New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-06-02
TO FIGHT E. II. HARTMAN
Continued from FIRST page

-sno-t Numerous parties whose names nave
49,, identified with transactions in the con-
..s,- have bcen ignored. The plan was ~
,.,ora the transactions of Mr.. Schih anu ii''
err, Kuhn Loeb & Co, and OF Mr.. faai ~,
end his Union Pacific holding syndlcateS
che aroegeration of trivial things ana lsIOii Ne
+be acts of other directors. whose No'o' -
Wooded for the confirmation of the repoi|
80, Mr. Alexander the chief obstacle 10 Inv
NOW control from office and to remove MI 80
because the acquiescence in the removal "a
Alexander could not have been secuieu
r,e,,,bers without the removal OF MT
Hyde. ,ro,-ast
= e understood that one of the graVeS'
- --asor+od 70 the committee was the
Union Pacific holding syndicate. that lhe 80 nc
.,,+ors ,n this transaction were Jacob IL Schlh
end his firm. and the chief beneficiary was T.
Iy r1arrin,an If this plan for control shouio Oe
,orriad through the six hundred liioUS'',a
,,olicvholders and the American pupilc VIZ
he treated to the spectacle OF me" VIZ p
.ics,ated in and profited by TRANSACTIONS
.be F,ouitable judging and attemplihs ~
,o,,a from Office President Alexander INC -
Who first exposed them, and securlns
,,rice of his removal the elimination %
HYDE. who protected them ...ob,a
The Prick report suggests that the Equi'aOie
,,o,icies and adopt the annual payment sSs'ei
r,oi5a,t Alexander James Hazen Hyoe anu
<.oorgo T TarbeI alI meet with censure' ou'
49, oo,,,,oit+ee neither demands nor RECON-
,ands,, their removal In fact. the coIiiii'
,,,ol-ee no recommendations. leaving them lo-
.be board of directors TO make as II may -
caneraI extravaganza along certain lines Is
,o5 1-ice-President Tarbell being particu-
- accused of it. No charge Of dlshohesoS'
ton,aver is made against Mr., Taroeh- me
committee believes that certain saiaIleS
he reduced in all by at least Sloo'VVo-
The feature of the report concerning the De
s,iza,5 oavnnent policies is considered
Of far-reaching Importance to the lisul "ii0e -
te-..,e throughout the country. What the aoop-
+tor, of this clause would mean to the hqullS'pie
,.,, Ia inferred from the statement H1aue III ~
enrance circles yesterday that slN-SeNeit'
+ta -eceInts of the Equitable are now ueit
from, this class of insurance, ana Ihal
.r the Eouitsble's surplus is set ASIDE ior 'ii'
satisfaction of these claims
When this clause of the report was ie11
tre trustees on wednesday 1t Is saio 10 -"
-. ,i++Ia less than CONSERVATION the SO
c,atv,s officials declaring that the aoop'io" -
10 .,,eqes+ion would force the Equltaoie u
zr largo norton OF its agency plant
and reorganize the whole business WITHIN MAJ
-, limitations In general insurance Circles
.,a oninion was expressed that the adoption OF
this plan would revolutionize not only t,ie
Fouitab le's business. but SCORER or ia1et te
entire life insurance business Throughout '-'o
United States. . oe,sure
In view Of the committees strong censu lo n;
Mr.. Alexander, Mr.. Hyde and MI laroeii
yesterday submitted their rep!ies' ;+.o II,
In his reply submitted TO the col CON tIr r.
answer TO the charges of extravaganza, MI Tar
he'll defended his methods by the statement Iiiau
the assets of the society were TO-DAY seeet 49, "
eje,+ times greater than they would nave oeeh
had he conducted a straight policy business
ard the surplus showed a corresponding III