The Montgomery advertiser., 1905-06-03
which his average interest was about one fifty-seventh.

Syndicates Successful. Everybody knows. he added, that those syndicates were largely success full and heavily over-subscribed. The Equitable at one time or other bought in all about s10.o0o.ooo of the s149,- 100000. MT. Hyde declared the Soci- ety had made large profits on the s10.- 000,000 of bonds bought from the bankers as compared with which he said his trifling commission on the un- derwriting amounted to nothing MT. Hyde went on to say that he proposed to insist on his rights to these com missions. After a full analysis of the various transactions he referred to the great prosperity of the Society. saying that the enormous increase In its sur plus was due to the wisdom and con servatism of his infringement and to its many successful subsidiary com panies and the way in which they had been managed.
 He concluded by demanding the ut- ter rejection and repudiation of any report that criticized his administra- tion and. would force an opportunity to let the public know what Is behind these attacks.
 Mir. Schiff in his address to the board declared that no evidence had been produced of any guilt or wrong doing on the part of the officers named in the Prick report. Mir. Hyde was also warmly defended by Alvin w. Krech.
 Concerning the reported reorganiza- tion of the executive committee of the society 1t Is believed that in addition to the two vacancies to be 1lled there will be several more resfgnations from the committee which probably will be filled by men who are identified with the society in executive capacities. 1t QIqe understood n dtra~f or officer of the society may nominate q candidate for the chairmanship of the board; that, in other words, this power does not rest solely with the nominating committee After the final adjournment Mir. Ingalls, said on leav- ing the board room:
 Our report has been practically re- jected by the board and have resigned in disgust. I shall have nothing fur ther to do with Equitable affairs
 The Posts Report.
 The Evening Posts report of the Equitable meeting contains the follow ing:
 MT. Hyde was on his feet fully an hour and attacked those who had made allegations against him with the ut most bitterness. He named in partic- ular E E. Hartman and made him the object of the most violent of his
 
 connection with MT. Hyde's attack on MT. Hartman today that the young vice president had declared at last Wednesdays meeting of the directors that he had been betrayed by his friends.
 MT. Alexanders defense was more moderate in tone and did not deal in personalities. He declared that the re- port of the Prick committee fell short, particularly In that 1t did not deal with the question of naturalization. He declared that the alleged waste and extravagance in the management of the society's affairs and that the conduct of his office were the results of the system of one man power control of the society's affairs.
 From two distinct sources the re- port came to The Evening Post today that D H. Hartman had made an of fer to Mir. Hyde for the latterss stock hi the Eqnitable since the report of tire Prick committee was made on last Wednesday, Efforts to verify these re- ports were unsuccessful. Neither Mir. Hydes friends nor Mir. Alexander would discuss then."