The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-06-24

against the society and against MIR; Murray, !
as the custodian Of the fund, to determine
the Ownership Of this money, ana VIZ
instructed some weeks ago to LeS'h 'uo'
suit, ..,. ,,orninos
newspapers as contemplating SUIT 10, , VIC
recovery, among other things. OF s' the
moneys, if on further examination OF une
report Of the Superintendent OF ln'u, x;sts
YOU find that any cause OF actlot ..crrov
General would lie entitled to preierehar}s,,,
and it could therefore he more s speeumy
tried We would very much prefer II az o.
BILE to you. that this course lie ta Ne,i,;;
Mr.. Hyde is most anxious for an lli1lh n,.nar.
ship of this fund. and If he Is right az s ss
believes himself to be, to relieve MIN ~
by the judgment Of the COURTS iron, ,; tmt
criticisms that have Eeen leveed agai,rt'
him in the report Of the SUPERINTENDENT.
which he regards a. most unjust and az
based upon total misapprehension Oh 'ne
aWe are prepared on lehalf OF MIR. Hyos
to accept service Of payers IN any eu ali
technical questions as to time OF pleaoi;ns'
| DC, to expedite an immediate ceteIliiii''t
ton upon the merits Of the case, ana 10
facilitate you in every way as put tho
official In the Judicia! settiefneh' Vi WV
questions involved ,a Ia
The Attorney General. in reply, sald ,i ne
would avail himself of the offer to expedite
an immediate determination in the nla. uer
and would take the necessary steps ae eo'''
as possible.
President Alexander will probably make
a similar request of the Attorney dererAl
to-day as regards the checks, amounting
to about $4,000. which he turned ti,o 'h'
society's treasury as syndicate proiiitsih
board of directors has received the resigna-
ton of another one Of Mr.. Hyde's seoTe-
taries carried on the Equitable payrolihe.
The name Of this one was Goffiet ana ne
was engaged on work Tor the Ai''"A''
Franchise
THE ELDER HYDE's TOLL ON PREM1UMs'
1t was said yesterday that Supt. ri
bricks will now be called upon 70 lnVeB.
gate other transactions in which Hem
Hyde was engaged during his asked.
. of the Equitable. He would be n there
, it was said, to determine what triI vde for
is in the report that the elder Of the
several years received / Per &c. his own
, premiums paid into the society Of a large
account and that the paymneeTs was made
i. sum said to be in the milllociety at the
time of Mr. Hyde's death f f Wv" and I Covered
on the society's books he society's real
increase in the values
: estate holdings. ,,s -enortad vester-
d.v that Mrs HyG the widow OF Henry Henry
3. Hyde, might yney aa General for an ac
o upon Dy 'ne Aiding to the Hendricks
counting, &C &C drawn pension Of s25, 900
Tear for AZ years from the society.
August belmont YESTERDAY made pubic
the letter which ne had sent to Grover
director in Mr.. Cleveland's hands to be
acted uposi at his discretion. Here 1t is:
NIX DEAR SIR: l have been policy,holder
Of the Equitable Life Assurance Society
snd aGa from h
year lse? to 1898 l served on the finance COM
mi.t1Hts N.Y. election howeyer a!th9aeh
was effected by the majority holding of the
stock of the company.
lnasmuch as this particular amount Of
stock has now passed into n trust, Of which
! you are to act as trustee, with full under,
standing that you Will have complete and
the selection Of the directors. place NY resig-
nation in your hands. to use when and in what
manner YOU may see hit. Believe me, yours
very truly. AuGusr BELMONT.
| This letter was sent to Princeton on June
| IA. Mr.. Belmont said yesterday
Il have not been notified that any action
has been taken on my resignation or letter,
and have not even received an acknowl-
edgment of the letter from MIR. Cleveland.
Chairman Morton will return from Wash
| ington to-day and resume his duties at the
Equitable Building
PoLIcyHoLpERs TO HAVE REAL VOICE.
| PS -tioular attention was called yester-
day to one Of the real purposes of the deed
Of trust which has just been executed.
| Under this deed the three trustees, Messrs.
| Cleveland, O'Brien and Westinghouse, men
of national importance and unquestioned
integrity, call upon the polcyholders Of
! the society for nominations for directors
and these directors are to elect the officers
of the society.
The new officers to be elected under this
plan have no right to take proxies from
policyholders and cannot hold any
| pro Xies. as there will he none. The acts
Of the newly elected officers, there
FORE will be under the scrutiny and direc-
ton of a really independent board of di-
rectors: and it was added that those who
will study this new situation must agree
that the reorgan2ed Equitable is to lie
mutual life assurance society in the fullest
Df