New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-05-13
HYDE COMPLAINT SERVED.
rH1RGES n CONSPIRACY.
Sans nr. 4Ierander Plotted to Get
Control of Stock.

SOfhbfO W ~ CNC]ts
,.,,es H. Hyde in his long expected COM
- which was served on James w Alexan-
- .arly last night in the suit seeking his re-
al nom the Hyde trusteeship. says that the
r-s-,rins policyholders' committee was partly
e-anced by Mr.. Alexander. and that Mr.. Grim
IS has declared openly that Frank Platt. the
'--nttee's counsel. was working for Mr.. Alex
ander
~ HYDE charges Mr.. Alexander and Gage E.
,-.-fal with conspiracy TO oust him and dis
<-,,ebise his stock.
renlv 10 the complaint issued late last night
- the signatures Of William B. Hornblower,
,,-ian II. Joline, William y. Cohen and Charles
= Hughes. says that the charges that Mr.. Alex
o,5er has committed any breach of trust are
..tsrIy baseless' and that the charge OF con-
,rnracy is utterly groundless."
..7be-s Is not a word Of truth in the state
.,s,t 20 said Nj PIatt last night Neither is
there in .he statement that have been working
for Nj Alexander
7, conversation with Tribune correspond
ant over the telephone, at Stamford. Conn.,. last
NIGHT John .. Crimmins said:
~ looks to me as # Mr.. Alexander has been at
,s.st Dartly iinaucing the policyholders' commit
,ae risa fact that some Of the members of the
,ommjttee volunteered TO pay their own ex-
,,arses They were informed by Frank Platt
81. f. would not lie necessary for them TO do
90 Nr Platt said the expenses were provided
for don't believe that anybody disputes that
Nl- Platt has been wol4.ing for James w. Alex
snder Mr Alexander has been represented by
The law frI0 Of Alexander & Colby, one of the
members Of which is his son. I believe it is
generally known ana admitted that Mr. Platt
has been retained 10 assist this firm"
r was said yesterday that the Equitable had
bo,gb- only Sl3.OO0O01 Of securities from the
eight underwriting syndjcates, as compared with
S2lSOnNoOO o. other securities bought by the
F9uitable in the same period. 1t was likewise
asserted that the Mutual Life had bought more
Of the syndicate's securities than had the Equi-
table.
ALEXANDER AND TARBELL TO RESIGN?
A man in touch with the Investigations of the
Prick committee and Superintendent Hendricks
said that Mr.. Alexander and Mr.. Tarbel would
resign on the publication Of the two reports TO
escape their removal at the next annual meet
3ng. Arrangements have been made. it is said,
whereby, the Frick committee will have the
benedt Of Superintendent Hendricks's report in
time. II reed be, for the directors meeting on
Nay q.
Mr Hyde, in his complaint says also that he
has never been concerned in unwriting
ourities part Of an issue Of which the Equita-
be has bought where Mr., Alexander has not
Shared equally. Regarding the syndicate trans
actions of James Il. Hyde and Associates in
which japanese g per cent bonds, first series.
were underwritten. Mr.. Hyde says he was in
Europe at the time. and that sharing in the
deal WAS offered 70 Mr. Alexander. Mr. AIexan-
de- personally, AIr. Hyde says, made the allot-
nents. and with another, not Mr.. Hyde, author
tzei the purchase of part Of the issue of the
bends AIr. Hyde still being in Europe.
MR. HYDE ALLEGES CONSPIRACY.
3Ir. Hyde alleges that Mr.. Alexander mali
ciopsly circulated the statement that the de-
feulant was not concerned in these transac-
rions or thar he did not realize its true nature
whereas in every instance he received and col
lected check. Mr.. Hyde says that the alleged
false and deramatory charges have impaired
public confidence in Mr.. Hyde and the Equita-
bic have crippled the organization and are di-
reetly chargeable to Mr.. Alexanders conspiracy
and TO his ''perfdy in attempting for his own
selfish purposes to destroy the value Of the prop
erty intrusted 10 his care"
Mr. Hyde. with William H Mcintyre Annie
T Hyde and Mary g. Ripley, two co-plaintiffs
for an accounting from Mir. Alexander and for
his removal from his tTusteeship. After
ferrinE 10 Mr.. Alexander's alleged circulation
a the memorial attacking him. Mr.. Hyde
tells ot an alleged conference with Mr.. Alex
aHder, in which the latter coupled demands
that Nj hyde Immediately renquisE control
Ct the Equitable with threats of exposure and
sLeged iInproprieties, and impressed him
mat the movement against him personally had
been So effectively organized to be resistless.
Such threats were followed by the circulation
and publication OF false and defamatory charges
affecting him, says Mr.: Hyde
Mr. Hyde and his co-plaintiffs say that none
q the ffty-two directors, excepting the officers
who signed the memorial, were aware either Of
The attempt to force Mr.. Hyde out Of the
charges made against him. They also say that
Signatures TO the petition were obtained by mis-
representation.