Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1905-06-27
FULL INQUIRY TO BE MADE
Officials of the Society Will Be Made
to Suffer If Evidence IL Strong
Enough to Establish
Guilt.

ton, said he had letter from Gov. Hig-
gins offering to place the evidence OBJ
tanned by Superintendent of Insurance
Hendricks at Mr.. Jerome's disposal. Mr..
Jerome added:
ut is my desire to have that evidence
and 1t is my intention to go through ID
very thoroughly.
Investigation Mandatory.
1.-THE widespread attention called to
this matter makes 1t mandatory upon
me to make an examination Of the whole
affair. am not In a position to know
at this time whether there has been
a violation Of the law, but II is my duty
to find out. Before the governor ad-
dressed his letter to me had the matter
under consideration having sent for
copy Of the Official report Of the investi-
cation. It may be that there Ia nothing
in this affair to cali for the action of this
court.
TT is unusual for the governor to ad-
dress such letter as this to the district
attorney and 1t focuses public attep-
ton upon me. / have made arrange
ments with Justice Davy, Of the GRIM
inal branch Of the supreme court, and he
will continue the June term Of that court
through the summer. The powers d
both courts can, Ii necessary, be inyoked
It will take me some time to learn
whether will need the assistance Of tAe
courts or not
First Case in History.
He was OF the opinion that separate
actions would be taken, one for tho res
titution of funds wrongfully ELECTED
and another for the debarment proceed
ings against officers Of the society. n
commenting on this phase Of the situA-
ton Mr.. Mayer said:
This is novel action, and 1t is the
first time in the history of the state Of
New York where dsbarment proceed
ings against the officials Of an tnsu7.
ance company will have been taken.
Under the insurance law, the applioA-
ton Of which has never yet been pat n
practice, the attorney general has tie
power to debar ofacers Of an insurance.
NJ - D1oA -rSsa11u sS1S1 90
liot In their duty, and this debarment
not only precludes them from holding
positions as officers, but also debars
them from acting as directors not only
in the company from which they hsss
been debarred but from any other In
surance company doing business with-
in the confines of the state and the At
torney general is the one to enforce the
action"
Eyds Willing to Aid.
James H. Hyde. through his counsel
Samuel Untepmeyer, has indicated ID
Attorney General Mayer his willing.
ness to facilitate the attorney generals
proposed suit against James H. Hyde
and associates" for the return Of the
profits received by them in the syndi-
Gates transactions In which the Noui-
table society was involved. Mr.. Hyde
informed the attorney general that htf
counsel was instructed several weeks
ago to begin a friendly suit against the
society for the return of $63,283.31, hid
profit in the syndicate deal, which he
already had turned over to Cashies
Murray Of the society as custodian,
pending the determination Of the own
ershtp OF the fund. In view of the fact
that the attorney general is about to
bring suit involving the same points,
he felt that such action would be en-
titled to preference, and it could
therefore be more speedily settled. He
would very much prefer, if agreeable
to the attorney general, that this course
be taken, Mr.. Hyde said he was most
anxious for an immediate determine
ton Of the question of the ownership
of this fund, and "if he is right, as ne
believes himself to be, relieve himself
by the judgment Of the court from the
criticisms that have been leveled
against him in the report of the SUPER
intendent, which he regards as most
unjust and based upon total missap-
prehension Of the law and facts" At.
torney General Mayer informed Mr..
Hyde that he will avail himself Of the
offer to expedite an immediate deter
mination in regard to the matters, and
that such steps as may be necessary
will be taken by him as soon as posi-
BILE.