The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-05-16
HYDE'S OFFER TO CORTELYOU.
ASKS HIM IF HE WOULD TAKE
PORTABLE PRESIDENCY.
Frlck Committee 10 begin an Oral Ex.
animation To-day-Alexande and
Hyde to He Questioned Ftrst-Hen.
bricks to Resume Ills Inyestiga ton.

has written to Postmaster-G General Cortel-
YOU asking him whether he would accept
the presidency Of the Equitable Life As
surance Society If it were offered to him.
Mr.. Hyde's letter is undoubtedly the basis
Of the reports persistently circulated re-
Gently that Mr.. Cortelyou is to succeed
James ". Alexander as head Of the institu-
ton.
1t has been said authoritatively for Mr..
Cortelyou that there was no ground for
these reports except that he had been APP
preached by persons who admitted that
they had no authority to make an offer
of the presidency. Mr.. Hyde is, OF course,
without authority, so far as any action
Of the board of directors is concerned,
but he is the holder OF a majority OF the
rock and has several times demonstrated
his control Of the board.
Behind Mr.. Hyde in the effort to get Mr..
Cortelyou are Chairman H. C. Frick Of
the Eautable's elf-investgating COM
mittee and Senator Philander c. Knox.
counsel for the committee, What reply
the Postmaster General made to Mr. Hyde
was not learned yesterday.
The Prick committee, following the ex
ample set by State Superintendent OF In
surance Hendricks, will begin an oral ex-
animation Of officers and directors of the
Equitable to-day. Senator Knox will
probably conduct the examination, which
will be under oath and, it is believed, fully
AZ severe as the one conducted by Mr..
Hendricks.
President Alexander and Vioe-President
HYDE will be the first persons examined.
10 Lr;o foo q ha
rectors against whom charges have been
made, one candidate would be Z. H. Harri
man. Mr.. Hartman Is a member Of the
committee.
There are now only three persons on
the committee besides Mr. Prick and MIR.
Hartman. They are Cornelius n. Bliss,
Brayton Ives and Melville E. Ingalls,.
Supt. Hendricks will resume his ex-
animation to-day or tomorrow. Fourth
yice-President W. H. Mcintyre will be
the next man on the rack and then will
come Gage Z. Tarbell, followed by Jacob
II. SchifY and E. H. Hartman. In his eN-
animation Mr.; Hendricks VIII 60 into the
ton not only with the Equitable Life, but
with it's chief subsidiary companies
Following the charge made by Frank H
Platt, counsel for the policyholders' COM
mittee, against John D. Crimmins, the
commit e's chairman. that Mr.. Crimmins
]opped from the policyholdcrs' side to hat
OF MIR. HYDE after be had had several private
conferences with Z. H. Hartman, GAME the
announcement by other members of the
committee Yesterday that in their opinion
its days Of usefulness were about over and
that it might as we'll disband, in view OF the
inharmonious relations bet ween Mr.. Grim
Minis and Mr.. Plat.
TT Ia not true" said Henry Morgent hau.
that have withdrawn from the commit
tee. We haven't had a meeting in several
weeks but think that after what has been
published in the papers lately we ought to
hold one soon"
Mr.. Morgenthau denied that sIr, Grim
Minis or Mr.. Plat was speaking for the com
mittee in the accusations which they had
made against each other.
The fact that a new policyholders' com
NIT ee. representing men who pay into the
society thousands OF dollars each year in
premiums and who are determined that the
present conditions shall be eliminated at any
sacrifice. will probably hurry the Critnmins
committee in its decision to diIband.
H. H. Knowles. the depo-ed superin-
tendent of agencies, last night issued a
statement renewing his attack upon Gage
j.. Tarbe in the matter Of rebates and
declaring that he has in other ways been
wasteful of the polcyhold ei,e' money.
Since the death OF the founder of the
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