The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-04-20

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I NEW YORK. April 19.-After a pro-
S0oc'eo session behind closed doors. the
~ or more general agents of The
~ uitaple Assurance society TODAY
| adopted resolution caIIiDo rno,, VI
PRESIDENT James H. HYDE to rasign
| from MS position with the organizati0y,
ana appointing a committee of fiva
! rom thelr number to call on Mr. H1da
and present the demands. - "e
| men recess was taken at 3 O'clock
| MT. Hyde was informed that the coyI,
mittee of agents would reach his O4n7
! at O'Clock. He awaited their arriI-,I
IN company with his personal cOunsaI
! Samuel Untermyer, Winslow Piarcn
and w. S. CULVER. At 80 the COM
! nittee mad not appeared, and Mr.. HYDE
] with his counsel, left the office of tho
! Equitable. Mr.. Hyde said:
Il have not seen the committee. and
nave not seen the resolutions, but I
! CONSIDER them lmpertinent eXtraOrdi-
nary insulting and most preposterous.
nave no intention of resigning"
ne committee has arranged to meet
MI Hyde tomorrow morning at his
nome at o'clock. Mr.. Hyde attended
| the theater tonight. and the agents held
| no Iufther conferences. They will meet
| again tomorrow morning to receive a
| report on the Hyde conference
st. Paul Man in It
The latter part of the days meeting
oI agents was from all indications more
! peacetul than carrier in the day 1t was
SAID that in the earlier assembIage ali
put seventeen OF the agents had voted
! 10 request Mr.. Hyde's resignation ana
III support of Mr.. Alexander. The
number voting for the resolution is
SAID TO be 1913. The committee of five
! appointed to wait on Mr. HYDE include
CHARLES Wake, New York: Frank Levy.
I New orleans; c. j. Edwards, Brook
! lyn; Joseph ROWes, Baltimore and w
j. Roddy, South Carolina.
! A permanent organization was form
/ ed ana a committee was elected to go
! 10 Albany to petition the insurance
commissioner and Gov. Higgins to urge
| the naturalization of the Equitable.
! The committee includes l.. d Wilkes
! 81. Paul; Wyman Ellis Helena. Mont:
! ". L. Harrington, Fargo. n. D; w. ].
| Heating, Sioux Falls, S. D.; A. II. Hal
| ternberg, Spokane, Wash, and w. A.
| Fleming, Spokane.
! 1t was after the appointment of this
| committee that it was decided that it
would be advisable to form a perma-
| hent organization and a committee on
| permanent organization of the Ma
! uonal AssociatiOn of Managers" was
! named, of which G. j. Edwards is
| chairman.
One of the interesting developments
| was the adoption of the following res
olution:
Whereas, it has been persstently sug-
| Sested In the public prints that the agents
| are for naturalization because they seek
| to acquire full or partial control of the
! society by acquiring proxies therefore
| be it
Resolved that we the general agents
| OF the society in convention assembled
I Loo hat l.
! We seek for ourselves for any part of the
| control of the Equitable. but do demand
| that through the policy holders this shall
| be so vested as to best conserve their in
! terests, without the confidence of whom
| We cannot exist in business.
Hyde's Counsel Speaks
Samuel Untermyer, counsel for Mr..
| Hyde, made a statement today con-
corning the James H. Hyde and asso-
| GATES syndicate transactions. Mr.
| Untermyer said:
These transactions tell their own story
! OF the equal interest and participation of
| Mr.. Alexander. The transactions We're en-
| tirely legitimate and there is no just
| ground for criticising Mr. Alexander or
anybody else for being interested in them.
| There were other like operations of this
| same syndicate, such as the International
| Marine. in which the syndicate members
| lost their money and in which the So
| ciety took no participation.
After calling attention to the dates
| of the checks sent Mr. Alexander by
Mr.. Hyde from July. 1902. up to this
year, Mr. Untermyer said:
! Mr.. Alexander does not claim to have
| returned any of the moneys received from
| these transactions except as to those re-
! ceived in January, 1905, although they
| We're all of the same general character
! and were paid to him by cheeks signed
! James II. Hyde. Even the check of Jan.
| II, 1905, for $2S,265:S1 was deposited -
| Mr.. Alexander to the credit of his Oxn
| account at the Bank of Commerce 1t
! is unfortunate for Mr.. Hyde that this
! huge. conspiracy against his reputation
| and his property is to be dragged into the
searchlight Of publicity. 1t started by
| masqueradng in the sham form of ''mu-
/ tualiZatiOn.' 1t is nothing more than Il
| sordid attempt TO destroy the property of
| the young man whose interests have been
| confided to his trustees.
.TarbeII Defends Himself
| Second Vice President TarbeI today
| denied a statement made by Henry II.
Knowles, formerly superintendent of
! agencies for the Equitable, in which
| Mr.. Knowles said that Mr.. Tarbell was
| at the bottom of the Equitable trOu-
| bles and that he had entered into Il
compact to GUST Vice President Hyde
and succeed President Alexander when
the head of the society retired. When
asked what he had to say with refer
ence to Mr.. Knowles statement Mr..
Tarbell was highly Indignant. He
said:
never entered into any compact such
as he speaks of. There never was any
question about Mr.: Alexander resigning
the presidency. 1t is a ridiculous PROPOSE
ton because Mr.. Alexander is so eminent
ly fitted for the place and his intention
is to hold it until his death. Mr.. Alexan-
der is the soul of honor; he would cut off
his right hand if he could prevent all this
scandal coming up.