Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1905-06-24

New York, June 90. Attorney Cen
cal Mayer announced last night that
he would ;nsiitHte at once legal pro-
ceedings in the name OF the state
against the Equitable Life Assurance
society and its officers.
~ believe that an official should not
predict that he will do," said Mr..
Mayer, performance is preferable to
promise. 1t is manifest. however, that
the people throughout The whole coun-
try are profoundly interested in the af-
fairs Of the Equitable society. There
fore, think 1t fitting to say that ap-
propriate steps will be speedily taken
by me as follows:
81. To accomplish the return to the
Equitable of any profits wrongfully
made or retained by reason Of trust
relations or otherwise.
''2. To debar from holding office in
this company any person who has
been faithless to his trust or who has
violated any provision of the law.
"3. To obtain an accounting for any
waste or misapplication of funds for
any reason o. by ANYBODY.
Studying Other Matters.
"There are certain other matters Of
Importance which am studying, but
to which 1T would be premature to re-
fer in detail. 1t might, for instance,
be to the interest of the policy hold
ers to learn the character of and oc-
casion for some Of the legal services
paid for during, the past few years.
"But above all inquiries as to al
lNlS, al nj
cessity of the situation is that the
rights of the policy holders In all re-
lsspects should he ascertained clearly
and completely as quickly as legally
possible. In this and other particu-
lars shall try my best to attain re-
suits"
"Will criminal as well as civil pro-
ceedings be instituted?" was asked OF
the attorney general.
"If any crime has been committed
by anybody" he replied, criminal
proceedings are initially for the dis
trict attorney"
4 Court Awaits Developments.
The regular summer vacation Of
the court of general sessions will be
suspended this year so the court may
be available if District Attorney Jer
ONE begins prosecution in connection
with the affairs of the Equitable Life
Assurance society.
Salary to Dead Man?
Twenty-Five thousand dollars veal
is pretty steep salary for live man
but for dead one it is enormous Yet
according to the report of State Super
intendent of Insurance Hendricks, The
Equitable society's books show tina
the, name of e. w. Lambert, medica
director who died two years ago, ha!
i not been removed from the pay roll
His salary was paid this year and las
according to the Hendricks report.
| Attention is directed to the fact tina
three other of the Equitable officer
: mentioned in the report as drawin
, salaries for the last five years are n
), longer actively connected with the az
sociation. Edward Curtis who also fie
, ures as medical director at $4,000
: year, resigned that position eightee
: months ago. George H. Squire, VIII
} is now a director of the company,
: down on the list as financial manage
! at $4,000 year, although H. R.sWir
throp succeeded Mr. Squire as fina1
l cial manager many months ago. T.
| Loring is recorded as registrar wit
r salary of $500 a year. Mr.. Lorin
2 ceased to perform active duties Of th
} registrarship in April 1908.
Officers Try to Explain.
: Officers of the society today sal
: that possibly Mr.. Hendricks had go
:. ten hold Of an old list.