The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-06-04

Attacking me. InOy WE pN''..x~ Ii...~S
g. s.. 3, 70 S:; ecs SS IS :ey
was Vol under way. y y 20 o ,ss1,ss
out Of my private means It = one tnas q
60 Se aasSs SI %sea Mi ss tie sesty
rave learned 70 realize that undue pun.
an Insurance company u hurtful 70 the 90
ciety. and very much regret that the oidsr
officers, who now claim that lnluiy ~ a
resulted from shs % he fact Which thsy
now make the subject OF complaint against
Mr.. Hyde reiterated the charges which
he has made many times before that fTeM-
dent Alexander was nteresteo s9H o.tss
and declares that he has the advioe Of ooln'
sc t e@a witt, with tho society. srseking Of
the Cambon dinr er. for which NJ para els,VO
out Of the society's funds he says that many
abroad for the same pw pose without tne
Eeuitable's name being mentioned ana
that allowan Gee have been made by the
society for the cost Of the same.
Mr.. Hyde says that obviously the dinner
could not have been gwen IN ~ tne r romd
honor the retiring Ambassador and 10
secure the good will OF bis Govern uent
with respect to the matters which the 20
ciety then had and might have penam n!
ample preoedert in the society for this
method OF furtherins It's prosperity;
Az to the Increase which Mr.. Hyde had
made in salaries without the consent. Of
any other authority he says that he under
stood he had authority. 70 make i such n.
Informed Of them Mr.. Hyde denies Presi.
dent Alexander's assertion that ne, the
president remon strated with him often
ALExANpKR's STATEMENT TO TIE BOARD
President Alexsnd last night made pub
lie the statement which he read before
the board on Friday In defense Of the fnd-
ings Of the Prick committee. He said In
part:
Il am accused Of conoealing from the
board the ire guarities Of which complaint
has been made and which the committee
report certify to exist I am also accused
Of knowingly participating IN tbs profits
charged with having encouraged the prac-
tises which now, according 70 the report
OF the committee, was justified In critioiz-
ing. I am also inferntially aocused Of
having attacked such practis,s as . neane
to tho achievement Of the naturalization Of
IN 70 charge. are unaualinsdly false
and not sustained by evidence.
AS to the charge Of concealrnent
and suffering ths board N Ignorance
asssS al IL thu h. eo.i S.d d. %
/ beg to call the boards attention to
the uncontroverted statement CON
tanned tn my letter Of May 2, which 10
get forth IN full IN the committees report.
to the effect that the irregularities upon
which the protest Of the executive officers
flpd with the hoard At ita n1ePtio q OF Feb a
was based came to my H owledge orly a
few weeks prior to the said meetir z Of the
board ,duri- 6 which time ] was ir vestigatt,g
them preparatory to their reference TO the
board.
SHOOK FIST IN PRESIDENTS FACE,
Il supposed Of course that an investiga-
ton Ct its grave specifcatio ns would be at
once undertaken BY the o. mnittee. Three
memters Ct the q mmittee CT investiga-
twelve and two Of the three mem ers were
in attendance at the meetings OF the COM
ulittee 4 twelve.
AT the conclusion OF the second meet.
ing, at which l read the statement referred
to, one Of the committee, now member
Of the. investigation committee, shook his
fist In MY face, accused me OF lad faith
and threatened TO drive me out Of 4 Ne
Equitable. At the third meeting Of tho
committee Of twelve. held one hour before
tno otleO Oh = CD. ~,
mittea Of two was appointed with instruo-
tions to report directly on behalf OF the
committee Of twelve TO the board Of oirec-
tors. This was .one.
The report was silent on the charges
which had set forth In detail in my formal
re commended my retirement from the PRES
idency and the reee ton Of the vite-presi-
dent. and Immediately following dis
cussion OF the report a motion for the re-
ele. ton Of all the Off ers Of the so iety
by way of amendment to the comnittee's
reoort. was almost unanimously arried.
Il respectfully submit that these facts
clearly demon stoate that there was no con-
cealment such as Is charged in the report
OF the investi cation com nittas. Ca the
contrary, my inve sti cations. as are stated
in my Communication to the Frick committee
we're instituted with tbs direct view OF
n prompt report to the BOARD at its meet
ing of FeD. 8, and in stead Of being guilty OF
any ooncealment of facts entering into the
question of TIL eligibility Of any officer for re-
election made tn most complete statement
to the committee Of the board appointed
for the purpose Of investigating the subject
and Of informing the board.
oai eI..i.iA..c% .ep.I.et ack TO the
ooara with allusion to my >ta element and
completely ignUrea the char a. therein
b ar4s meeting 1t which officers were
elected ana II there be any responsibility
ior Mt re orti.!g facts submitte, by me to
the COMMITTEES it e,ts vita that @ mmlttee
ana n t with m
AS to my participation in tho profits
derived from certain enumerated synci-
Gates, reit crate my statement to the O. M
mittee OF investi sati, n that | never know
ingIy participated in syn, icates where
tie proPriety Of such participation could
be GU ,tioned.
in nstanoes where I knew pro frered
sums to lie derived fro m such syndicates
I have declined to receive them and since
my formal communicate" TO the q m
mittea on this su ject l have learned t. at
three Of the six checks which represented
sums delivered to me were received and
deposited to my credit when was al sent
from the &C untry and with, ut pt esit ility
Of kno wlsdge tf their receipt, they cling
Endorsed and deposited under power Of
attorney.
with reference to the charge that
have e. couraged prsctis's which I have
criticized der y that t! is is a fact. On
the co: trary. ! have in all my eE ,rte to
check and regulate h,rtful tor der cies
grown out OF the absolute stock cor troll
OF the company and its domir ating In
fluer ce been obliged to col terd agni- st
adverse ma jorities of every committee,
respoI sive ard obedier to this stock con-
troll. and often frustrating my Efforts.
"BAsELEss AND aRATU1Tous."
The fin ing as to the motives actual ing
me in the exposures which the Investig
ton Committee has cert flied to exist, are
baseless and gratuitous.