The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-05-13
HYDE HITS AT ALEXANDER.
SAYS EQUITABLE PRESIDENT
SPREAD LYING REPORTS.

tune Ball-BOth shared In Syndioates
Tho complaint In the suit brought In the
Supreme Court by James II. Hyde 10 de-
nose James w. Alexander az a trustee OF
re Hyde stock and compel an accounting
Of his management Of the estate was served
on the defendant yesterday.
In the complaint Mr.. Hyde makes the
charge that President Alexander and his
scoconsprator5' caused 10 be circulated
and published false. libelous and de-
famatory' charges, that there we're "im-
proper and scandalous occurrences, such
as the dancing Of a cancan on the dining
table" at Mr.. Hyde's recent fancy dress
ball at Sherry's.
Mr.. HYDE holds President Alexander
responsible also for the report that all or
part Of the expenses Of this ball were paid
ont Of the funds Of the Equitable society.
These acc sauons, as well Us all the
reports regarding his conduct as an officer
Of the Equitable, Mr. Hyde charges are
merely parts Of a conspiracy which Mr..
Alexander and others have for several
months been secretly engaged In carry
ing on to deprive Hyde Of practically all
powers az a stakeholder and enable the
defendant TO secure control Of the society.
It Is Mr. Aleyander's purpose, Mr. Hyde
charges, under the guise OF naturalization,
to secure such control through the proxies
which the agents Of the society would secure
from the policyholders before the expira-
ton Of the Hyde deed Of trust one year
heoce.
As plaintiffs in the suit with Mr.. Hyde
sre his co-trustee William H. Mcintyre;
his mother, Annie +. Hyde, and his sister,
Mary b. Ripley.
In regard to the fancy dress ball and
the cancan story, the complaint says:
Said Hyde never at any time gave a
masked or fancy dress or any other ball
OF which the expenses or any part thereof
we're directly or indirectly charged to or
paid by the Equitable society, or other
wise than out Of his private and personal
means.
Nor we're there any improper OF scanda-
lous occurrences at said ball, nor any can
can danced. Said ball was In all respects
a dignifed and artistic entertainment, as
defendant well knew. Said story and every
part thereof was a wicked fabrication in
vented for the purpose of injuring said
HYDE in the estimation Of all right minded
men
Mr. Hyde's ball was held at Sherry's
on Jan 81. The false and defamatory-
statements regarding the ball, the com
plant alleges we're published on Feb. 3,
three days before the controversy in the
Equitable society began in the board Of
directors for the purpose Of influencing
the action Of the board.
Mr. Hyde denies in the complaint, also
that he has ever been improperly concerned
in any financial operations TO the injury
or disadvantage OF the Equitable society.
He declares further that he has never been
concerned in any financial transaction
whatever in underwriting securities part
Of an issue Of which the Equitable society
afterward purchased, except in cases in
which President Alexander has invariably
been equally interested with him.
In fact, says the complaint, as plain
this are informed and believe, when the
syndicate transaction Of JAMES H. Hyde
and Associates occurred, in which Japa-
nese per cent bonds, first series, were
underwritten, WlaintT James H. Hyde
was in Europe. Participation In this syn
dictate was offered 60 defendant personally
and he accepted It on behalf Of James II.
Hyde and Associates and personally made
the allOtments TO members Of said syndicate,
allotting b himself a S250,0O0 participation
IN said syndicate and to plaintiff James II.
Hyde like amount
Subsequently, according to the complaint,
subcommittee Of the executive COMMITTEES
n
and one other director, authorized the
purchase by the society Of part Of the issue
Of these bonds. When this purchase was
made, It is averrcd Mr.. Hyde was still in
Europe.
For many years prior to the entrance Of
Mr.. Hyde into the society, II Is alleged the
defendant, Mr.. Alexander. had been a party
and beneficiary in just such transact
rs these. which were, it is asserted, in ac-
cord with a custom that had long existed
IN the gnNinfN Mr. HyHa Anpiea that thai
Is anything improper or injurious to the
society in such transactions.
The defendant has, however says the
complaint. FOR the purpose Of discrediting
the said Hyde in public esteem. falsely,
deceitfully and maliciously caused Il TO be
widely circulated and published that said
transactions we're improper. and has falsely
Bnd maliciously stated in such publications
that be was not concerned therein or did not
Know or realize the nature thereof. In
truth and in fact, the defendant in all in
stances received and collected a check for
the same sum Of money and at the came
time as that received 10y the said Hyde on
each Of said transactions
As 70 the charge that Mr.. Hyde was in
any way interested or concerned in the |
United States Shipbuilding Company that, !
II Is declared, is 'unqualiftdly false
The complaint charges that these false !
ana defamatory charges have had the effect |
q seriously imparlng public confidence In i
James II. Hyde and IN the society and its /
management and have affected its pros |
perity.
The organization. says the complaint, |
has been crippled, the business injured. and /
Notwithstanding the unquestioned SOL /
vency and stability Of the society. many Of /
"a policyholders have become alarmed |
Tor the safety Of their investments. result
Ing IN litigation in many States and de-
moTalization among it, employees.
All Of these disastrous results and the
consequent injury 20 the stock are directly
c5atEcshle 70 the aforesaid conspiracy
OF the defendant and to his p,rfi1y In al.
t-rnhng for his own selfish purposes 10
destroy the pslnc Of the properly entrusted |
n his care"
Many Of the covert acts in the conspiracv.-
tGr complaint charges, were committed
with the aid and connivsnco Of Gage r.
Tarben
The clarge is made that the policyhoIdsrs'
committee Of which John ID. Crimmins
u Chairman, was merely a tool in Alexan-
GERS hand TO deprive the stock Of its /
TRhts IN the society and thGt the expenses
W me committee were paid by Alexander
ana his supporter.
Inc complaint says that Mr. Cnmmins
na- stated that the committees counsel.
rank u Patt was working for Mr. Alex |
anaer and that although he Crimmins,