The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1905-09-02
THE EQUITABLE LIFE
The New Management Stands for
Reform in All That the
Word Implies

TeCGOrS OF Tue EqulCaDle Lille last
week Paul Morton was formally elect
ed president Of the society, the resig-
nation of James w. Alexander as such
having previously been accepted. Thus
the work Of regeneration goes on with
in the company, and it can be safely
assumed that from this time forth
the affairs OF this great life insurance
institution will be conducted in a
thoroughly busineSS-like manner and
confined to lines laid down in it's char
ter-viz: the issuing of policies of life
insurance, granting of annuities and
matters kindred thereto.
The new management of the Equit-
able stands for reform in all that the
word implies. The line of demarca-
ton between past and future practices
will be closely drawn, and only such
of the old continued by the new as
seem to be wise and judicious and in
the best interests of those most deeply
commemorative policy holderS-whO
have placed their trust in the CON-
pany. If there has been any betrayal
of that trust in the past, that is now
a closed incident. The temptations
that came to those formerly in control
have been removed, and the sacred
trust funds will be SO Safeguarded in
the future that no repetitionS Of those
offenSeS that have excited so much
discussion and apprehension can &C.
cur. Bygones should be regarded as
bygoneS, SO far as the new manage
ment is concerned. The regeneration
of the Equitable has been begun I'M
der the most promising auspices and
will be continued under the direction
of the competent men now in control.
The worst has been told of the old
management, and the new starts upon
a career free Of all past entangle-
mentS. For whatever offenSeS against
the policy holders that have been COM
mitted the law provides a remedy. If
funds have been Incorporated, the
Acknowledgement has it in his power
to compel restitution, and he has al
ready inaugurated lawful measures to
that end. If any Of the old manage
ment laid himself open to criminal
prosecution it is within the province
of the DiStrict-Attorney to cite him
to the bar Of criminal justice, and
DiStrict-Attorney Jerome promises to
do this if the evidence warrants it.
The new management takes UP the
work of life insurance, excluding spec
ulation and graft" under auspices
that entitle it to the confidence of the
public. The slate has been wiped
clean for them and their skirts are
clear; SO far as the future is concerned,
they have their records to make and
their regulations are at stake. With
the immense business already upon
its books, which will be carefully |
guarded, with its immense volume Of
assets, over $400, 900, 900, and $780,
600, 600 of surplus, it stands today as
one Of the strongest and safest inSur-
ance companies in the world. In all
the controversy regarding it that has
for several months past, no one
has questioned its solvency. The ex-
lminers and Investigators, whose re-
ports have been published, bear wit
ness to the fact that the company is
financially competent to redeem every
policy it has outstanding at it's face
value at its maturity, Every new in
can be assured that whatever
he enters into with the
will be carried out to the
etter by the company. A new era
las dawned upon it, and the darkness
hat for a time surrounded the Equit-
Lble has been diSpelled by the new
md strenuous blood that has been in
ected into its management. before
which all doubt and suspicion must
Let the dead past bury its
lead, while the regenerated company
axes up the work for which it was
originally chartered, and resumes it's
,lace in the front rank OF those who
re administering the most bene6cient
yStem ever devised for the benefit of
mankind. The Spectator. 9-26-4t
Il IL II