The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-06-02
HARTMAN AFTER HYDE STOCK
THAT'S ONE VIEW or PURPOSE
or THE FRICK REPORT.
Hyde Ansered at Proposal 10 Retire Him
From once and Ready to Fight Back
Hope That Hartman May Also BE
Forced to Retire From Equitable.

Hope That Hartman May Also b,
Forced To Retire From Equitable
James Hazen Hyde and his friends, in
Guiding platoon Of lawyers, we're in q
blaze Of anger yesterday at Edward II
Hartman and Henry c. Prick over the
recommendations Of the Prick committee
that young Mr.. Hyde should be retired
as vice-president Of the Equitable Life
Assurance Society. 1t is difficult to por.
tray in ink the feelings Of chagrin and
amazement OF young Mr.. Hyde and bis
friends that Mr. Hartman could sign such
report.
Some Of the young mans friends did not
hesitate to say that he had been treated
most treacherously, but that he did not
propose to rest easy, and he and his
friends hoped to be able either to white
down the recommendations Of the Flick
committee at to-dsy's meeting OF the dlrec-
tors of the society or defeat them altogether
II has been a matter of common gossip
for two years and more that Mr.. Hartman
offered young Mr. Hyde $S,coo,oo0 for his
stock in the society, and some Of young Mr..
Hyde's friends referred to this yesterday
and said they believed that the PROPOSE
ton to retire Mr. Hyde as vice-president
OF the society was but the preliminary step
to efforts to minimize the value of his stock
60 that eventually he could be induced to
dispose OF it.
As matter Of fact, though, young MIR.
Hyde's friends announced that Mr.. Harri-
man and many OF Mr.. Harrinan's friends
on the Prick committee had told young MIR
Hyde that the recommendation to retire
him as vice-preeident Of the society meant
little or nothing. for ire reason that it was
but a sideplay to get rid Of James W. Alex
ander as president Of the society and Gage f..
Tarbell, after which young Mr.. Hyde would
be restored to his place as vice-president
of the society. together with all the emolu-
ments now received, amounting to about
1872, 900 year in salaries.
Young Mr. Hyde's friends, speaking Of
this matter, said that neither young MIR.
Hyde nor they would permit the wool to
be pulled over their eyes in such fashion;
and they went on to say that in view OF the
close relations that have existed between
Mr.. Hartman and young Mr.. Hyde they
did not see how Mr.. Hartman would dare
to sign the Frick committees recomm enda-
ton that young Mr.. hyde be retired as
vice president Of the society.
These men also spoke Of the audacity OF
Mr. Hartman in signing the Frick com
mittee's Recommendation, and recalled that
for two or three years after Henry B Hyde's
death his son, James Hazen Hyde, Travelled
along in harness pretty well under the tute-
lage of President James ". Alexander,
and gave promise of developing something
like the genius OF his father, Henry B., for
the life insurance business. 1t was only,
80 the comments continued, after young
Mr. Hyde fell in with Mr. Hartman that
the Union Pacific syndicates and all sorts OF
other syndicates we're evolved by which
officers and directors Of the Equitable Life
Assurance Society reaped the rich rewards
from investments in these synaicates.
For several years according TO those
familiar with the facts, Mr.. Hartman and
while the young man has developed a gen
Jus for cert ain lines OF business 1t has been
frequently remarked that Mr.. Hartman
was by all odds the more resourceful and
the more dominant spirit Of the two. Yet
it was said that only MT Hartman and Mr..
tell adequately Of the intimate business
relations between the two. And then 1t was
added, The time has not yet come to tell
about them
It is known that the Equitable Life As
surance Society has, all told, about s7o,-
vaults. The business relations between
Mr.. Hartman and Henry C. Frick. chair
man Of the committee which recommended
that young Mr. HYDE, along with MIR, Alex.
ander and Mr., Tarbeu should be, turned
for a. number Of wears, Mr.: Frick be-
ing associated with Mr.. Hartman. in
the Union Pacific board and Mr.. Har-
representative in the dlrectqr-
ate of the Atchison, Topeka and Santa r.
hf ands did nes hes tasng 70 s5y asny
yesterday that they saw in the recon-
incubation Of the Prick committee which
Mr.. Hartman signed nothing but IN effort
to corral young Mr.. Hyde's stock from
him and eventually to get absolute and
finances of the Equitable Life Assurance
The fact that young Mr.. Hyde was told
that the recommendations OF the Frick
committee meant really nothing so far as
he was concerned startled the Young man;
most of the night with bis lawyers. who |
besought him not to be hoodwinked any |
longer. ard not ito shut bis eyes TO the real !
situation. and they advised him that he |
must fight to-day as be never fought be-
fore. and then your Mr.. Hyde's advisers !
we're good enough TO say to Lin that per- |
haps his experiences with Mr.. Hartman
within the last few years may eventually |
turn out to be a blessing in disguise,
Others equally familiar with the situa-
ton did not hesitate to say that the recon-.
tons Of the Prick committee would |
lead TO very drastic steps from other sources,
and that II Mr. Alexander, young Mr. Hyde |
and Mr. Tarbell are to go it wouldn't he |
very long before they would be followed !
BY Mr.. Hartman. who holds five shares of |
stock by the grace Of James Hazen Hyde, |
Mr.. Prick, Mr.. ingalls, and all who have |
had any part or parcel in the developments |
Of the society's affairs since February.
President Alexander was elected ii Feb
r,,aIv for one year, and all the other Of
ficers were elected at the same time for the
same term The question came up yester-
day among the lawyers AS TO how the
of the Frick committee
% put Alexander, Hyde and Tarbell on, can
De- made operative.
TIE suns announcement Yesterday that
Il Gov Higgins calls al extraordinary
session Of the Legislature nothing short
II Divine Providence can prevent the
Eouitable's Affairs beir taken UP by tire
legislature was admitted 10 be correct
~ those most directly interested. It
vas admitted also that the retirement Of
,Ir. Alexander, Mr.. Hyde and Mr.. Tarbell
would without the slightest doubt be fol-
owed by the election Of officers entirely
friendly to Mr.. Hartman and MIR. rrick
md Mr.. ingalls,. Just how the 100000
of the society in the United