Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-04-21
Equitable Agents Request
His Resignation.
He as Positively Refuses to
Step Down as Vice President.
Statements by Counsel on Various
Poirts-Agerts Adjourn.

->eN 1oth. Ai'Iil -o-A.ter First Vice
President James Fl. HYDE. of the
Equitable Life Assurance Society. haa
informed committee of manapino
agents. this afternoon. that it would be
Impossible, because of previous enga ee-
menta, for him to address them TODAY
the agents convention which has been
in session in this city for three DAVIS
adjourned without day.
This committee did not see Mr.. HYDE
but tclcphor"d to him at his office AMI
was given the information that the first
vice president Of the Equitable was
glad 10 receive the invitation but cOu1d
not accept; that. however, he would
prepare statement and transmit it to
tn" Com,nittee. covering the situation
IS he conceived it. This statement. if
is unieI stood, will be circulated among
The agents when it is received.
Tne invitation to address the agents
followed Il call by Il committee on Mr..
Hyde. this morning. with Il request that
h. resign as an officer Ct the society.
This Mr.. Hyde declined to 90 in an ad-
dress in which he sail he would con-
slider such an action "unwOrthy AMI
disSraceful to the memory of my faith
- dtttl llI lIl'l tiIftl II IL " itlcUt from
Your extraordinary request and from
the report OF the proceedings at your
meeting that Won have not the remotest
conception of the unfortunate cOntro-
versy OF the moves behind the struggle
for the control of the society.
In this same address. he proposed to
write the agents tomorrow in reply to
their demands.
Mr.. HydC's speech had followed one
by joseph BoWes. of Baltimore. chair
man Of the agents committee. in which
the latter reccited that the quest for
the resignation was unanimous.
These were principal developments Of
the session Of the agents which began
At the Hotel Savoy. this morning. ana
continued until after 5 o'clock. this af-
torn0on. Permanent organization was
effected and officers chosen. and shortly
before adiournment it was decided that
Tie committee Of - named yesterday. to
Wait on the state superintendent of in
sur"nce and upon Governor Higgins 20
urge Legislation Favorable to mutualiza-
ton. should proceed to Syracuse tomor-
row morning and Sc Insurance Super
intCndc 1t Hendricks at his office there
and th,n return to Albany and NEE
Governor Higgins. Saturday.
The executive committee of the Euuit t
able also nlet. today. in President Alex
andCrs Office, but. further than the an
nourrcmont that thu dcm7nd for Mr..
Hyde's resignation was discussed, moth
ing was given out.
Tho committee Of investigation on
which II. G. Nrick is chairman. was in
or CGibl1 in thu T,f I
unanimously agreed to employ Former
United states Attorney General Knox
as counsel. Announr emcnt was made
that the irvcstiga ton would be pur-
sued with all possible speed and thor
ouehn"ss.
In connection Wit, the legal ends in
the Equitable tangle. todayS announce
u"nt that F,lihu Root remains as one
Of Mr. Iiydr's counsel in spite of storia.
10 the contrary was interesting. The
retention Of Joseph il. Choltc as one Of
the Hvi" counsel was also confirmed.
Il Nas UNDERSTOOD tonight. that many
If The agents were leaving for their
homes
When asked rs to 4 rCrnrt that the
Alexander forces hHi made ovorture
looking to a settlement. Samuel inter
mYcr OF Mr.. lIyle's counsel. said. late
tonight. that he did not relieve it, and
haI heard nothing of it.
The Herald will say. tomorrow:
Gage +. TarbelI is , be requested to
resign his position as so"ohG vice pr~si.
dent of the Equitable ILfc Assurance
Socit ~, to relinquish his position as 4
member Of The society,"; executive COM
.Ci:ter end 10 withdraw as member
Of the board Of dirpctnr@. in other
words. to sever nj ana cvtrJ connection
with the Equitable Society.