New-York tribune., 1905-04-22
HYDE SAYS HE Is TRICKED
RESENTS AGENTS ACT
His Friends Assert AIerauder and
TarbeH Must Go.

committee Of Equitable agents called on
Superintendent Hendricks at Syracuse 20 ask
him to use his efforts toward u1utualization Of
the society.
From Syracuse the agents went 70 Albany.
whore they advanced the same arguments 70
Governor Higgins He said he was dcvotius hia
attention to the problem, in which ne symPa-
thized with the policyhoders-
A suit for the appointment Of a receiver fos
the Equitable was begun in Chicago BY policy
holders.
The letter Of James Fl. Hyde to the agents Of
the Equitable Life Assurance Society, resentins
their request TO him to rghre from the vice
presidency OF the society. was glven:cUt for pub
hcation' last night. It had been prepared. 1t was
said with the assistance Of counsel It is ad-
dressed TO the special committee Of the agents.
Joseph BOwes. Archibald c. Haynes s. P. Stearns.
F. l. Levy. Charles Wake and Henry J. Powell
and runs as follows:
The subject upon which you have addressed
me involves the consideration OF the whole un-
happy controversy which has been in progress
for several months past The injurious effect Of
that controversy upon your fortunes I appTe-
claJe, and can well understand YOUR strong de-
sire to promote some action that will bring il
70 an end In that controversy I feel that
have been treated with great Injustice and that
no one has so serious cause for complaint as I
have So far as any good results could be served
by the resignation Of any officer responsible for
is doubtless to suffer in the future your request
is misdireCted
In view Of the concessions have been willing
70 make for the welfare Of the sOciety / re-
sent your misguided action. taken in utter
Ignorance OF the true UatiOn. OF which you
cannot possibly have accurate knowledge. Your
request. perhaps unwittngIv on YOUR part IL
merely another move in the campaign Of attack
originally devised When the real facts are
known 70 the policyhOlders t believe that all
right minded men among them viii be as in
d1gnant as / am with the methods that have
ehdS. IN pursuing which they have not hesita ted
To sacrifice the best interests Of the society and
10 disregard the proper protection OF the policy
holders Your action instead OF furnishing A
solution of the present unfortunata situation
renders the difficulty more acute It IS regret
table that in this situation the convention %
managers did not take advantage Of it's oppor-
ble peace.
I assume that you have been kept informed
have been made upon mo but Doubt whether
you have been told Of the Efforts made to
tacks
You probably know in a general way of the
1l5 Glrcu9stanGes under which ] was hastily sum
noned 70 the offices of the president by taia-
phone. from the country on the eve os ths
annual meeting and shortly before the expira-
ton or the trust under which my stock is held
that I was there confronted. without previous
notice OF warning. with a hostile memorial of
ii eI'I eIiploNeS' WnlcH had hee1 SSCreti>
Circulated and In many instances signed under
cOercive influences. that my immediate retire
ment was demanded under threats. thts T per-
emptortly refused 70 retire. aa1 thar such re-
IusaI was followed by the inmediate SJhloissIo~
| 10 the board of directors OF demand for u..
retirement and for practical disfra HchiS ulaat a.
I the stock of the society. II may SURPRISE vo7
70 learn that the leaders Of this attack upon rn-
and the society have persistenty dizcIain-ed re-
sponslhility for any and all Of the newspaper
puoHcaJlOnS aSsalltng me and defa~liDg the so
Clety and its management. The Plea or 11.7r,Is9I 7
lzaJion was mere sham under cover OF " hsot
II was designed by those leaders 10 w~aS- The
control OF the society from the responsible hands
Of the most representative body Of dirs-+ors I'm
this country and TO transfer il to ;h4fr own
grasp through the use of the agencies IS r.
StTumentalitieS.