New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-04-07
NATURALIZATION IN 1906.
Hyde Retains Po1Cer of StocE IN
Equitable Settlement.

characterized by determined efforts the
part Of several Of the most influential members
OF the board to produce harmony in the affairs
of the Equitable Life Assurance Society," the
meeting Of the directors yesterday. expected to
settle decisively the contest between James w.
Alexander and James Hazen Hyde. ended with
an advantage for the young vice-president.
The amendments to the charter providing for
two-year naturalization plan were adopted
The clause in them providing that any subse-
quent amendments must be by consent OF
three-ffths Of the stock. which the Alexander
people demanded taken out, was not removed
Naturalization under this plan Will be carried
out practically along the lines which Mr.. Hyde
consented to before the policyholders' commit
tee submitted plans. save that the twenty-eight
directors will be elected by the end Of 1906.
A committee of three men, all Hyde support
ers. was named to decide whether the policy
holders should be allowed to I'LL the two va
cancies existing in the board Of directors. and
whether four new members. two named by the
Crimmins committee and two by Cornelius N
Bliss should be admitted to the executive COM
mittee This committee was later enlarged to
include an Alexander man. A second committee
Of seven men, four Of whom are strong sup
porters Of the vice-president's policy, was named
to investigate the management OF the society.
These committees will report at future meet
April 12
This investigating committee, whose dominant
force viii be E. H. Hartman, will get to work
as soon as possible. President Alexander and
Gage E. TarbelI will be summoned before II. ae-
cording to information received last night They
will be asked to explain the charges they have
made against Mr.. Hyde and to show their
proofs. The committee viii investigate the petit
tion which was circulated demanding Mr. Hyde's
Il ,0 T1-a
dent Alexander aad the management Of the So
ciely's afTairs and the charges that Mr.. Hyde
| paid for social functions out Of the sOciety's
funds
/ A substantial gain for policyholders was the
result OF yesterdays meeting. InsstFategic posi-
tion rather than tangible results, a great ad-
vantage was gained for Mr.. Hyde. Beyond these
| points the Equitable warfare is unchecked
! President Alexander and Mr.. Hyde are no nearer
! personal Nieudliness than they have been since
the petition was circulated urging that the vice
president be forced out.
HYDE MAKES NO CHARGES
1t was literally directors meeting" The
customary cut and dried business procedure did
not enter. The charges which Mr.. Hyde had
& outlined to present against President Alexander
were never presented. and President Alexander
had no opportunity to present his defence and
counter charges, for both officers were made de-
PENDANTS by the directors Senator Depew.
James j. HILL Charles Stewart smith, Melville
F. ingalls,. Brayton Ives T. De Witt Cuyler,
John A. Stewart and others accused both sides
impartialIy of grave injury to the society by
the factional fight
+ The attacks made by President Alexander on
Mr. Hyde and the counter charges made by
Mr. Hyde against the head Of the Equitable
could have only effect. said they-to dis
credit the society," it's officers and its methods Of
/ doing business. Such warfare must stop. If it
didn't the directors would have to step in off,
ciaIly. for the situation had become so grave
/ that ii affected them. as the governing body Of
/ the society. Further discredt on the Equitable
/ was a discredit to them. it's directors. 1t had
come literally to be case Of self-preservatiOn-
/ This line Of argument. put forth by Senator
Depew as he put forth the harmony talk at
the Fehruarz meeting of the board, appealed to
almost every man present Alexander men de-
4 clared there was no objection on their part to
( the two-year naturalization plan Put to the
vote this plan went through. and President AL
! exander and his supporters did not think il
| wise under prevailing conditions. to- raise dis
! pute over. the clause giving The stockholders
/ protection as to future charter amendments.
Then from the Hyde side came resolution
/ appointing committee OF three to consult with
/ the Superintendent Of Insurance and the policy
! holders committee as to the election Of new
directors representing the pollcyholders and the
admission of representatives Of pOlicyholders to
the executive committee This committee will
report 20 the full board on April II. it is be-
Meved. or sooner. if it reaches decision Presi-
dent Alexander offered an amendment to the
resolution increasing the committee to four. so
Mp Bliss was added
The filling of the two vacancies in the
directorate was discussed toward the end Of the
meeting BY one of the Alexander directors
the names cf Frank Fl. Platt and cambridge
Colby were suggested as Elen whom the policy
holders committee might name. The Hyde ad-
berents objected and finally these names were
referred to the committee appointed 10 eOhier
with the polcyholders' committee about the
new directors. These men promptly re)eetei
the men suggested. They decided that both
had taken too active an interest In the 1ac-
/ tionaI nght TO make desirable directors
The committee also formulated its Ideas as to
The new directors The members decided that
/, whoever was named must be a man of reeog-
nized probity and OF good business reputation
not only In this city but in the country az large
that he might be a dtting fellow worker with
the present directors and might be recognized
bv the policyholders all over the country as a
proper man for the place.
a MoRNING OF CONFERENCES.
An the morning there were important con-
ferences between principals and lawyers on both
sides. President Alexander was clOseted with
Rainbridge Colby and ex-Judge William ~
Cohen his counsel A meeting was held in
Mr. Harriman's ONCE. at which were Mr. Hyde
Continued on second Da<r.