New-York tribune., 1905-06-01
TRICKS RADICAL REPORT.
DIRECTORS DIGEST III.
Equitable Meeting 4djourns V'th-
out .4ctiOR.

yorr DELAYED quarterly meeting OF the
Life Assurance Society. the directoiS
without taking action. The report ,+
learned last night was far more raolcsli ~ -
-, ,s+ Of -he directors had eE-
-.,oa .,z - was considered advisable to dlees'
., before taking action The adjourned iiiee'ilie
;T1 he hold Tomorrow at IL a m liieh INC
s,o.ors will be prepared, it is predlc'eu' :"
sa+,te tbe long fight for control OF the So0is
,r,. ,.os,7;re- of the report occupied an houi
btf ,rhe discussion which folloWeu -
-. ,.a,,,, two hours Speeches were iiia"e y
so,ors, directors. notably by Senator Dp'
James Hazen Hyde and President .-N'o-oa
One version had ii that Mr. HEoe uec 'A,I-
he rss entirely willing TO have the haui.'D,o
1,,-oa - +ba extent agreed on by both
-; ,5 IN carry out this agreement iie
,s ~, tia stock into the hands or trustees
for the election Of directors to represent P--'
tol5ers He would never DO thls'
-rbi1e lanes W. Alexander and Gage L "a
held rIaces of influence in the EqulIaUie' ''
which they might be able to seize cohlroi "a '-
.oo,e.,- as they were at the bottom OF the pres
.nt trouble and he could not take chaii0eS ol
g. o,a,rsI oF attacks on himself. He thought
the board should take some ac'loh -
the recurrence of the factional strife one ol
MT Hyde's friends. however, oeliiNU '
such speech had been made
strong efforts were made to guard against tne
rauort's becoming public until after inc po"io
has adopted it and taken action on IL f1aoii
director was pledged 10 secrecy MI fTicA re-
,sused absolutely 10 talk about the report 1t
rould he made public he said, when the board
authorized him to give it out
ROTH FACTIONS ARE ACTIVE.
The meeting. although it saw no end TO the
long fight. was preceded and followed by un-
wonted activity among the leaders OF po'h iao-
tons Mr.. Hyde and his lawyers We're III coi'-
Serence before the meeting. and President Alex
ander. Mr. TarbelI and President AieHahoer
i1avvers held a consultation. The Frick com
,,,ittee too held a meeting for hour before
the directors meeting. at which MI FLICK anu
his counsel discussed the report
Tho directors began to assemble long before
II o'clock the hour set for the meeting 1hey
gathered IN little groups, wandering INTO 'he
hoard room in twos and threes. Clerks colected
.n the corridors watch them, While Two
galleries which command the main floor Of the
executive Office were filed with spectators all
CAV Another element in the excitement was
furnished by a process server from Senator
Rraoketts office. who tried to serve the out Of
lovn directors with summonses in the Mary s
Young suit He caught Mr.. FTick after the
meeting.
The meeting itself was unusually long, and
the attendance unusually large. OF the fifty
directors the following were present: J. w.
Alexander Louis Fitzgerald. Chauncey NJ De-
pew H c. Deming. Cornelius N Bliss. George
H Squire Thomas D. Jordan. Charles S. Smith.
V p. Snyder, Alvin w Krech, William Alex
ander John j. McCook. James B. Forgan, C.
Isedyard Blair Brayton Ives. NJ. E. ingalls,
James H. hyde, z. H. Hartman. Jacob H
Schin T. jefferson Coolidge Sir William c
Van Horne Gage Z. Tarbell, Marvin Hughitt
c. B. Alexander Henry c. Frick, NJ Hartley
Dodge, J. F. de Navarro, Bradish Johnson, AL
fred G. Vanderbilt, h. R. Winthrop. D. o. Mills.
George J. Gould George T. Wilson. William H
Mcintyre H. NJ. Alexander, H. c. Haarstick,
David H. Moffat and Joseph T. Low
Promptly at II o'clock the meeting called
20 order by President Alexander. A few min
utes served TO dispose of the routine business
Then began the reading Of the Frick report
Luncheon was served in the dining room at
noon. but the reading OF the report went on.
and it not until 1:30 p. m that it was fin
.ished. Then came an interrnission for luncheon
until Q. Gage E. Tarbeu spent most Of that
time in conference with Messrs Alexander and
Colby. President Alexanders lawyers.
EFFORT TO PROMOTE HARMONY.
When the meeting reconvened Senator Depew
began an earnest effort TO bring together the
warning factions. in which he was aided by one
two of the older directors The report said
Senator Depew, had proved that about all the
charges made against Mr.. Hyde were un-
founded. and it had assured the directors that
while there might be many things in the man
agen1ent Of the society which were capable OF
improvement there was nothing criminal moth
ing Of wiiful wrongdong, be charged to any
official The charge that there had been syndi-
cate urderwritings from which officers Of the
society had profted wrongfuny had fallen
1Ch he SaiJ had III,
syndicates II which both President Alexander
and Mr. Hyde had been members. but nothing
wrong in them had been shown
The endeavor to mutualize the society, he said
had been made he believed, with an honest de-
sire for the betterment of the society and the
protection OF its policyholders From it HAD
grown a bitter personal feud. which had resulted
IN much to the society, loss of prestige
loss of business and loss OF public confidence
The time had come to put aside all persona
animosities and with the adoption Of the re-
port, TO get together all factions work for tn,
benefit of the Equitable.
After Senator Depew. Mr.. Hyde spoke Mos
Ct his discourse had been put into writing. Pres
ident Alexander also spoke. combining himself
TO discussion Of certain phases of the report
Then was put into operation a plan worked ou
by the Hyde people two three days ago. tn,
adjournment of the meeting until Friday. tha
each director might digest the report and caIml,
make up his mind as action on it.
The report itself according to what could b
learned yesterday, is practically narrative o
conditions as the committee found them Few
recommendations made as the committee
believed that suggestions for me betterment q
conditions should be worked out by the ful
board. What suggestions We're made were no
in regard 10 the more important questions a
issue.