The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-02-17

has been no Crasure or change In the pc
titons and no second petitions The prn
ciplc Of naturalization for which the Pc
titoners asked hus been granted. to take
effect in April. This destroys the one man
power. That having been done. there was
no desire TO humiliatc Mr. Hyde. 80 he was
reelected with President Alexander There
was an effort 10 throw Mr.. Alexander out,
but he was elected by every vote ex-
cept two. / make this statement to show
the success of President Alexander in his
effort to give voting power to the policy
holders.
HYDES AND ALEXASDERs.
Ono of the agency managers of the
Equitable, who is on the side of the Hyde
interests, spoke yesterday of the relations
for many years between the Hydes and the
Alexanders, He said
There always have been tive interests
in the management of the Equitable Life
Assurance Society - one represented by
the Hydes and the other by the Aexan-
ders. They ap an outgrowth Of the
society's incorporation and beginning.
When Henry b. Hyde was young man
he was cashier Of the Mutual Life Insurance
Company, and resigned his position to start
the Equitable Life Assurance Society,
and with him also retired from the same
company his father, Henry Hazen Hyde,
solicitor possessing great capacity for
writing Insurance.
Young Mr., Hyde found II necessary
TO organize stock company TO enable the
society To deposit securities in Albany with
the Insurance Commissioner, as required
by the Insurance law. He was at that
time superintendent Of the Sunday chool
OF the Firth Avenue Presbyterian Church,
of which the Rev james W Alex
ander was pastor. The Rev DR. Alexan-
der's assistance made il POSSIBLE for Mr..
Hyde to secure the subscription TO his
stock, and when the company was formed
and the charter granted William {. Alex
ander, a brother of the clergyman. was
made the first president and Henry b. Hyde
the first vice-rresident.
jams W. Alexander, the present preai-
dent. "A son of the Rev. James w Alexander,
became the secretary Of the society seven
years after lts organization. Upon the
death of the president William c. Alexander.
Henry b. Hyde became president and James
w Alexander became first vice. presidcnt.
The large family connections Of the Alex
anders have always been represented in
the society, either as officers, or connected
with il in some way as counsel.
Henry b. Hyde dominated the Equitable.
Its success was the ruling passion OF his
life, and as time went on and the society
became a great institution Mr.. Hyde, who
was naturally forcefu and aggressive,
became impatient of suggestions. James
W. Alexander found that his position in
tho s1ciety vas Gfttlnes mode , very un-
lileasan' ny or. hEoie manner, tntreloIe
tnere wcFe many iricuons. NeNertheiess,
thew remained firm friends
The stock originally sold TO members Of
Dr. Alexander churCn' hau IN the course
OF years become Wldeiy scattered. ne
sulcted by the charter 70 me payment OF
I ne ut ia
rather 10 heiP MT ilyde tAah any thipg
else u never, inquired az an asset IN the
s,ateiuellS OF ilcn men WHO bought II
Mr. hyde dominated the situation by ms
iolce on oIiufuoler rather thau py MS holu-
M nl we IhahV suare1 81 stoGh'
Vne ilIie runoI came 20 the executive
ohces OF me iqutepie that henTS ,. Ives;
ueh Fiieu me N'tlo'on OF rIhahc"'
"'7 hIEHR UP We 3tIai'. l"i W, PuIToSe
~ con ToIihS me tqunap,e Lue' Nr'
llYu" i2r lLe ifet 'Hic TeaIlAed tiat the
stock falling INTO bad names might be used
against the society and lis great assets.
WIN chhrac'erlStlc energy ne az once
caused a personal hunt 10 he made Tor the
shares ana purchased an OF those whlch
were not IN me hahds 81 ives thefeDy
securing me control ~, u,,.
during ne NAt year OF NJ hyle. me-
ueSirouS oi S'cuIlut ior lie huci'aT az
safeguards. ne Grated tfliSt ana paced
Ih's' smart; S'l'uVi III ti' ituluS OF
James W, M1Nander' hnu ever Slhoe lhe
d'nth oil Mr.; hyae. m lSp'' MT Alexander
at the stockholueEs meetings. mas No'cd
the stocE. -
>, 9hortiy AFTER lne dca'h 81 hehTy b'
iIYa" MS ohlY INhg. son '1n"9 iA"eh
hyae was eIecttu Nlcc-pfeslutht OF me
society m ACCORDANCE WIN mo wishes
OF hi- iHther. ~ was Wen Understood
that upon me retirement or de"lh OF Mr.
AeNahderi VINO was mace lrc9i1eht' ihe
son should take hl- iadCe' az AeNahuer
aec,l,ou me oouunClce ill'of,u ~ tile
lla4tn iiSoe III we business V'huuci OF the