The Birmingham age-herald., 1905-04-19
President Alexander is Endorsed
 by Managing Agents
MIR HYDE GETS THE HOT END
Resolution Urges New York Legisls- ture to Amend Society's Charter
 to Admit Stockholders
 Into .he Directorate.

New York, April ts-After a session at the Savoy lasting for nearly six hours today, aside from short recesses, the two hundred managing agents of the Equit- able Life Assurance society from all parts of the United ~,ates adopted reso- lutions late this afternoon asking the New York state legislature to exercise it's plenary power by enacting an amend ment to the society's charter. this amend ment to give the policy holders admis- sion to the directorate of the society"
 The resolutions also provide that a com mittee consisting of one manager for every state in the unicn an one from Canada, together with all the managers in New York city, should be named to visit Governor Higgins and Superintend- ent of Insurance Hendricks and secure their assistance in getting the legislature : to act in the matter. -.ls committee. representing the whole committee, will be designated before the agents finally adjourn.
 Today's sessions were .eplete with de- velopments Several sets of resolutions were adopted. 4resldent Alexander made a brief speech Vice Preslkent Hyde followed him and in the course of his remarks referred to the sale by Sec ond Vice President Tarbell of the lat ters interest in the renewal account to the company, which brought forth a sharp retort from MT. Tarbell. Then all three officers left the meeting and tho agents devoted their time to discussion be- hind closed doors. At $50 o'clock tonight the agents adjourned to meet again to- morrow morning
 The first set of resolutions which came out declared that the agents pledged their unqualified support to President Alex ander, and expressed their "entire con- fdence' that the president will continue unfalterlngly and finish the work of mu- i tualization that he has so eourageousy begun.
 There was no reference in any of the l resolutions 10 Mir. Hyde.
 Unqualified Support of TarbelI.
 Resolutions were adopted by the agents giving their unqualified approval of the firm stand taken by Vice President Tar bell in his support of the president on the naturalization issue"
 The Tarbell resolution was introduced by E. A. Woods of Plttsburg.
 The Prick committee Of investigation was commended in another resolution. and this committee was urged to be prompt in searching. impartial inves- tigation of the companys affairs, the hope being expressed that the result would be the means of placing the socl- ety on firm foundation, and restoring public confidence
 The organization of metropolitan man. agers was dissolved by resolutions and the agents declared that the surplus in the societys funds belongs to the policy holders.
 This m brief is summary of the days proceedings, which began shortly befors noon.
 MT Alexander opened the meeting with an informal talk, in the course of which he sad:
 Alexander Makes Talk.
 q am not here to mention any of the subjects under investigation by any of the committees having in charges these matters There will be no personal con- troversy of any nature. l fully realize that you gentlemen have been the means of bringing into the treasury of the Equit- able the enormous surplus which 1t con- tains. and your interests will be guarded I would shed my hearts blood in your interest. You h' "a had dlfficu'1 wnrk before you. but we hope it will be easier in q short lime.
 IL was then that Ar Hyde was iirro- dnred lss f-am tSs rear of the hall dic nei disconcc,t i,tn iie said If he lad ion, anyt.ins " "9c. financially or 'ih- arUise. ar .iai n. .'t pafef in any wrsrg- doing by others. ne sfcrld be "k',ked cut and fl any othc- officers of the so- cis,v had nren gun,v of wrongdoihs. they sIrnl9 he "th;eN1 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 hoped no agent would be called upon to sell his Ghe agents) renewal interest
 Tarbell Explains Action.
 Mir Tarbell followed MT. Hyde and | explained his sale of his renewal account by saying that he contemplated the ac- ton six months ago. The records of the | society would show an estimate of the | value of his renewal interest at that time. | he said He declared that the society made several thousan1 dollars on tse transaction, and got the best of the set tlement Then. turning and facing MT. | Hyde, Mir Tarbell said:
 q may have sold my renewal interests | but I will never be called upon to put any money back into the treasury of the l society"
 This declaration was greeted with | cheers
 President Alexander immediately an- l nounced that the officers would with draw with the understanding that they would return If wanted. The departure of the three most important officers of tha Equitable. all of whom have figured prom inently In it's affairs. since the present | difficulties came to public attention. was the signal for a short recess When the members of the as-emblage gathered again, the resolutions endorsing Presi- dent Alexander were presented and adopted.