The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-06-24
VACATION HAS
BEEN SUSPENDED
Court o. General Sessions Will Sit
During the Summer.
JEROME READY FOR ACTION
PROSECUTION OF EQUITABLE OF
FICIALs PROBABLE.

EEEW YORK, June 23.-The regular
summer vacation of the court Of
general sessions will be suspended
this year. so that the court may be
available if District Attorney jerome
begins prosecution in connection with
the affairs of the Equitable Life As
surance society. This action was TAX
en- upon the request of District Attor-
ney jerome.
District Attorney jerome, in making
his motion to suspend the courts vaca-
ton. said he had a letter from Gov
eruor Higgins. offering to place the evil
dence obtained by Superintendent of
Insurance Hendricks at Mr. JerOme's
disposal. Mr.. Jerome added:
His Duty to Find Out.
1t is my desire to have that evil
deuce and it is my intention TO go
through it very thoroughly I am not
in 4 position to know at this time
whether there has been violation of
the law, but il is my duty To find out.
1t is unusual for the governor to
address d letter such as / have received
10 the district attorney. and il forces
public attention upon me- l have made
arrangements with Justice Davey of
the criminal branch Of the supreme
j
term of that court through the summer.
The powers of both courts can. If
necessary. be invoked 1t viii take me
some time 10 learn whether I shall
need the assistance of the courts
Action by Attorney General.
Attorney General Julius VI. Mayer
was at hisfoffice today engaged in go
ing over the proceedings of the Equit-
able society When asked how soon
he would begin action against the
Equitable officers scored in the Hen
bricks report. Mr. Mayer replied.
Action will he taken as soon as il is
physically possible and il will not be
II matter Of weeks, but of vs. only.
before we will be ready. Not only
have 1 got to go over the Hendricks
report but the testimony which pre-
Ceded that report and on which the
report is based
He was of the opinion that separate
actions would be taken. one for the
restitution Of funds wrOngfUlly elected
and another for the debarment pro-
Ceedings against officers of the so
clety- In commenting Oh this phase
Of the situation, Mr.. Mayer said
First of Its Kind.
This is a novel action and it is the
first time In the history of the state of
New York where debarment proceed
inEs against officials of an insurance
company Will have been taken Tn
der the insurance law. the application
of which has never yet been put in
practice, the attorney general has DOW
~ to debar officers of an insurance
company who have been found dereIiCt
in their duty, and this debaTment not
only preClUdeS them from holding DO
sitions as officers. but also debars them
from acting as directors. not only in
the company from which they have
been debarred but from any other in
surance company doing business with
in the confines Of the state. and the
- attorney general is the one to enforce
the action"
BeImont's Resignation.
August Belmont said today that his
resignation as a director of the Equit-
able Life Assurance society was for
warded TO Grover Cleveland on
June "a.
4 have not been notified that any
action has been taken on my resigna-
ton or letter he said. and have not
even received an acknowledgment of
the letter from Mr.. Cleveland
Mr. BelmOnts letter to Mr.. Cleveland
follows:
New York June a. 1895
My Dear SW-I have been Il policy
foldeT of the Equitable Assurance so
Sciety since 1889. 7 was elected a d.
rector in 1892 and have served ever
since, and from the year 1892 to 1896 I
served on the finance committee. Nv
election. however although qualified
for dictatorship as a policy holder. was
effected by the majority holders of the
stock of the company
-inasmuCh as this particular amount
OF stock has now passed into a trust.
of which YOU are to act IS trustee, with
n fun understanding that You will
have complete and UnqUeStiOned eXer-
else of your Judgment in the selection
of directors. I place my resignation i'm
your hands. to use when and i'm what
manner YOU may see fit
Yours very truly.
AUGUST BELMONT"