New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-05-29
> SIS. 7ss. o15 80. and are fully

,..o.- .,,,,,..a 20 s,ss7ss o15 SO. and are fully
% ay tested the clerical accuracy of the i
certified oy q7a 1s GA 20 and ex-
eas ma. required by the Insurance Depa 81, M I'd
The state q New Dr YST sy d 5ae ssh for other
liabilities find that there wss JH for dividends
- ne rtSctnafnl- policies Gncluding oeieiae er,,,ls
eend policies the end OF their This balance
exceeds that claimed by the company III '''
TPSrt General administration OF the company Is d
organized. its managemeht rsniIIms are effective
&c ad ecn5onl.csi and its books and RECORDS are
and accurately kept
Then follows a balance sheet Inc So
shown are s2967 go 80 more than those siio""
-, ,,,o balance sheet prepared by the company
" u ao~..,,,.r n 1906 At that time how
q - - tool, value SSH 996. 800 of the bonds
se,a INV the company was used in figuring up
- 80, assets. although il was stated in
-. ,t,, the market value of the same was
s292 az 367 In the balance sheet presented
-.ss,.r5av th. value OF the bonds is given as
s323 s44 $50 % adding TO the assets neaflE 60
ooaoao This is the market value of the bonds
although slightly in excess OF the market value
given il the company's balance sheet
The. report Of the accountants values lhe feAi
estate as follows;
onHoe buildings: .e,o, sec 10
Pon'eg.ieb 69iie1rsS - zoo Isl 90
Other resI estate. lsoeo-O
s.sses7e 90
This is a decrease from the valuation nlaoe oS
the company which was sl402lS6S 1hefe are
also some other reductions, which bring me IN
in the total assets obtained ~ ,,96er
valuation Of the bonds down to niue uiiuei
The report of the public accountants. when len
was made without the cooperation Oh aii! ~ -
officials Of the company. will be sent 10 al lhe
policyhOlders at once.
WANT INJUNCTION MODIFIED.
I, was said yesterday that the application for
modification OF the injunction granted last
year TO Franklin 3. Lord, stopping the plan OF
James HAGEN HYDE for the naturalization OF the
Equitable. would be made to-day. The applica-
fio, will be made by Alexander & Green as at
tornevs of record. 1t is understood that counsel
for Mr Lord and other minority stockholders
will oppose the modification. which is needed IN
order TO put into effect the plan OF THOMAS r
Ryan for a partial naturalization OF the com
The story of tie disappearance Of the books
ard records of the supply department OF the
Mutual il was given yesterday is as ioIoMs'
sVT,eD The Armstrong committee in session
END after the trustees had appointed a self
investigating committee. headed by William IL
Truesdale DIR. Walter r. Gillette, then one OF
the vice-presidents Of the company, summoned
one Of the head clerks OF the supply department
The clerk was told, il is said, that he was TO
see that the Truesdale committee did not learn
any Thing detrimental 10 the supply department
With an excess of zeal the clerk Immediately
packed up most of the books and records in
illree large boxes and had Them shipped TO
Hartsdale. -. 7.
Later the clerk Was summoned by the Arm
strong committee. bit did not respond. lie did
get frightened. however. and had the boxes sent
back to the city and delivered TO the stationery
firm Of LysaEder ". Lawrence < Co. who
stored them away. There they remained until
The clerk told the story to the insurance grand
5ury about ter days ago. Then District Attorney
Jerome called LysandeT w Lawrence & Co
70 produce the books and they taken TO
the Criminal Courts Building. Officials Of the
Mutual heard Of the finding of the books and,
calling the clerk. got the story from him He
Immediately resigned his place IL the supply
department IL is said he was not a witness
before the Trues6ale committee These books
u is said are extremely valuable as showing
Just how fho money of the Mutual was dissi-
fa1ed through the supply department.