New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-06-15
CONFER ON " AUTO" RIDE
Also At THE CLAREMONT'.
Morton and Ryan Talk Equitable to
Kingsbidge and Back.

stock, conferred last night the reorganization
of the Equitable and the steps Mr.. Morton Is to
take, as well the Hendricks report and what
it's effects are likely to be. They conferred
in an automo bile; they conferred at the Clare
mont and they ended the conference at mid
night Mt the Hotel Wolcott. where Mr.. Morton
is staying.
Mr. Morton and MIR. Ryan had talked togeth-
er earlier in the day at the office of the Morton
Trust Company after the meeting OF the
executive committee of the Equitable, but they
wished to confer further away from the lynx
eyes Of the financial district. where conings ana
goings are noted sometimes with pecuniary loss
or gain Mr.. Morton reached the Hotel Wolcott
at 40 D. m. Fifteen minutes later Mr. Ryan
rolled up to the hotel entrance in his car The
new head of the Equitable Immediately joined
the hnancier and together they talked on the
happenings of the day in the executive commit
tee meeting and the problems still to be solved,
while the driver guided the car up 5th-ave and
to Riverside Drive. He stopped at the Clare
mont where Mr. Morton and Mr.. Ryan dined
and continued their discussion.
Dinner ended, they jumped into the automo-
bile again and off it went. While it sped at no
sraiPs pace along the Lafayette Boulevard the
various phases of the Equitable situation were
gone over again and again as different points OF
view suggested themselves. On sped the vehicle
until Kingsbridge was reached. Here turn
about and back to the Wolcott. Still
Equitable, Equitable the burden Of the con-
versation drowned by the hum and buzz Of the
motor.
The return trip ended at the wolcott few
minutes before IL o'clock. Business and recrea-
tion had been combined for over four hours. but
on arriving at Mr.. Morton's hotel Mr.. Ryan ac-
COMMANDED the former to his apartments, where
49, extended until midnight.
THE EXECUTIVE COMMITTEE MEETS.
Mr.. Morton said, on his return to the Wolcott.
that he had nothing to say on Equitable af-
fairs.
Beyond electing Mr. Morton to membership the
executive committee at its meeting yesterday
tool, no steps toward the reorganization of the
management. Nothing will be done in that
direction according to Mr.. Morton. until after
tho renort Of Superintendent Hendricks is made
Dublic. which is not expected to occur until next
week
Two sessions of the executive committee were
held the regular one, lasting for about an hour,
at noon. a second one, devoted principally 10
exhaustive fnterrogations by Mr.. Morton laee III
the afternoon. The officers of the society at TINS
meeting did their best to answer the ne" cii"ii
, irc,;ries as to technical points in the IN
s,,rance business. At the regular rheellhS 'eAN
n. HYDE chairman of the committee Hreslueh'
.Iovorder Gage E. TarbeIl. George T. Wilson,
William H Mcintyre. Valentine T. onyuer, Ai'i"
w Krecb. H. C. Deming and Thomas ID. JORDAN
were present.
poeora the meeting Mr. Morton had a snort
TON, with President Alexander. after whlcn he
went 4o the Morton Trust Company, where ne
saw Mr. Ryan, spending most or the lhoiliiiie
there Gaze E. Tarbel saw Mr.. Morton tnere anu
was closeted with him for consloeraDie 'iiiie
Neither would tell the purpose OF the Vlslt' pul
q MAS said that he went to give Mr.. Morton In
formation about the business being done by the
EQUITABLE and incidentally to make TINS a rea-
son for his retention by the society
The executive committee will hold another
meeting tomorrow, but probably nothing save
routine business will be transacted. Mr. Nor
ton said Yesterday that what would be done then
demanded on several things now pending.
"All we did at the meeting to-day was TO auo
me to the executive committee" said he The
executive committee was not reorsanzeo aS lne
directors provided at the last meetlhs' anu ho
change was made In the finance committee
have not accepted any of the designations Oh the
officers which were placed in my hands. and L
shall do nothing about them until L nave seen
Superintendent Hendricks's report.
I'VE are waiting for that report before taxing
any decisive step We don't know what 1t will
contain and. pending such knowledge, our plans
/
are only tentative. I have not talked with
Superintendent Hendricks and do not know
what his investigation showed.
Il have not outlined any policy yet l can
not outline any policy until 1 know just where
I stand. and I'm not of anything yet NO
designations can be accepted and no policy out
lined until we know that we are on the right
| track
A meeting of the trustees of the stock pur-
chased by Mr.. Ryan for the polcyholders synoi-
cate will be held to-day if ex-President Cleve-
| land can come to this city If he cannot, the
| other trustees may go to Princeton. The lawyers
are working on the deed of trust, which Is
| nearly finished-"a matter Of hours" it was ex-
| planned Yesterday This deed may be ready for
the meeting. and will furnish the chief topic for
discussion.
! The sol shares of stock sold by Mr.. Hyde to
the Ryan syndicate brought S173oOoo accord
ing to a story In insurance circles yesterday.
Mr.. Hyde's friends have said that he sold his
stock to the highest bidder Three syndicates
were bidding and 1t was said that Immediately
before the Frick report was presented Mr. dar-
riman and Mr. Frick offered Mr.. Hyde $1,000
| 600 for his stock The Gould syndicate was
| equally anxious to purchase it, said Mr. Hyde S
| friends.
The renort is being hurried TO completion.
| sunerintendent Hendricks. NJ. E. DriscoL. his
| counsel, and Deputy Superintendent Hunter are
all at work on It. Superintendent Hendricks
will not say when it will be ready, but is Is
| ,rdars+ood that il probably will be made public
on Monday or Tuesday of next week.
| The $50 shares of Equitable Trust Company
| etock and 300 shares of Mercantile Trust Com
many stock which were offered at auction on the
Real Estate Exchange yesterday did not interest
bidders. They We're bought in hnaHy Tor the
owners The Equitable Trust M Company stock
was put up lots of 215, 22,. 80 and 10 shares.
The lot of 275 shares was sold for 6S0 the other
lots brought 500 The Mercantile Trust Com