New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-04-06
HYDE READY FOR FRAY.
ALEXANDER PREPARED.
Charge and COunterchargc at Equi-
table Meeting To-day.

ciety AT the special meeting Of the board of di-
rectors this afternoon. He viii present formal
charges against President James W. Alexander.
nominal leader Of the movement against him.
He VIII demand an explanation Of the theory on
which President Alexander worked in stirring
up the public hght. which has had unpleas-
ant an effect on the society. He win call TO
account Gage Z. Tarbell. second vice-president,
Dir. Alexanders right hand man.
AT this meeting Mr.. Hyde VIII enter the dis
cussion. knowing that he need expect no mercy
from his opponents. and prepared TO give none
himself unless an absolute capitulation is made
by the Alexander party. There will be such
surrender. both sides believe. so both are pre-
pared for an engagement 10 the END. What this
end wiz be neither side can predict Both de-
clare that zone or the other must 60" Mr..
Hyde feels not at all certain that the board Of
directors win go so far as 10 request President
Alexander 10 resign. but he IS determined TO
show evidence on which he believes such action
would be merited
mr.. Hyde while he spent all day yesterday in
getting up his case with his lawyers. viii do the
work to-day himself He will demand an ex-
PLANTATION from Mr.. Alexander as TO why he
sent a letter 10 Superintendent Hendricks re-
guessing an investigation Of the society without
having brought up that question before the
board OF directors or the executive committee.
He viii charge Mr.. Alexander with retaining
Frank H. Plat 10 organize the "Crimmins pol
1cyholders' committee" whose purpose, at or
ganization, only 70 assail himself and the
board of directors. IN consequence destroying
public confidence IN the society. He viii assert
that President Alexander was at the bottom Of
the suit which Senator Bracket brought in
Saratoga County in behalf OF Mrs. Mary Young.
q policyholder OF the Equitable, and owner OF
one share OF the society's stock. He viii de-
clare that the subsequent petition Of Senator
Bracket to the Attorney General to investigate
the Equitable and his bin introduced in the
Senate for q legislative investigation were
simply suggestions OF President Alexander. who
seemed not to regard how much such actions
anJuTed the society.
Mr.. Hyde VIII demand an explanation OF the
attacks on the personal integrity OF Jacob H.
Schif and =. II. Hartman directors OF the
Equitable, as well as on his own character.
Through President Alexander's fundamentally,
he win maintain. attacks on these men were
printed. 10 the injury OF the society.
He win tell the board that President Alexan-
der failed 20 live up to the terms OF the mutual
szation plan set forth by the seven directors, OF
whom he was one, and also 10 assent TO subse-
Quent plan still more favorable 20 the policy
holders. containing still further concessions to
his demands.
Turning his attention TO Gage T. Tarbell. Mr..
Hyde win demand on behalf Of the directors an
explanation OF the sale OF the renewal account"
for SI35OOO on the day Mr.. Tarben joiDsd the
petition 10 Gust him from the management Of
the Equitable. He win ask also for an explana-
lion Of President AlexandeTs part in that agree
gneut. Mr.. Tarbell win be asked TO tell how
much money he has received from the Equi-
tables treasury in addition to his salary, and
5ust how much he thinks is coming to him now
on business obtained while he was managing
agent An explanation also win be demanded
OF Mr. Tarbsns signing a petition which was
circulated among the managing agents in this
country "discTediting the vice-president and the
society" declare Mr.. Hyde's advisors.
OF the general drift Of the meeting this after
noon President Alexander is aware, and what
ever charges Mr.. Hyde brings viii not ind him
unprepared. Asked he was going TO a con-
ference with his lawyers what he expected to
DO. President Alexander said:
Il don't know, personally, OF any OF the plans
Of the other side I have clear conscience.
though. and Il IS needless TO say that am not
unprepared to meet any charges they may
bring against me. Ny line Of defence IS per-
feet. I they have me weeping nowadays,
according TO some OF the stories. l don't re-
member ever having shed any tears around
this building.
Il am wholly IN the dark TO what action
they intend 70 take. Personally don't expect
much friction at the meeting. but under exist
ing conditions its quite possible there may be
trouble. and it's best 70 be prepared"
President Alexander then went into confer
ence with his lawyers. Henry NJ Alexander his
son. ana Bainbridge Colby. and after a time his
secretary issued the following Official statement:
The published statements that Mr.. Alexander
Gntand8 % resign as president Of the Equitable
society at the meeting OF the board OF directors
tomorrow are absolutely false. He has no such
intention.
THE STATE INVESTIGATION CONTINUES
The investigation OF the society by the State
Department Of Insurance continued yesterday
Isaac B. Vanderpoel. chief department exam
aner said that on April ne received his orders
10 investigate the books and concerns OF the
Equitable society.
Ny specific orders were TO make every in
ouiry pertinent TO the solvency Of the society,""
said Mr.. Vanderpoel. This investigation viii
consist, first OF an auditing OF the accounts; an
anvestigation OF the securities which the society
holds, its bonds. mortgages. stocks and loans
ard, incidentally. the charges and costs OF the
various departments OF the society. That, of
course VIII take long time TO complete. as the
work VIII have TO be done slowly and carefully
as the computations OF values viii have to be
most exact. I have corps of clerks who VIII
aid me.
In this investigation my immediate superior
will be Robert II. Hunter. Deputy Superntend-
ent He ana Superintendent Hendricks will go
over my reports. After the general investiga-
ton OF the books OF the society. anything which
seems TO require detailed statements from the
officers OF the company VIII be looked into by
the Superintendent personally"
The meeting this afternoon. according 10 the
cau issued, must decide on the members OF the
executive committee who shall retire and prob