The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1905-06-04
GREAT EQUITABLE
WAR IS ENDED
Alexander and Hyde Form an
Alliance
lllllI nF AIN nIIAtnkkAO
Will Be NO CHAIRMAN
OF BOARD WHO WILL CONTROL
WARNING OFFICERS DECIDE
TO QUIT WALL STREET
II AND TEND TO BUSINESS.

New York, June 3.-Overshadowin
all other sensational developments in
the affa RS of the Equitable Life AS
surance society, attendant upon the re-
lection by the directors yesterday
and publication today of the report of
the Frick committee, comes the an
nouncemeut that the controversy be-
tween President Alexander and Vice
President Hyde is at an end and that
they have concluded a defensive and
offensive alliance
VIII Let Wall Street Alone.
The bas $ of this agreement Is re-
ported to be that they should in the
future devote themselves to the in
ieres;s of life insurance and keep all
Nnll Street entanglements out of the
Equitable affairs.
Alexander and Hyde were in con
terence today with friends and advls-
DIS for more than two hours. Deep
In crest attaches to the results of the
unexpected turn Of affairs, the gener-
al inference being that it portends a
very determ ned effort 10 reconcile the
interes of the warning factions and
reestablish direc'l u of the society on
basis at eptablu @ ALL
WI Be nc .na rn,aa.
II waa also ma,ic evident today tha'
t. ere is scan sr'bil ty at he re
solution of the directors yes erday tC
create tbo ofFoo ~ a ohatr,,a, ~ ,
hoard with plenary power over all de
partments AMI affairs OF the society
VII ever tie pnt into effect This Is
indicated by he marked disinclinatior
of several members Of the COMMITTEES
appointed to nominate chairman Il
serve on the committee.
After conference between Alexan
der aud Hyde it was reported that Ro
bert r. Lincoln had been agreed upol
by them as the man best qualified t.
assume the Craftsmanship Of the boart
Of directors.
The Frick Report.
The prominent features of the Fricl
report about which there was bound
less speculation when 1t was practi
cally rejected and suppressed at tn
meeting yesterday, proved when pul
lished today to follow closely the ou,
lines forecasted several days ago. Bot
Alexander and Hyde are severely crit
icised In the report, VIII ch declare
that, assuming Hyde to he guilty @
the things charged by Alexander. tn
latter is "cupably negligent in az
qu' escing in them for so long perio
and in not bringing them to the after
tion Of the directors
AleNander's Roast of Hyde.
Among TIE features of the report
d letter from Alexander devoted |
part TO reiteration of his charge
against Hyde, who was enabled to b,
come director in many corporation
by reason of the fact that large quar-
titles Of the stock belonging TO the 81
ciety were held in mis- name. Con
menting on letter from Hyde, givin
details of profits result ng from syl
dlcate operations, the report, while a,
hitting that the society had profile
by the transactions, declares the o
iicials in the syndicate to have bee
guilty of breaches of trust and pr
priaty in SO dealing with a corporatio
which they were serving.
Hyde's Lawyers Issue Statement.
Counsel for Hyde issued today
long statement, defining Hydes pos
tion in reference to the attacks O
him. The statement covers detail
of numerous stock purchases allege
by Alexander to have been made
the instance Of Hyde without consu
taton with any members OF the s.
ciety and declares them to have bee
approved at meeting of the finant
committee at which Alexander WI
present. Hyde reterates his charg,
that Alexander consp're against hi
with the design Of ousting him fro
his position and obtaining control
the society its.lf
Alexander Issues Statement.
President Alexander issued loI
statement defending himself again
the charges of those opposing him al
expla ming In detail the various fina
Wal tIuusdCtitnS III WhiSh HS w
part.
1t became known hate tonight tn
Second Vice-President Tarbell, In 1
course of his address before the dir'
'ors yesterday, said among 9th
things:
Our business for May will be abe
light millions less than in May
last year, and am Of the opini
i..at our examinations for the mon
will be greater than our entire loss
so that we will have less outstandi
insurance at the end OF May than
had at the beginning"