Milford chronicle., 1905-08-04
ANOTHER SUIT
AGAINST EQUITABLE
81 New Gases and Five More Deaths
in New Orleans.
QUARANTINEs ARE SEVERE


instituted by State Attorney General
Julius NJ. Mayer in the supreme court,
New York county, in the name of the
people of the state of New York.
against the Equitable Life Assurance
Society, its officers, directors and
members of the executive and finance
committees, all OF which are named
in the complaint. Among the defend
ants are; The Equitable Life Assur-
ance Society of the United States and
James w. Alexander, Chauncey NJ.
Depew, Cornelius N. Bliss, Brayton
Ives, Melville E. Ingalls,, James H.
Hyde, Alexander ]. Cassatt, Jacob H.
Schiff, James J. Hill, T. Jefferson
Coolidge, Alfred G. Vanderbilt, John
Jacob Astor, Gage E. Tarbell, Marvin
Hughitt, Jose f. De Navarro, Edward
H. Hartman, Levi P. Morton, August
Belmont. Darius o. Mills, Robert 7.
Lincoln, George J. Gould. John Sloane,
George T. Wilson and Henry c. Frick.
The complaint contains 21 sections
and covers 80 pages of typewriter
matter. refers to the Frick committee
report and the investigation 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 the action was brought on behalf
of the people of the state of New
York. in the public interests and pur-
suant to the provisions of law. He
therefore asks:
1.-"That the defendants, each of /
them, other than the defendants, the |
Equitable Life Assurance Society of |
the United States, account for their
official conduct in the management
and disposition of the funds and prop
erty 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 a yio-
latiOn of their duties.
S.-"That any defendant or defend
ants. now a director or directors or
officer in the defendant society, upon
proof of misconduct. be removed, and
that a new election be held by the
board Of the defendant society. purely
authorized to hold the same, in order
@ supply the vacancy or vacancies Gre
lted by the removal.
4.-"That the net surplus of defend ,
int society after deducting a sufficient !
mount to cover all outstanding risks
ind obligations, be paid to. or credited {
o. or applied for the benefit of, the
PRESENT policyholders in equitable pro- I,
portions. in accordance with the char i
er and with law.
5.-"That the plaintiff have such
.ther or further relief as may be just, /
quitable and profitable" )
The complaint also charges: "That q
he defendants wrongfully caused the G
efendant society and a number of
ther societies and corporations in y
rhich the defendant society was large
and in which some of said Il
Individual defendants were also direc-
ors and stockholders. to pay large
lms of money to themselves, or some
f their number, and to other persons,
nder the guise of salaries and fees Lc
)r attending to their duties as officers
nd directors and members of commit
,es of the defendant society, and OF
sveral other societies and corpora hs
ons." n,
Especial mention is made of the re- +,
,ipt by Mr. Hyde of salaries aggre- "
ating $27. 600 annually from the Equit- ="
Die, Mercantile and Commercial Trust al
in all of which the EQuita- 10
e Life is largely interested"
Allegation is also made of the pay be
ent of "illegal and excessive pen an
ons to various persons" and of the an
lyment of excessive. improper and tul
warranted sums to various attorneys ioI
Id counsellors at law, the aggregate
Mount of which far exceeded and was =, ~
tirely disproportionate to the SER ~
ces rendered" wa
AUTO RECORD LOWERED