New-York tribune., 1905-06-23

r,,ovr of any reason for its acceptance, thousi'
Do you?" rod
..I knew all along" he added, that I no.
never profted dollar or expended oohai '.
the Eouitable's money wrongfully. ana tia'
,--,a,,lodga made me feel confident even wheh
,b,,es looked the darkest The EquiIapie
,,,, first love. and have given her the yes
-. of ,,,,. 1abors for twenty-five years. Ac-
-. =, tho renort remains with higher powers
.-, ;5ea of If is that no guilty man shouio Oo
..i.ta5 70 escape the punishment ne ue
serves
cr.rEnrENTs FROM DIRECTORS
-,o Squire declared last night that he
- believed and still believed that the JAMES
- 1z,sa and Associates transactions IN "iiioA
- sbared were strictly honest and legai.
..If This was not my belief said hr. sauire
.r sbouls never have consented to any psi
patton ..a+ he had re-
tired from the company, but was sun
.a1 a salary of $4,000 year .o.;or
-iiS " Notoher 81 1904 after serious opela'iUIt ~
tsS been perforuned on Mr.. Squire JatneS er-
IJz.,e sent Mr.. Squire letter 7So,ted
tracts from resolutions unanlIhooSiSS The
t ps ~ ayecutiye committee that day,
,ssolutions after expressing apr - CON
Mr. Souire's services 10 the soCIc'' Sc,,ira
sn1a,ces on the operation, granted AT SUM-
"a Vacation until March on tuIl pay NJ
..goTyever. on or about March l.. sait - NJ NJ
eyarllfiye committee ICSOA'N~
tain me indefinitely Is financial na.i@sv ss+. - an
e5I-ieorv capacity at a salary not even -
proaching $4,000. as reported @ heIiS Sroi1taS
T1s-sn+bron had in the mean time been appolll'e.
si MintntT tTp ,nsnager neo The report that was 10
have been engaged in the proke5a;e pr5s; am
Is likewise utterly without IouIra1 ,s:, - ser-
NOT enga ged in any business, hoiulns IA!
zices entirely at the disposal of the EqultaOie
SAYS STOCK CAN'T BE ELIMINATED
An Eouitable official told Tribune reporter
1aet night that the elimination of the STOCK as
,,onosed bv Superiatendent Hendricks was 10
all practical intents al: impossibility.
lyon would never be able to obtain the con-
sent of all the stock" said he, and short oI
this not even the legislature mas authoii i,S,
Superintendent Hendricks suggests that lne
stock be bought at reasonable rate commeh-
surate with its dividend paying power: Mhae
Yyould IT be worth a sharer $3.50? Yet Mr. Ryan
raid s. 600 share AS to standardizing the
Touitahle's investments, the Equitable oughl
rot 10 be Disseminated against in favor or any
other life insurance company. AS IL is the pros
Terity Of the society speaks volumes for tne
nature Of the investments as they stand sOailu-
ardized or not"
The table in the Hendricks report setting
forth the salaries paid to executive omcers
brought out the statement that four OF the men
named ~ receiving salaries were no longer con-
,lectsJ Kim The F,onifable E w Lambert chief
medical director appeared in the report as re-
ceiving a salary OF $4,000 for 1905. Mr Lam
bert died thirteen months ago Edward Curtis.
another medical examiner who was listed az re-
ceiving $4,000 year, resigned eighteen months
ago
J. B Loring was named an assistant regis
ter, receiving So 500 year, although he resigned
In April, 1903.
None of the society's officials would say a
word about these statements for publication
although some of them denied the truth Ihorl-
as D. Jordan, the coptroler, was the only man
who could speak with authority the officials
said. Mr. Jordan not at his office.
Charles Stewart Smith. director, who was
prominent in advocating reforms in the manage
nent, said that the Hendricks report was most
thorough and seemed to strike at the root OF all
the abuses He thought Mr.. Morton was an
able energetic man who would be able TO handle
the reorganization. and with superintendent
Hendricks would work out clean business