Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-06-03
And Prick Resigns from
Equitable Dictatorship.
Hyde Requested to Divest Him.
self Of Control Of Stock.
Directors will Reorganize- Chairman Will
Have Full Control Of Affairs.

| New York, June 2.-Disputed claims
OF victory by the conflicting factions in
| the Equitable Life Assurance Society,
| and an apparent REIMBURSEMENT of in
| terests. marked the meetings of the d.
| rectors of the society held, today, for
the purpose of passing Oh the report of
| the COMMITTEES of seven, Of which II. c.
Prick is the chairman.
Tho only positive results of the meet
ing, of which officials announcement Is
made was that the report of the Prick
committee was not considered, the
| resignation Of Mr.. Frick from the board
If directors. and tn passage OF the
| resolutions embodied in the following
statement given out by the directors
after the final adjournment:
The board after fun discussion and
after replies on their own lehalf to The
committee by President Alexander and
Vice President Hyde and Vice Presi-
dent Tartell. on motion Of Mr. SchiT,
adopted the following resolutions:
"1)-That a chairman Of the board
be created with plenary Powers over all
departments and affairs of the society.
"G)-That nominating committee
consisting of d. 0. Mills. John A.
Stewart, a. J. Cassatt l.. Jefferson
Coolidge. August Belmont, j. B. Nor
gan, and Robert L. Lincoln be request
ed to report at a meeting of the board
to be called on Wednesday next, can
didate for chairman.
"(3)-That at that meeting of the
board the executive committee be re-
organized ana that appropriate amend
ments to the bylaws should be pre-
pared for submission to that meeting
for the purpose of carrying out these
resolutions.
"O-That James Hazcn Hyde be re-.
quested, within three months, to div.st
himself Of the control of the stock Of
the society, On such terms and conii-
tions as will be satisfactory to him AMI
to the board.
OF the fun board If 81 directors the
following 81 We're present:
J. w. Alexander. Louis Fitzgerald.
'halmcrv NJ. Deptw, II. c. Deming
Cornelius \. Bliss. Thomas d. Jordan.
charles S. Smith. Vice President Sny-
der. Alvin w. krech. William Alexan
der. John ]. McCook. james b. Forgan
I.edyard Blair Brayton Ives, NJ. f. In
gals. James II. Hyde. A. !. CasSatt. f.
Fl. Hartman, jacob II. Schiff. T. Jeffer-
son Coolidge. Gage Z. Tarbell. c. b.
Alexander, Henry c. Frick. J. F. Dena-
varro, NJ. Hartlrey Dodge. Bradish
johnson. Alfred G. Vanderbilt. H. r.
Winthrop. d. o. Mills. George ]. Gould,
George T. Wilson. Thomas T. Eckert.
William F.. Mcintyre, II. NJ. Alexander,
II. c. Haarstick. David II. MoTat.
Joseph T. Low.
The meeting, today, was called for IL |
o'clock. prior to which hour there We're
prOtracted conferences in the offices OF
Mr.. Alexander and Mr.. Hyde. and in the |
Among those who conferred with Mr.. |
Hyde were Senator Depew. Samuel uter-
myer. George Gould. A. w. Krech, W. C. |
Gulliver, Winslow s. Pierce H. G. Haar-
stick. John J. McCOok Bradish johnson,
D. M. Moffatt, II. X. Winthrop. VIM. RI. |
Mcintyre and G. 3. Alexander. Melville |
E. ingalls,. Of the Frick committee. who
called at the office Of f. H. Hartman |
lust before the meeting began. said in |
reply to the inquiry which would probobIy !
be done:
II expect n hot old time
1t was declared by interest friendly to |
Mr.. Hyde that strong efforts would be
made at the meeting to defeat the re-
port of the Frick committee and with
hold 1t from publication. and that Presi- |
dent Alexander and his friends had
joined forces with Mr.. Hyde in supporting
this course
The directors remained In session for |
several hours. the time being taken IN
with statements by President Alexan-
der and Vice President HYDE.