The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1905-04-04
STATE TO EXAMINE
Governor Higgins States That
Investigation Has Begun.
EQUITABLE TlSCLE NOW At ALBANY
senator Bracket Presses Resolution
Tor Inquiry fnto the Methods
OF the Great Life Assur-
ance society,

NEW YORK. Arrll i.-The most Inn
portant development la the Equitable
life Assurance socleiy's Affairs WAS
the announcement last night boy Gov
ernor Higgins ai Albany and boy Prcsl.
dent james W. Alexander OF the socl-
ety Ia this city that the state supern'
tendent 81 Insurance, Francis Hen
bricks. had begun an investigation Of
the company's affairs.
This was followed by the introduc-
ton In the state senate last might " u
resolution providing FOR legislative
investigation Of the Equitable. The
resolution was presented boy Senator
Bracket
Mr.. Hendricks returned 20 Albany
after several days spent la conference
with those Interested Ia Equitable mat
tiers In this city. The governors an.
nouncement came less than twelve
hours after the superintendent had
reached his Albany office aud was FOL
lowed boy formal announcement from
Mr.. Hendricks office In this city 10 the
same effect
This action by the state authorities
follows a request uadc by Mr.. Alexan.
der 20 superintendent Hendricks boy
letter Feb II aud by Mr. Hyde la q
later letter. announcement OF which
was made last saturday night
IN ma authorized statement last night.
the first Mr. Alexander has made since
the state superintendent was called Ia
10 M. controversy. the president % the
Equitable says that the Investigation
by Mr. Hendricks "ls now Ia progress.
Its result will establish the truth or
falsity ~ many matters which are now
being alleged on the one hand and con.
iroveried on the other" lie also takes
occasion 10 deny some OF the state.
ments made formally by Mr.. Hyde last
Saturday night. Mr. Alexander's state.
ment In part Is as follows:
1T has been my settled purpose 10
avoid as far ms possible discussion In
the public press OF the merits OF any
phase Of the controversies now existing
within the Equitable Life Assurance
society. The examination asked for by
me Is now In progress. aud It's result
will establish the truth or falslty OF
many matters which are now being ri.
legged on the one hand aud controverted
on the other.
''ln signed statement issued by the
vice president OF the society. James
H. Hyde. on saturday April !. 1905.
certain statements were made which
cannot allow 10 pass unchallenged.
lie says that the charges that have
been made against him have their
origin In an effort 10y individuals TO
obtain control of the Equitable society
and its assets ON the part OF myself
and the other officers Of the society
who are associated with me IN this
movement | desire 10 deny that our
action is influenced 10y any motive ex-
cept desire 10 discharge our duty as
officers Of the society
Mr. Hyde further says that he has
exercised no power except with the
presidents concurrence. In reply as
sert that Mr. llydes usurpation Of the
presidents authority and his hablmal
action without the consent or the
knowledge Of the president OF the so
ciety are among the subjects Of seri
Gus criticism against his conduct as an
officer of the society"
Mr. Hendricks said last night the ac-
ton OF his department would be in the
nature OF an examination and an in
vestigatlon. Isaac Nanderpool. chief
examiner Of the department will be
in charge