The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-06-06
HENDRICKS TO FIGHT HYDE.
Continued from First Page.

who has said that it was only matter OF
a abort time when he would get out, SIX
directors OF the society havo resieheo'
leaving forty-four on the board;
It Is known now what the Hyde plan OF
peace referred to by Samuel Untermyer
In his statement published YESTERDAY ~
Mr.. Untermyer declared that the trouple
in the society il nearer satisfactory ssea'e
ment than at any other time since II began;
The hopes Of MIR. Hyde and bis chief counsel 81
are based merely on the effect which u ID
hoped the naming OF the new chairman at
Wednesdays meeting will have on the
board of directors.
Mr.. HYDE IL ready now to make con .
oessiops both as regards the selection OF
a chairman and the trusteeing Oh nis stock'
He Ia getting alarmed at the situation.
The disaffectfon in the board and the re.
tirement Of agents have had greater eneot
upon him than any other Things h snae nave
1t was admitted for MIR. Hyde yesterday
that he regarded the question now as one
OF business that he realized that the Equi-
table, to be prosperous IN the iuture, must
be helped by concessions on ms paLt. NJ
HYDE and his lawyers yesterday TO make
the members Of the board OF direoto
understand that Mr.. Hyde was thoroughly
sincere in his desire > ave something
done to relieve the pree n. SITUATION, aho
is willing to make large concessions. EAon
Il
committee received absolute assurance that
any selection for the craftsmanship would
be accepted by Mr.. Hyde personally, ana
that he would not attempt to assert ms
power in the meeting OF the board on
Wednesday against any one tnaG Ll'e u Guln-
mittee NAV name. AS result Mr.. dyoe,
It was announced, has received word from
four members of the committee, August
belmont, Robert r. Lincoln. j. b. Fergan
and d. o. Mills, that they viii serve. Nun MIN
Mr.. Coolidge out OF the direotorate; st tnao
leaves only A. y; oassatt anu 'oil ~ NV"
art to be heard from.
The committee was to have ANNOUNCED
their choice at Wednesdays meeting, out
With Mr. Ferpan and Mr. Lincoln still in
Chicago it is not thought that TINS can oe
accomplished. - NJ uus.
will insist upon a chairman being selected
at that meeting. Not less than dozen
Candidates. have been talked Of for the
place by Mr.. Hyde and his supporters.
and if one will not accept the place WI Dc
offered to another without delay. yutee
George Gray of Delaware Is one Of TIE
men Who are being considered by Mr. Hyde
Others are Secretary Cortelyous noS;
Mvron T. Herrick Of Ohio and J. Edward
Simmons. president Of the Fourth Nauohai
Bank.
II Acknowledged Mayer should not,sl orm aG
itatiyely Yesterday that it would be mat,
ter Of months il not years before that could
be accomplished. The case would. was
said. be fought up to the Supreme CoIr.
action brought by the ACKNOWLEDGEMENT
would be entitled to preference on the
court calendar, but even allowing LOT .nis
it would take long time before Mr. hyde
could be ousted.
b. o. Mills, when asked yesterday whether n;.he
he had decided to resign from the oirec-
While it is probable that shall resign
7 shall take the full time to consider my
decision and will not decide the matter
until the meeting of the board
IT have not considered the matter Of
resiening yet have until Wednesday 70
make up my mind. I can say this, though;
/ think the Frick committee report shoulo
have been adopted. Not single one OF
the accused, II I may use that term ,, mas
denied the accuracy Of the charges MADE
in that report. They have not been able to
nut their fingers on a single sentence ana
say that it was untrue. l..
Il left the meeting on Friday before 1t
became sulfurous and the venom oesan
/ am undecided about my future action.
A friend OF August Belmont said that
Mr.. Belmont had decided to serve on the
n omin ating committee because ne con-
sidered it his duty. He thought that the
question as to whether the commiteee was
not be weighed against the demand to have
the situation cleared.
Supt Hendricks resumed his examination
OF the Equitable directors and officers
Yesterday He had Second Vice-President
Gage E. Tarbell before him in the directors
room in the Equitable Building for two
hours, and later examined Gerald r. Brown,
head OF the Eauitable's real estate depart
ment. and Alvin W. kreeh president OF the
Enuitable Trust Company and a member
Of the Equitable LIES directorate.
Mr.. Krech is one of the directors whose
name was mentioned in the Frick com
mittee report as having participated in
| some Of the Hyde underwriting syndicates.
| He was questioned yesterday in reference
TO the relations of the Equitable Trust
Company to the parent nzn nstl Mr Brown in
regard to the Equitable's valuation OF its
real estate and in regard to the leases IN
| EQUITABLE buildings to companies in which
| Equitable directors are largely interested
This is one Of the things that the fr1ck
The Equitable Building at l2o Broadway
is estimated in the society's annual report
! as worth 3l8,OOO,OO0. A man familiar with
real estate values on lower Broadway said
Yesterday that it would he impossible ia
sell the property for more than $s,OOo,Ooo
The EQUITABLE books actually show a loss
last year from the building. This, 1t was
said yesterday, was caused partly by the
expenditure Of a large sum Of money in
| the building of safe deposit vaults Tor one
Of the companies renting floor space and in
which Mr.. Hyde is interested The rent
charged this company, 1t was declared
! was not raised any by reason OF the ex-
penditure Of this large sum Of money, for
vaults. Mr. Brown was asked about these
things by Supt. Hendricks.
Mi. Tarbel was before the superintend-
emit in the morning. 1t was the fourth
| time that Mr.. Hendricks has had the Equi-
tables second vice-president before him
| n was said yesterday that Mr. Hendricks
also will call Mr. Alexander and Mr.. Hyde
to the stand again.
While Mr.. Hendricks was conducting his
examination he was visited by Cornelius
n. Bliss. who resigned from the board OF
directors last Friday, after the Frick re-
port had been rejected. Mr.. Hendricks
It was explained. did not desire to examine
Mr., Bliss, but merely wanted some nfor-
nation regarding the charges that have
been made by Hyde that the report repre-
sented a conspiracy on the part of Harri.
| man and others to Gust Hyde from the con.
troll of the society for their own interest.
Mr.. Bliss, 1t ia understood, assured the
SUPERINTENDENT that the report was abso
they had conferred for half an hour Mr.
Bliss and Mr.. Hendricks went to gether up
stairs to the office of Belts, Belts, Sheffield
a Belts. James R. Sheffield, friend q
President Roosevelt, is member OF thi