The San Francisco call., 1905-04-18
AGENTS DECIDE
AGAINST HYDE


NEW YORK April ITO dis
cuss and take action on the un-
settled condition of the Equitable
Life Assurance Society's affairs. 1So
general agents and district managers
of the society held a caucus behind
closed doors in the Hotel Netherlands
tonight and adopted a resolution in
dorsing President J. w. Alexander of
the society, but containing an emphatic
request that the present factional strife
cease There are approximately 22O
agents here tonight, but the forty
Equitable representatives who did not
attend the meeting took no definite ac-
tion so far as could be learned Every
representative who attended tonight s
meeting was pledged to abide by the
decision reached. Gage Tarbell, second
vice president of the society; H. H.
knowles, superintendent of agencies.
and President Alexander's secretary,
Pendreigh, were at the meeting.
E. A Woods, general agent of the
society in Pittsburg, directed the move
ment which led to the caucus. He ex-
planned afterward that it was desired
to outline some definite form of action
so that Tuesdays general meeting of
agents could be expedited
President Alexander and Vice Presi-
dents Hyde and Tarbell will attend to-
morrow's meeting. 1t is understood
that Alexander, Hyde and Tarbell will
be given opportunity to make any
statements they desire.
Jacob H. Schieff of Kuhn, Loeb &
Co. telegraphed from Hot Springs. Va.
to-day, that at no time and in mo- in
stance has he had any syndicate en-
titled y. H. Hyde and Associates. .
nor has he had any such interest with
any officer of the Equitable Life As
surance Society
ALBANY, N. Y, April 17.-Francis
Hendricks, State Superintendent of In
surance, to-day was served with a copy
of the order issued by Justice Scott of
the Supreme Court on the application
of Herbert G. Tull, policy holder in
the Equitable Life Assurance Society,
requiring the Superintendent to show
cause why he should not be restrained
from taking action on the amended
charter of the society. which has been
submitted to him by the board of direc-
tors for APPROVAL The order is also di-
rected against the board of directors.
1t is returnable on Tuesday morning in
New York City. Superintendent Hen
bricks has requested Attorney General
Mayer to represent him on the return
of the order and a representative OF
the Attorney Generals department will
be present at the hearing.
NO LEGISLATIVE INQUIRY.
Governor Higgins was asked tonight
IL there were any developments that
suggested the expediency of a legisla-
tive investigation of the affairs of the
Equitable Society He replied:
Il have not yet heard of anything
which has convinced me that legisla-
tive investigation of this insurance
company at this time would be of any
value
The Governor repeated his belief that
the investigation which is being con-
Quoted by the State Department of In
surance will be entirely satisfactory.
Speaking of the various matters con-
cerning this company's management.
reports of which have appeared in pub
lie print, the Governor said:
''All those matters are to be investi-
gated in proper manner and they will
be sifted to the bottom"
He also said that if there had been
any violations of law in the manage
ment of the company he believed that
1.-THE offenders could be proceeded
against under the general laws