The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-02-16

battle for the con rol Of the Eqrr able
I.f. Assurance Society is iAclyto be fought
tls al-ruoCn, wien a sIC cial meeting
If lie board Of dire tors will De held 10
t-c' oaccrs. The followers Of President
lmcs " Alsxcndtr Will line up eGeins'
f.e forces Of Vice Pre- s!dent James Hazen
Hr4o in an attempt TO gain what they
have demanded in a pei ion signed ty
most Of tho officials of the society the
p ircmcnt Of Mr. Hyde end the enfIan-
cl!smont Of the pclcyholdors.
Considering the fact that Mr.. Hyde and
his mother and eis'er own 81 per cent. Of
the s ock Of company whica lie CAPT allied
q, only $4,000, hut which has assets Of
og,r s.C0tt0.lC0. and that their control
of the stock is believed TO extend far be-
vond neco ssary majority; considering
The none airy rength Of the men involved
on hotn sides and the POSSIBLE lee of O.
revolution in the financial affairs Of an
Insurance company which has Geo, GO
poHcyscldcrs. the 81 ua,ion has become
one which Wall Street and the whole cCun-
Try wa' ches with interest
Jan e= HGzen Hyde, who Is known even
among these who don't watch their ticker
or insure Their lives as the g!ver Of the
famous ncv dress II at Sherry :. is
asked a the &c cf -, to give up his p1ce
efttucr in the &C mTLny Il unded by Henry
3, a7gn Hyde, his fLther, because c.
c,rliug 70 the etition of ofliceho lders in
tle cl.urluy. his recectlon AZ vlce reS.-
dent md Gctlng president in the absence
II the rres. dent. with I'll the / overs he
his exercised. would be most prejudici !
10 the self,-re and RI gress OF he e clety
and the 90 nserv,.ticn q the trust funds
led FOR the benefit Of our POLICY holders.
His prominence Ia Y .r.ous w~ys and his
ac,s as yioe-r resident are SUCH the peti-
titners declare as to cre~te mlsGivngs
as 10 the &C nserv tism cf the society's
MN. geu ent and injure it, business. Then
II is sked that the over to elect the beard
a disectors be transferred from the ste OK
h, .Gers to the clcyhclders, e, oh holder
OF g eco clicy 10 nave one vote.
HYDE MEN SAY THEY HAVE THz VOTES.
such is the state Of affairs which the
directors OF the Equitable face to-day
flity-tso names are in the directorate,
but enc Of t.ese, William II. Baldwin, Jr.,
is dead Two or three Others, including
Lew p. Morton and Jane j. Hi, are absent
from the city There we're 4 dozen gussses
Yesterday as TO the numbers which each
side would be able TO marshal. II was as
serted by one OF Mr.. Hyde's followers Z ct
the ice-president would have tlirty-eigLt
votes. in ,iud.u; his own. The list Was
given out a. follows:
Louis Fitzgerald Chauncey u. Depew.
William 4 Whcc.ock. II C. Deming. Cornelius
y Bliss. George II Squire. c. B. Alexander.
y. Snyder \ j Cassatt. John Jacob Asfor,
Johnson. II Hartley Dodge. D. . Nils.
George 7 Wilson, + De Wit CUyler \, W,
Kreth j s. De Navarro. NJ L. .lngais, James
Charles stewart smith, Henry G frick, Joha
j MoLook. n C. bgarstlck. David I. Mohat.
an an AIRED q faaderblt / Jefferson Cool
idge August Belmont ihomas Ecker.
c Lsiyard blaE. Joseph I. Low. h n Mh-
hrop.
This was not canvass, but an estimate.
Some Of q directors were put on tie LIST
because Of known personal friendship Tor
Mr Hyde. The roster Of those supposed
by hyde men to be solid for tie cause
81 President Alexander was as follows
Thomas Jordan. samuel NJ. lnman.
lohu A stew art, lon"rt Lincoln, cage L.
g4el. Marvai Hugntt II. VI AeAah der.
Van hors James b ForgaI. j. W Al X
ALder, George i wilson.
lhc HYDE forces clGuDed none q thes
whLe the Alex. nGeT rGuy insisted that
the m icrty list V uld be proved incorrect
a. ted. We meeting
PRESIDENT ALEXANDER STATES TIE CASE.
lhcse vino wish to have Slr Hyde re-
tdned IN his present FOsition-or be ele-
v-ted--epIe red 70 be C, cKsure Of l. sic
IN .outy he Alex nder t. loving, Whine
rft 30 * ec.tic as 10 its strength, expressed
confidence m = victory Tor Ito : eiltC n.
President Alex nder himself issued his
FL. tement Yesterday morning
50 much h-s'JeCCne uUnc, contrary to
nv wishes md efforts ccrcermng the move
L. .
LgmtGble Lite Assurance s. Getty the q n.
u ! u the ccml my that statement q
the fcsit!Cn CT the cMcers has become
necessary.
The clicy hclders need have no anxiety
about the resent c, U0IuCn a the g
c.ety. IS sTT @. - frfnI a re- dlug II It's
Gnnu u ten. ent just published.
he present n.CYeI ent 10 tor the TurTcse
Of Preserving through al future tine Is
strength 10 rcs erity by utting the
Fewer a 70 ting for directors where II be-
.gng,, namely, IN the Jenehci ! owners Il
the conn -ny--the cicy hcluers.
~ now rests q SITE. 60 stt ck cal IT. !.
majority Cf winch is under the c. ntr0l Of
jan Is u Hyoe. the Vlce-T resident.
1t needs no trgIn ent 20 demo nstrHte
ih.t such rover IA the b. nds OF me nan
g r lCht with d niger N the future.
Eminent q unset, uclv, M!lhsm Il.
Hclu-l Yer. Will, N q. Guthrie, Adrian
II d line former Judge william y. Cchen
oL- NL--l r IlAt7i4'i7 lt-f - h4ft'a GU W
! ,h-t there Is O. re edy by act. OF the
bo-rI &C directors VINO leg. lly ana
@ nstltuti, nally go an end the c. rter 20
10 invest tue obey holders with the night
o. vote.
i-v beard has been advised by all the
oflcer, 81 the sCc.ety except Jour, who are
attached necessarily TO the interests OF
t1e present owner OF a majority Of the
stock that tie enfanchlsement Of the
policy holders Is neces AIRY. and at the next
.GeeLnc Of the bead the question VIII
come up for decision.
All imputerons Of personal motive 10
nysaf and nv brother officers are attempts
20 cloud ns main question, and nave no
basis In fact.
The movement was not begun until II
was Known tnat the opinion Of the best
r.n1s in life ins,u ance, the experienced
heads 81 Insurance departments gave
AID disinterest ted directors Of the conn any,
and practically the unanimous judgment
oi he veteran officers Of the society, al
demanded 2 change 70 the naiul al and
rrnt.ul owners Of the more than $500 OCO.oCo
o' assets and 81 .COC0o GO OF insui lnce- a
re control Of those vast interests now held
D. one man. vita all the possibilities III
vo vi in such an indefeusible position.
al talk 81 factions Is dclus!ve upd
~ eaiLrg The so-Callcd faction is the
LCdT % experienced oficcrs many Of them
81 The service Of the soclety for twenty,
'1gty and even fOtty years, the whole