davidaulloa/AmericanStories huggingface dataset:
The Providence news. (Providence [R.I.]) 1891-1906, 1905-06-10

and Mr.. George Westinghouse or Pitts
burg. 10 act as trustees OF the stock. The
last two named are among the policy hold
ers OF the Equitable
The directors OF the Equitable went into
session this afternoon at o'clock. the
meeting being attended by 27 OF the re-
naming 81 directors.
From his private office after consulta-
tion woth his lawyers, Mr. Hyde issued the
following letter:
To the board OF directors OF the Equita-
BILE Life Assurance society OF the United
States:
Now that the legal rights Of the stock
holders have been determined by the SUI
preme court OF the state / have reached
the conclusion as the result OF the most
earnest and anxious reflection that the
welfare OF the society founded by my
father and which have so deeply at
heart demands that the STOCKS contrt~,
shall cease TO be vested In any one per-
son and that should part with a major
ity OF the stock In such form that no one
individual shall continue in control OF the
destinies OF the society.
/ have accordingly but not without great
hesitation and personal regrea, sold the
stock which my father placed in trust.
The Providence news. (Providence [R.I.]) 1891-1906, 1905-06-10
MAKE IT PERPETUAL


"In order that the chairman who has
been selected may have free hand in
the management. | shall hand TO him my
resignation as vice president for sucn
action as you may deem advisable You
may rely on my earnest cooperation at
all times In the accomplishment OF the
task Of reinstating the society in the
public confidence e-aAa-esteetn4-
'"rhe purchasers OF the stock have ex-
pressed their intention to divest them
selves Of all voting power and immediate
ly put control OF the company In the
hands OF policyholders, Notwithstanding
the pending litigation. by conveying the
stock 10 board OF trustees OF such char
acter as 10 command universal confidence
and not connected with any financial in
stitution. and giving them power 10 vote
N for the election Of directors as 10 IS
Of the so directors as instructed by the
poltcyholders and as 10 the remaining
"a directors according 10 the uncontrolled
judgment OF the trus tees; thus following
the plan OF naturalization already ap-
proved by the insurance department, and
eliminating the one-man power 10 which
SO much objection has been made
Provision is intended also 10 be made
for an amendment ~ the charter. so as
TO perpetuate this control Of the policy
holders
IL think YOU will find everything pos
sihle has been done 10 insure the re-
sumption Of the interrupted prosperity
Of the society
VERY respectfully yours.
sTANTpsS u HYDE"
The Providence news. (Providence [R.I.]) 1891-1906, 1905-06-10

II Is known Brayton Ives from the out
Get OF the controversy on the side OF the
conservative element. protested against
some OF the proceedings of the meeting
and is believed 10 have voted against
Mr.. Morton's election.
The new chairman. to further quote
Senator Depew. did not consent TO take
office until he had received positive as
surances that he would have free hand
as 10 measures and men"
Hyde "divested" himself OF the ma
lJority control. but as made clear In his
letter TO the board. retains a substantial
Interest in the society,
All of the resigxations submitted 10 the
meeting are subject 10 the pleasure Of
Chairman Morton. and none has yet been
accepted. Just what action Mr.. Morton
will take as 10 these designations was
not disclosed. but IL was strongly in
timated that President Alexander and
Vice Presidents Tarbell. Wilson and Nc
Intyre retired with the belief their ex-
ecutive relations with the Equitable had
ended. ~
POSSIBLY FIVE MILLION.
The interests 70 which Hyde disposed
OF his stock number some two score in
dividuals. led by Thomas F. Ryan. vice
which has close relations with the Mutual
Life Insurance company one OF the
Equitable society's. principal rivals.
Ryan is.. said TO he heavily insured in
the Equitable. as are. according to re-
port many OF the others who acted with
him in the purchase OF the Hyde hold
ings.
The price paid for the Hyde estate
stock. which is TO ibe trusteed practically
IN perpe,uity, was not disclosed but es-
Inmates vary from s3.50oooo to So. 100000.
In addition TO the SOP shares held by the
Hyde estate. which includes the widow
OF Henry b. Hyde. founder OF the society.
and his daughter. Vice President Hyde
is said TO hold between 1s0 and 10 shares.
and It is these holdings which Mr.. Inter
meyer refers To as the Substantial in
terests' which his client retains.
Mr.. Untermeyer makes this statement
relative TO the Hyde interests in a state
ment quoted bedow. He has since the
beginning OF the Equitable controversy
acted ais Mr. Hysie's counsel
MR. RYAN'S STATEMENT
TheS men requested TO hold the majority
stock My Mr.. Ryan, arc former President
Grower Cleveland. George Westinghouse
The Providence news. (Providence [R.I.]) 1891-1906, 1905-06-10
BISHOP
FILLS TWO
VACANCIES

Bishop Harkins yesterday appointed
Rev. d. NJ Lowney OF this city to the
pastorate Of ST. Joseph's church. Paw
tucket. and Rev l.. ]. Deadly OF Newport
10 the Sacred Heart church. Pawtucket
Rev Fr. Lowney takes the place made
vacant by the death OF Rev. FIR Kin
nerney. while Rev. FIR. Deady succeeds
the late kev. John Harty. who died
recently at St Joseph's hospital
FIR. Lowney. who is now in his 4lst
year. is particularly we'll known In this
city and throughout the state. and up 10
the time OF yesterdays appointment by
Bishop Harkins was rector OF the Cathe-
dral He was born In ireland. but came
TO this country in his infancy. his home
being in Fall River.
He received his early education in the
parochial and high schools OF Fall River
and took his classical course In Manhat-
tan college. afterward completing his
study for the priesthood AZ the Grand
seminary. Montreal
He was ordained IL years ago. and his
first mission was al St Mary's on BROAD
way
Rev Louis j. Deady is 80 years of age
and for nearly ~ years he's been connect
ed with the priesthood a. curate and
pastor His family came 10 this country
from ireland when he was few weeks
old taking M their residence I'm St Jo-
scphs parish in this city. lie received
his higher education at St Mary's col
lege I'm Montreal. where he graduated IN
the summer of 1874 The fall of that year
ls-----..+e-ed- 'ir~uiuEirat vruIr-
nary I'm Montreal whore he was ordained
TO the priesthood three years later. in
December. ls57
The Providence news. (Providence [R.I.]) 1891-1906, 1905-06-10

OF Pttsburg and Morgan ]. OBren.
recently elevated 20 the chief Justice
ship OF the appellate division OF TIE SUI
preme court OF this district.
Mr.. Ryan is the acknowledged head Of
the Metropolitan Traction companies. and
only fortnight ago induced Mr. Morton
TO ally himself with this interest as the
operating chief OF the New York Central
Railway company by which title the Met
ropolitan surface lines and their affiliated
companies in Manhattan and the Bronx
are corporately known.
Concerning the purchase OF the Equit-
able stock and the disposition OF IT,
Thomas +. Ryan said:
I'm connection with some other policy
holders who. like myself. have never had
any relations with the Equitable. except
as policyholders have purchased from
Mr.. Hyde a majority OF the stock OF that
society.
I'VE have made this purchase for the
sake OF putting an end 10 the present
unfortunate condition OF the company's
Affairs. not only in the interest OF the
polioyhoders. but for the general busi-
ness interests OF the entire country.
NATURALIZATION PLANNED.
we purpose upon receiving the stock 10
Immediately divest ourselves OF all voting
power and accomplish in substance and
erect the plan OF mutualizat ton already
approved by the superintendent OF insur-
ance
we propose 10 do this by conveying
the stock 10 a board of trustees composed
OF men OF such character as To command
universal confidence and having no con-
nection with Wall street. with power TO
vote the stock for tho election or direct
ors, as To twenty-eight directors I'm ac-
cordance with the instructions OF the pol
icy-holders OF the society. and as 10 the
remaining twenty-four directors in ac-
cordance with the uncontrolled judgment
OF the trustees
This will at once accomplish the object
OF putting the control or the company I'm
the hands OF the pollcy-holders and will
eliminate entirely the one-man power TO
which so much objection has been made.
"Our willingness to take this course has
been influential In inducing Mr. Morton 10
accept the chairmanship OF the board and
TO undertake the reorganization OF the
society. which II is our wish TO have made
as thorough and complete as possible
HYDES PARTING SHOT.
Z have already asked ex-President
Cleveland, Justice Morgan ]. O Brien.
presiding Justice OF the appellate division
Of the supreme court OF this department,
The Providence news. (Providence [R.I.]) 1891-1906, 1905-06-10

Lowest Rates to Denver. Colorado Springs
and Pueblo and Return via the Nickel
Plate Road.
Account the Epworth league and Eagles
conventions For rates. dates on which
tickets are sold, return limits and full
information regarding routes, sleepers,
etc. write l.. p Burgess n f. p. A,
Old South Bldg. Boston. Mass
The Providence news. (Providence [R.I.]) 1891-1906, 1905-06-10
FASHION PLATES Of THE
MACUlLAR, PARKER co

The MacullarP Parker company has Just
put out It's detached booklet of fashion
plates for the year There are twelve
beautifully engraved plates In the mum
her together with circular giving q
description and price ~ the various gar
ments
II is most convenient way for the
prospective buyer 20 sec just what style
~ suit he desires and it IL indeed an
excellent guide To proper dress"
The Providence news. (Providence [R.I.]) 1891-1906, 1905-06-10
Nickel Plate Road Again Offering Very
Low Round Trip Rates 20 Portland and
other Pacific Coast Points.

-r-tCKTts ON sHt1 evrry dav 70 Portland
and return. account the Lewis a Clarke
Exposition and on certain days In June
July and August 10 San Francisco and
Los Angeles and return. account Of va
rious national conventions
For full particulars regarding routes
rates. slcepers. etc. write l. p. Burgess.
y r. p. A.. Old South Bldg, Boston,
Mass.
The Providence news. (Providence [R.I.]) 1891-1906, 1905-06-10
MOTION wouLDNT TALK

Later came Mr.. Untermeyer's state
ment. which follows;
Mr. HYDE has sold \ majority ~ the
stock 10 n group of policy holders rep
resented by Thomas r. RYAN. and ot
whom he is one. MIR Hyde retains sub
stantial stock interest and will continue
10 be Identified with the company.
"All the officers. Including Mr.. Hyde,
have placed their rcsignations in tho
hands of MIR Morton. subject 10 the con-
troll and disposition of Mr.. Morton. The
interests of the policy holders have been
most carefully safeguarded by Mr. Hyde,
as will be apparent from the terms of
his letter 90 the board -
- Mr. Murtuu- -frft-tiTr feUTrttHntr nrT1tdiug
by a private exit and went to tha Nor
ton Trust company. where he vas CLOSET
Cd with Mr.. Ryan and several others. in
cluding MIR Untermyer
Mr. Morton declined 20 discuss the
meeting except 90 say he had relinqulshed
the position as chief ~ tho Metropolitan
Traction company and lts proposed sub.
Continued on page -Four.
The Providence news. (Providence [R.I.]) 1891-1906, 1905-06-10
CLASSIFIED ADVERTISING IN THH
NEWS.

ic. per word first insertion. Nc repeat.
iwk. &c. per word. 2wks SC. per word;
swks. &C. per word; imo. Sc per word
The Providence news. (Providence [R.I.]) 1891-1906, 1905-06-10

am advised that as the holder OF the
controlling stock I have the power and
hence the responsibility OF repairing the
damage that has been inflicted upon the
society. insofar as that may be possible.
PROSPERITY HIS PRIDE.
1T Is in the discharge of that respon-
sibility that l have parted with the ma
jority OF the stock In the interest OF the
policyholders and in a form which / be-
lieve will enable the society 10 regain its
prestige and resume its interrupted era Of
prosperity.
III that be the result | shall he con-
tented In this connection YOU will per-
haps pardon me for repeating what
have so often said 10 YOU that through
out my career with the society It's in
terests have always been upper most and
terests have always been uppermost and
have never consciously done or -mitted
anything which would be 10 It's injury or
disadvantage
II hope | may he pardoned the state
ment that the prosperity OF the society
Of late years is at this time my greatest
source OF pride and consolation. l am
quite content TO submit my acts in con-
nection with the management of the So
ciety 10 the verdict OF all fair minded
men when the mreasonng public clamor
induced by the false and sensational at
tacks upon me shall have passed.
II shall retain n substantial stock In
terest and hope TO continue to be iden-
tifed with the affairs of the society as
a director and in such other ways as may
be deemed desirable"
The Providence news. (Providence [R.I.]) 1891-1906, 1905-06-10


Hose Z extinguished chimney fire at
PSI Dyer street. at o'clock yesterday
morning; no damage
Philip Lamotte pleaded not guilty. when
accused OF non-support this morning and
was held in 5000 by Judge Rueckert for
trial next Friday
Mary Gillese Of Ocean street, had an
attack of faintness when at the corner
Of Plain and Rhodes street. at $50 o'clock
last night She fell, sustaining a cut on
her forehead Her parents took her home
Thomas Finegan was fined s. and costs
in the Police court today for reveling on
Warren street yesterday. Finegan threw
stones at some Italian women who were
returning from work at Budlong's farm.
Samuel Barr was fined s. and costs IN
the Sixth District court for malaciously
overturning Charles Belgierr's junk push
cart, al the corner OF Huntington avenue
and Westminster street, yesterday and
breaking Is bottles.
Arrangements are being made for land
ing the boats OF the Enterprise Steam
boat company al Newport for the ac-
passenger service. At present the boats
run no further than Fall River.
A horse belonging To John Di Orio OF
IS Dean street. ran away from in front
Hose companys house, Richmond street.
at 9:45 o'clock last, night. At the corner
OF Point street. the runaway colided
with an ice cream peddler's wagon,
sprfnging The forward axle of that vehi-
Gle.
A collision occurred between two car
riages on Broad street. at $50 o'clock
last night one was I'm charge OF Mat
thew Finley. of 900 Broad street. and in
the other were Mr.. and Mrs Wesley f
Barrows Of l23 Broad street. Mrs Bar
rows was thrown out and slightly in
jured.
Hyman Gurisein. II years old resid-
ing at 55 Ashburton street and employed
by B. Flinck & Co. 40 Gladstone ave-
nue., was thrown fro ma wagon while on
Ashburton street. at 4:U5 Yesterday after
noon. One OF the wheels passed over his
head and probably fractured his skull. He
was sent to the Rhode Island hospital.
Louis LAmphere. II years old. was held
In 800 by Judge Rueckert this morning
for trial June 20th. on the charge OF
stealing an umbrella. valued at 81 from
John Sanders. The boy. with three others.
stole four umbrellas from Mr. Sanders
store on Eddy street. two weeks ago.
Three OF the umbrellas were sold. The
other was thrown back to the store a
few days later
The East Side Praying band will hold
a revival servi~s at the South Christian
church, High street, Bristol r. L. Sum
day evening a { o'clock. Roger w. Muir
ply will have charge OF the meeting
George w. Lewis. the gospel singer
will sing. The public is cordially invited
The Warren and Bristol Suburban cleo
trio car leaves Market square M 4.50
p m The fare is 20 cents each way from
Market square
The Providence news. (Providence [R.I.]) 1891-1906, 1905-06-10


navy yesterday
Alexander President
3 President Mcintyre
chauny Depew
Equitable
wano 20 aitogether harm
The Washington times., 1905-12-24
MRS. R|TTERHOFF'S
LASCERATED HEART
AmatOry Epistles Tell Sad
Tale In Divorce Court.
TOOK COGNOMEN OF BABY
Washington Woman's Domestic Felicity
Was Influenced by the Cruel 70
diacal Sign of CapricOrnus.
TOOK c0GNOMEN OF BABY"
Did This Guide Her i?

Everybody should study astron-
omy. II arouses the imagination.
and the Imagination is the most
God-like OF human faculties. be-
cause IT is the most creative"
The Washington times., 1905-12-24
ALhAS MOBILES
TRULY NOBLE
Mystic Shriners Distribute
Hundreds of Baskets.
TON OF CANDY FOR URCHINS
Charles Jacobsen Warns the Hearts
of Hundreds of Poor
Children.
TON OF CANDY FOR URcHINS

Hundreds Of poor families will enjoy
a good Christmas dinner tomorrow
through the generosity of the $50 mobiles
OF Almas Temple. Mystic Shrine. From
: o'clock in the morning until noon
yesterday the basement Of National
Rifles ArmOry on G street. was one
huge distributing station for the 200
Christmas baskets that were given out
TO as many worthy poor families.
Each representative brought a card OF
recommendation from some noble or the
Temple The idea OF distributing bas-
kets OF material from which 10 build
the famous dinner is said TO have or
iginated here with the Mystic Shriners
nine years ago. While il is remembered
that at one Christmas years ago a larger
number OF baskets than zoo was given
out il is said that never before have the
baskets contained such a gOodly supply
as YESTERDAY
The Washington times., 1905-12-24
WARMERS MOVE
MEANS BIG SAVING
correspondence Section at
Pension Bureau Abolished.
WORK Is DIS STRlBU TIE D
New Plan Does Not Mean the Dis
charge of Amy of the
Employees.

Abolishing complete section or di-
vision in the Pension Office. and saving
the Government $4,000 annually. is
Commissioner Warmers latest move to-
ward perfecting his reorga nization
scheme that he began about two months
ago.
The section Of correspondence. where
on an average twenty-five clerks were
yearly employed and where 1900 a
year was expended in clerk hire alone.
was disbanded week ago.
Mr. Warner, in his new role as an or
ganizer or reorganizer on business meth
DDS. could not clearly see why the cor
respOndence OF the Pension Office should
be classed under a separate section lie
questioned the different chiefs OF
bureaus and divisions on the feasibility
or advisability of discontinuing the cor
respond.lcc section" and distributing
the work in the divisions 10 which it
really belonged.
The Washington times., 1905-12-24
Not Liked at First.

The idea at first was not agreeabiy
accepted II was pointed out that the
correspondence section" was instituted
nearly two years ago by Mr.. Warmers
predecessor, and that since that time
the bureau had become thoroughly IA d.
miliar with such work as it was expect
ed TO do. and that a move such as the
Commissioner contemplated would prove
disastrous.
Mr.. Warner however. could not see
II that way and went about to make
the change. He found. by investiga-
tion. that the forces in the different di-
visions would necessarily have to be in
creased to keep up with the work
thrown upon them by Congress. The
increase would probably mean the en-
ployment OF from twenty TO thirty ad-
ditional clerks. This left an opening
for putting his scheme into effect. He
Immediately issued orders for the trans
fer 70 the various divisions of the force
of the correspondence division or section
and also the distribution Of the let
ter writing 10 the divisions where it be-
loueed
The Washington times., 1905-12-24
Would Solve Problem.

The power that is proposed to be out
lined In the bill that is now under pre-
paratIon win in all probability be in
vested in the Senate Committee or In
tcroceanic Canals This plan is consid-
cred to be the only feasible way out Of
the present dilemma.
The Senate does not wish to embar-
rass the President in any way and il
is understood that he would be agree
able TO such a measure being put into
effect
This was made manifest yesterday
by the announcement from the White
House that j. p. Bishop, secretary OF
the Panama Canal Commission, recent
ly nominated 10 fiji a vacancy on the
commission. viii not be permitted TO
exercise the functions OF commission
or until his nomination has been con-
firmed by the Senate.
Although warm personal friend Of
the President. Mr.. Bishop had unwit-
tinsIy assumed that his defense by the
President ana the Secretary OF War
from the servere criticism directed
against him in both branches OF Con-
gross meant that the executive pur-
posed making au issue of him, even
If In the SO dong ne offended the SEN
ate. which just before the holiday re-
cess was inclined TO view Bishops
nomination somewhat i'm the light Of
an affront.
Mr.. Bishop announced Friday that he
would at once perform the duties Of
his new Office. Additional significance
attached to this from the fact that the
commission is understood TO be pretty
evenly divided upon the questions Of
a lock and sea-ievel canal and the vote
OF the new member might affect the
final decision.
The Washington times., 1905-12-24
Would DiveSt the Body
of Its Supreme
Control.
MR.. BISHOP RECONSIDERS
No Open Charges of Graft
Are Made, But Expendi-
tuTeS Are Scored.

measure VIII be introduced In the
Senate Immediately after Congress con-
Venes placing the Isthmian Canal Com,
mission practically under the control of
the Senate
The measure, which is now in course
Of preparation. will not. 1t is said, en-.
tirely abolish the canal commission. but
II viii tend to divest il OF its supreme
authority
The commissioners will be responsible
TO Congress alone according TO the pro-
vision of the measure and will work
entirely under Congressional authority
\ committee Will be appointed by the
Senate whose duties 1t will be to over
see the work being done on the canal
and which viii act as an intermediary
between the Senate and the Isthmian
Canal Commission.
Salaries "f IN" Canal commissioners
and OF the employees of the various
offices Of the board Will be subjected TO
a revision by the Senate. as will also
be the salaries of The officials and en-
pioyes who actually do the work on the
ISf hrfarrS
The Washington times., 1905-12-24
One Sweeping Change.

Among the more important provisions.
and one which If adopted will create a
new condition OF affairs I'm this State. Is
that permitting any purposed company
desiring 10 furnish electricity or gas 10
secure permission TO do business as any
other partnerhip concern under the gen
eral incorporation law.
II this passes the combination which
low controls tie gas and electric light
companies would no longer enjoy 4
monopoly. hence the proposed change IN
the law viii be anta8onized. The Ryan
syndicate 81 New York owns a controll-
Ing interest in this company.
Another bin ROW being prepared that
is likely 10 meet with opposition is in
tended TO safeguard the public against
frenzied hnanciering- II provides for the
appointmen; cf a State superintendent
Of banking who is invested with the au-
thcrity OF examining all trust compan-
;es. private banking houses. and build
ing association just as the National
Government now looks into the affair.
of the national banks. A State auditor
was appointed under a law passed I'm
1890 VINO. u was thought. would do this
work. but the act was loosely drawn
and he cannot enforce an observance. If
objection is raised 10 his making an ex-
animation he cannot compel "A produc,
tion OF the books
This bill was introduced AT the last
session of the legislature. and il passed
the senate but failed in the house owing
10 the methods used by a strong lobby
sent 10 Annapolis to compass its defeat.
State Railroad Commission
Still another measure distasteful 10
the corporations which will be urged by
its authors IS one providing for a State
railroad commission. II is very similar
TO that now In force in South Carolina
and Texas. and IS objected 10 by the
railroads.
II looks now as II the organization
would succeed in defeating the COVER
nor's choice for State treasurer and in
organizing the house OF delegates. Muir
raw Vandiver has secured the pledges
of fully three-ffths Of all the members
and If they stand by him in caucus his
denomination as State treasurer is as
sured. About the only way 70 defeat
him Is by the governors people refusing
TO go into caucus and voting for the Re
publican candidate. but this they Will
hardly do. Hence NandieeTs re-elec-
tion seems 10 be certain.
The Indications are that Carvel ID.
Benson will be elected speaker Of the
(continued on Second Page)