The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1905-09-16
THE EQUITABLE LIFE
The New Management Stands for
Reform in All That the
Word Implies

rectors of the Equitable Life 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 all 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-
tion 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 COM
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
otfenSeS 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 un-
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
have been miSapprOpriated, the
has it in his poweri
to compel restitution, and he has al
ready inaugurated lawful measures to
that end. If any of the old manage
nent laid himself open to criminal
prosecution it is within the province
the DiStrict-Attorney to cite him
% the bar of criminal justice, and
DiStrict-Attorney Jerome promises to
10 this if the evidence warrants it.
The new management takes up the
work OF life insurance, excluding spec
and graft" under auspices
hat entitle it to the confidence of the
The slate has been wiped
lean for them and their skirts are
clear; SO far as the future is concerned,
hey have their records to make and
heir regulations are at stake. With
he immense business already upon
is books, which will be carefully
guarded, with it's immense volume of
lssets, over $500, 600, 900, and $780,
100, 900 of surplus, it stands today as
me of the strongest and safest insur-
companies in the world. In all
he controversy regarding it that has
aged for several months past, no one
las questioned its s%olvency. The ex-
miners and investigators, whose re-
,ortS have been published, bear wit
less to the fact that the company is
competent to redeem every
'olicy it has outstanding at its face
alue at it's maturity. Every new in
urant can be assured that whatever
tC CIiOCkO lDLO Will tllC
Equitable will be carried out to the
etter by the company. A new era
dawned upon it, and the darkness
hat for a time surrounded the Equit-
BILE has been dispelled by the new
nd strenuous blood that has been in
ncted INTO IFS management. before
hitch all doubt and suspicion must
Let the dead past bury it's !
cad, while the regenerated company :
axes up the work for which 1T was
riginally chartered, and resumes its
lace in the front rank Of those who !
re administering the most beneicient
ystem ever devised for the benefit of
mankind. The Spectator. 9-26-4t
L--Lfp CT, CL.