The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-04-08
HENDRICKS ANGRY.
Probably Won't Approve Charter Amend
ment TIL Hyde Keeps His Promises.

Probably Won't Approve Charter Amend.
ment TIL Hyde Keeps His Promises.
A well founded report reached this city
yesterday from Syracuse 10 the effect that
State Superinte Of Insurance Francis
Hendricks is good and angry over the fail
IRE Of James H. Hyde and h IL supporters
TO carry out at the meeting OF the Equitable
directors on Thursday the complete plan
Of naturalization agreed upon by Mr.. Hyde
at the conference before the Superintendent
with President James W. Alexander and
the poicyholders' committee.
The report indicated that Supt. Hendricks
was so much disple ased with the action Of
Mr. Hyde and his directors in adopting only
the less important half Of the plan that
he might refuse to approve the amended
charter providing for the election Of the
twenty-eight directors TO represent the
policyholders on the two-year basis, until hs
had absolute assurance that Mr.. Hyde would
stand by the concessions he made.
The Superintendent, Of course, regards
the REORGANIZATION Of the executive com
mlttee Of the directors, just as the members
Of the Crimmins committee do, as oonsti-
tuting practically the entire victory gained
for the policyholders in last Saturdays
conference, and while he necessarily is not
taking sides he will insist il is said, upon
the terms Of the agreement made before
him being fulfilled TO the latter. -
1T became more apparent yesterday that
the appointment by the directors Of a
committee Of four TO confer with the policy
holders committee and Cornelius y. Bliss
in regard TO the selection Of the four policy
holders directors for the executive COM
mittee was only move on the part Of the
HYDE faction TO gain time and 90 have COM
nitteemen selected who will not go too far,
as Mr.. Hyde regards it, In their hostility to
the Hyde interests.
Bainbridge Colby, Mr.. Ale1ander's coun-
sci, was quoted yesterday as saying that
he had not expected 10 be named, and the
friends OF Frank II. Platt, counsel for the
policyholders' committee, said he was not
looking for any place In the Equitable di-
reCtorate. IL was on a report that they
were the prospective SUCCESSORS Of two Of
the HYDE men on the executive committee
that the Hyde factionists based their de-
mand for the appointment Of a committee
20 confer about the selection Of the new
committeeman. Mr.. Plat and Mr. Colby,
they declared, would never do although
there was no string attached to Mr., Hyde's
concession on this point in the conference
before the Superintendent Of Insurance.
With Mr. Platt's friends denying that he
had any aspirations TO become director
and with Mr.. Colby also sidestepping the
honor, questions were asked yesterday
as 20 how the report originated before the
directors meeting on Thursday. Not a
few persons familiar with the situation
suggested that It came from the Hyde
camp itself.
II was also pointed out yesterday that the
public statement issued after the meeting
of the directors said that the committee Of
four, made up Of Cornelius n. Bliss, G. M.
Depew, August Belmont and Alvin kreoh,
who were TO confer with the polioyhOlders'
representatives and others regarding the
naturalization Of the executive committee,
should do 30 after the Superintendent Of
Insurance had approved the amended
charter. That Is, this committee, contain
ing three Hyde men 70 one Alexander sup
porter should enter upon It's conferences
regarding the most important feature Of
the work Of the Crimmins committee, which
had already been conceded by Mr.. Hyde
once, only after Supt. Hendricks had APP
proved the two years naturalization plan.
That the Superintendent would consent to
this was doubted yesterday. On the other
hand, the reports from his home city were
that he will insist upon the acceptance By
Mr.. HYDE and the board Of trustees OF the
plan for the reorganization Of the executive
Committee before giving his appro val TO
the amended charter,
The only peep that was heard yesterday
from any Of the parties In the controversy
came from Col. Alexander 3. Bacon. who