New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-04-03
RAD FAITH, HYDE CHARGE.
r1r.FKANDER PARTY MUM.
c,;mrpins Takes Vice Presidents
Side IN Equitable.

-. -,A,so character and management
= = - sssets Of the society have been assaileo'
q rsuving round him his supporters a"lOHs
,bs directors and the policyholders.
ryo ,,ll nress his demand for an Official IN
.4,ov n the society by the State 5upeFlh-
.o,,sarf Of Insurance II was saAd yes'eroas' nav
enc nut himself on record in FAVOR OF "ila'e
demands the policyhoiders have mace AOi iep
--.a,to, IN the management OF the society oy
7-az,,- At first a majority Of the board OF
s,..ors then one-third Of the executive COM
-. his 7,oIicv from now on will be TO Try
- that The Alexander faction. instead OF
.-,,,v, II, the interests Of the policyholoers Is
.-,,,rr for its own interests. This ne mann
...rs i nroved by the fact that having slsheu
- ,nt,,alization agreement put forlh Dy '"o
.,-,,,ittee Of seven for the directors FresiueA'
.,o--.-,sar and his adherents hung back from
-. ~, =, it's terms and even refused TO ratiiy
= -o,,sitton even more favorable 10 the polcS-
,-,ise-s when il was proposed TO let the poiiey-
,,,5e-s have part Of the executive commute
ro,, n. Crimmins. chairman Of the ponc.
holders, protective committee, dec'aieo
,,-. No. e Mr.. HYDE had done the things tie
Alexander faction charged, Mr. AleAAi-''
.r,so-+ ~ the society, was culpable IN no'
e,.sire ont that there was such mismanageIlleh'-
- ,,;s nart. Mr Crimmins didn't believe that
-~rrT I :
- ~-oe+able ana had made much money since
a., E5,,5a had held ofice Its assets were intact
-,o.,, ~ the members Of the Crimmins COM
-. ssa7o 70 agree with the chairman tnat
A. F5v6a has done everything possible 10 meet
-. demands of the policyholders, frank IL
7,,... counsel 10 the committee, sull hc4os OUT
.,- a oornplete. instant naturalization
.-,, ,o,i erisode OF the first meeting ere
s.-tr.sn5ent Hendricks, it was learnsG last
-,gb+ ,ras rot the alleged ulumatum OF Mf.
Alexander 10 yar. Hyde, but spirited charge Oy
7-lfbu Root aNat Mr. Alexander was gullty oL
he's faith Fer Mr.. Eyde, Mr.. Root a1ralehe1
Asr Alexander and rs counsel and associates Aor
oonsenring 10 the naturalization plan OF tne ul-
~ectors' committee; then, instead Of working OUT
,,a.-,o,,, ir accordance with that plan. holding
out for. more concessions. Having opIalneo 4 Sc
,ns mora advantageous offer. declared Mr. Root
-, -as,,sed 10 take advantage Of It, and were
hiding I'd a settlement Of the controversy |heh
80, other interest had agreed TO the plan.
u --snara4ion for the week, several informal
,o7eerences os counsel for both sides were held
yesterday. The most important was one at the
home Of William C Gulliver last night, at which
-psre Mr.. Hyde's lawyers. They refused TO dis
curs the situation after the meeting was ended.
me criunlns committee viii hold a meeting
fo-dsv. II IS likely that some meeting viii be
arranged between the various interests and Su-
,,e-lntendent Hendricks who has yet 10 make
ne arrsngements for the formal investigation Of
Ehs Equitable
WHILE Mr.. Crinmins declared last night that
with the latest proposal from Blr. Hyde and his
formal statement. the air seemed TO be clear
,ng It viii not be cleared effectively until some
definite declaration comes from Mr.. Alexander.
No statement could be obtained from him yes
ierdsy. His lawyers refused TO talk.
Mr.. Crimrnins declared that Mr.. Hyde's state
lnent was fair summary of the present situa-
tion He and his policyholders' committee ana
Mr HYDE wanted only that the Equitable trou-
HE be settled promptly. without personality
without loss Of prestige TO the sociey. Undouot-
edly since this controversy has degenerated into
a personal quarrel there was much fault on
both sides and both were open TO criticism
.1t VIII take a lot Of argument" went on Mr..
Crimmins. TO prove 10 me or 10 any other bust
ness man who can free himself Of prejudice
that AIr. Alexander has not been neglecting his
duty. crave charges have been spread broad
cast against Mr Hyde. who holds place in the
society under Mr Alexander. If Mr. Hyde did
All the things fl is said he did, why did not Mr..
Alexander know what was going on if he were
tending 10 his DUTY? II there was mismanage-
ment on Mr.. Hyde's part and Mr.. Alexander
CID not catch h ne was remiss in his duty and
ought not n be president Of the society. Mr..
Hy6e was away much Of the time: Mr. Alexan-
der was always here. All the checks passed
through his hands.
T don't see why Mr Hyde should resign.
Hes young and hasn't the wisdom and expert
once which come with age. but this controversy
win prove doubtless 10 have a steadying effect
or him. since he has been in Office the affairs
Of The society have been prosperous and no one
maintains that the assets are not IN evidence
As 70 the four men in the executive committee
Who are 10 be replaced by new members nothing
has been decided. It is entirely probable how
ever, that instead OF an four being Alexander
men, there win be only two appointed by Cor
nelius n Bliss while the men to be named by
he poiicyholders' committee for the policyhold-
ers may prove 10 agree with Mr. Hyde's views
4 - committee has not chosen its men yet.
nothing Official has been done al bout the four
men who shan retire II is supposed that they
&ll be Alvin "a. Krech. Valentine F. Snyder.
- A. Wheelock and II. @. Deming. Although
,hr transaction viii be rather peculiar. il is not
l,-!le'eo thar II Superintendent Hendricks names
l-u mere HlA be amy hesltancy about their
ieSigning. Mr. Dcni1g said yesterday that he
knew nothing about il save what he had read,
~ ne was pa the committee 10 serve the in
eItslh oi me society. and if tke society really
oesred his resignation it would be forthcoming.
cornelius =. Bliss declared that he mad not
.een present al Saturdays conference. Whep
tne hrst naturalization plan pUt forth 10y the
,oillAttee o. seven had been ratified by the d.
lFeuoFs. Ee had been satisfied with f.. IF the
announcements concerning the subsequent offer
.ee true Il woaid Dc even more satisfactory
statement crom - friend cf Mr hlexsn-
went out last niCht. declaring that the
80" sttteTnent was Is foolish waste " breath.
- replied 10 charges without making q specific
','isAers sna set forth = defence which did not
SfAa' sad the document Mr Hyde made the
eea.ala Tor an Investigation OF the Equita bic
10y eller The Insurance Commissioner himself
@ --s aecided 10 investigate and Mr Alexander
49,. 49, p.her oficials had urged him 10 take up the