New-York tribune., 1905-06-08

s1E
-, onre more called 10 the chair, when po'i'
af ,az.sa, was raised that q motion calling upos
the p-esident and ce-president 10 resisii -
,.larInr their offices vacant was our Oh oiNe''
,reir tenure of Office was fixed by the D. .ia"
After debate the presiding officer ruieo t.a'
-he motion was out of order. susse
,,,ade bv Mr. Ives that it might be wen 10
nn,end th. bylaws to provide for the '--
md duties of chairman before proceeding u
select an incumbent for that post was con-
,,--ed in bv the chairman. recess was 'lte
.alen after which the board convened IN speNiai
meeting. Amended bylaws were ofered ps
n Alexander which defined the duties Vi '-0
chairman. 10 whom plenary powers over Tue
other officers are given and VINO IS 10 0e az
oorutable only TO the board of directors
In answer TO a question Mr.. Alexander
said that Superintendent Henorlcks heu
declined 20 take up at this time the ques-
,,or of amending the bylaws: but ne
added that he had consulted with H NJ Alex
ander concerning the proposed amendments ana
that the latter had concurred in them. Edr
Ives said that the board should not De asked 10
confer such powers upon any officer as was
,,roposed TO give the chairman. without having
onportunity to consider the subject; ana ne
therefore made a motion, which was carried
that the proposed bylaws be printed ana ac'i'"
upon them be deferred until Friday
The general meeting was then reconvened-
Nr. ives said that he felt that more blame at
tacbed to the attorneys for the president anu
vIce-president than to those officers themselves.
rrbav had been too much under the influence OF
-, 7-bey headed a sincere friend, to give
.,.r, euch advice as a brother would give. ana
y. would volunteer to act such His aovlce
xvouId be that both submit their resisna-
,ions TO become effective on the election OF theli
successors II half Of what either MIR. Alex
s,der or Mr. Hyde had alleged against the otner
was true he declared, no one would accept Ine
craftsmanship while they remained IN ONCE
Mr. low again expressed his friendship rof
both Mr. Alexander and Mr.. HYDE. pu1 saiU
that they had erred, although prooaDly' WIN
out wrongful intention, and therefore should re-
.,.r o+ oncs. and for the second time he moved
that they offer their designations This rnotioh
was declared out Of order by the temporary
chairman, Senator Depew-
WITH PEACE ALEXANDER WOULD QOi1'
Mr. Belmont said that, like Senator Depew' ne
felt it his duty remain in the board until tie
present complications were adjusted, although IL
would be the more pleasant and easy course 10
resign He believed that the president and vice
president rlerited the criticism which had been
passed on them by the Frick committee pur
he did not indorse all that that committee mao
done He did not think that the two officers
referred 10 should be compelled to resign Presl-
dent Alexander said that he did not want Mr.
Belmont and the other directors TO have the I'M
preston that he had pledged himself to resign
At any particular time; he had simply desired
10 say that if the present troubles were salts
factorily adjusted he would then be glad TO re-
tire
no LONGER TO BE DUMMY.
In speaking to his resolution, Mr.. Smith ex-
pressed his regret at the resignation Of some
of the men who had retired from the board The
president and vice-president had not, he be-
hexcd committed Intentional wrong. hut they
had placed themselves In such position that
they could no longer retain the confidence of
tie public The charges that man.. of the di-
rectoTs had been dummies he declared were
well founded. He and his associates had had
other function to perform for years than
that Of ratification. No questions had been
placed before them for decision. not a
question of fixing single salary. He could
no longer act a dummy. for he could not
do it and maintain his self-respect. and other
directors were in the same situation. Some
body suggested that be resign. to which he re-
torted that he did not propose to run under fire
and get bullet in the back. but had made ur
his mind to the trouble through. adding
that some Of his associates might find him q
thorn in their sides. MI Smiths resolutions
\ were seconded by Mr.. Ives
II rather think those resolutions will show the
people that tbs directors have some sense of de-
cency and honor left. and a great regard for the
reputation of the fine old company they serve
said one of the most influential members Of tbs
BOARD. as he left the meeting. THE Equitable
VIII regain its prestige with bound when tn,
public sees that we mean business
Discussion as to the chairman of the boart
was slight owing TO the refusal of all but tive
members Of the nominating committee to serve
Instead the new committee was selected will
instructions TO fix, a candidate and report tC
the board at another meeting Tomorrow If a
that time candidate has been chosen. indi
Tidual directors Will make suggestions to tn,
board but it is felt that a candidate will b,
found. All the members OF the new committe,
consented TO serve.
The new nominating committee will hold :
meeting to discuss names Meantime its mem
bers are in communication with Judge Geore,
Gray, Of Delaware. It was learned last night
hnd no further search for candidate will b,
made II his acceptance can be Obtained. In th
discussion preference will be given to a ma,
with practical insurance experience, even If h
nave not 50 wide reputation as some of tn
o0ner men suggested, hut members of the com
hittee feel that to get a good man with insur
ence experience will be extremely hard
NONE OF RESERVATIONS ACCEPTED
No designations were accepted at the rneetfn,
ana 1t was learned that some members of tn
BOARD still have hopes of inducing those VIII
have resigned TO come back into the rold
resolution was introduced al last Fridays meet
ns inviting Messrs. Bliss. Frick and Harrima
TO reconsider their decisions. This invita- tio
Sun stands and one director was optimisti
enough to say that ali save Mr. Hartman nigh