New-York tribune., 1905-08-05
EQUITABLE 81, 100000 OFF
DECREASE IN THREE DAYS
Loss IN Business for Year Estimated
at $50 900 900.

There has beer falling off of 50, 100000 in the
Equtable's business for the first three days of
this north compared with the same period Of
1904. X is estimated that, under the most
favorable conditions, 1905 viii show falling eff
OF at least S5ooooo0o
Friends OF Charles E. Hughes express the be-
lief that the former counsel for the legislative
rns investigation would not accept the position
of counsel 10 the legislative insurance investiga-
,,or committee if only in view Of his association
with counsel for James w. Alexander. the ex-
,resaent of the Equitable.
THAT the committee itself, however may think
o.herwise received color from a remark of Sen
.or Armstrong just before the entire commit
zoe left town last night.
.syEe have not found man." he said. adding
.b = smile, Il think shall have to go to
Europe for hif1l'
AZ Hughes is in Europe in Austria, by last
accounts.
Sid Senator Armstrong: I'VE have impress
sions' of several men. but there is no consensus
on any one. The general committee will not
return TO town before Wednesday or Thursday.
The subcommittee ION names of counseD will
return or Sunday night and resume work on
Monday morning.
The committee had another conference with
Attorney General Mayer at Mr. Mayors Will
ianl-st. Office before leaving town.
Following closely the assertion that has been
made that the $50 100000 at which the EQui-
tables real estate is carried in two assets is
large by ST., 100000. President Morton appointed
Douglas Robinson yesterday a special ap-
praser, TO examine and report on the societys
real estate. For some time expert accountants
have been az work on this appraisal. President
Morton is OF the opinion that S36,0IDOoO is not
too high a valuation. because the value Of New
York real estate increases by leaps and bounds.
He believes that the report of Mr.. Robinson viii
Justify his confidence.
Attorney General Mayer was in town yester-
day. and the actual work began of serving the
legal papers in his suits against the defendant
officers and directors Of the Equitable. William
Alexander the Equitabe's secretary, accepted
service in person on behalf OF the defendant So
ciety. Personal service likewise made on
Gage F. Tarbell. George I. Wilson and Henry
Rogers Winthrop. Lawyers or legal firms ac-
cepting service behalf of their clients and
who will represent the defendants in court
were:
Alexander & Colby, behalf of James W.
Alexander, Gage E. Tarbell, Thomas D. Jordan,
Valentine P. Snyder, H. NJ Alexander and
William Alexander; Guggenheimer Untermyer
Marshall, for James Hazen Hyde and Will
ian Il. Mcintyre; Anderson & Anderson, for
senator Chauncey NJ. Depew and Alfred Gwynne
vanderbilt: William A Keener, for Jacob H.
schin; Sullivan and Cromwell. for Cornelius N
Bliss; John Dewitt Warner for James B. For
gan; Winthrop & Stirnson (Secretary Roots for
mer law hrrn), for Henry Rogers Winthrop
Baker & Peabody asked for a copv of the
summons and complaint for David H Moffat
The firm did not intimate however whether it
would represent Mr.. Moffat in the proceedings
Attorney General Mayer will now leave town
TO be absent for fortnight
AS an Illustration of the difficulty the COM
mittee experiences in finding q LAWYER of suf7-
Gent callbre Tor its work, but without ernbar-
RAISING entanglements, Senator Armstrong last
night cited the following array of legal talent
behalf Of Mrs. Mary Young against the Euui-
table: Pierce G. Greer for Colonel John J. Nc
Cook; Strong & Cadwalader, for August Bel
mont H. c. Deraing and Alvin W. Krecb: Guth-
ne, Cravath & Henderson, for a. J. Cassatt
z. Jefferson Coolidge and T. De Witt Cuyler
Z A Gushing, for Marcellus Hartley Dodge
ert; Rush Taggart for General Louis
Fitzgerald; Simpson, Thacher and Bartlett
for Henry c. Frick and James J. Hill;
Carter N. Ledyard & Milburn, for E. H Harri-
man; Bowers & Sands, for Bradish Johnson;
Lord, Day & Lord, for Sir William Van Horne;
William Underwood for George T Wilson: Duer
Strong & Whitehead, for James T. Low and
Charles Stewart Smith; Choate Hanford &
Larocque, for Levi P Morton; HowIand, Murray
and Prentice. for D. o. Mills; Rastus S. Ransom
for George H. Squire; Z. W. Sheldon. for John
Il E. Haarstick
Senator Depew at the Oriental Hotel. Man
haitian Beach, declined last night to discuss the
printed report that he carried no policy in the
Equitable
away over Sunday. 1t is understood that GagH
z Iarbells resignation has not been returned to
MN, but remains in Mr.. Morton's hands.
For more than week four of Superintendent
Hendricks's experts have been in the Equitable's
vaults counting the Equitable securities,
which aggregate between S2O0.OO0O0 and $500
day.