The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-04-27
GRIP ONROVIFLBLE SURPEUS.
FRIENDLY RECEIVER 4 TRUMP
CARD FOR EITHER SIDE.

Alexander Tsns Fr1ok COMMITTEES He
Means 70 BFinE out the Faots whether
They Do o. Not and ThAt lie Proposes
10 stick and F1ght II Out On That line.
There was a report yesterday that the
law firm OF Sullivan a Cromwell IL behind
an organised effort TO have suits for the
appointment OF a receiver for the Equi-
TITLES surplus brought Ia almost every
State In the Union. No statement Was to
be had at the firms offices. One lawyer
engaged In the Equitable controversy said,
however, that he could readily zee how
such action would be 10 the advant &c OF
q principal In the controversy II either Mr..
Hyde or Mr.. Alexander we're behind H.
II the soclety's surplus should be put into
the hands Of a receiver II would. this man
said, be Of the greatest advantag GO 70 either
faction to have a man named friendly to
It's interests. II was In connection with
this report Of a general action in all Of the
States looking toward "A receivership
that Senator Foraker was mentioned the
other day az having been retained on behalf
Of policyholders in Ohio. and Senator
Spooner on behalf Of policyholders In Wis
consn.
II was learned yesterday that the Frick
committee had approached Mr.. Hyde to
find out whether he viii be willing 10 retire
from the ice-presidency OF the society II
both Mr.. Alexander and Gage Z. Tarbell
will consent to step out Mr.. Hyde's answer
to the committee was not learned, but
HE counsel has asserted positi lively that Mr.
HYDE would not retire under any circum-
stances.
The Prick committee also. IL was said.
had spoken to President Alexander about
this proposition, telling him that he was
in a measure at least responsible for the
wron gdoing which had been going on
within the society. whether he had had
anything personally to do with II or not.
As president Of the society he ought. the
committee told him TO have known every
thing that was going on.
President Alexander, II Ia understood,
told Mr.. Frick and his associates that he
did not look at things in the same light.
He told them that there had been wrong
doing. but that he had inaugurated a reform
as soon as he was able to do 30, and that he
intended, now that he bad started the reform,
to continue his efforts as long az he was
able. He reminded the committee. IL Ia
said, that they had imposed silence upon
him regarding the charges which had been
made against him personally, and he told
AAbiu AhhA II Nueg Nlu not itNuIh n INpOlN
containing the facts as they actually exist
he would himself make the facts public.
The statement was made yesterday that
James J. Hill had told only half the story
when he said on Tuesday that he had told
the Prick committee that he would like
to put accountants Of his own at work on
the Equitables books for the collection
OF any facts embodied in a public report
TO which he would have 70 subscribe his
name.
Mr.. Hill Il was said. actually did demand
Of the Frick committee, a few minutes
after he had been appointed 10 the com
mittee, that his own clerks and accountants
be allowed to carry on an investigation.
This the other committeeman il was said.
wouldn't consent to. Mr.. Hartman, II
was asserted, was especially hostile to any
investigation carried on by Mr. Hills agents.
A member who has served on the COM
mittae Is said to be wavering In his ale
glance 10 H.
State Superintendent OF Insurance Francis
Hendricks was In town all day yesterday
overseeing in person the work OF his men
In the Equitable Investigation and holding
further conferences with Chairman Prick.