The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-04-13
DRAINS ALEXANDER
OF INFORMATION
Chairman of Equitable Investi.
gators Asks as to All Finan.
Cial Operations

NEW YORK, April IA complete
record of all the financial transactions
U! the Equitable Life assurance So
Ciety us relations to other corpora
tlonS and full list of the society's
employees. including all its officers, to-
Setner with a statement of the salaries
Gnu elhoIumentS received by them, is
asked OF the society's president, James
W. alexander, in a letter sent to him
Dy Henry c. Prick. chairman of the
!IVeStlgating committee appointed by
tue directors. The letter was approved
az meeting of the investigating COM
I5ti.tee' at which Messrs. Hartman,
piiss, ives, Ingalls, and Frick were
present: In asking for the information
tli. TICK writes that the committee
uoeS not intend to limit its investiea
ton to the questioning of tha sociafy,s
oIncers, but that separate and indie
~! pelueht examinations will be made by
the committee and its experts.
Points Desired
Among the points on which Mr. Alax-
amer amer is requested to furnish data are
the society's holdings or interest in tba
Mercantile Trust company of NV,
York, the Equitable Trust comnanv
the Mercantile Safe Deposit comnanv
OF New York or in any other trusf
title or safe deposit company. bank or
banking company; the society's leases
or Its building in this city; its loans to
any of its employees, officers, directors
OF trustees, together with statement
showing who authorized the loan: a
statement of all dealings by which any
broker sold for or to the society anv
stocks, bonds, securities or other prop
efty, including all the ''So-called un-
oerWrlungS by the society,"" a state
ment as to whether anyone connected
with the society received compensation
or benefit from such stock transaction
or underwriting; a statement whether
any officer, director, trustee or en-
ploye has received any money or other
thlnS OF value because of his relation
with the society; a list of the society's
contracts With its leading agents here
ana abroad, with a compilation to show
the practical result to the society from
each agency; statement showing each
item going to make up the total of
$L9OO,2S5 mentioned in the report of
Dec 81, 1904, for commissions adVer-
Using, postage and exchange. and how
and why each was spent, also each item
or total of $7.179,31S in the same re-
port for AL other disbursements" and
now and why each was spent; a state
ment showing in detail the losses. if
any, to the society since Jan. 1, 1900,
on any property of any kind purchased
by II, giving the names of the persons
who sold the same to the society; a
record of any transaction by which any
ofncer, director, trustee or employee of
the society has irregularly or improp-
erly received money or other valuable
thing for the society outside of and
not part of his regular salary; and
also monthly statement from Jan. 1,
1900. showing the cash balance of the
society, and where the same were. and
are deposited, and the terms of each
deposit
After the Payroll, Too
In a request for a copy of the So
ciety'S payroll. Mr.. Alexander is asked
to give the name of each person in re-
ceipt of salary or compensation of any
kind from the society and to state the
duties performed by each person so
paid. He is also asked to set forth any
increase in salary to an employe; to
give the name of any employe, director
trustee or stakeholder who has any
business relation with any other cor
poration, the compensation, direct or
indirect, he receives in such manner.
and the name of the Equitable society'S
officer who authorized the same. In
formation is also asked as to who of
the employees are related by blood or
marriage to any director or officer of
the society. If any such persons are
employed in services outside of the
offices and ordinary departments and
agencies of the society. Mr.. Alexander
is requested to give their names and
state who so employed them.
Mr.. Prick writes that the foregoing
requests, the committee thinks, cover
all the charges and countercharges
made against any officer director,
trustee or employee of the society, but
he adds:
If anyone has any information or knowl-
edge of any other act, matter or thing
hcer, director, trustee or emplOye of the
society Inconsistent with the best inter
ests of the society, or unfair towards any
officer, director, trustee or employee there
of. the committee will take up and in
VeStigate any such matter on being in
formed of the same by you or any other
officer. director, trustee or employe or
stakeholder or policy holder.
Informers Won't Suffer
Mr.. Alexander is requested specific
ally to give information, principally
since Jan. /, 1900, but the committee
will go back of that date if he or any
other officer knows of anything requir-
ing investigation. In conclusion Mr..
Frick said:
We request you to notify all employees of
the society that no one need fear to fully
and frankly inform the committee of any
facts within his or her knowledge touch
ing the matter of our inquiries. We viii
see that no persons suffer for giving us
information. We intend to investigate the
entire management of the society The
information we receive from you and
through you from all the other officers OF
the society and heads of departments and
employees will be thoroughly analyZed and
tested, and in addition we also intend to
make separate and independent eXamina
tionS of our own and by our own experts.
Our work will bk thoroughly done, and
any officer or employee of the society can
now best serve it by helping to make
the most complete examina ton possible
of its affairs. We request you to send
copy of this letter to all the officers and
heads of the departments of the society.
Promising you such assistance as you
may need in gathering UP and securing for
us the above desired information and with
the added request that if it so happens
that you cannot on any one or more points
give us the informal ton desired that you
will indicate the same to the committee,
with the suggestions as to how it may
be obtained, l remain, etc.