The Montgomery advertiser., 1905-04-06
EXPLANATION WANTED
ALEXANDER TO BE QUERIED BX
 THE HYDE FACTION.
An Interesting Time is Probable al Special Meeting of the Equit- able's Directors To-
 d0y.

| New York, April 5.-The course which the Hyde forces will pursue in to- morrow's special meeting of the Equit- | able Life Assurance Society's direc- tors was forcasted tonight in a state ment given out by one of MT. Hyde s friends. While the statement bears no signature 1t originates from the same source as others giving MT. Hyde's at- | titude and is regarded as authentic. The statement asserts that Mir. Alex ] ander will be called upon to explain to the directors why he sent a letter re- questing the commissioner of insur- | ance to make an examination of the society without having informed the executive committee.
 Contiuing the statement says: Both Mir. Alexander and MT. Tarbell will be called upon to explain the sale of the renewal account for the sum of $135.0 900 on the day that the memorable petition asking for the removal of MT. Hyde was presented to the board of directors.
 MT. Alexander will be charged with having retained Frank H. Platt to or ganize what is so commonly known as the Crimmins policyholders protec- tive committee, for the express pur- pose of assailing the board of direc- tors and maligning James Hagen Hyde, the vice president. and also im- pairing public confidence In the man. agement of the society.
 MT. Alexander will also be charged with instigating the suit known as the Mary Young suit and the action taken by Senator Bracket in the office of the attorney general and also in the Legislature-acts which are detrimental to the good name of the society.
 "A statement was also given out to- night by the so-called Crimmins policy holders committee outlining it's pro- ceedings up to date. This statement recapitulates the committees demands as follows:
 First-A representation in the board at the ratio of 2S to 24. one-half to be elected in 1905 and the other half in 1906.
 Second-Two vacancies now existing in the board to be filled immediately with two nominees of the policyhold- CTS committee.
 Third-The members of the Execu tive Committee to remain at twelve, but four vacancies to be at once ere ated in such committee, the State su- perintendent of insurance to designate the four persons to be retired and these vacancies to be filled at once by the appointment of the two men to be named by this committee and two members of the present. board of direc- tors to be named by c. N. Bliss.
 Fourth-That the provision in the amended charter as proposed by the Board of Directors limiting further amendment to the consent of the three fifths of the stock to be not allowed.
 These demands according to the statement were presented to the coun- sel representing the Alexander inter ests and were assented to. The de- mands were then submitted to repre- sentatives and counsel for sharehold- ing interests and to counsel of the society and were accepted by them with the exception of the last clause, counsel pointing out that without this clause, when the policyholders should have elected twenty-eight directors 1t would be possible to amend the charter so as to destroy the shareholders in- terests entirely.
 The committee unanimously agreed to waive this point.
 The statement says that when the agreement has been drawn up and com pleted. it was discovered that the counsel representing the Alexander in- terests had left the meeting and when called over the telephone the reply was received they had deided not to com init their clients one way or the other to the withdrawal from the demands of said clause fourth"