The Montgomery advertiser., 1905-06-09
LOOKING FOR
 A CHAIRMAN Morton and Porter Men tiOned For Place. THE EQUITABLE'S WOES Alexander and Hyde Before
 Hendricks. Robert T. Lincoln, Another Direotor> Resigns from the Board--M. n. Ingalls, Cancels His Bis PoI-
 fey For sSo,eoo.

New York. June s.--The nominating committee appointed by the directors of the Equitable Life Assurances socie- ty to name chairman of the board who will direct the affairs of the soci- ety met today but adjourned until to- morrow without definite action, it was learned. other than the dismissal of the name of Judge George Gray of Deia- ware in connection with the chairman- ship. The adjourned meeting of the board will be resumed at 1 o'clock to- morrow at which time report from the nominating committee is expected.
 It Is understood that among the names under consideration were those of Paul Morton who is soon to retire as Secretary of the Navy and General Horace Porter former Ambassador to France.
 President J. w. Alexander and Vice President J. H. B. Hyde were examined today by State Superintendent of Insu- rance Hendricks whose inquiry into the affairs of the Society is drawing to a close.
 Among the developments of the day were the announced resignation of Robert T. Lincoln from the board of di- rectors the cancellation of a. $5o.e00 policy by M. E. Ingalls,, recently re- signed as a director. and statement by A. W, Krech. President of the Equi- table Trust Company. and a director of the Equitable Life. that there was no truth in the report that the inquiry of the State Insurance Department would show a new impropriety involving SIG, 0,0o0.000
 Krech's Statement.
 Alvin w. Krech. president of the Equitable Trust Company and auditor of the Equitable Life Assurance Socfe- ty. made statement today with refer ence to a story printed to the effect that at yesterdays meeting of tho directors of the Equitable a man inti- mated that representative of the State insurance would show new improprie- ty involving s1o.o0o,ooo. MT. Krech said:
 sThere is absolutely no truth in the statement. No mention of an impro- priety involving s1o,O00.0e0 was made at the meeting of the directors Wednes- day. know absolutely nothing of q SIG. 100000 scandal in which the Euuita- bIe Trust Company of New York has the stigtest connection"
 August Belmont. Senator Chauucey NJ. Depew and David H. Moffat, threa of the five members of the committee appointed to name q chairman for the board of directors. were in conference In President Alexander's office today.
 The committee adjourned after a brief session until tomorrow without definite action except, 1t was learned, the final dismissal of Judge Grays name from consideration in connection with the chairmanship. It is under stood the name of Paul Morton, Secre- tary of the Navy was suggested, but that Mir. Morton had not been confer red with regarding the matter.
 A letter was received here today by a former Equitable director from Mel- vile E. Ingalls,, in which Mir. Ingalls, announced that $5O,0O0 policy held by him in the Equitable had been can celled. After MT. Ingalls, had resign ed as a director he said any further action taken by him would be as a
 The report that Robert T. Lincoln has resigned as a director of the Equitable Society Is correct. but it is understood that MT. Lincoln's resigna- tion has not yet been accepted and efforts are being made to induce him to withdraw 1t.