New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-06-02
TO FIGHT E. H. HARTMAN.
Trzco Equitable Factions Join to Pre-
cent Frick Report adoption.

The AIexander-Tarbeu and Hyde factions of
the Equita BILE Life Assurance Society joined
last night in denouncine the Frick report
gigantic plan on the part of f. H. Hartman
James A Stillman, Jacob H. Schif, Melville f.
Ingalls, August Belmont, John D. Rockefeller
and the Standard Oil group to capture the So
ciety and added that the report would not un-
der any circumstances be adopted.
From several sources there were rumors last
night that the rival factions are planning to
sink their differences in withstanding what they
deem q common foe F. H. Hartman made
Mr. Hyde an offer yesterday for his stock, the
offer being repulsed and Mr. Hyde expressing
indignation at what he termed its extreme low
ness. Mr. Hyde it is said, told Mr.. Hartman
with emphasis that the stock was not for sale
Mr.. HYDE. his counsel and several close friends
left a conference in the Equitable Building
which lasted until s T. TO hold another con-
ference uptown Messrs. Alexander and Tarbeh
and counsel likewise held conferences, the con-
ferrees in both cases, it is said, deciding that
the F'ricl report must never be adopted.
THE deferred dividend plan is unsound and
would practically put the Equitable out of bust
ness" a supporter of Mr.. Hyde told a Tribune
renorter last night THE report will never be
adopted"
TT is the greatest crisis in the history of the
Equitable" said an adherent of Mr.. Alexander
in preparing a statement charging glgahtic
scheme to wrest control of the Equitable's vast
millions while the society was in extremity
THE plan" he said, lis that the Equltaple
! shall pass into the control OF MeSsrs. f1dFIi-
man Scbif. Stimen, the Rockefellers and the
| Standard OIL crowd. 1t is a defiance OF poth
nrbIfc and moral sentiment. Hyde was prom
! ised immunity by Hartman, who promised that
no drastic report would be made against Hyde
| and other members of the committee NOW
Hartman Frick and ingalls, bring in report
ignoring the grave charges and eXaggeratlnS
( trivial charges for the purpose OF ootaliili'S
the control of the vast funds of the society
"Probablv no more adroi; and far reaching
movement ever has been conceived than mas
been discovered in the plans hatched some weeks
ago to capture a fund colossal in volume so
! full of potentiality. In this movement were
and are Edward H Hartman, president of the
Union Pacific the Southern Pacific. the Chlcago
Burlington and Quincy, and other great rail
roads; James H. Stillman, president of the Ma
/ tional City Bank, Standard Oil institution
Henry c. Frick a director in Harriman's rail-
/ roads and identified with him in other ways
( Jacog H Schiff banker and financier of the
! Hartman securities; Mr.. Rockefeller, Mr. Bel
mont and Melville E. ingalls, and other mer
closely identified with Hartman and STANDARD
Oil interests.
1.-The plan has been TO take advantage of the
controversy in the Equitable and eliminate
James w Alexander the man who first drew
the attention of the board and of the public &c
| the threatened Wall Street control of the So
ciety. and also to eliminate James H. Hyde, who
controls the stock In order to accomplish TINS
l.result the comparatively trivial faults in the
administration of the society have been magnf
fed and the grave acts of certain individuals
and members of the board and others have beer
utterly ignored in their report. 1t is known tha
Mr. Brayton Ives and another member of th'
committee had no part in this. but have beer
aetuated solely by a desire to end what the!
considered an intoleraOle condition in the so
ciety
It is believed, however, that Messrs. Frick
Hartman and Ingalls, have convinced thos
two other members of the committee that tn
good of the societH requires the retirement o
President Alexander. Vice-Prestdent Hyde ant
also Second Vice President Tarbell. or else tn
appointment of a chairman of the board whtcl
would be the first step in the Hartman Frick
IngalIs-StiIlman control of the society.
The first step in the plan is the adoption o
the Frick report, accompanied by recommend
atio, for either the resignation of the three of
0cers named in the report or the appointment
of q chairman of the board. with a view o
forcing the designations later. all being prelud
70 reorganization of the society. and having 1t
} officers dictated ana dominated absolutely b,
Messrs Hartman, Schif. Frick. ingalls,, ant
other Dersons in their confidence
II IS well known OF course, that some of tn
gravest charges were made against Mr.. Harri
man but ne, being one of the judges, has no
made any finding for against himself IN Tn
Continued eighth page.