The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-04-05

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 Mr.. Alexander, Gen.
Fitz Gerald Cater succeeded by Mr..
McIntyre) as trustees, and then says:
Mr.. Alexander is a director of the
Equitable society and president of that So
ciety solely by the vote of the stock con-
fded to his keeping by my father and by
virtue of the trust and confidence which
l have imposed in him and which was al
most an Inheritance from my father. BY
this trust deed. Mr.. Alexander was not
only charged with the obligation to thus
care for my patrimony, but he was most
accepted the duty thus imposed, to eXer-
else all possible influence with me when
should attain the age of 80 years to urge
me to renew and extend the trust, thus
continuing as far as might be legally pos
sibe the control and administration of the
Equitable society, initiated by my father.
Bright Reputation and Future
On June 6, 1906. will have attained
(should live) the age of 80 years and will
then, subject to my duty to my father 5
expressed wish. have come into posses
sion of my stock. Thus, shortly before the
expiration of that period, Mr.. Alexander,
owing his existence as a director and Of
ficer of the Equitable society to his trust
and to the stock confided to his care. has
engaged in secret cabal with officers
under his command and in many cases
subject to his coercion to destroy the val
ne of the stock of his trust and to de-
stroy the reputation and future of the ben
efciary.
Mr.. Hyde stated he had never an
tagonized Mr.. Alexander in the Selec-
ton of Equitable directors, and that
he could not be justly charged by Mr..
Alexander with the usurpation of any
of his functions. He also praised the
character of the present board. Then
he says:
There has been no general claim or de-
mand upon the part OF policy holders In
the line of the present movement There
can be no long continued disguise of the
true purpose of the present movement.
Its purpose is to transfer the selection of
the directors of the Equitable society to
a coterie of men, who with their knowl-
edge of the policy holders. would place
them in favorable positions to obtain the
proxies OF the latter, and Mr.. Alexander s
gross breach of trust to my father, with
which / now solemnly charge him, has
none but the most specious pretext of high
motives. 1 shall not discuss any personal
shortcomings of my own. That such have
been charged is a sufficient reason to me
for declining to make the most absolute
commitment for an extended period of the
affairs of the Equitable society TO its pres
ent management.
The letter closes with Mr.. Hyde's
offer to transfer his stock vote to a
board of trustees, pending the adjust
ment of naturalization plan.
Alexander May Have Erred
President Alexander's letter to Su-
perintendent of Insurance Hendricks,
written March q, was in reply TO that
officials inquiry as TO Mr.. Alexander
attitude on the proposed amendment to
the Equitable charter. He says:
The proposed amended charter is a
compromise between opposing views with
in the board of directors. Ii was recon-
mended by the special committee of seven
appointed to carry into effect the resolu-
ton adopted Feb. 16 in favor of comforting
upon policy holders the right to elect di-
rectors of the society, of which commit
tee 1 was a member. There was at the
| meetings of the committee a very ex-
plicit statement OF the supposed legal
| rights of the stock and clear intimation