New-York tribune., 1905-07-08
EQUITABLE SUITS NEAR.
MORTON'S NEW INQUIRY.
Agents Ask for Statements to lid
IN Getting Business.

With Attorney General Mayors receipt yester
day Of a copy OF the testimony taken by superin-
tendent Hendricks and the announcement that MI
Mayer =iU pay a flying visit to-day. it is
expected that Mr. Mayors long expected suits
looking &c Equitable debarments and restitutions
viii be instituted next week Indications that
criminal proceedings may also be expected within
the next few days found in Acting DiStricI
Attorney MOTIFS announcement that he expects une
copy for Mr. Jerome either to-day on MONDAY
one line Of investigation that is being pursued
by Chairman 'Morton's examiners Il IS salo' Is
meant 10 discover who paid the expenses OF the
convention Of the general agents at the Hotei
Savoy last April Mr.. Morton is determined TO
know whether the cost OF the convention called by
Messrs Alexander and Tarbeu against Mr. Hyce
has been charged. commonly reported 10 the
society. even down 10 the item OF the telephone
calls II Nr Morton finds this 70 be the case, he
viii demand Of those responsible, il is said the
restitution Of the entire cost, which II Is known,
amounted 10 many thousand dollars.
Should the minority stockholders seek TO test the
legality Of the transfer Of Mr.. Hyde's stock n
troll to Thomas F. Ryan and the validity OF the
aeed Of trust. their action VIII take the form OF
suit To enjon the directors from serving
he board. That much was made known yesterday
oy counsel interested IN the case.
Regarding Mrs. Henry B. Hyde's pension OF s25.-
20 no demand or tender Of its surrender has been
made. M Morton seemingly being loath wage
warfare on woman. and the other side considering
4 surrender tantamouut 10 a confession. From one
source yesterday il was learned that Mr.. Hyde
NAV defer his visit Europe for several months,
1utu ne Is satisfied that his skirts clear o.
Equitable Inire According 10 another Hyde inter
est however, the young ex-vice-president may sail
his month with his mother. who is not in the best
d health.
Ex-President Grover Cleveland. who had been
A. the Hotel Buckingham since Wednesday, when
he returned from his fishing trip 10 Buzzards Bay,
vas asked yesterday 10 published statement
that he was considering retirement from his trus-
teeshp.
Nothing has occurred thus far 70 dissatisfy me
N the least said Mr.. Cleveland. and the idea OF
retiring from trusteeship has never entered my
mind"
The local Equitable agents have formulated
petition 70 Superintendent Hendricks, asking him
70 issue a statement attesting the absolute sol
vency OF the society. The petition, which
arawn by Z committee OF three, has been forwarded
&c the Superintendent. with the request that he
give 10 the case his early consideration. II Will
De recalled that both the preliminary report OF M
Hendricks and the previous report OF the Frtck
Investigating committee avowed the .ndisputabie
Eclvency OF the society. Archibald c. Haynes, at
whose Broad-st. Office the agents met instructed
his agents 70 solicit longer the deferred dvi
dend policy plan. but 10 concentrate their efforts
On obtaining insurance on the nOn-participatng
policy plan.
The tri-weekly meeting OF the EouitabIe's
utive committee held yesterday. Chairman
Morton presiding NJ Hyde attended the meeting.
It announced al the close that action OF
Importance had been taken.
Il Is understood that with the acceptance OF the
sorrcolo OF Secretary OF State Elihu Root retires
absolutely from the counsels OF the Equitable and
hat successor TO him viii De appointed The
remaining lawyers have the situation well in hand
Il reported yesterday that Mr. Cleyeland's
interpretation OF certain OF the clauses Of the deed
u differs from that Of other persons inter
ssted in Equitable affairs the desire verify mas
Dwn conclusions having caused him 10 call IN
Wayne MacVeagh, Of Philadelphia.
Taking largely a their text the Frick report s
criticisms OF AdT Tarbel certain OF agents
appealing TO Chairman Morton 10 set them right
before the public. They say that public belief that
there were advances 10 Equitable agents IS
rnpairing their business in competing with other
conDanies.
meeting OF the trustees was held yesterday
Afternoon al the Buckingham Hotel. II adjourned
shortly sitter clock. when Mr. Cleveland started
FOR his home. in Princeton What transpred he
absolutely refused 10 disclose. he said nothing
occurred the meeting worthy OF a statement.
Both Nj Westinghouse and Mr. O'Brien. his fel-
low trustees. were al the meeting.