The Birmingham age-herald., 1905-04-21
HYDE WILL NOT
 RESIGN HIS OFFICE Will Issue Statement to Equi- table Agents Today SOME TALK OF COMPROMISE Agents Will Ask Policy Holders to Join Them In Efforts to Adjust
 the Affairs of the
 Company.
SOME TALK OF COMPROMISE


 New York, April 20.-After First Vice President James H. Hyde of the Equit- able life Assurance Society had informed a committee of managing agents this af ternoon that 1t would be impossible be- cause of previous engagements for him to address them today the agents con vention, which has been in session in this city for three days adjourned without delay.
 This committee did not see MT Hyde but telephoned to him at his office, and was given the information that the First Vice President of the Equitabl was glad to receive the invitation. but could not accept; that. however. he would prepare a statement and transmit 1t to the com mittee reviewing the situation as he con- ceived it. This statement, It is understood, will be circulated among the agents when received.
 The invitation to address the agents fol- lowed a call by committee on Mir Hyde this morning with a request that he re- sign an officer of the society. This MT Hyde declined to do in address in which he said he would consider an action unworthy and disgraceful to the memory of my father" and he added further:
 Tt is evident from your extraordinary request and from the report of the pro- ceedings at your meeting that you have not the remotest conception of the un- fortunate controvery or the motives be- hind the struggle for the control of the society"
 Will Reply to Demands.
 In this same address he promised to write the agents tomorrow In reply to their demands.
 MT. Hydes speech had followed one by Joseph Bowes of Baltimore chairman of the agents committee, in which MT. Bowes recited that the request for the resignation was practically unanimous.
 These were the principal developments of the session of the agents which be- gan at the Hotel Savoy this morning. and continued until after o'clock this afternoon. Permanent organization was effected and officers chosen. and shortly before adjournment it was decided that the committee of seventy-two named yes terday to wait on the state superInten- dent of insurance and upon Governor Higgins to urge legislation favorable to naturalization should proceed to Syracuse tomorrow morning and see Superintendent Hendricks at his office there. and then return to Albany and meet Governor Hig- | gins Saturday.
 ! The executive committee of the Eauit- 1 able also met today in President Alex ander's office. but other than the an nouncement that the demand for Hyde resignation was discussed. nothing was l given out
 The committee of investigation of which H. C. Prick is chairman was In session In the course of the day, and unanimously agreed to employ former United States Attorney General Knox as counsel
 Announcement was made that the In vestigation would be pursued with all possible speed and thoroughness
 It was understood tonight that many of the agents were leaving for their homes
 May Reach Compromise.
 There was some talk tonight of set tlement of the difficulties between the | Hyde and Alexander parties but no con | firmation could be secured. A rumor tha, such steps were afloat was widely circu. lated. but could not be traced to an, authoritative source. Shortly before the adjournment of the agents this after. noon, this resolution was unanimously adopted
 Whereas, we believe that when we re- turn to our homes we shall be in nosi. ton to convince our policyhoIders that their cause is being successfully cham. | pioned; and
 | Whereas, this body is formally com. | mltted to naturalization and faithful ad. ministration of the societys affairs: and
 Whereas policy holders committees are being organized in various parts of the country; therefore be 1t Resolved, That this body recommend | ana urge upon each one of it's members | the necessity upon returning to his field Tn faVor of organizing his policyho,ders into compact body. who are prepared to demand and enforce their rights under his leadership. and that he immediately pro- ceed to organize his agency force to act as ms Heutenants In a campaign of this kind inviting his policyholders to com municate through him with the officers ana directors of the society, instead of allowing themselves to be drawn into or ganizations not so thoroughly equipped Tor bringing about what every ps.,scy- holder of the society ardently desires" The resolution was introduced by F. H, Hazelton of .'ortland although it was admitted by officers of the organization Of managing agents. that he was not it's author. The identity of the latter was not revaled.
 When questioned tonight about their interpretation of the resolution. members of the conference would not admit that the measure involved a grasp upon the rolicyholder throughout the United States through the general agents and man. agers.