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Show Life Insurance Must Be on Better Basis So Says James J. Hill. Who Denies Friction With Equitable Committee. NEW YORK. April James J HlU, who wos selected by the directors of the Kqoltahle Life Assurance to. let., as oni of the committee to Investigate Into its affairs said today that It waa not true, us reported, that he had refused to act with the committee because of any difference differ-ence f i !. Uon v. lth any of Its members.. .Mr Mill said that his OWD afr.ilrs took i.p to much of ids lime that ho hud no pare momenta to devote to other mat-tern. mat-tern. The liqultable affairs, he added, are a mutter of great importance, and he felt that he muHt decline to serve on the committee unless he could participate In a verj thorough examination of the society's affairs He had no doubt, be Bald, that the commute- headed by Mr. 1'rlck. will leave nothing undone In the examination Mr Mill Huld he f.-lt pome time ago thnt the' time must come when the policyholders policy-holders of the Equitable society would demand a thorough Investigation. He r-ald, also, that as a result of this con-tioversy con-tioversy thi buhies,s of life insurance will be put on a more careful hasls It Is understood thnt Mr. Hill a resignation resig-nation w a.- a. ' i pled b ho I n v.-n t lfjat Ilig commltteo, but there Is no knowledge o4 to whether an other name has been agreed upon as his sucotfiHor Senator Knox, former Attorney -General Of the United States, who Is counsel for the Prick Investigating committee, hold a conference with the committee at the Equitable office- today |