The Birmingham age-herald., 1905-04-07
HARMONY RE|GNS IN THE EQUITABLE Meeting Yesterday Resulted in
 No designations LONG STATEMENT IS ISSUED Mir. Alexander and MT. Hyde Decline to Have Anything to say-PromI-
 nent Financiers We're
 Present.
LONG STATEMENT IS ISSUED

New York. April 6s-out of the fifty members of the board of directors of the Ec. uitable Life Assurance society thirty eight assembled in the companys board room this afternoon, and after an hour and halfs discussion in the course of which 1t is said the whole controversy was gone over. announcement was made that those present unanimously had decided to adopt the two years naturalization plan announced several days ago. Rumors oe resignations did not bear fruit and it was authoritatively said this afternoon that none was rendered.
 Everything harmonious" was the tenor of the official statement issued after the meeting by Senator Chauncey M. Depew and Cornelius N. Bliss. This announce ment also said that committee of direc- tors would thoroughly investigate the company's management.
 President Alexander of the company and James H. Hyde were present, and 1t is notable that many of the directors came | from a distance in order to attend the session of today.
 New Feature To Sprung.
 4- new feature in the Equitable matter is the resolution adopted for the appoint ment of committee of seven, headed by E. H. Hartman to thoroughly investigate Equitable affairs.
 The original plan for the mutdaliza- tion of the company provided that it should be accomplished in four years, but after last weeks session with the state superintendent of insurance, this was amended to make the time two years. The two year plan was acquiesced in by Mir. Hyde. The plan begins to take ef- fec rext December.
 During the days meeting there were va rious rumors of a controversy between MT. Hyde and MT. Alexander. but so far as known nothing of this kind took place.
 President Alexander, Mir Hyde and John D. Crimmins declined to add anything to the official statement this evening, and said they had no comments to make on todays meeting.
 Statement Is Issued.
 The following statement was given out at the close of the meeting of the direc- tors
 ''rhe board of directors, after full dis cussion, unanimously adopted the amend ed charter approved at the meeting which the superintendent of insurance attended, the amendment being:
 'The board of directors shall continue to be divided Into four classes of thirteen each. For the purpose of effecting more speedily the change from board elected entirely by stockholders to a board elect ed partly by stockholders and partly by policy holders it is herepy provided that the terms of office of the directors here- tofore elected for the terms ending De cember 31, 1905. and December S1 19Of, shall expire on the 31st of December, 1905, and the successors to such directors shall be elected on the first Wednesday in the month of December, 1905, and terms of of flee of the directors heretofore elected for the terms expiring December 31, 1907, and December 31, 1908, shall expire on the 3lst day of December 1906, and the success sors to such directors shall be elected on the first Wednesday in the month of De- cember, 1906.
 class of 1905 shall be elected to hold of flee for three years the successors to the class of 1906 to hold office for four years, the successors to the class of 4.yi to hold office for four years, and the successors to the class of 1908 to hold off, flee for five years; thus producing four classes of directors of thirteen each, whose term of office will expire respec- lively in the years 1908, 1909. 1910 and 1911. In the election of each of said classes. six of the vacancies snall be filled by a plurality vote of the stockholders, and seven of the vacancies shall be filled by a plurality vote of the policy holders, both stockholders and policy holders vot- ing by ballot in person or by proxy, as hereinafter provided.
 Will Consult Superintendent.
 4tt.art ell n1A 1Aat- ed that a committee of three, consisting ol Messrs. Depew, Belmont and Krech, be appointed a committed of the board to consult with the superintendent Of in- surance after the amended charter shall have been approved by him, and with the policy holders committee or whicn Mr. John D. Crimmins is chairman, and to report to this board at an adjourned meeting thereof upon the following sub jects. to-wit;
 "1. The subject that the two existing vacancies in the board of directors shall be filled by persons whose names shall be proposed by the policy holders commit tee.
 ..'2 The suggestion that the two direc- tors thus elected on the nomination of the policy holders committee shall be made members of the executive committee of this board.
 "'3. The suggestion that all vacancies occurring in the board before the cleo tion of 1906 shall be filled by this board with nominees of the two directors, so proposed to be elected on the nomination of the policy committee, this provision, however, not to apply to vacancies in the list of directors elected in 1905.
 A The suggestion that two more members of the executive committee shall be appointed on the nomination of MT. Cornelius N. Bliss, the committee in- cluding the four members thus provided for to remain at its present number of twelve.
 "'5 The suggestion that four vacan- cies be created in the executive commit tee by resignation, or by the board, on the .-a4 .l.,..A e.fi