The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1905-06-03
Equitable Directors Read Him
Out ofthe Society
MUST SELL HIS STOCK
Report Of the Trick COmmitie Re.
iected and IFS Chairman Ten.
dered Ills Designation.

NEW YORK. June @ a nrW liem.
meni 20 ihc parties concerned boo iho
controversy u ilc Equitable i.fe A..
surlnce society HnIrHusi in hife le,n
established when ihc directors meet.
lng began. Au interest irtfdiy iu Mr..
Hyde declared ihHi tlr chief object of
the meeting wHs Go enrof some nr.
mngrmpni whereby ilr REPORT 81 ihe
Fr.ck committee could he defeated and
withheld FROM publication. 1ms plan.
20 was sail hnu She support of Prcs..
dent Alexander and Dis friends.
On the other hand. h was said every
member of the Fuck committee 49,
we'll ns several of the known conserva-
lives ln the board opposed such plan.
u was said that u the report was vot.
'si down every member ~ the commit
tse and number OF directors would
tender their designations and that tho
report OF the committee would be made
public hy the retiring directors.
A conference between Mr. Hyde aud
bis friends and attorneys was held be.
fore the directors meeting aud IL was
noticed that neither T.. H. Hartman
nor Jacob H. Schln attended IL. al
though up 10 the time Of the prescnia-
ton u the Prick report IL was be-
llevcd that Mr. Hartman and Mr.
Schlr were strong supporters Of Mr..
Hyde. George J. Gould. however. at
tended the conference IN Air. Hyde's
Office.
After a short session the directors
took a ono hour adjournment. Tho
session was taken up principally with
statements made by President Alexan-
der and Vice President Hyde. oppos-
ing the adoption OF tho Frick report
f. H. Hartman. one OF the commit.
tee, when asked II he had anything to
say regarding the published memoran.
dun accusing him and other hnnnciors
OF conspiring TO throw the control OF
the assets Of the society into tho hands
of the Standard oil capitalists. said he
had not word OF comment to make.
The accusation referred to, which Is
being given wide circulation by It's au-
thors, whose names are not made pub
lie, claims Substantially that the report
of the Frick committee in its findings
against President james W. Alexan-
der. First Vice President James H.
Hyde and Second Vice President Gage
+. Tarhell Of the Equitable represent
conspiracy engineered in the commit
tee 10y Henry c. Prick, f. II. Hartman
and NJ L. Ingalls, to turn over the so.
ciety to the Standard oil interests.
The positive results Of the directors
meeting were the rejection Of the re-
port Of the Frick committee by the
very large majorit} of 81 to 10, the
resignation of Mr. Frick from the
board Of directors and the passage Of
resolutions embodying the following:
THAT a chairman of the board he
created with plenary powers over all
departments and affairs of the society.
That a nominating committee con-
slsting of ID. O. Mills. John A. Stewart.
A. j. Cassatt, L. Jefferson Coolidge,
August Belmont, j. b. Forgan and
Robert r. Lincoln be requested to re-
port at a meeting Of the board TO he
called on Wednesday next a candidate
for chairman.
THAT James Hazen Hyde be re-
quested within three months to dlvest |
himself Of the control Of the stock Of
the society on such terms and condi- |
tons as shall be satisfactory"