New-York tribune., 1905-06-09
CAN'T PICK 4 CHAIRMAN.
WILL BE LEFT TO BOARD
Equitable Nominating Committee
Considers Many Names.

mating committee VIII submit nsl Oh HaiiieS c"
the meeting this afternoon and let the ooaro
take its choice. A meeting Of the connlltte'
Yesterday resulted in the canvass of long hs'
OF names the elimination of all save half
dozen. and inability to decide on one man.
Conferences of the lawyers on both SIDES were
held last night to discuss men for the place
Judge Gray of Delaware, is favored py MI
HYDE and HIS friends. but 1t is reported that he
would not take the place. Paul Morton was
mentioned as likely man. although II ID
Thought that he probably would decline Cen
erai Horace Porter ana oscar SlfauS " ~
names mentioned .
sfo,v 6ireotors feel that no result may De
looked for from the meeting to-day. Even II
the board could decide the man. 1t wouio %
unlikely that his consent to serve could pe oo
tanned Immediately, it was said. Many OF the
directors think that it is unwise to consider lHe
election of a chairman until the Henorlchs re
port is made public. No man would take 'ie
MACE they argue until he knew what the re-
MORT contained and what action was going 10
follow It
rb. candidates most favored by the various
interests In the board at present are judge
GRAY, Governor Herrick of Ohio in spite OF ms
statement that he will not take the place; POST
master General Corteiyou and Secretary Sha".
These names were considered at the meeting oi
tbs committee which attended by senator
Depew. August Belmont and David h Moll3t'
yen.. b. Forean. at Chicago. was in communi-
cation with the other members as was Geielai
Y,ouis rftzEeraId, who was out Of town.
Ex-rudge Alton B. Parker. too, was susseS'7o
hy one Of the committeeman.
rb. cou,rni,tee net in President AlexandeTs
prIvste room. It was session for ABOUT TWO
hours After the meeting all the members io-
fused to talk about the men under olscus'oAi'
bu. IL was learned that no decision haa peeIi
made
The possibility OF settlement OF the olIIlcuI'E
through the sale of the Hyde stock TO some IN
a.n.nsent financial interest man of receg-
u,-ed standing is being definitely considered IL
was learned yesterday. Offers recently nave
hsen n,ads TO Mr Hyde by several persons TWO
a. these. II IS said, promised S5.00oOo0 for the
stock. Mr. Hartman and Afr. Schiff' soon aIter
the trouble began, tried hard TO buy the Hyue
stock control.
Mr. Hvde has announced that he would not
sell his stock His friends repeat that ne VIII
~s;t tfKht" and fight it out, but in view OF the
difficulty in getting a chairman and the impend-
ing Hendricks report, with its posslphlues OF
endless litigation outgrowth. the sale OF
the Hvde stock eliminating the warning ele-
y,ents is regarded as the most likely way to
q settlement
The Hendricks report will be fled surely a
week from to-day. according to the Superin-
tsndent's promise to the commissioners or other
States although he hopes to have 1t nnlshed
earlier He continued his examination yester-
day Presiden. Alexander was interrosated for
long time. Henry Rogers Winthrop. financial
manager also was examined, and in the af
ternoon Mir. Hyde called for the second
time IN the investigation. This. with a few
minor details will complete the investigation. it
was believed.
The departments report, it is predicted. will
criticised about the management of the society,
and may go into details Of the business entirely
untouched by the directors investigation. The
officers expect that because of the report ac-
tions viii be begun by the Attorney General
for their removal, and although they say that
no charge can be sustained their lawyers are
preparing TO meet such charges.
Any legal action to remove the officers must
be based the syndicate undertakings, ac-
cording to the advice lawyer has given to
his client director. These. the lawyer says
perfectly legal, though possibly inadvis-
able. and the Attorney General will have to
lose his case, thereby furnishing a complete
exoneration Of the Equitable's officers
Other transactions, in investigating which the
insurance department had to have the aid Of
the banking department, would be brought out
IL predicted
The story that Superintendent Kilburn of the
State Banking Department had unearthed a big
scandal in the Equitable Trust Company in con-
1ection with Equitable Assurance Society funds
was explicitly and vigorously denied by all
concerned.
Alvin W. Krech president Of the EQUITABLE
Trust Company. said he knew no more about the
story than "a child unborn" Later he made an
official statement, as follows:
/ know absolutely nothing of a $4,000 600
scandai or any other scandal, which the
Equitable Trust Company of New-York has the
,shghtest connection l was not seen at my
house or at any other place last night by any
reporter, as stated by the morning newspa pers
The story Is made out of whole cloth II is o
beseiess nsstatenent.
What would be the use of denying it?r asked
Superintendent Hendricks "If deny this story
to-day III only have TO deny another one To-
morrow"
President Alexander said that there was no
truth in the story and that he knew of no ir-
regularites in the Equitables banking instItu-
tions
{ The executive committee Of the recently
formed National Association of Managing
Agents held a meeting yesterday in the Equi-
table Building. There were present Archibald
liaines. Charles ]. Edwards. Charles Wake, the
secretary. Joseph Bowes. of Baltimore and f.
"A McNsmee Of Albany. No action was taken
In regard TO the present situation it was said
More than score of the general agents are
In town now TO keep in touch with the situation
Their advances have been cut off and nany are
appealing to Gage E. Tarbell threatening to call
snother convention 10 present their grievances
something is not done TO help them. They
hope to get Mr. Tarbell to take some action at
the meeting of the executive committee to-day
which may be his last chance to bring about
action in an executive committee, as details for
the reorganization probably win be worked on,
ct the directors meeting
A fight is expected from the officers to prevent
NJ mai