New-York tribune., 1905-06-25
GIVES UP HIS PROFITS.
MR.. 4LEYANDER,S LETTER
Orders 500, 900 Paid to Equitable
Mr.. Morton ON Unedrned Salaries.

Murray the cashier of the society. to turn over
to the Equitable the $4,000 of syndicate profits
deposited with Mr.. Murray on February l.
Fl. NJ Aiexander's letter TO Chairman Morton
followed an interesting little conferences at At
torney General Mayors office. the details OK
which were not disclosed.
One of Mr. Alexander's counsel said last
night that his client in returning the money
did not acknowledge any wrongdoing- Three
checks representing syndicate profits, said the
LAWYER. were deposited to Mr.. Aexanders bank
account by his secretary, without his knowa-
edge.
while MIR. Alexander and James n. Hyde have
now restored to the society their pro rata syn
dicate profts-Mr. Hyde, however, having e1-
rresslv said that he had done so pending an
adtudication',-their action will not interfere
with any possible suits to be begun oy Ine
Attorney General looking to the deoarment OK
them and other officers. Neither VIII II inter
fere with District Attorney Jerome, should ne
decide to prosecute any of the Equitable officers
Their action makes 1t entirely probable, how
ever, that Attorney General Mayer viii decide
to bring any suits for restoration and debarmeus
separately.
Voluntary restitution by other Equitable OF
flcers and directors who profted by the James
II. HYDE and Associates" underwriting SYM
dicates is now looked for, and 1t would surprise
no one in the Attorney Generals ofica IL letters
q.
ready in the mail.
Henry NJ Alexander's letter yesterday ="
Chairman Morton was follows:
7 beg Ieave to inclose to you check for S23s-.
O53 o. to the order of the Equitable Life As
surance Society. being the amount OF seven
checks received by James W. Alexander upon
the dates given below. together with fnterese
thereon at per cent to date.
These the amounts referred TO IN tne pro-
liminary report OF Superintendent HenoFicksxl
at page 80 and following pages.
The total is made up as foiloTsi
Metropolitan Street Railway per cent bonds
interest e str from July 80 1902 to sa
cent 9@ss: ssaS: Fl i s IL; ea ass 3
,.ss=.s; zs$ Sssss:: is lss4 asS g
general mortgas per bonds syndicas 1sIs %
lnRssio ns loah: 5aDf4sss pc: Gen.
zs::Ss zs:::sf' s=s@ isy II i5o. ss
Atchison, Topeka and santa Fe per cent gen
debenture bonds. syndicate. 22s4 90
Interest from February A. 1902 4e4 Al
Total ...............-..- .s25 o5s y
The amounts referred to on pages 81 and 81:
Oregon Short Line refunding r,ortsase per >,
Imperial japanese government per
ling second series,. syndcata--.s--s % ses 81
Grand %
were deposited by him on February 1. 1905.
with the cashier of the society Mr. Murray, as
frnstes innediately after the receipt thereof
and an investigation into the facts Thls let
ter NAV be treated authorization TO Mr.
Murray to turn the amount over to the Equi-
table Life Assurance Society
7 am writing this letter, owing 10 Ine Illness
of nv father James W. Alexander, but in do
ing so I am carrying out his Views expressed IN
January last and since maintained
THOSE SALARIES FOR NON-woRKERs-
In a. statement made earlier in the day con-
cerning whose names are said to be still
on the salary list, although no longer in the
companys service Chairman Morton said that
since March 1 George H. Squire had been on
the payroll at ST. 600 a month, adding "by whose
authority have not yet been able to find out
MI Squire had already told a Tribune. re-
porter that on about that date President
Alexander had written him, saying that the
executive committee had voted to retain him as
financial manager in an advisory capacity
'"That letter" Mr.. Squire had added lies III my
safe downtown"
When he sought to communicate with Mr..
Squire last night regarding Mr.. Morton's state
ment the reporter told that Mr.. Squire has
nothing to say.
MIR. Morton's statement shows also that while
| Dr. Edward Curtis retired in February.
| 1904, his salary Of $4,000 was continued unti
| January / 1905 when it was reduced TO $4,000.
| its present amount; and that j. B. Lorings
| salary of $500 has been continued as pension
| since April g. 1908. the date of his retirement.
| Chairman Morton's statement follows:
| Dr F. w Lambert was the first medical d.
rector of the Equitable. He died on July IL, 1904.
having served for forty-fye years o as cner meaiz
cal director His salary was S2o,OOo a year ana
| was continued and paid TO his widow up TO and
| Including December, 1904, since which time
| nothing has been paid .
| DIR Edward Curtis was elected medlcaI ol-
| rector in September, 1876. and was retired In
| Eahrnsrv 1904 on account of a stroke OF paraly-
| sis hut with the understanding that the society
| could avail itself of his services as consulting
| medical director AS medical director he re-
| ceiyed a salary of $4,000 a year, which was
continued until January /, 1900, at which tiIne
| owing to his inability to perform active service,
| IL was reduced to $4,000 a year ms sum Is
| still being paid to him.
| b I,oring registrar. was the first clerk
| enployed by the Equitable in 1883. He served
| the society for forty-five years in positions OF
| trust and for more than twenty-five years was
| chief of the society's security department. in
| charge of its vaults. His salary $500 a
wear and on April g. 1908. he left the service of
| the society on account of Ill health. and his
! salary was continued pension
| George H. Squire came with the society IN
| September 1899. His salary In 1904 was SO
| O0O During August OF that year ne lost leg
| and temporarily incapacitated for work
| The executive committee granted him SIX
| months leave of absence. with pay. which eX-
| nired on March /. 1903. since which time he
| had been OIL the payroll at $1,000 a month. but
| bv whose authority have not been able to find
| out.
| HYDE ON SAFE DEPOSIT LEASES.
! Mr.. HYDE denied story that the estate of mis-
father Henry B. Hyde. had received from the
E,ouitable society about S5.OOO.OOo in settlement
| of claims or contracts of Henry B. Hyde for
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