Daily press. [volume] (Newport News, Va.) 1896-current, 1905-08-01
HIS ARRANGEMENT IS SEVERE
Complaint Set Forth all the Shady
Transactions Referred to in rric,s
and Hendricks Reports and Asks
Supreme Court For Rcicf-wants
of'cers to Pay Back Illegal Profits.
tBy Associated Press,


NEW YORK. July 3I.-Actiou was
Instituted today by State Attorney Cen.
efal Mayer. in the Supreme Cour,
New York county. in the name OF tho
people OF the State Of New YnrK
against tho Equitable Lite Assur;lut.
SDciety, us officers, directors and
members of the executive and finance
committees. all of which are named in
the complaint. The defendants arc:
The Equitable Life Assurance So.
c'ciy ol the United States. and James
W. Alexander, Louis Fitzgerald
Chauncry Nj. Dcpcw. Henry c. Dem
ing, Cornelius y. Bliss, George II.
Squire, Thomas H. Jordan. Charles $.
Smith. Valentine p. Snyder. Alvin w.
krcch, William Alexander. John j.
McCock, James h. l'organ. c. l.cdyarI
blair, Brayion Ives, Melville II. In
calls, James II. Hyde. Alexander j.
Cassatt, Jacob II. Schim. James !.
Hill. I. Jefferson Coolidge, Alfred g.
Vanderbilt. John Jacob Astor, VIM. c.
Van Horne, Gage l.. Tarbcll Marvi,,
lluShiit Chas. h. Alexander. Thomas
de Wit Cnylcr, Marcelus Hart
ley Dodge, LOSE r. nrNarro. Brady
{ Juhnson, Joseph L. LOW, John ~: stew.
: art. Edward II. Hartman. Levi p.
Morton, August Belmont, Darius o.
Mills. Robert Il. Lincoln. George j.
Gould, John Sloane, George r. Wilson,
Thomas T. l:ckcr. VIM. II. Mcintyre,
Henry NJ. Alexander, Henry G. Frick,
Samuel NJ. Inman. Henry c. lIaar-
stick. David II. Moifatt. ana Henry w.
Winthrop.
Held Hartmann Back
Edward H. Hartman on the eve of
his departure for Japan, accepted ser
vice of the summons ami today many
other defendants, including James H..
Hyde, were served through their pri-
vatc comnscl. The defendant are al
lowed twenty days to file answer.
The complaint refers 10 the FricK
committee report and The invcsiiga-
lion made by State Superintendent OF
Insurance Hendricks and is based on
information and belief.
The complaint asks that the dcfcn-
dants. except the society itself, account
agemcnt and disposition of the funds
and property committed to their
charge
That they pay the Equitable society
Al Of
eriy, any OF them have acquired 10
themselves, or transferred To others,
or lost. or wasted, by violation of
their duties"
directors or officer in The Equitable
society. npon proof OF misconduct. he
removed and IA new election held by
the board of the society to supply the
vacancy.
Surplus or Policyholders.
That the surplus of the society, af-
ter dcducting sufficient to cover all
outstanding risks and obligations, be
paid To or credited to Or applied for
the benefit of the present policyhol1-
ers in Equitable proportions, in accnr,l-
ancc with The charter and with law
and asks any further relief as may BE-
just, equitable and profitable.
The complaint charges that the IN
dividual defendants, as directors neg
ligcntly, improperly and improvidcn!ly
performed such duties and have habit
ually and continually done ar suffered
to he done, wrongful, Illegal and I'M
proper acts" causing great loss ami
damage to the society.
The defendants are further charged
with having acquired, or with permit
ting the transfer TO others. money
property" etc, of the society.
Dealing with the lease Of premises
in New York to the Mercantile sale
Deposit Company, the complain, says
that rental was Inadequate and disad
vantagcous TO the Equitable Society
that James II. Hyde, Alexander Tar
bell and other defendants were dircc