The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-06-05
HYDE PARTY TALKS PLACE..
FIGHT NOW TO CHOKE OFF SUPT.
HZNDRICKSS REPORT. .

lawyer Untermyer says That the Row VIII
Be Settled and That tho Courts VII
BE Asked TO Determine the Owner.
xhip OF the SCI 900 Syndicate Pronts.
Samuel Untermyer, James Il. Hyde's
lawyer. announced last night that the
EQUITABLE row was nearer q settlement
than at any other time since the trouble
began, and that Mr.. Hyde would soon be-
gin prooeedin g In the Supreme Court to
establish the fact that his profits In the
underwriting eyndicates which sold secu-
rites to the Equitable society belong
riehtfully to. him. Here Ia Mr.. Inter.
myers statement:
AT no time since the trouble began has
the prospect for peaceful and permanent
solution. satisfactory to all interests, been
as promising as at the moment. The next
few claysa are likely to see important develop
rants in that direction. Every energy Is
being directed to that end and We are most
sanguine Of results. am not at liberty
to say more at this time, It Is to be hoped
that the directors will meantime assist the
situation.
Acting on legal advice, Mr. Hyde will
shortly begin proceedings to determine
the question OF the syndicate profits that
we're criticized in the Frick report. and
most unjustly co. as We claim. When
The subject is fully understood. I am sure
every rightminded man will agree that
he was morally. as we'll as legally, entitled
10 these profits and that the society had
nothing to do with it.
Whatever else may happen Mr.. Hyde
" III not pause In his determination to secure
r public investigation of these baseless
charges which are so little understood and
which have created such an unreasoning
rrejudice in the public mind. 1t is amazing
on what slim pretext mems honest motives
are mis- judged at times Of public excite
,nent. b,it we are confident tho justice and
fair play will prevail in the end Mr. Hyde
will bide his time.
Mr.. Untermyer refused to intimate along
what line the settlement is being suggested.
From another source it was learned that his
remarks however. do not refer to any settle
ment between hyde and Alexander but to
clearing up Of the general situation. How
that can be accomplished with the Hen
bricks report hanging over the heads Of
the EQUITABLE officers and directors was not
explained
Mr.. Hyde has declared right along tina
he will never consent to the absolute sur
render Of his stock. end those who have
teen conducting the fight for nutualiza-
ton have taken the stand that no PROPOSE
ton with HYDE conditions on the trus-
teeing Of the stock would be anything but
farce. Persons representing the policy
holders interests said that they regarded
A.. IN t. uS-la
TO quiet the feeling in the board of directors
since fridays stormy meeting and to
head Of. if possible, any further resigna-
tions.
Any action ny 1Ir. Hyde in regard to the
syndicate profits would. it Is thought. take
the fonn of an application to have court
determine tho ownership Of the SOL 900
which be has deposited with the society as
profits and which the Frich committee has
decided ought to Re turned into the treasury
Of the society.
1t lie known nov that Mr.. Hyde and his
lawyers are bending every effort to head
off developments at Albany. With the
Frick report out Of the way so far as it's
n acceptance by the board is concerned, and
With all the forces that have opposed the
lyde rule in the society vanquished, Mr..
liyde'E chief causes Of concern are possible
action by State Superintendent Of Insur-
ance Hendricks and the attitude of Gov.
Eggins,
Every power which the Equitable pos
sesses IL being used to FIX" things at Al
rany. one of the Equitable's directors,
who has the reputation Of being con-
ollator. was in conference most Of Satur-
day and large part of yesterday arrang-
ing details OF the Albany campaign.
A despatch from Albany last night said
That Gov. Higgins had been giving much
attention to the Equitable situation and
vas seriously considering the advisability
Of calling the attention Of the Legislature
to the matter at it's extra session.
There is q chance, that the insurance
authorities Of other States will interfere
in the Equitable situation before Supt
Hendricks report is made public. II
has been promised by June is. Some
Of these insurance commissioners have
written to persons connected with the
Equitable since the Frick report was made
public, threatening to come on and open
an investigation on their own hook. Their
contention has been that they had little
faith in any investigation by an insurance
'.cpdTImenL WHICH udn duO"Su kTUeS
irregularities to GO on without censure for
several years.
Five outside commissioners came to New
York several weeks ago with the intention
Of opening independent investigations, but
sfter talk with Supt. Hendricks agreed to
await his report. 1t was said yesterday
tina, several commissioners would probably
arrive in the city within day or two to get
tome light on the work that is being con-
dncted by supt. Hendricks.
The Alexander supporters were up in
arms yesterday over the declaration that
Mr.. Alexander had entered into an offensive
and defensive alliance against the Frick..
Hartman forces with Mr.. Hyde. 1t was
said authoritaively that Mr.. Alexander
had made no advances to Mr.. Hyde and
that he would make none until the mutual
ization Of the society was an accomplished |
fact.
The plan Of paciication which William
Nelson Cromwell proposed for the society
and which was the subject OF long confer
enoes between the Hyde and Alexander