The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1905-04-06
EQUITABLE DIRECTORS
SPECIAL MEETING TO-DAY
COURSE TO BE FOLLOWED BIZ
HYDE FORCES.

the Rack--wiII be Asked to Explain
Why He Requested insurance Com
missioner to Examine Society With
out Informing Executive COMMITTEES
and Also why He Attacked Certain
Directors.
New York, April 5.-The course which
the Hyde forces will pursue in to-mor-:
rows special meeting of the Equitable
Life Assurance society's directors was
forecasted tonight in a statement
given out by one Of Mr.. Hyde's friends,
The statement asserts that Mr.. Alex
ander will be called upon to explain to
the directors why he sent letter re-
questlng the commissioner of Insurance
to make an examination of the society
without having informed the executive
committee and that he will also be call
ed upon to explain This conduct in as
sailing the personal integrity Of his as
sociate James Hazen Hyde, tfie&vice
president; Jacob H. Schiff, and Es H.
Hartman, directors of the society, and
causing the publication Of matter dero-
gatory to them. .
Continuing, the statement saws.
Both Mr.. Alexander and Mr.. Tarbeu
will be called upon to explain the sale
of the renewal account for the sum Of
$1S5,ooO, on the day that the memorable
petition, asking fer the removal Of Mr..
Hyde, was presented to the board Of
directors.
Mr.. Alexander will be charged with
having retained Frank H. Platt to or
ganize what is so commonly known as
the Crimmins policy holders protective
committee, for the express purpose OF
assailing the board Of directors and
maligning James Hazen Hyde, the vice
president, and also irnpairing public
confidence in the management OF the
society.
Mr.. Alexander win also be charged
with having instigated the suit known
as the Brackett-Mary Young suit, and
the action taken by Senator Bracket in
the office of the attorney general and
also in the Legislature acts which are
detrimental to the good name Of the So
ciety.'
A statement was also given out to-
night by the so-called Crimmins policy
holders committee, outlining its pro-
.ceedings up to date. This statement
recapitulates the committees demands
as follows:
First-A representation in the board
at the ration Of rs TO "a, one half to be
elected in 1905 and the other half In
1906.
Second--Two vacancies now existing
in the board to be filled Immediately
with two nominees of the policy hold
ers committee.
Third-The number Of the executive
committee to remain at twelve, but
four vacancies to be at once created
in such committee the state superin-
tendent of insurance to designate the
four persons to be retired, and these
vacancies to be filled at once by the
appointment of the two men to be
named by this committee and two nlenl-
bers of the present board of directors
to be named by Cornelius N. Bliss.
Fourth-That the provision in the
amended charter as proposed by the
board Of directors limiting any further
amendment to the consent OF three
fifths of the stock be not allowed.
These demands. according to the
statement, We're presented to the coun-
ell representing the Alexander inter-
ests, and were assented to by them
The demands were then submitted to
the representatives and counsel Of the
majority shareholding interests and TO
the counsel Of the society, and were ac-
cepted by them with the exception OF
the last clause, counsel pointing out
that with this clause, when the policy
holders shall have elected twenty-eight
directors, it would be possible to amend
the charter so as to destroy the share
holders interest entirely. The commit
tee unanimously agreed to waive this
point.
The statement says that when the
agreement had been drawn UP and conf
pleted s'it was discovered that the couia-
sci representing the Alexander interests
had LEFT the meeting, and when called
on the telephone, the reply was received
that they had decided not to commit
their clients one way or the other to
the withdrawals from the demands ~
said clause fourth.