The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1905-06-30
DIRECTORS CHOSEN
FUR IHE EQUITABLE
TO FILL VACANCIES CAUSED BY
RESIGNATION.
All Are Large Policy Holders-Trus
tees Issue Statement Outlining
Future Policy Of the Company.

Future Policy Of the Company.
New York. June 2S.-The trustees of
the majority stock of the Equitable
Life Assurance Society, namely, former
President Grover Cleveland, Supreme
Court Justice Morgan J. O'Brien and
George Westinghouse of Pittsburg, at
their meeting at the Hotel buckingham
this afternoon selected list of nine
men who were recommended as direc-
tors of the society, to fill the vacancies
In the board caused by designations.
Later the board of directors, after ac-
cepting the designations of the % mem
bers of the old board which have been
presented since the scandal in the So
ciety developed, nominated these nine
men to fill positions on the board, and
they will be formally elected at the
next meeting of the board.
rhe new directors are: Il. B. Thomas
OF New York president of the Lehigh
Valley Railroad Co.; f. G.. Bourne of
New York, president of the Singer Man
ufacturing Co.; William Whitman of
Boston, John J. Albright of Buffalo, f,
w. Roebling of Trenton, N. j.; J. b.
Schmidlapp, president of the Union
Savings and Trust Co. of Cincinnati;
Il. w. Robertson, Columbia, S. c.; Jos.
Bryan, Richmond, Va, and Il. w.
Bloomingdale of New York. All of
these men are large policy holders in
the society. They have expressed their
willingness to serve on the board to
which they have been selected their
consent having been secured before the
names were sent to the directors by the
trustees.
Following the election of the new di
rectors, the trustees issued a statement
to the policy holders in which they out
line the future policy of the board, as
it will hereafter be controlled.
The trustees have under considera-
tion the names of large number of
men for the remaining vacancies on the
board. These will be decided upon at
future meeting, but 1t is not likely that
this meeting will be held within fort
night. The election of enough new di-
rectors to insure a quorum in the board
became imperative, and for that rea-
son the nine men were chosen today.
The % directors whose designations
were accepted are: Cornelius N. Bliss,
George II. Squire, Charles Stewart
Smith, James B. Forgan, Brayton Ives,
M. E. ingalls,, A. ]. Cassatt, E. H.
Hartman, Jacob H. Schiff, James j.
Hill, T. Jefferson Coolidge, John Jacob
Astor, Marvin Hughitt, Henry C. Frick,
M. Hartley Dodge, John A. Stewart, A.
G. Vanderbilt, August Belmont, d. o.
Mills, Robert T. Lincoln, John Sloane
and Joseph T. Low.
The meeting of the trustees was
scheduled to begin early this morning,
but the members failed to get together
until after l o'clock. This necessitated
a postpOnement of the meeting of di-
rec:ors, which had been called for
noon There was nothing to come be-
fore tho directors until the recommen-
dations for new directors to be made
by the trustees. The meeting accord
ingly was postponed until late this af
ternoon. When the list of new direc-
tors was presented from the trustees,
the designations of the old directors,
which had been pending for several
weeks, was at once accepted and the
new men placed in nomination.
In the selection of the new directors
an effort was made by the trustees to
see that various interests as we'll as
different localities should be represent
ed on the board. The trustees have re-
ceiyed great deal of correspondence
on this subject, many suggestions of
suitable men having been made by poll
icy holders all over the country. The
nine were selected from among those
recommended in this manner
The directors at their meeting named
a committee consisting Of Alvin w.
Krech, G. e. Tarbell, G. B. Alexander,
Samuel NJ. Inman and V. p Snyder to
call upon Mr. Cleveland and express to
him the thanks of the directors for the
services OF the trustees. Mr.. Cleve-
land waited for the committee at the
Hotel Buckingham. He then left the
hotel, accompanied by DR.. ]. d. Bryan
and e. G. Benedict, and took train for
Buzzard's Bay, where they will enjoy
fishing trip for several days.