New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-05-23
ANOTHER HYDE VERSION.
EQUITABLE VAR MOTIF Il.
Tice- Presidents Adherent Says Tar
bell VII Be Forced Ont.

when The directors OF the Equitable Lie As
surance Society receive the report oL ''io -.
Investigation committee next week.
an su probability they viii request ~
-nediate resignation Of Gage E. Taroeii. 49, =
5,-ector who is friendly TO the Hyde
-, Ta-h.u said this director. would
have 10 resign o. be dismissed an"
.,.~.,d.r x-o,,Id be told that his reslsnatoh
...,,1d he the only thing by which peace IN 'he
@ociety could he restored
M Alexander. in answer TO previous ass -
zion. Of this nature. has denied tna' nc "a
,as,vn and Mr. Tarbell has also declared l'1'
he cannot be forced out
Mr. HYDE would not have TO leave ms Pia0''
said his friend although the board might oei.-
sure him 10 some extent FUTURE - :,
,,,dsrv-rttirys in which officials or directors "a
r,;,ht deal in securities which the
80, ,o-s,5.red good investments would DC
haired he thought
c.xe NJ. Tarbell is 10 be called TO TESTIFY To-
-,orrovy by the State Superintendent OF Ihsur-
.noe when he will be asked If he has not Helu
i. written promise from President Alexander 70
-.si.-, At a certain date, when Tarhel would De
ado president. Such paper is believed to be
On existence and efforts will be mace 10 ois-
cover its whereabouts, 1t is said.
A H Knowles, who is TO be called Also VIII
n. asked 10 prove his charges of conspiracy and
,,snnhant who was recently insured for $3.50
,ooo will also be asked TO tell what he knows of
the system He is said TO have received his
6rst years premium and a considerable rebate
for the following twelve years. Superintendent
Hendricks Is anxious to have this merchants
Testimony but as he cannot compel him to tes-
tifv he is dependent the merchants good
will.
In addition to the Frick report, some kind of
preliminary report from Superintendent
Hendricks is expected at this meeting Of the
directors. He Will decide. it is thought that
the syndicate transactions were legal, although
possibly injudicious from strictly ethical view
he will recommend a change in business METH
DDS employed by many of the Equitabie's des
partuaents, il is expected.
AS a result Of the Frick report and Superin-
1en6ent Hendricks's announcements. the dtrec-
tors will vote at this meeting 10 give back to
Mr.. Hyde his check for $4,000 profits from the
syndicate operations. his friends believe The
call for the meeting sent out yesterday
II asks The directors to attend the regular quar-
teriy meeting at II 8. M an hour ahead of the
usual time.
One Of the directors related yesterday a dif-
ferent story of the beginning OF the fight. 1t
came when Mr.. Hyde. returning from trip TO
Europe. found that President Alexander had
vetoed some of his orders, said the director.
Five months ago there happened to be an
Office in the society vacant-not big thing, but
fairly desirable said this director. Mr.. Alex
ander wanted it for one of his He spoke
10 several directors about IL and they promised
support his request if Mr.. Hyde was willing.
Mr.. Alexander instead Of asking Mr.. Hyde about
II, told him that he wanted his son to have the
place and already had the sanction of the board
Tor it Mr.. Hyde said that he could not make
the appointment, for the board never would
approve il, and that he personally would not
approve II, as he did not believe in having the
Equitable family concern. The directors
turned down the Rrnninrnnenf