Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-05-13
HYDE OPENS FIRE.
Pres. Alexander Served
With the Summonses
In Action by Which Former
Hopes to Remove Latter
From Head Of Equitable Hyde Denies All
Charges Against Him.

New York. May 12.-Jarles w. Alex
andcr, president of the Eu'ritable Life
Assurance Society, was served, today,
with the summOnses and complaint in
the suit brought against him by James
II. Hyde, William II. Mcintyre, Ami"
Il. Hyde and Mary h. R'piy. in which
the plaintiffs desir" the removal of Mr..
Alexander from his position as trustee
of the Hyde stock and demand an az
counting.
This latest move in the Equitable
troubles followed close on the heels of
generally circulated reports that Mr..
Hyde and Mr. Alexander were arrang-
ing Il truce, reports admittedly largely
based on the delay in fling the suit
to rcr;Ove Mr. Alexander from the truS-
teeship.
The complaint then charged that III"
defendant has for many months pas.
been secretly engaged in organizing and
carrying on conspiracy the purpose
Of whit h. was to take the power of con-
trolling the management of said society
away from the stock without the con-
sent of it's holders, and to confer this
rower ostensibly upon the policyhOlders
but in form in which lie expects to be
able to control the management
through proxies secured by agents of
the society from policyh"lders."
The defendant is charged with in
augurating "said conspiracy by joining
with himself one Gage F.. Tarbell. sec
ond vice president of the society,"" and
that all the "overtacts i'm said cOnspir-
acy were committed with the aid and
connivance Of said Tarbe!l.' After re-
viewing all the ground covered by Mr..
Hyde in his public letters and all Tea
lures of the controversy, the complaint
charges Pres. Alexander with willfuI
design prostitute his trust so as to seize
for himself the control of the property"
Mr.. Alexander is further charged with
circulating numerous scandalous stories
about Mr.. Hyde'S management of the
society and his private conduct.
Mr.. Hyde denies all these stories and
specifically names the charge that he
had given a masked bali at Sherrys.
charging the cost to til" Equitable; that
there Improper and scandalous occur
RANGES such as dancing a can-can on
the dining table" that he had engaged
in certain financial operations alone or
with others without telling Alexander
and had thereby hurt the Equitable:
that he was connected with the pur-
chase. sale. promotion and underwrit
ing Of securities of the United States
Shipbuilding CO., or that the Equitabl"
had become involved in such transact
lions by reason Of the connection of Mr..
HYDE Herewith.
Mr.. Hyde declares that said ball was
in all respects digni!ic1 and artistic
entertainment" that the story Of the
"can-can" was part of the conspiracy
to iniure him and that these 'defama
tory Statements were timed to appear
before the petition oc the president and
certain other officers of the Equitable
for his removal.
Mr.. Hyde says that Mr.. Alexander
has been an equal sharer with him of
all profits and losses in the financial
transactions.
An answer tn the summons and COM
plat of Mr.. Hyde AMI Others was made.
tonight. by VIM. +. HOrnblowcr. Adrian
Joline, VIM. H. Cohen. and Charles f.
Hughes of counsel for Mr.. Alexander.
The answer says that the claim that
Mr.. Alexander has committed any
breach of trust toward Mr.. Hyde under
the trustee agreement IS utterly base
less.