The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-06-01
PRICK REPORT ASSAILS HYDE.
HARTMAN ON A NEW TACK TO
CONTROL EQUITABLE.

Directors Meet and Adjourn to Give Time
for New plsns OF Campai sn-- Aiexsu.
der and Tarbell Not spared--Warrlns
Factions May he Forced Together.
The Frick comm ittee has made the most
OF the charges against Hyde. Alexander
and Tarbell."
This statement was made yesterday by
n man prominent in the Equitable society
after the board of directors had received
the report of the committee and had adj
jo,rned without making it public.
While the report contains no definite
recommendation for the removal OF any Of
the officers, the facts disclosed, 1t was said.
are OF such a character that they can not
be passed over by the board Of directors
without radical action
The report OF the committee, 1t was
asserted. was a complete surprise, not only
to the board generally. but to Mr.. Hyde
himself, who has regarded the committee
right along as being dominated by his
friend, E. H. Hartman, who Is himself
one Of the investigators. In fact, 80 COM
plete was the surprise Of the Hyde sup
porters that they regarded the report as
an evidence that Mr.. Hartman has thrown
them over without the least warning.
The man who made the above stat ement
added that 1t is now obviously the purpose
OF Mr.. Hartman to sacrifice Hyde. and
Alexander and Tarbell. too, If necessary,
to protect his own interests. The plan to
have Melville E. Ingalls, made chairman
of the board of directors, a new Office the
creation OF which is proposed by members
OF the Frick committee, is attributed to
Mr.. Hartman.
What Mr.. Hartman wants. said THE
SUNS informant. sis to have somebody
at the head OF the Equitable to protect the
millions OF dollars worth OF Hartman
securities which the society holds. This
he would be able to do with a man as chair
man OF the board OF directors possessing
powers exceeding those Of the president
Of the society and OF its other officers.
Mr.. Hartman, it was said, will attempt
70 carry through a program along these
lines at the ad. burned meeting which has
been called for Friday at II o'clock. In
the mean time, it Is asserted, there will be
eome OF the hottest sort Of campaigning
among the directors, and 1t will not be sur-
prising IL Mr.. Hyde and Mr.. Alexander
turn up at Fridays meeting allied against
the plans OF the Hartman coterie. Both
the Hyde and Alexander sides were up
in the air last night as result Of the re-
port and were holding conferences with
their lawyers, planning campaign.
Yesterdays meeting began at II o'clock
end continued until 80 when a recess of
hn hour and half was taken for luncheon.
THE meeting was not ad journed until nearly
+ O'Clock. These directors attended:
James W. Alexander, Louis Fitzgerald,
Chauncey NJ. Depew, H. c. Deming. Cor
felius N. Bliss, George H. Squire Thomas
b. Jordan, G. q. Smith. v. P. Snyder, Alvin
w. Krech, William Alexander, John J.
McCook, j. B. Forgan. c. Ledyard Blair,
Brayton Ives, NJ. E. IngallsS James h.
Hyde, E. H. Hartman, Jacob H. Schiff,
James J. Hill, 7. Jefferson Coolidge. Sir
William C. Van Horne. Gage f. Tarbell,
Marvin Hughitt. c. B. Alexander H. c.
Frick, NJ. Hartley Dodge, j. +. de Navarro,
Bradish johnson, A. G. Vanderbilt, H. r.
Winthrop, d. o. Mills, George j. Gould,
G. T. Wilson, William H. Mcintyre, H. NJ.
Alexander, H. c. Haarstick and David H.
Moffat. The remaining twelve Of the fifty
directors sent excuses for being absent.
H. c. Frick. chairman Of the society's
misunderstanding committee, announced
almost as soon as the meeting had been
called to order that the committee was
ready to present its report A typewriter
copy Of the report, almost hundred pages
long, was then handed to each Of the direc-
tors. Each copy bore on its face the name
OF the director to whom it was passed, and
all were warned that the copies we're not
to be taken from the room until the board
had acted definitely. Mr.. ingalls,, who,
with Mr.. Hartman, Mr.. Bliss and Mr.. Ives,
constitutes the rest of the Frick committee,
read the report. 1t took him two hours
and half to finish it. 1t was then that the
board took recess.
Both Alexander and Hyde had been
taken of their guard by the thoroughness
OF the report. Both, it was said had ex-
pected only most general reference to
the charges against them, probably with
severe findings against Tarbell.
Luncheon had been served for the board,
but neither Mr.. Hyde nor Mr.. Alexander
waited to eat it, They hurried away to
confer with their lawyers. Samuel INTER
myer, Mr.. Hyde's chief counsel, was wait
ing for him in Mr.. Hyde's private Office,
end two Of Mr.. Alexander's lawyers, Will
lam B. Hornblower and William n Cohen,
were waiting for him in the corridor on
tlc tIlI0 uOoI vi VIC AN1ultuoto DuAiSiAuSs
Neither Mr.. Hyde nor MIR. Alexander was
allowed to take a copy OF the report with
him. and 1t was crowded hour and half
which they spent telling their lawyers
what the findings Of the committee were.
For all they then knew the report might be
acted upon at once and radical reorgani-
cation recommended. Both went back
to the board room at o'clock with in
structions to ask for delay on definite ac-
ton for at least day or two.
The discussion on the report was spirited
and often personal. One thing was brought
out pretty definitely, and that is that the !
ma jority Of the directors refused to stand |
any anger for either Hyde or Alexander
Shen it comes to a matter Of policy in the |
society, and announced their determination |
to act Independently.
The request Of the Alexander and Hyde |
forces for delay was granted by the board |
after the discussion had been carried on
for more than two hours. Before the
directors left the room each was pledged
to secrecy.
1t was announced after the meeting that
the report would be made public as soon