The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-06-08

NJ. Depew, H. G. Deming. George II. Squire
Thomas d. Jordan. Charles S. Smith, v: P
Snyder. A. W.. Krech, William Alexander
John j; McCook' G; Ledyard Blair, BraytoI
c. B. Alexander, Bradish johnson, J.. F
de Navarro, 4: q. Vanderbilt. August Bel
mont. H. r. Winthrop, George T. Wilson
Thomas T. Eckert. W. II. Mcintyre, H. N
Alexander, H. G. Fahnestock. David II.
! Moffat and Joseph T. Low.
| The stories printed yesterday to the
effect that syndicate headed by George
! j. Gould had offered James H Hyde IS 900.
600 for his stock were denied yesterday
| both by Mr.. Gould and Mr. Hyde.
statement at the meeting showing III,
condition OF the Equitable's business. Ir
| the first five months Of 1904 new bushes
written amounted, he said, to $l32 1881 ,72l
as compared with sl3l 1914 ,898 issued ir
the same period Of the present year.
for May Of the present year was less by
Mr.. Tarbell made the statement that in
the first six days in June Of this year there
had been falling of of 81 1855 .oe5 in the
new business issued, as compared with the
corresponding days last year. The amount
of new business written in the first six days
of the present month Mr., Tarbell gave as
$3,oel ,oi5
Mr. Tarhell sta ted that since May there
ton of only four agents under direct con-
tract with the society. Two of these, he
said, resigned to become officers of other
companies, and the other two were men
whom the society did not care to retain.
About 500 sub-agents have resigned. Mr..
Tarbell said in conclusion.
From the foregoing it will be Keen that
the socety's business as a whole up to the
present time is a most exactly the same a.
1t was last year: that the total new business
- o. F. l.
and Canadian gen cies is five millions greater
than for the same period last year. and
throughout the world about three millions
greater.
Nothing could be more unwise than for
any man insured In the Equitable to surren
der his policy on account Of the present
controversy The Equita BILE to-day is the
strongest life insurance company in the
world. The society does not wish to profit
or increase its surplus by surrender Of
single policy, and every policyholder should
understand that in surrendering his policy
he does SO at a loss to himself"
II was the opinion Of we'll known men
last night that either the committee APP
pointed yesterday to find a chairman by
Friday should give to the world the name
for the rehabilitation OF the societys affairs
or that legislation will follow at Albany.
There was no mistake in the sentiments
expressed by the people who have only
the good OF the society at heart. They are
disinterested folks, save that they believe
that everything should be done for the
benefit of the $4,000 poiicyholders and
that the rvalres Of placeholders in the
society should not come in for any con-
deration.
While the new COMMITTEES appoin'ei
Yesterday to select a cha,rron was NOT
considered heavyweight affair. there
were still hopes that This committee would
by tomorrow I've allie to produce the man
who is dema nded The situation is heco'n-
ing intolerable in the society, il was de-
clared, and if the right man - not forthcom-
ing by tomorrow it may lie set down as
assured that the coming session Of the
Legislature will take it upon itself to pass
legislation giving the authorityto the society
to purchase the ma jority Of the society's
stock. now mostly held by James Hazen
Hyde and his relatives, and that this legis-
lntion, in order to Re entirely just to Mr.
Hyde and all the other stockholders will
it was said, instruct the Appellate Division
of the First Judicial Department to put n
just value on the stock, so that the society
may be able to buy it from the present
holders. After that a control by the policy
holders would be the natural sequence.