The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-06-15
AWAIT THE HENDRICKS REPORT.
No Changes in the Equitable to he Eek.
pected Until 1t Is Made Public.

The Equit able reorganization awaits the
report of State Superintendent of In
surance Francis Hendricks. Paul Morton,
the newly elected chairman Of the board
Of directors will take no action in regard
to reorganization until the State Super
intendent s report has been made public
That will be early next week.
The EQ,it able's executive commit ee
meeting adjourned Yesterday Without hav-
ing accomplished anvt hing OF her than the
elect ion of MIR. Morton as a member of the
committee.
James H. Hyde presided at the COM
mittee's meeting. and these other directors
Tarbel. William H. McInt yre, George I.
Wilson. V. p. Snyder, Chauncey NJ Depew
Alvin ". Krech. II. c. Deming, Thomas
d. Jordan and n r. Winthrop. secretary.
Mr. Morton said after The meeting:
Il was made member of the commit 20,
and that's about the only business that
was transact ed. The committee was not
reorganized along the lines recommended
bv he direct ors at their last meeting and
no change was mace in the finance COM
mittee. No designations of officers or
OF hers were accepted,
I'VE are all waiting for the Hendricks
report to be made public before doing any
thing. We are in the dark as to what that
report conta ms. and We don't want to make
any move until we know. Our plans are
unsettled. | have not talked with MIR.
Hendricks, and have had no opportunity
to find out what his investigation de-
veoped."
Mr.. Morton was in the Equitable Build
ing early in the morning. He held a brief
conference with President Alexander. and
also had talk with MIR. Ryan before the
executive committee meeting, With Mr.
Ryan and Mr.. Morton in conference was
Gage f. Tarbell, the society's second vice
president. Mr.. Tarbell, it was said had
been called before Mr. Morton and Mr.
business of the society,
The three trustees who are to vote the
Ryan policyholderS group stock. Grover
Cleveland Justice OBrien and George
Westinghouse did not get together yester-
dav. out it was said that an effort would
he made to have them meet to-day.
Supt, Hendricks was busy all day in his
office at II Broadway whipping his report
into shape. He had no more Equitable
officers before him.
1t was learned yesterday that Jacob II.
Schiff is now the owner Of five shares Of the
Eauitable's capital stock Mr. SchifT bought
this stock, it was said, a few days lefore
he resigned from the directorate. Mr.,
Schf, it was said, paid a good price for the
stock. He expected at that time of course,
to remain in the directorate of the society
At the auction sale of securities at the
Real Estate Exchange yesterday 500 shares
of Equitable Trust Company stock offered
at auction were bid in by the owners, as
were 200 shares Of Mercantile Trust Com
rany stock, The Equitable Trust stock
was taken in at $50, The last sale made
was at 625.
Henry C. Prick made statement vester.
day in Princeton, saving among other
things
MY ofticia connection with the EQUITABLE
society ended fter the boa rd of directors
failed to adopt the report of the committee
they appointed to investigate the present
management However as a pocvholder
of long standing should like to see the new
management continue the investigation
as outlined in the committees letter o,
April s to President Alexander. do moi