The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-04-20
TO Hendricks Brought tha
Equitable FIna1Gl3T a Snub,
AGENTS TO HYDE: RESIGN.
PrepOsterOus, impairment, Insult
Ing, Says Mr., RYtL

They can On IHm by the iIcmory Of TITS
Father TO Retire as Vics.Presldent 90
Equitable Ilfc-He Um see Them mis-
= Morning and says tie Wont Resign
-IIns Retained joseph 10. Choa'e
asComseI and Lost TIlnu Uoot--Chec!'
TO Alexander fIr Underwriting PrJnS
Discussed Yesterday nv 8oth S,dpI
Edward II. Hartman, according -
well informed pers ons, is daily giving further
! evidences OF his inc)npe.ea1) as poll
tician and rs chic. adviser OF James Hazel
Hyde Of the Equitable &c Assurance
Society. Mr. Hartman ia n stockholder
In the society by virtue OF the five shares
Of the society's stock trans erred to his
name by MIR Hyde. and il a poloyholder
Of six weeks standing, AM he has boast
fully assumed 10 say what the Republican
authorities at Albany shall and shall not do
I concerning the efforts Of the 90 900 policy
holders and the general agents OF the society
70 rehablitate its affairs.
Mr.. Hartman, IL was learned yesterday,
has just read tho riot act to supt. Hem
State. and as a frield OF Mr.. Hendricks
put it yesterday, instructed Mr.. Hendricks
as 70 the manner in which Robert H. Hunter.
Mr. Hendricks's chief deputy, should oon-
duct the Insurance Departments investi-
cation OF the society's affairs
What did Mr.. Hendricks do when Mr..
Hartman spoke to him in that fashion,
Hendricks went up IN the air, replied
Mr. Hendricks's friend One can hardly
fancy mild hammered and quiet spoken
man like Hendricks going up in the air.
but the explanation for his doing so on
this occasion was that Hendricks was
indignant at being 80 brutally spoken to-
Mr. Hartman continued Mr.. Hen
dricks's friend, spoke TO Mr. Hendricks as
though Mr.. Hendricks we're cheap poli-
tcian who must obey orders, forge ing
entirely the fact that M Vendricks " q
bank president, Z PR OF trust
company and sonlethu a fnancier
himself In Syracuse. M --yndriols says
he was never before in his life spoken 10
by any man as Mr.. Hartman spoke TO him,
and he is justly indignant. He told Mr.
Hartman that he would conduct the In
vestigation along the customary lines Of
the Insurance Department
Mr. Hendricks was first appointed Super
intendent Of Insurance by Gov Roosevelt
and was reapponted by Gov. Odell.
When Mr. Odell and ex-Gov Frank S. Black
organized their combination 20 overthrow
Senator Plat as Republican State leader
and to send Black to the United States
Senate in place Of Mr.. Depew Mr. Hon
bricks was one Of the first. II not actually
the first, OF the Republican leaders Of
great county 20 60 over TO Odell and Black,
Mr.. Hendricks is now working politically
at Albany with Gov. Higgins and the Odell
triumvirate. Ruines. Malby and Nixon,
Gov. Higgins being in full sympathy with
Mr.. Odell and the triumvirs, and It WIS
explained yesterday that because Of this
attitude politically on the part Of 5ir. Hen
bricks Mr.. Hartman believed that he had
the authority, as Mr.. Odell's chief political
representative, to order Mr.. Hendricks to
conduct the investigation Of the Equitable's
affairs TO suit Mr.. Hartman.
1t was Mr.. Hartman IL was also asserted,
who, from motives best known to himself,
advised Young Mr.. Hyde to confess 10 his
share in the underwriting syndicates OF
james H. Hyde and associates" and thus
lay himself open 10 removal a. a director
of the society because Of the violation Of
,ction 80 Of the insurance act, which de-
clares.
No director or ofioer Of an insurance COR
poration doing business in this State shall
receive any money or valuable thing for
negotiating procuring or recommending
any loan from any such corporation, or for
selling or aiding in the sale Of any stocks or
securities % or by such corporation.
ANY person violating the provisions ~ this
section shall forfeit his position as such d.
rector OF oficcr 6nd be disqualified from
thereafter holding any such onice in any
insurance corporation.
The report current in New York insur-
ance circles and elsewhere for two years
back that Mr. Hartman ha = offered young
Mr. Hyde s. 600, 600 for his control Of the
Bdlitable's stock was again heard yesterday.
AGENTS AJAX HYDE TO KEsIaN.
The general agents Of the Equitable,
at their meeting yesterday at the Savoy
Hotel, drew up a commur icaton 70 James
II, Hyde, requesting him 10 resign the vice
presidency Of the society. The commune
cation was agreed upon with hut thirteen
dissenting votes, some 200 voting aye. II
will be presented to Mr.. Hyde at o'clock
this morning at his residence by a committee
Of five agents appointed at the meeting.
The eKaot text Of the communication
was not given out pending its receipt by
Mr. Hyde. This was given out last night
a. being substantially the text Of II:
I'VE, the agents Of the Equitable Life As
surance Society, representing many thou
sands Of policyholders Of the society, re-
spectfully request that you, becausa 81 the
hurtfll notoriety you have achieved and
for the good Of the society you ought 10 love
and for the memory OF your father which
YOU must revere, discontinue your connec-
ton asan officer with the society"
The committee, which will present this
communication 20 Mr.. Hyde this morning
at his residence. consists Of Joseph Bowes
Of Baltimore, W. J. Roddy, South Carolina;
Frank c. Levy, New Orleans; Charles