miSappliCatiOn OF funds Tor any
reason or by anybody.
Chairman Morton of the Equitable So
ciety today declined to comment on the
Hendricks report, saying that he had not
! yet digested it. He said he had not ac-
| cepted any more designations. From an
| authoritative source 1t was learned that
| Mr. Morton is now devoting himself to the
| work of reorganizing the board of direc-
tors.
Attention was directed today to the fact
| that four of the Equitable officers mem
win the report of state Superintendent
| of Insurance Hendricks drawing salaries
| for the last five years are no longer ac-
! lively connected with the company. E. w.
| Lambert appears in the report as medical
| director, with salary of $4,000 year. He
died thirteen months ago and yet, accord
ing to the table. his salary was paid this
| year and last.
| Edward Curtis, who figures as a medical
director at $4,000 a year, resigned that
position eighteen months ago. George H.
Squire, who is now a director of the COM
pany, is down on the list as financial man.
ager at $4,000 year, although II. r. Win
throp succeeded Mr. Squire as financial
manager many months ago
| j. B. Loring is recorded as a registrar,
with a salary of 1900 a year. Mr.. Loring
| cea sed to perform the active duties of the
registrarship in 1903
officers of the society today said that
possibly Mr.. Hendricks had gotten hold of
an old list.
| District Attorney Jerome today received a
telegram from Superintendent Hendricks
| stating that an official copy of his report
on the Equitable society had been for
warded as requested and should reach New
| York tomorrow.
| August Belmont has rendered his resig-
nation as director of the Equitable society
to take effect If the trustees accept It,
They have not yet done so, although it was
rendered several days ago
Further Developments Expected.
SYRACUSE, N. Y, June 22.-Further de-
veopments may be expected before Super
intendent of Insurance Hendricks gets
through with the Equitable Life Assurance
society The report just submitted by Mr.
Hendricks is only preliminary one which
does not contain many matters relating tC
the management now under investigation
These lines of investigation may produce
1t is understood, interesting exhibits az
those to which investigation has been com
pleted sufficiently to be included in the
preliminary report
1t is reported that the inspectors of the
state insurance department who are work
ing on the societys books will require fou
and possibly five months to complete the
examination OF the company's financial af
fairs.