The Dolores star., 1905-08-04
EQUITABLE N COURT
New. voRk sTAre slassss s0rr
oslesrs chsrDsd VIM oesss netsNeon-
aosmsas cesrt Asksd - Gem-
~ Thesn - hoaiss oeed
An loooos. q q


New York. July s1.-An action vas
instituted to-day by state Attorney
General Julius H. Mayer In the 8u-
preme Court Of New York county. In
the name OF the people OF the state Of
New York against the Equitable Life
Assurance Society. its oGlcers. direc-
tors and members Of the executive and
fiscal committees. al OF which are
named in the complaint.
1t charges that the society's funds
have been grossly mismanaged and
wasted by the omcers and directors.
and asks the court to compel them to
make good all losses caused By their
acts.
1t recites that when the Depcw In
prUvement Company failed Senator De
pew and associates promised to pay
the difference between the loans nom
the Equitable and the amount realised
from sale Of the improvement COM
pany's property. but that the promiSe
has not been kept.
The defendants are the Equitable
Life Assurance Society Of the United
States and James w. Alexander. Louis
Fitzgerald. Chauncey n. Depew. Henry
G. Deming, Cornelius N. Bliss. George
H. Squire. Thomas d. Jordan. Charles
8. Smith, Valentine p. Snyder, Alvin
W. Krech, William Alexander, John ].
McCook, James b. Forgan. C. Ledyard
Blair. Drayton Ives, Melville e. ingalls,.
James H. Hyde. Alexander J. Cassatt.
Jacob H. Schiff. James ]. Hill. T. JEFF
John Jacob Astor, william G. Van
Horne, Gage Z. Tarbell, Marvin Hugh
itt. Charles B. Alexander, Thomas De-
Witt Cuyler. Marcellus Hartley Dodke.
Jose F. DeNavarro. Bradish Johnson.
Joseph p. Lowe, John A. Stewart, Ed
ward H. Hartman, Levi p. Morton.
August belmont. Darius o. Mills, Rob
.ert T. Lincoln, George J. Gould, John
Sloane, George T. Wilson, Thomas r.
Eckert. William H. Mcintyre. Henry NJ.
Alexander, Henry G. Frick. Samuel NJ.
Inman, Henry c. Hartick, David H.
Moffat and Henry r. Winthrop.
I, The complaint contains twenty-one
sections and covers thirty-three pages
of typewriter matter; refers to the
Frick committee report and the inves-
tigAtion made by State Superintendent
of Insurance Hendricks; is based ON
Information and belief, and Attorney
General Mayer in his prayer to the
court says that action was brought
on behalf Of the people Of the state Of
New York In the public interests and
pursuant to the provisions Of law. He
therefore asks:
"1-That the defendants, each Of
them, other than the defendant. the
Equitable Life Assurance Society of
the United States. account for their Of
ficial conduct in the management and
disposition of the funds and property
committed to their charge.
"2-That the individual defendants
and each of them be compelled to pay
the defendant, the Equitable Life As
surance Society Of the United States,
any money and the value of any prop
erty which they or any of them have
acquired to themselves, or transferred
to others or lost, or wasted, by . vio-
lation Of their duties.
"3-That any defendant or defend
ants now director or directors or Of
f1cers in the defendant society, upon
proof OF misconduct. be removed, and
that new election be held by the
board Of defendant society purely au-
thOrixed to hold same, In order to sup
ply the vacancy or vacancies created
by the removal,
"4-That the net surplus Of defend
ant society. after deducting a sufHcient
amount to cover all outstanding risks
and obligations, be paid to, or credited
to, or applied for the benefit OF, the
present policy holders in the Equit-
able in proportion In accordance with
the charter and with the law.
"6-That the plaintiffs have such
other further relief A. may be lus,.
equitable and profitable =