The Montgomery advertiser., 1905-04-13
ASKS ENTIRE RECORD
ACTION OF EQUITABLE INVESTI-
 CATION CHAIRMAN.
Committee Appointed by Directors Gives Modification of Its Inten- ton to Thoroughly Sift
 COmpany<s Affairs.

l ANCW TUT ApTll IA compete re-
 cord of all the financial transactions of the Equitable Life Assurance so- ciety, its relations to other corpora
 tions and a full list of the society's | employees. including all its officers, together with a statement of the sala-
 ries and emoluments received by them, is asked of the Society's President, James W. Alexander, in a letter sent
 to him by Henry c. Prick, chairman of
 tine Investigation committee appointed by the directors. The letter to Mir,
 Alexander was approved at a meeting of the investigation committee at
 which Messrs. Hartman. Bliss, Ives, Ingalls, and Prick were present
 In asking for the information Mr.
 Prick writes that the committee does not intend to limit its investigation to the questioning of the society's officers
 but that separate and independent ex-
 aminations will be made by the com
 mittee and it's experts.
 Among. the points on which MT. Alexander is requested to furnish da-
 ta are the society's holding or interest in the Mercantile Trust Company of New York, the Equitable Trust Com pany of New York, the Mercantile Safe Deposit Company of New York, or in
 any other trust, title or safe deposit
 company, bank or banking company;
 the society's leases of its building in
 this city; its loans to any of its em-
 ployes, officers, directors, or trustees,
 together with a statement showing
 who authorized the loan; a statement
 of all dealings by which any broker
 sold for or to the secretary any stocks,
 bonds or other property including all
 the "so-called underwritings by the | GnnfafUsb a af al Anf f4 rrxIO any one connected with the society re-
 ceived compensation or benefit from such stock transaction or underwrit-
 ing; statement whether any officer, director, trustee, or employe has re-
 cetved any money or other things of
 value because of his relation with the
 society; a list of the societys con-
 tracts with its leading agents here and
 abroad, with a compilation to show
 the practical result to the society from
 each agency; a statement showing
 each item going to make up the total of $7,900,285 mentioned in the report of December 31. 1904, for commissions, advertising, postage and exchange and
 how and why each was spent, also same report for "all other disburse- ments" and how and why each was spent: statement showing in detail the losses, if any, to the society since January 1, 1900, on any property of any kind. purchased by it, giving the names of the persons who sold the same to the society; a record of any transaction by which any officer, di- rector. trustee or employe of the so- ciety has irregularly or improperly received money or other valuable thing from the society outside of, and not part of his regular salary; and also monthly statement from January 1, l. the society; and where the same were and are deposited and the terms of each deposit.
 In request for a copy of the Socie- tvs payroll. Mir. Alexander Is asked to give the name of each person in receipt 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 CT stockholder who has any business relation with any other corporation, the compensation, direct or indirect. he re ceives in such manner, and the name of the Equitable Society's officer who au thorized the same. Information in also asked as to who of the employees are related by blood or by marriage to any director or officer of the society. If any such persons are employed in ser vices outside of the offices and ordinary departments and agencies of the socie- ty Mir. Alexander Is requested to give their names and state who so employed them.
 Mir. Brick writes that the foregoing requests are intended to, and the com mittee thinks do, cover all the charges and counter charges made against any officer. director, trustee or employe of the society.
 Mir. Alexander is requested specifical- ly to give information personally since January 1, 1900, but the committee will go back of that date it he or any other officer knows Of anything worth inves- tigating. In concluding his letter to Mr Alexander Mir Prick said.
 We request you to notify all em- ployes of the society that no one need fear to fully and frankly inform the committee of any facts within his or her knowledge touching the matter or our inquiries. We will see that no per son suffers for giving us information.
 We intend to investigate the entire management of the society. The intor- nation we receive from you and through you from all the other omcers of the society and heads or depart ments and employees will be thoroughly analysed and in addition we also intend to make separate and independent e%' aminations of pur own and by our ex- perts.
 Our work will be thoroughly done. and any officer or employe of the socle- ty can now best serve 1t by helping us