Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-04-19
HYDE LOSES.
Equitable Agents Endorse
Pres. Alexander.
And Advise Opening Director.
ate to the PoIicyhoIders.
Hyde Still Accuses Alexander of Shar.
ing Profits Of Deals.

New York. April 1S-After a ses
sion ut the Hotel Savoy, lasting for
early six hours, aside from short re-
Cesses. the two hundred odd managing
agents of the Equitable Life Assuraic.
Society from all over the United States.
adopted resolutions late, this afternoon.
asking the New York State Legislature
to exercise its plcnary power by en-
acting an amendment to the society's
charter" this amendment to give the
olicyholders admission to the di-
re ctOrate OF tie society
The resolutions also provided that a
committee. consisting Of one manager
rom every state in the union. and enc
from Canada. together with az the
managers in New York City. should be
named to visit Governor Higgins and
Superintendent of Insurance Hadricks
and secure their assistance in getting
'he LEGISLATURE to act in the matter.
This committee representing the whole
country will BE- designated before the
agents finally adjourned.
TodaH'S sessions we've reliete with
developments. Several sets of reSolu-
tons We're adopted. President .AleXan-
der made Il brief speech. Vice Prcsi-
,lent Hyde followed him and in the
course of his remarks referred to the
:ale by Second Vice President Tarbe!l
of tn. latter'S interest in the renewal
account of the company. which brought
tortn !; sharp remark from Mr.. Tarbe!l.
Then all three officers left the meet
ing and the agents devoted their time
TO discus sion behind closed doors. A
"a i0lf nd is,r, ,nd n
;ncct again, tomorrow morning.
The first set of resolutions declared
that .hc agents pledged their ''un-
qualified seaport to President Alex
:.ndcr and expressed their entire cor
'.lence that the president will continue
unfaltcrinsly and finish the work of
Capitalization that he has So courage
2usly begun
There WIS no reference in any of
I've resolutions to Mr.. HYDE.
Resolutions We're adopted by thu
gents giving their unqualified APP
.rovai Of ne firm stand taken by Vice
PRESIDENT Tarbcil i'm his support of the
president on the naturalization issue.
The F'rck committee of investiga-
ion was com nendcd in another reso~
:utiOn and this committee was urged
% be proE1pt in a searching impartial
of the COmpanyS affairs,
The hope being expressed that the re-
suit would be the means of placing
tie society on firm foundation and
cstoring public confidence"
The organization of metropolitan
managers was dissolved by resolution
and the agents declared that the sur
4, ia, TO- finn hn1 IN
the policy holders.
This in brief is a summary of the
days proceedings, which began short
" before noon. Among the first arriv-
lis was Vice President Hyde. who was
by half Il dozen agents rs
he entered the hotel lobby. President
had a score or more gather
bout him when he entered. Second
Vice President Tarbell was also an
early arrival. These three were the on
" officers Of the society invited to the
agents conference.
MIR. Alexander opened the meeting
with an informal talk. in the course of
which he said;
81 am not here to mention any of the
subjects under investigation by any
Of the committees having in charge
those matters. There will be no per-
sonal controversy of any nature. | full
~ realize that you gentlemen have
been the means of bringing into the
of the Equitable the enor-
nous surplus which it contains, and
your interests will be guarded. | would
shed my hearts blood in your interest.
You have had a difficult work before
you. but we hope it will be easier in n
short time
II was then that Mr.. Hyde was in
troduced A hiss from the rear Of the
hail did not disconcert him. He said
if he had done anything wrong. finan-
cially or otherwise. or had participated
i'm any wrong doing by others. he
should be "kicked OUT and If any 9TH
er officers of the society had been
guilty Of wrong doing. they should be
thrown into the street" He referred
to the sale by Second Vice President
Tarbell of the latter's interest in his
renewal account. and remarked that he
CONTINUED on Page Two.)