New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-05-19
HYDE IN FIGHT TO STAY
BENT ON KEEPING REINS.
Conference at His House-W. ~
CromzoeU Hired as Peacemaker.

After a long debate last night at the home OF
! James H. Hyde he and hte lawyers decided to
carry on to a finish the fight for the controi
OF the Equitable Life Assurance Society. Ihere
were present at the conference w c. CULVER
and c. B. Alexander Of Mr.. Hyde's legal stan.
and H H. Knowles. the supervisor OF agencies
who was dismissed by President Alexander
Efforts which are being made TO force settle
ment of the dispute will not meet a favorable
response from the Hyde side. Samuel Inter
rnyer Mr.. Hyde's personal counsel, and even
Flibu Root who at first was In favor of set
Element. want the fight to continue to de-
cislon.
William Nelson Cromwell it was learned yes
terday, has been engaged by President Alexan-
der to encourage harmony" between the war
ring factions Mr.. Cromwell, who has been
heralded as the pacifcator in extraordinary, is
not considered one of Mr.. AleXander's personal
counsel.
Friends of Mr.. Hyde say that Mr.. Alexander
has engaged Mr.. Cromwell with Equitable funds
ito settle the diflcuty-in other words, TO pre-
vent Alexander's being thrown out as result
of the fight he started himself" They say
that all of Mr.. Alexander's personal counsel
Including William B. Horpblower ex-Judge
William n. Cohen and Alexander and Colby
will be paid from the funds of the Equitable.
According to one of the directors who is keep
ing in touch with the Prick committee, it's mem
bars and most Of the directors feel that the
gravest charges against Mr.. Hyde have not
been sustained and that Mr. Alexander and
Care e Tarbeu have put themselves in a bad
light by their attack on the young vice-presi-
! dent. On the other hand. many of the charges
made against the Alexander party, more par
| tioularly against Mr.. Tarben, had been proved
| It was said.
| Several of the directors who at first were
! Alexander men now call themselves independent
| and are trying to patch up the difficulty. TINS
| policy the Hyde people arr fighting They main
! tain that a conspiracy was Matched to get Mr.
| Hyde out Of the society, ana thar when he viz
tualiy has won his fight he will not recede and
| give his enemies mercy. Many Of the directors
1t is said feel that President Alexander was
brought into the affair through msunder-
| standing and that If any sacrifice to harmony Is
needed Mr. Tarbell should be tho man.
A meeting at the Waldorf-Astoria yesterday
afternoon. engineered by Phelan, Toomey &
Phelan Bridgeport lawyers. resulted in the dis
| cusson OF plans for a "policyholders national
protective association" for policyholders OF all
Insurance companies. Twelve man were present.
This firm OF lawyers recently wrote to Grover
| Cleveland. Andrew Carnegie and other well
known men, urging them to cooperate in the
| establishment of this organization. A commit
tee was appointed to draft a constitution and
| bylaws, to report next Tuesday. when the meet
ing will be held at No. 299 Broadway John j.
Phelan temporary chairman. said he had letters
| approving the plan from William innings
| Bryan Governor La Toilette or Wisconsin ana
! Governor Folk Of Missouri.
In q letter to the FTiCk committee yesterday
I Tanenbau1n, Sons & Co. called TO the attention
of the investigators the fact that practically all
the ELoutable's fire insurance was placed through
! Frank B. Jordan, son of Thomas d. Jordan, con-
troller of the society. This condition of affairs
was described exclusively in The Tribune
/ month ago Mr. Jordan a regularly licensed
fire insurance broker places the insurance on
/ the Equltable's own buildings here and in other
cities and the property on which the society
! makes loans. Some of the insurance is placed
with the Continental. in which company Mr.
) Hyde is a director. clause from the loan
forms of the society was quoted in the Tanen-
] baum letter showing that a condition of the
| loans was that the fire insurance should be
placed by the society or according TO its direc-
lions,
Neither Frank Jordan nor his father would
discuss the letter yesterday. Mr.. Jordan, the
| controller sent out word that he had made a
report covering it to the Frick committee. MI
Hyde said that it was hardly worth notice. He
will take no action it, although the elder
Mr. Jordan is one of the Alexander party.
Senator Bracket, at Saratoga. yesterday re-
fused to talk about where his client Mrs. Mar;
/ s. Young. got the share of stock which 1t IS
said is being traced by the Hyde people.
She bought it," he said. The complaint in
the suit in which Mrs. Young is plaintiff has
not been filed, although summonses have been
served on the directors.
Deputy superintendent Hunter and M E
| Driscoll. Superintendent Hendricks's counsel
continued their examination of witnesses yes
, terday. w. II. Mcintyre, fourth vice president
| the stand most Of the day Mr.. Hyde
/ was called for a few minutes. Mr.. McIntyre's
( examination was entirely in regard to the imam
cial transactions of the soCiety-its purchases OF
securities, the value of those securities then
and their value ". He had with him many
record books of the finance department.
In the examination by the Insurance Depart
ment. the firm name of Alexander, Thomas q
, Davies has been found frequently buyer and
/ seller of securities for the Equitable. Fred
/ erick Alexander. senior member of this firm is
! of James W. Alexander. Mr.. DrlscOll II
was said yesterday had determined examine
| Frederick Alexander, until il was explained to
/ him that the young man official of
/ the society Then he said, 1t was declared, he
would recall President Alexander.
Justice Greenbaum in the Supreme Court yes
terday heard the argument Of A. Edward Wood
/ ruff counsel for Herbert G. Tull. of Philadel-
dent Alexander, Mr.. Hyde and Gage L. TarbeIl,
that he might learn the facts necessary to make
{ a valid complaint in his suit Justice Greenbaum
reserved decision. Mr.. Woodruff repeated his
belief that the policyholders are entitled 10 the
surplus and TO vote for directors. He said that
the amended charter in the hands Of Su-
perintendent Hendricks would give no relief 10
| them. II he were allowed 10 examine the OFF,
GERS he would prove that several OF the directors
! who voted for the amendments did not own the
five shares Of stock necessary 10 make them di-
rectors.
WTTNESCEC