The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-08-01

are: I'LL ~ n II NJ Y ,3ft3f
The Equitable Life Assurance Society
OF the United States and K;
Jas. w. & alexander Gage p, Tarbell.
Louis Fitzgerald, Marvin Hughitt,
Chauncey NJ, Depew, Charles B. Alexander
Henry C.. Deming Thomas D. Cuyler,
Cornelius N. Bliss, Marcellius H. Dodge
George III Squire, Jose F. DeNavarro'i
Thomas .. Jordan, Bradish Johnson, t33G
Charles s. Smith, Joseph p. Low, fSS $
Valentine P. Snyder, John "A. Stewart,
Alvin 4 w. (krech, Edw'd H. Hartman.
William Alexander Il Levi F. Morton, "a 5gSS
John J,fS5 Cook August Belmont, q u I,
James B..y Forgan. Darius o. Mills, \ 5
&C.tLedyard Blair Robert Z. !. Lincoln,
tBrayton Ives. George tFJ Gould Il MN
ENfelV ille r. ingalls,, " ohn ne, -s,
James II. I1ydes s$@ " Georg gef IT, w ilson,5 535
Alex. Casa y,,, 4, Thon1as n. sEckart, NJ.
Jacob H schiff !. @ s syvm. H N MeInt tyre: \,
James J 1Ill Henry NJ. Alexander.
y. J ~. Cool lidge, I'll, Henry c. Frick 8
All G. Vanderbilt, Samuel NJ ;Inma i. v II
| John Jacob Astor. Harry c. Haarstick,s
VIM. g. VGnhorne. David H. Moffatt,
Henry R. !, Win throp. # Il fS,
EDWARD II. Hartman, on the eve OF
MS departure for Japan. accepted service
OF the summons, and to- day many OF this
defendants, including James H. Hyde
were served through their private coun-
days to file answer. ts & s2sylS7 lS
The complaint refers to the Frck Com.
mtttee report and the Investigation made
by State Superintendent OF Insurance
Hendricks, md Is based on information
and belief. Itiaslks: Il. #' .S s5
That the defendants, except the SO.
clety Itself. account for their official
conduct In the management and dis
position OF the funds and property All
committed to their charge 5S 5Sg
That they. pay the Equitable Society
"any money and the value Of any III
property any OF them have acquired to NH
themselves or. transferred to others, \
or lost. or wasted, by a violation Of
their duties" ,a3 IA,
That any Of them, now a director
or directors or officer In the Equitable
Society, upon proof Of mseonduet,5 be
removed and new election hold BY n
tho board Of the society to supply the
vacancy 4.
THAT tho net surplus Of the society, Il
after deductIng sufficient to cover all s.7
outstanding risks and obligations, be
paid to, or credited to, or applied for rs
tho benefit OF the present polcyholders
In equitable proportions, IN accordance
With the charter and With law, and Fss
asks any further relief as ay be Just,
equitable and profitable. u
The complaint charges that the indi>
! yidual defendants, MS directors. "neglt-
gently, Improperly and lmproVidently per-
| formed such duties, and have habituaily
and continuously done, suffered 70 no
| done. wrongful, illegal and improper acts,
| ca,,sing great loss and damage to the sos
| ciety Ny Z,
with having acquired or permitting trans \
| fer to others, money. property. ETC.. o.
the society. .ag n i, :, -. 49,
Dealing with the premises N NeM
York to the Mercantile Safe Deposn
romnany. the complaint says that rental
vas inadequate and disadvantageous e
the Equitable society; that James IL z
Hyde. Alexander Tarbel and other az,
PENDANTS were directors In tho Mercantile
safe Deposit Company and thereby da'
rived profit In violation OF their DUTY
to the Equitable. Il,
The complaint declares that the Equ|'
table received but q nominal rent Tor tne
nremises occupied by the Missouri SAFE
renosit Company; that at the time OF
the stock purchase 1,+lO shares out OF q
total OF 1000 were owned by James r.
HYDE, and the remainder by others OF
the Individual defendants, some OK Wnonl 3
were officers In the shfe deposit company
and In the E1uitablet that the saie ae-
posit company then had no assets pe'
yond the lease and the good Will
Loans to Agents,
The complaint charges that the indi' n
vidual defendants ''wasteful|y, lH'provl.
IDENTIFY and Improperly pern.lt.eu VIZ
society to make large, excessive ana
unwarranted loans to agents and sets
forth procedure taken to avoid decisions
of Insurance l-Spmlss!oners.
II is also charged that the Commercial Il
Trust Company OF Phiadelphla had on
its books ,4,27a,24o. composed os as.
signed balances and debts que from "
defendant society paid to the truDt com,
pany five per cent per annum, although
the sum was not taken from tho trust
company and the trust company had on
deposit large sums OF the defendant so 4
eiaty. imam which the trust company ~