The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-05-07
HIN!TRE FOR PRESIDENT
IREPUTED OBJECT or CALLERS
or EQUITABLE CONFERENCE.

EuNiVN ANAa fAhgNAANN " ~ WIN ~
Hartman saidtO Have shifted Loans
- From Equltable's Trust Companies.
member Of the Frok committee Of
investigators Of the Equitable Life As ,
suranoe Socety's Affairs said yesterday
that he understood that the meeting OF
directors called for Monday, at which none
4 the officers Of the socety are 10 be pres
ent, Ia called 10 discuss the advisability OF
electing William H. Mcintyre president OF
~ the society in place Of James W. Alex
ander Mr.. MoIntyre. IL a ootr1stee with
Young Mr. Hyde and Mr.. Alexander for
Equitable society stock left by Henry B.
HYDE, father Of young Mr.. Hyde and founder
Of the society. Mr. Mcintyre was q sort
Of high private secretary 10 Henry B. Hyde,
and il was this intimate relation with the
founder Of the society that has led certain
members Of the Prick committee 10 believe
that Mr.. Mcintyre Is the man 10 elect presi-
dent in place Of Mr.. Alexander, 20 that the
war may cease and the society be rehabili-
tated in the confidence Of the public.
The member Of the Prick committee
sdded. I'VE don't want any politicians
like Mr. Cortelyou or Judge Gray. We
want a life insurance man, one who under
stands every detail about the business OF
the Equitable, past and present, and Mr..
Mcintyre is that man. | believe IN punish
ing, II necessary, by sending 70 jail all di-
rectors who can be convicted on ample
proof Of having used their places 10 make
money out OF their connection with the
society contrary TO the insurance and Crimi-
nal laws Of the State
YOU say that Mr. Mcintyre the Prick
committeeman was asked. ahas been familiar
Il
society rast and present.
Yes, ! do replied the committeeman.
Did he know OF the James H. Hyde
ard Associates syndicate business?'
What's that2' inquired the Prick COM
mitteeman
The member OF the Frick committee
was then told OF the letter Of young Mr.
Hyde in which he confessed 10 q partioipa-
ton Of the profits Of james II. Hyde
and Associates syndicate and returned
Ss3 900. which has been turned back into the
treasury Of the society The Prick com
mtteeman replied Il never read any
such letter, never heard Of IL, and don't
believe Mr.. Hyde ever wrote such q letter
This letter was written and signed and
handed out by young Mr.. Hyde and was
printed in all the newspapers In the nation
Anyway the Friok committeeman
continued Il am loyal TO the memory Of
Henry r. Hyde. who made me a director
in the society, and and several others
believe that Mr.. Mcintyre is the man to
elect president. He Is a poor man. He
and Mr.. Hyde, the present Mr.. Hyde and
several Others went into the Fuller con
struction syndicate and I know that Mr.
McIntyre lost heavily in that venture
Alexander Supporters said yesterday that
the prime mover In calling the directors
conference IL Jacob H. Schif; that the con-
ference was called without the assent Of the
Prick committee, and that Mr., Prick and the
other investigating committeeman are dis
pleased. Said one Of the Alexander lawyers
yesterday:
1t has been suggested. In view Of the
figures published, that the Equitable holds
some 500 900 900 OF the securities Of rail-
roads In which Mr.. Hartman Is interested
that the sudden and, what would appear
illtimed call for the conference may have
something 10 do with the recent loss In the
Stock Exchange values Of the so-called
Hartman securities. The possibility Of
changes in the management and policy
Of the Equitable has been openly mentioned
a. one OF the chief contributing causes Of
the recent slump
The Hyde people disclaimed any respon-
sibility for the call. They did not know.
they said, what the program for the con-
ference was 10 be. They did know, how
ever, they asserted, that Mr.. Hyde would
not get out under any circumstances. Said
Samuel Untermyer Mr., Hyde's counsel
AN talk Of Mr.. Hyde's resignation under
any circumstances il more bosh and cir
Culated for a purpose. Whatever may be
the course Of others who have no
interest at stake. Mr.. Hyde has bis interest
10 protect and his reputation TO protect
and he will protect them
One thing, though, Is pretty sure, and
that IA that a good many OF the men who
sre known as the Hyde dummy directors
are going into the conference on Monday
regardless Of the purpose Of which II was
called to tell certain other directOrs Of the
company Just what they think Of them.
Some OF these men, who have accepted
the name -dignifed dummies as the Hyde
members Of the board whose faithful ser
vice has been unquestioned, are angry
through and through that their names are
being smirched by acts that are being attrib-
uted to certain OF their fellow directors. Il
was said yesteday that some Of those dig
nIfed dummies would demand OF Senator
NuhunCey DNpeW now ~ was bubN 10
had been drawing $4,000 year for a good
many years from the Equitable treasury;
from Jacob II. Schih how il was that his
firm had sold TO the Equitable society,
with a large profit 10 himself millions
Of dollars worth OF securities, and from
Mr.. Hartman and others how Il was that
they came 10 dispose Of 20 many Of the So
Curities m which they have q personal In
ieTest to the Equitable.
A report was circulated In Wall Street
Yesterday that Y. II. Hartman has within
the last ten days practically closed bis
accounts with the Mercantile and Equitable
trust companies, which are subsidiary
companies 70 the Equitable Life Assurance
Society Mr.. Hartman, according TO the
report, has done this At the request Of
certain officers and directors-of the COM
panies who, In view Of the examination
being made by the State Superintendent
Of Insurance into Equitable ahaiB, did
not desire 70 stand before the public a.
having loaned so much Of what y virtually
the policyholders' money on Hartman
securities.
According to the story in circulation
Yesterday, Mr.. Hartman now has the
Mercantile and Equitable accounts ar
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