New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-26
Mr.. PERKINS TO RESIGN?
NAY LEAVE N. T. LIFE.
Report That j. p. Morgan Is Angry
at Recent Disclosures.

Syndicate operations in the Eq,7ftatia ife Assur
snee Society viii be taken up when the insurance
investigating committee reconvenes tomorrow.
Henry Rogers Winthrop, the societye financial
manager probably will be the first witness and II
is expected that Jacob =. schin head of Kuhn.
Loeb & Co. viii follow him Mr. scbiff.s friends
have told Nj Hughes that tho banker would ,es-
tify willingly. Mr.. Schif will be asked about the
Union Pacific holding syndicate in which he testi-
fed. he recognized only James Hazsn HYDE but
the holdings OF which Mr.. Hyde turned over to the
Equitable, Mr.. Hyde has not been sIbpoenaed vet.
George ". Perkins is likely to be recalled within
q day continue his testimony bout stock
sales and insurance methods, including campaign
contributions. Mr.. Perkins according to a report in
Wall Street and insurance circles yesterday. is
seriously considering the advisabiIity OF resena-
ton from the NewYork Life or J. P. Morgan & Co.
He more likely to leave the insurance company.
# said. though Mr.. Morgan very wroth
the publicity given his firm. II was limited
that he might take advantage of a resignation he
was said to have obtained from Mr.. Perkins soon
after the shipbulding disclosures and in that way
relieve Mr.. Perkins OF his dual place.
Attorney General Mayer, who was in town yes
terday, Is busy his suits against the Equitable
directors but would not discuss any action he
might take against other companies their d.
rectors because OF disclosures in the legislative in
vestigation. A demurrer has been interposed by
Thomas T. Eckert TO the suit against him as a d-
rector Of the Equitable. Alvin W Krech, president
has nut in an answ in which he denies all the
specific charges OF wrongdoing SO far as they are
brought against him. He says that he was elected
a director on August g. 1904. and attended his first
board meeting on November g, 1904 He was not
well enough acquainted with the societys busi-
ness he said to know anything about wrongdoing
on the part OF other directors.
All the directors have been served with sum
monses in these suits, have put in appearance
through their counsel, except Melville E. ingalls,
Charles Stewart Smith, T. Jefferson Coolidge,
Marvin Hughitt Joseph T. Low, who is in Europe;
Robert T Lincoln, s. VI. Inman and H. e Haar-
stick who is returning now from Europe The
time by which answers must be filed has been ex-
tended to October 16
Paul Morton president of the Equitable, yester-
day made the following statement regarding the
Cafe Savarin, owned by the Equitable:
There is nothing new or sensational about the
Cafe Savarn. There has been no change in us
relation with the Equitable society winch no"
owns and operates it do not Ike the deal Of the
society being in the restaurant business, but II Is
a condition that 1 found, and We VIII nave 70 CON
rangemerts 1t will be my effort 10 get the soclely
out OF the business. although IN leu OF rent o4Is
Ubich epDroximate what the rent ought 10 oe. .
No oficer director employe OF TINS society 10
interested in any way in the prohts OF the Gale
President Jonn A Mccall Of the New-York Life
had nothing TO say yesterday about the various
letters from policyholders calling on him TO Te1uno
rbe money they thought he had misapproprlateo
~ "a r.ais77 and the sermon which the preacher,
% aoOO1icTpSoJdsr called him thief The company
sls6 would say nothing as 10 when JUDGE IN
drew Hamilton. was expected 70 I - 1narbeTr
the Investigating committee that the best way
FOR the company show Its good IaIlh "oulo re
HamfIton ordering him as an eInploye OF tLie ~
York Life to return ana submit ~