The Montgomery advertiser., 1905-04-05
 BIG DISPUTE Hyde Faction is to Assume
 Aggressive. NEW PHASE IN EVIDENCE Alexander and Tarbell May
 Be Forced Out. vice-Pre.ident Charges Superior with DisloyaIty and Bad Breach of
 Faith--AIIeged Smooth
 Game Exposed.
JEW PHASE IN EVIDENCE

New York. April 4.---The fight in the Equitable Life Assurance Society ae- sumed a new phase tonight when sew eral letters that heretofore have been carefully kept secret were made pub lie. Further interest was aroused py a persistent report emenating from an not denied that vice-President Hyde and his friends in the Society had de- cided to assume the aggressive. s
 According to the report tho Hyde party will force James w. Alexander and Gage E. Tarbell to retire from the presidency and second vice-presf- dency respectively of the Society at the meeting of the board of directors to be held next Thursday. This report was strengthened tonight by the fact that both parties to the controversy gave out certain letters and statements bearing on the questions in dispute. MT. Hyde's contribution was the let ter which he wrote to the Equitable directors on February 15 when the fight for naturalization first came of ficially before the board. At that time the letter was carefully guarded and only its general tenor was allowed to become known. The letter is a lengthy history of the Equitable and Mir. Hyde's position under the terms of his fathers bequests and in 1t Mir. Hyde formally charges President Alexander with "gross breach of trust to my fa- ther and to me.
 AIexander's Contribution.
 Mir. Alexander's contribution to the history of the controversy Is made In his letter to the State Superintendent of Insurance, defining his position and acquiescing in the compromise plan for the naturalization of the society. It is interesting in that he declares that his consent was given with re- iuctance because he felt that he could not take the responsibility of rejecting even that measure of control by the policyholders.
 On behalf of MT. Hyde rss statement was given out with refes nee to th.s letter which charges thateMr. Alexan- der's action in this matter was a breach of faith
 Second vice-President Gage E. Tar bell Is the target of an open statement given out by MT. Alexander s. Bacon. counsel for certain poIicyholders.
 The statement declares that Mir. Tar bell is the real leader of the Alexan- der forces, and brings up the charge that Mir Tarbell, just prior to the be- ginning of the present controversy, sold back to the Equitable for the sum Of S13b,OOO all ms interests HI EShCW 1As of future business.
 In Mir. Hyde's letter to the directors he says he was called into conference with President Alexander on February 8. when but two business days inter- yened before the directors were to meet to elect officers, and told that a large number of officers of the Equit- able under his leadership and initiative had signed a memorial addressed to the directors demanding that steps be taken which would result in placing the policy holders in control of the cor pcration to the exclusion of the stock control The letter says he was also given a legal opinion to the effect that it was the duty of the officers to bring this matter before the directors, to- gether with a paper signed by a ma jority of the officers, charging Mir. Hyde with personal unfitness for the office of Vice-President. The letter con- tinued:
 Presidents Demands.
 MT Alexander demanded my im- mediate consent that my control of the company through the owner ship of a majority of its capital stock be at once relinquished; that should consent that the functions of the stock should be superseded under a reorgani- zation through which the vote of the policyhoIders by proxy should select a management to control the affairs Of the company and that I should per- sonaIIy resign and withdraw absolute ly from any connection with the con- troI or management of the company. accompanying these demands by threats of exposure of improprieties on my part in both personal and of- ficiaI conduct and impressing upon me that the movement against me per sonally had been so effectively organiz- ed as to be resistless.
 '9The movement had been conducted in secret So far as have been able to ascertain, no one of the firty-two directors except the officers who had been connected with its initiation were aware of any such movement or of any of the alleged grounds upon which 1t was conducted. Communication of knowledge of it to me was so timed as to offer me the least possible op- portunity for reflection and consulta- tion upon a situation involving not merely the major part of my fortune, but my destiny and reputation"
 MT. Hyde further said In the letter that the movement was conceived ana guided by Mir. Alexander secretly. so far as he and his assistants in the directorate were concerned. and that signatures to the charges had been secured from officers and heads of de- partments with whom he had not been in contact. Mir. Hyde continued:
 'T shall not in this statement un- dertake to discuss or palliate any per- sonal indiscretions which may nave given occasion for just criticism, but I have no hesitation in contrasting all of these with the attitude which has been taken in this matter by Mir. James w. Alexander, a man of mature years, of wide business experience and of such abilities that 1t is impossible he should have misconceived the sol emn duties developed upon him under the instrument of trust executed by my father"
 Under Deed of Trust.
 He then discussed the deed of trust of the late Henry B. Hyde. his father. under which a majority of stock was left to him with MT, Alexander and General fitzgerald (lateF succeeded by MT. MeIntyre) as trustees. and then says;
 ''AIr. Alexander is director of the Equitable Society and president of that