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Show REALTY VALUES SHRINK Experts "Will Investigate the Property of tho Equitable NEW TORE. Aug. i. Two experts have ben appointed by President Paul Morton to value every piece of real estate In which the Equitablo Llfo Assura&co society has an interest, in-terest, says the Tribuno today. Ho Is stated, to havo takon this action yesterday when he receivod tho reports of export accountants. Theo reports, it is alleged, indicate tho possibility pos-sibility of extonsivo over-valuation. Tho so-oloty so-oloty owns. In thla country and abroad, real estate valued at approximately 136,000,000. According Ac-cording to tho Tribuno it Is thought possible, that this amount will havo to bo reduced, walla tho valuation on parcels on whloh loans aro outstanding may havo to bo reduced by at least 10 por cent. The lost roport to the State Insurance department de-partment gave tho valuo of real estate owned by tho society at J35,SiS,W7. Of this mm bulldlngo occuplod by tho Society In New York, Boston St. Louts, Dos Moines, Donver. Memphis, and In Paris. France: Madrid, Spain; Vienna, Austria; Berlin, Prussia; Santiago San-tiago de Chile, City of Mexico, Sidney, N. 8. W , and Melboumo, Australia, are stated to bo worth $31.&T3,150. whllo buildings in New York city. Jersey City. Mllford. N. Y.. West Orange, Plscataway. Bayonno and Dergen Point, N. J., arc valued at over W.COO.OOO. President Morton today appointed Douglas Robinson of Now York, a brothcr-ln-law of President Roosevelt, special appraiser to make a thorough examination of the real ostate owned by tho company. |