New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-04-22
port and approval Of the men who have now 8
Unexpectedly misjudsed me-

port and approval Of the men who have now so
Unexpectedly misjucsed me.
TALK or TARBELL CHARGES.
Declarations that charges Win be preferred to
the directors at their next meeting against Gage
T. Tarben, with a demand that he resign his
place IN the Equitable Life Assurance Society,"
were forthcoming from the Hyde side yester-
day This subject had been under discussion by
the executive committee and various directors
said the Hyde men. President Alexander might
not be asked TO retire now. they asserted, but
a reorganization OF the society would be put
into progress as a result OF the Prick commit
tees Investigations which would replace Nj.
Alexander soon.
Mr. HYDE probably would not be HIS successor
Il was said. because influential directors be-
iie,-es that a compromise candidate would be
advisable for a year or two until the society
had regained SITS lost prestige and the public
had forgotten the charges made against MI.
HYDE As a compromise candidate George T.
Wilson, third vice-president, has been men
toned. Mr. wilson until his definite announce
rnent that he was an Alexander man. had been
considered neutral Others have been men
toned. among them Henry c. Prick. but Mr..
Prick has declared positively 70 friend that
he would not take the place
At the meeting OF the executive committee on
Thursday there was said 10 have been protest
by the HYDE party because President Alexander
had called the agents meeting. He and Gage
r. Tarbell had spent most OF their time lobby
ing among the agents declared Hyde partlsans'
with the sole purpose OF aligning them certainly
against the vice-president-
They charged that this action on the part OF
Mr.. Alexander and Mr.. Tarbell was direct
violation OF the agreement into which the di-
rectors had entered 10 let all action in the per-
sonaI quarrel be deferred until the Frick COM
7nittee had completed its investigation The
bold attempt 10 '1kidnap" the agents, they de-
olared. was nothing less than insolence TO the
directors-a setting up Of the company's en-
ployes against the committee appointed by the
society's lawmaking body.
Vigorous discussion in the executive commit
tee as TO the propriety OF the Alexander-Tarbell
actions has set the directors TO thinking" said
a Hyde partisan yesterday. Mr.. Prick is much
displeased at the accounts he has received Of the
agents meetings The directors agree with him
that more lies behind the conference than a
mere 'butting IN of agents. and well defined
Mr.. TaFben is not absolutely essential to the
success OF the Equitable"
A NEW POLICYHOL-DER'S SUIT.
Colonel Alexander s. Bacon, counsel for a
group OF policyholders. has obtained the ideal
client with the ideal policy Tor whom he was
searching, ana is now drawing up the COM
plant in the suit he Intends 10 bring.
EFT win be red hot complaint. you may rest
assured" he said, yesterday. There was time
when appeals 10 the higher courts in cases OF
this nature little short Of useless. But
there is a different atmosphere prevailing just
now, and rather clearer and more encouraging
one Ny client is a ViTginian seventy Eight
years old. who took out his policy In 1871. He
has seen HIS returns steadily decreasing while
the surplus of the society has been increasing
steadily. He thinks II time some one looked into
the reasons for all this. Ny complaint VIII not
be finished until next week
II is not doctoring and palliatives which the
patient demands. It IS the surgeon. and, TO &
certain extent. the undertaken. A reorganization
on the basis OF better attitude toward the
policyholder is what is demanded. The handling
OF the surplus Of the Equitable is in itself good
for a fortune of millions annually to the
handler. There is no doubt about this being a
nght for such control But the pOlicyhOlders
interests are not be overlooked or antagonfzed -
John d. Crimmins inclined yesterday TO
scout the idea OF new president for the society.
he knew Of no basis for such stories, he said.
he could see no good 10 come from the suits
being brought IN different States asking for a
receiver for the Equitable. He supposed they
were necessary evils.
In connection with the Equitable trouble. the
propriety Of the conduct of George w. Perkins
IN connection with the NeW-YorlI Life came up.
Mr. Perkins, who is a partner in J. p. Morgan
d Co., is Vice-prescent Of the NeW-Yor1 Life
and chairman OF its finance committee. The
p. Morgan & Co. It was stated officially that
Mr.. Perkins, who receives a salary as chairman
OF the finance committee Of the insurance COM
pdny, turned back TO the company hts plNhts
on any business transacted by that company
with his banking house.