The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-04-03

eventually. and "A quickly az II can be
brought about, follow Mr., Schih into re-
tirement Pending their rctircmcnt-5c-
cause II was insisted that no compromise
will or can DO reached which does not result
In their going because Of their financial
transactions with the company's funds
thev work at cleaning house will 60 stCa dily
on. Other directors Of the Equitable Life
Assurance Society who have pTofted
financially by their connection with tho
society will, II was said, be taken up at the
proper time.
The 100000 policyholders Of the company
are clone, It Is insisted, the benehciaries
Of any profits accruing from the use Of the
society's surplus Of $4,000, 900, and not
Edward H. Hartman, James Hazen Hyde,
Jacob II. Schlh and other directors who
have been in fun communion and financial
sympathy with Mr.. Hartman, the Wall
Street speculatoT, or the Wall Street gam
bier, or the man who directs Wall Street
speculations and Wall Street gambling,
according to the authoritative character-
zation made Of Mr. Hartman yesterday.
What will the COO 900 policyho lders Of the
Equitable Assurance Society say when they
learn that Mr.. Hartman, Mr.. Gould, MIR.
Schiff and others, who have benefited
largely in a pecuniary way through using
the funds Of the society, have not been even
pohcyholders in the society?
THE ALEXANDER POSITION.
Persons representing the Hyde interests
continued yesterday 10 urge President
James W. Alexander and his supporters
to concur in the recommendations made
by the policyholdens' committee, but late
last night they had not succeeded in their
efforts, and the prospect was that Mr. Alex
ander and those behind him would persist
indefinitely IN refusing to put themselves
on record as acceding 10 the proposed plan.
A man familiar with the present situa-
ton in the controversy explained Presi-
dent Ale1anders position in regard 10 the
suggestions Of the policyholders' commit
tee yesterday, II was not. he said, that
Mr.. Alexander did not appreciate the
victory that had been won for the policy
holders and the general significance Of
the Hyde concessions. He did and was
most grateful TO the committee for what
it had accomplished. But while he believed
that the naturalization Of the society was
most necessary and important, he thought
that the cleansing OF the company OF a
two or three years is far more important.
According TO this man. Mr.. Alexander
thought that the interests Of the society
would be served best at present by his
refusal to accede definitely to the proposed
compromise This, it was said, would
leave him and his followers free TO meet
any situation that may arise, and allow
them all the latitude necessary in their
- -. L. Loo, II H.. -.
presidency Of the society, il force should DO
necessary.
c. n. BLISS SPEAKS GUARDEDLY.
Cornelius ~ Bliss. who is designated in
the compromise plan adopted on Saturday
by the Hyde interests and the polcyholders'
committee TO name two Of the four new
members OF the executive committee. was
most guarded yesterday in his statements
regarding the plan. He is one OF President
Alexander strongest supporters. He had
not. he said, attended the conference at
which the power Of appointment had been
delegated TO him and he admitted that he
was somewhat surprised at the distinction
From what he had read Of the proposed plan
In the newspapers, Mr.. Bliss said that he
thought il was more satisfactory than the
naturalization plan suggested by the board
OF directors committee. Of which he was
a member, and later adopted by the board.
That was as far a. he would 60, though,
in indorSng the suggestions.
A member Of the Crimmins committee.
speaking in reference 70 tho selection Of
Mr.. Bliss a. the man 10 name two Of the
four new members Of the executive COM
mittee conceded by Hyde. said that il was
because Mr.. Bliss was known 10 be a man
Of the highest integrity and faithfulness
in his duties on the board Of directors.
That the four new Committeeman have
already been selected, though. this mem
Der Of the policyholders' committee would
not deny. In fact, he said that II was
certain that the four men who 20 on the
committee will be men in whom the great
est confidence can be placed by the policy
holders and who can be trusted not only 10
safeguard the ordinary interests Of the
society on the committee, but also to serve
as Watchdog
INVESTIGATION SOON TO BEGIN
The official investigation into the charges !
against Hyde and others connected with the .
society by the Superintendent Of Insurance .
will be begun this week, probably. and .
ought not to take long before definite
results are obtained According 10 one |
man familiar with the situation, the Super ,
intendents efforts will by no means be .
limited TO an endeavor to prove the falsity .
or truth Of the charges preferred against .
Mr.. Hyde. II there have been IRREGULAR d
ties they will be traced 10 their source,
and those guilty Of them held responsible.
II was said yesterday that Mr.. Hendrickss
at first probably would not
include delving into the financial standing
Of the society, but that the specific personal
charges would be disposed Of first. The
Of Insurance would have
he power 70 remove Mr.. Hyde II the in
vestigation should convince him that Mr..
Hyde was unfit longer TO be an officer Of
he society. The investigation it was said
would probably be in charge
81 Isaac Vanderpool, one Of Supt. Hen
tricks assistants.
When the proposition submitted to the
Of Insurance on Saturday
= ould be laid before the board Of directors
or it's approval was not learned definitely.
,ut one man prominent in the controversy
,aid that ii would be taken up without re-
gard to tho completion Of the proposed