New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-04-05

statement TO which I append the text Of my COM
/ propose that the stock in which / am interested
be transferred 60 trustees TO be voted Tor nte ~
directors. ,s. 49,,
question OF transfer OF voting control TO the pqH9E
holders and the methods OF conserving tho staolIt
II the board. upon such consideration. determines
70 retire the stock ! shall ehserf1lly a. the l
rights and equities OF both stockholders an9 R2lSS
Mr.. ALEXANDER's LETTER.
The letter to which Mr.. Hyde's friends re-
6erred. from President Alexander to SupeTdn-
tendent Hendricks. ran as follows:
Ny conviction stated at the beginning Of the
ment for the naturalization OF the Equitable SOci-
ETY., Is that full and complete and unqualified NUT
condtions and tendencies within the society. and
Sq PFSSe a 5eneoe 70 tne 5 sSs S e1 n eT
The proposed amended charter is compromise
between opposing Views within the board Of direc-
tors. Il was recommended by the special commit
eject resolution adopted On February T. n favor s
drectors Of The Societv Of Which COMMITTEES was
a member. after numerous meetings and very fall
mittee expressed grave doubts as to the legality
tae S awa1 tbs SI otng control without
the stockholders consent.
very explicit statement OF the supposed legal rights
% the stock ana G S5 int sfdc ie be
depended upon 10 resist in its own interests tne
that the concession embodied in the committees re-
port and subsequently In the amended charter we
which might have very serious results therefore
g 9 aGSSieS S "a s me ey that the pro-
posed division OF control within the society would
which believe a substantial naturalization would
cannot fOretel the result Of the operation OF the
proposed scheme Of giving TO the poncyholoe[s the
M a majority onlv after four years acquieSced
in the committees recommendations beIeVlng and
stating in substance that could not take the re-
fhe probable action OF the board IN rejecting that
measure Of control ana participation Whioh II So
cured to the policyholders. ~.
believed al the time that the ame1uneno II EIs
charter in the manner proposed YOU'D moi ersce
the power OF anendTnent eonLeIec og " t me aTrane
ment had been demonstrated further anen9nenSS
that my % vie% Of this subject may have
roneogs cannot say to a1 e ' slthougR
acQuesce in the report under the circumstances 70
which have referred.
COLONEL BACoN's STATEMENT.
Colonel Alexander S. Bacon. counsel for a
group OF pollcyholders. who has been making an
investigation for them, made statement which
contained the following:
The real leader OF the Alexander, or administra-
ton, forces Is Gage z. Tarbell, who was sue
cessful agency director and was promotes rom Ie
agency field to the executive Pohcyholders, nave
been led TO believe that when a successLut ana
executive office with it's immense salary. he has
been compelled to surrender to the company all all
appears that after ten or twelve years ne mas Just
sold interest amounting to SlSOOU IN IItJde
ers TO know how much this Boss croker OF me
Scao to I Become VicePresdent in NeW-Yor and
how many magnificent fortunes are given away IKE
bell while in receipt OF a large salaIy as an 81
ecutiye officer has also received munircent Denents
from the company. 1t is even suspected that this
SS50O is merely preparatory 10 SoSns Up ms Sen+
nection with the Equitable should be- IN Lne eXeG ny
the company find himself outside the breastWorks-
Friends Of Mr.. Hyde discussed freely yester-
day some Of the charges made against him.
That Williamson, who has been called a gar
dener or Superintendent of Mr.. Hydes coun-
try home was a servant at all they denied IN
stead he was a valuable officer Of the Equitable,
who had been for years the private secretary Of
Henry b. Hyde they said. At present he was
IN charge Of foreign agencies for the society,
with his headquarters at Mr.. Hyde's uptown
Office in 4Oth-st. The Cambon dinner. reported
TO have cost $4,000. cost only $4,000. they went
on and its character as a commercial affair
was recognized by almost every one but Mr..
HYDE The guests were selected, many Of them.
by President Alexander himself. ii was said. All
the Alexanders were there, and their lawyers.
Since the beginning of the Equitable trouble,
many marvellous rumors concerning the com
pany and what would happen to it have been
ahoat Among them the ultimatum to Mr..
HYDE which President Alexander never deliv-
cred A couple more came to light yesterday.
one was the declaration that Grover Cleveland
would be asked to take the presidency Of the
society, II Mr. Alexander should resign. Another
was that Mr.. Hyde would throw the society into
the hands OF a receiver, IL he were pressed too
hard. Both were secuted by everybody.
NO LEGISLlATIVE PROBE T.? !