Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-04-21
arranged their itinerary and left this city

at li.3o, tonight, for Syracuse.
| They will meet Supt. of Insurance Hen
orlcks at noon and present to him the
resolution recently adopted asking that
the Legislature amend the society's char
ter to allow policyholders to serve as d-
rectors and vote for directors-the agents
naturalization plan.
| AT j O'Clock tomorrow, the committee
| VIII leave Syracuse for Albany. They
VIII meet Governor Higgins at the excu-
| tive mansion at IL o'clock, Saturday
morning
Joseph Bowes of Baltimore, chairman of
| the committee, and others, will make ad-
| dresses when the resolution is presented
To Mr.. Hendricks and to the governor.
| Before the committee leaves Albany, n
| subcommittee will be appointed to re-
main ut the state Capitol and present ar
| Suments directly to members of the Leg
islature
| Members of the conference, today. sign
| cd applications for Il total of 81, coo 900 of
additional insurance upon their lives, the
| statement being made that tins was done
| as a compliment to Mr.. Alexander and
rs an expression of their confidence in
him.
Mr.. Hyde made an appointment, yes
| terday. to meet today, the committee
of general agents appointed to demand
his resignation. This committee was
made up of Joseph Doves of Baltimore;
". J. Boldly Of South Carolina; Frank
c. Levy of New Orleans: Charles Jer-
ONE Edwards of Brooklyn ard Charles
Wake of New York. While Mr.. Hyde
agreed to receive this committee he de-
Clared that he had no intention what
| ever Of reaisning and that he regarded
tie action of the general agents in
making such a request as "imperti-
rent extraordinary, insulting and most
rrcpostcrous.'
The demand by tie agents for an in
estigation ard The action inaugurated
in Louisiana We're regarded as making
critical a condition which already was
extremely serious.
When the committee called at Mr.
Hyde's home at No. 9 East Fortieth
st, Get. tnev were met by Mr.. Hyde and
| W. II. Mcintyre. Charles 3. Alexander,
W. O. Gulliver and Alvin Krech, his
advisers. The committee remained in
the house II minutes and returned to
| intimltion of what had occurred. A
| representative of Mr.. Hyde announced,
| however. that a stenographic report
Of everything said at the meeting had
| been made and that an official state
ment would he issued by Mr.. Hyde
| late in the day.
The official statement given out by
Mr.. Hyde of his meeting with the COM
mittee follows:
Mr.. Bowes as chairman of the COM
| mittee said:
Il am charged, sir. with some
what disaereedble task, the hearing to
YOU OF Il request from a convention Of
managers and agents now assembled
| in the Hotel Savoy. that YOU voluntar-
| lily resign your position as vice presi
dent of the Equitable. Following is
| the request OF the convention:
james II. Hyde. vicn president Of
the Equitable Life Assurance Society
of America We the general agents ana
mal.agcrs Of the Equitable assembled
| in convention from ALI PARTS Of the
united States and Canada are person
ally and through our agents III close
touch With the people and knowing the
'tti) SN'i(tfl t'tllN ltlt'tllN VI tiit IjolltN
| hnidcrs. and Gcnply dcploring the necas-
sity FOR our action therefore sincerely
and earnestly appeal to You. on behalf
| OF TIE Equitable to the creation ami
upbuilhng of which your father devot
Cd his life ami for the sake of its policy
holders and its agents to set aside all
personal interests and row voluntarily
retire from the vice presidency.
fSigncd)
- HENRY ]. POWELL, Chairman.
"'F'. A. McNAMEE.
FRANK J.. LEVY.
-. ". BATES, Seer ata1ies.'-'
Mir. BoweS, after TIE reading Of the
agents communication to Mr.. Hyde
made 4 short speech in which he said.
MI. Hyde, with regard to this re
quest, there are number of points
| that | wish particularly TO emphasize.
| | want to call your attention to the fact
| that this request was made almost
unanimously by the sisners and agents
at the Hotel Savoy. yesterday. the
| actual vote. | think being 175 to 10.
| Il want to call your attention to an
other characteristic of their request;
| that il was made after four or five
I''ulN vi tIIiIti INV IVY, II WIS
not hastily done. 1t vas, moreover, the
outcome of a number of attempts to
| tone down to eliminate nareher features
Of several propositions Ct the same
Kind that were before the convention.
II want to call your attention to an
other feature of the request, that it
was made by agents and agents from
al PARTS Of the country from Maine 10
| California. from the SHOWS of Canada
| to the gulf of Mexico.
| II want to call YOUR attention, Mr..
| HYDE. to another feature of this re-
Guest that it was made by agents.
every one of whom is actuated by the
| most intense loyalty to the Equitable.
| whose hearts beat in sympathy with
the progress. welfare and safety of tho
| rrnat institution founded by your faith
or.
~ want also. to call your attention
| ia anothcr f. ature of this request and
that is that it is made by men fresh
from the feds of the great body Of our
| nnlicv- holders. who have been in COM
murj0n with them. who have been as
eociatcd With them. and who are, there
| fore e,lppospd to know what these