The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-07-14
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management Of the Equitable Life Assur-
| ance Society and OF the insurance helc
| In general. The Governor still believes
that the investigation conducted by Supt.
Hendricks. when completed, will show a
thoroughness which will be satisfactory.
The question Of an investigation OF in
surance matters still agitates the minds OF
many members of the Legislature and the
| subject has been more than ever com
mented upon since the Odell interview OF
yesterday favoring legislative investi-
cation at once.
Senator Marks (Tam), at the conclusion
Of the Hooker investigation, will seek to
introduce the resolution which he unsuc-
cessfully sought to introduce on the first day
of the extra session, requesting the Governor
to ask the Legislature to investigate the
Equitable. Some OF the Odell members go
so far "a to say that the situation may be-
come 80 tense that the Legislature will pass
such resolution.
Attorney General Mayer has read over
once the Thousand typewriter pages of
testimony taken by Supt. Hendricks In the
Equitable investigation. He Is to read
clusion a. TO what course he will take.
Tonight the Attorney General made
public his copy Of the Equitable testimony.
1t does not show that Edward II. Hartman
was examined by Supt. Hendricks. The
why or wherefore of this cannot be learned
as q director of the Equitable before Supt.
Hendricks was ready to examine him.
The testimony shows that for years the
officers Of the Equitable in order to secure
their corporations exemption from taxa
ton made affidavit for fling with the New
York city Tax Commissioner that accumu-
lations of the society are held for the benefit
of the assured, no surplus earnings belong
ing to stockholders. This was disclosed In
the testimony Of John McGliness, who for
position under Comptroller Jordan. At his
examination, by Supt. Hendricks he pro-
duced book OF affidavits made by officers
of the society annually from 1850. These
questions and answers appear In the rec
ord
the afiidavit Of 1875 Here the maine Of the
society is stated In fnli This is, for instance.
delivered to the
hle Life Assurance Society OF the Tinted
ment; NO surplus earnings belonging to
sstockholders" This arrears in this book
% and sssrsy n q the sesr 1854
In substantially the same form Of affidavit
and and inGlndnR the , same statement; namely.
plus tdIHlukb 10 stOch-
holders verified by Henry B. Hyde. presi-
g. In 1885 II was verified BY James ".
1888. 1889. 1891. verified by John A. Mccall
coenptrol!er and a again verified in 1892. 1893
comptroller. A. Yes. sir.
1t was then shown that in 1897 different
form OF affidavit was used. In 1t was the
declaration: Accommodations Of the soci-
ETY. are held for the benefit OF the assured
nv.l ko,r et<Nv%
sos, Laws Of 1895, Of New York The same
form Of answer is contained in the fflda Wits
for 1897. 1893, 1899, 1900. 1901. 1902 1908,
1904 and 1905. all Of which are verified by
Thomas D. Jordan.
=, Assistant Secretary Henry Rogers Win
throp told how he turned over to Mr.. Hyde
all dividends on the stock registered in
his name and which constituted his quail
fcation az a director. His examination
went on thus:
O., What minute H. there with reference
81 200. 600, Western Maryland. Syndicate at
en and Interest was reported e the finance
Ing Messrs Me Stsee so ii Depew,
MT' Moi"tyTe. Who Was Sc Secretary es at the the
time.
Q. There Is a sale on Jan, 3. 1909. Of 100
was this sale approved A.. find 100 shares
sas bs st sch rss sS4s
Jordan. Snyder and the president.
q, Does IL show whom they were sold to?
A. No. II does not show here.
@. 1t appears it was sold to Mr.. Hartman
on Jan. 3: A., In making UP these sheets
yaas hsys
executive committee authorization.
I. developed to-day that District At
torney Jerome made request of Supt.
Hendricks for copy of the Equitable
testimony through Gov. Higgins. The
Governor sent the correspondence to Supt
but it was not brought to his
because OF the pressure OF work
in preparing the final report on the investi-
CATION.