The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-04-17
A HARTMAN VETO.
His Legislature Must Not H.
VsStIgatS His Insurance Spec.
IS THE FIELD TOO RICH7
As 10 Gas, You Know, Oh, Well,
Let EN- Go Ahead.

Tns GanE VINO Got stuck selling Con.
Solidated Gas short on an Advance
np That Oden would veto the Rem.
sen Bm Need . little ReVsnEe-But
the 900 900 Equitable POlIcyholders,
100 900 OF Them In This state. May
whistle for an Inquiry That VIII Let
the Light OF nay In on the Hartman
hyde Promotions Put through by
those I'm Control Of Equitable Money.
The disclosures concerning the Affairs Of
the Equitable Life Assurance Society have
come to such a dreadful pass that many
Of those interested say that the only remedy
now for the rehabilitation Of the society Is
The passage Of a law at Albany giving the
holder Of every participating policy In the
.ociety the right to vote in the election Of
drpctorg With this law in force, IL was
aid Yesterday, no more would be heard
Of stockholders suits or alleged fictitious
values for Equitable securities based on
the estimates Of professional Wreckers.'
There is now sharply defined issue
which. it was declared, warrants the policy
holders Of the society in demanding that q
general law giving the participating policy
holders the right to vote for directors should
he passed forthwith This issue Is the
SQUARE one between James H. Hyde, who
has returned TO the society t61 ,4A6.S2, which
represents profits from a syndicate known
a. james H. Hyde and Associates" and
James W. Alexander. who 10 reply to Mr.
Hyde's assertion that Mr.. Alexander. presi-
dent Of the society, participated equally
with Mr. Hyde in these syndicate matters
SAYS. Mr. Hyde's statement on the sub
iect Of alleged syndicate participations by
me is untrue" President Alexander goes
on TO say that when he received few weeks
ago Mr.. Hyde's check for the amount men
toned. Il stated 10 him that the matter was
one that must be fully sifted and requested
that | be furnished at once with q complete
statement from him on the subject. This
REQUEST has not vet been complied With
The direct issue between Mr.. Hyde and
Mr.. Alexander Is regarded as a pressing call
upon Gov Higgins Supt. Francis Hendricks
and Attorney General Mayer TO come out
into the open as the peoples official pro-
tectors and insist upon a public investi-
cation in the interest Of the 10000 policy
holders Of the society In the Empire State.
These three official protectors, made 20 by
their election and appointment, have a
duty to the 100, 900 polcyholders in this
State and TO the 10000 remaining policy
holders in other States. The money In
veste1 in these policies Of the society rep
resents the work OF thrifty and frugal
lives and dependent upon the outcome OF
the premiums paid by these policyholdeTa
are the hopes of thousands upon thou
lands Of other lives.
Moreover, Gov. Higgins, Attomey-Gen-
eral Mayer and Supt. Hendricks represent
the faith and confidence put IN the financial
integrity Of the State OF New York by the
COO 600 policyholders and those dependent
upon the outcome Of these policies.
The disclosures concerning Mr.. Hyde's
syndicate profits led to an examination
yesterday OF the report Of the society made
10 Supt Hendricks on Jan. 1, 1905. In that
report. made by the Hartman Hyde oon-
trolling directors in the society 20 the In
surance Department at Albany, there APP
pears the following list Of bank, Insurance.
and trust company stocks held by the
society at that time: