The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-04-07
B FIGHT
ENDS|N|1 HARMONY. / J !
Such at Least is Official An
ilouncen1ent## OF Result OF 0
Meeting Yesterday.
PLAN FOR MuTUALlz i. j ! 4 |: a II
sHarri imam Chairman OF Commit
tee Appointed to Make Thor
ougll estigation.
, 1,
5fRv Associated Press J


NEW DIRK. April the fifty
mem BERG OF the Board 3of Directors 1of the he
Equitable Life Assnran nee. Society thirty:
eight assembled tn tn ipan y1s board .
nsonf. thisx terioon l our
ana sthir ty minutes 56t 'dscnssion 3inSt the
course OF which 1t IL understoo the whole
Equitable controversy was son e over, q n
rouncer,ent wa made that those present
unanimously had decided TO adopt the two
years rss,nutualizntion plan ANNOUNCED seve-
raj years ago. 4,
Rumors: Q of4resl lgnations do not bear fruit.
and 3it was authortatyely stated this
evening that none was tender ed. G
All Is Harmonious.
Everything harmonious was the tenor
Of the "official statement issued after
the meeting by Senator Chauncey NJ De-
pewfa and Cornelius Bliss. This announce
ment also said that a committee OF direc-
tors would thoroughly investigate the
company management.
Presid ent Alexander, of the company,
and James H. Hyde were present and
it@is notable that many Of t he directors
came from a distance In order to attend
the session. 8
h The plan for naturalization, as described
in the official statement, briefly provides
that the terms OF directors expiring De-
cember 81, 1905, and December 81 1906,
shall expire on the last day Of December
this year, their successors to be elected
the first "wednesday in December, 1a)o;
the terms expiring on theg last day Of
December, 1907, and 1905, shall terminate
December 81. 1906, and their successors
shall be elected the first "Wednesday in
December, 1906 II 4
Be -Four Classes.
There will be four classes OF directors
those elected successors in the so-called
1905 class to serve three years; those In
the 1906 class to hold office four years;
those to the 1907 class TO serve four years,
and Fto the 1908 class to hold office five
years.. There will be thirteen directors In
each class, six to be filled by stockhold-
ers and seven by pollcyholders:
There will be conferences with the State
superintendent OF insurance and with the
Policyholders' Committee by a committee
headed by Senator Depew, relative to
filling the two existing vacancies in the
directorate by the policyholders. these
two men to be members OF the Executive
Committee. These conferences also will
take up the appointment Of two more
mombcrs of the Executive Committee by
c. M Bliss. Ihe conference Will follow
out the plan previously suggested as
to the designations OF fourgof the present
Executive Committee to make room for
the new members. .J
A Full investigation.
Anew feature Of the Equitable matter
is the resolution adopted for tho appoint
ment5 OF a committed Of seven, headed by
u. n, Hartman, thoroughly to Investigate
Equitable affairs
During to-days mcetlg there were
various rumors OF controversy between
Mr.. Hyde and Mr.. Alexander, but so far
as known. nothing of hiskind took place,
The statement issued veaya speeches
were made by James j. Hill, M, y, In
gals ana others "lnssting upon a cessa-
ton OF the entire controversy and OF tho
use of the press, which lis SO Injurious
10 the company" and doing great Injury
TO all life Insurance companies.