The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-04-21
10 EQUITABLE SYNDICATOUS,
CURRENT LIST or "JAMES n.
HYDE AND ASSOCIATES"

the hand8 OF persons Interested mas Deeu
represented, presumably by one Of It's
member, as consisting Of the following
persons:
JANIS II. HYDE. ALVIN W. KREcH
JANIS W ALEXANDER. THOMAS d. JoRpAN,
HENRY M.ALEXANpER VALENTINE =. sNYDEH.
GAoB z. IARBELL JoHS J. McCooE.
UEoRoB 7. WILSON. U. b. ALEXANDER.
HKSHY O. DEMINo. One non-dlrector.
No announcement has been published
that any Of the eleven directors Of the
society named In the list except Mr.. Hyde
and President Alexander has turned over
any profile 70 the society.
A. a result OF a meeting Of the ereou-
tive committee Of the board OF directors
Of the society yesterday afternoon the lid
will again be olamped down on the Affairs
Of the society a. far a. possible. This de-
cision was reached by representatives Of
the two factions after James II. Hyde had
threatened, il Ia said TO make public in
detail the entire history OF the underwrit-
| ing syndicate, disclosing the names Of all
the participants and the facts and figures
In each Of the deals In which the syndicate
participated. MIR. Hyde, II was said, made
! this threat after hearing that Gage Z
! Tarbel bad. after the committee meeting,
said TO a reporter who asked whether the
! agents demand upon Mr.. Hyde for his
resignation had come before the com
mittee:
The matter was referred to Incident
ally, but no action was taken.
When Mr. Hyde heard that so much
had been revealed. he hurried back to the
committee room. where Chairman Frick
! Of the investigating committee and most
| OF the other members still we're. MI
Hyde. II is stated, told Mfr. Friok that II the
| other side didn't stop talking he wouldn't
| Thereafter II was announced that the
campaign OF publicity vas Suspended
TIRE INSURANCE DRAFTED oN'
| Supt. Hendricks Of the Insurance Depart
ment it was said yesterday, is TO investigate
! a statement 70 the effect that there is a clause
/ In the mort cages that are taken by the
/ Equitable Society which stipulates substan-
TALLY that all insurance on property mort
/ ga ged to the company shall be- placed In the
Continental Fire Insurance Company 10
which James II. Hyde and William II,
! Mcintyre are trustees. Very heavy com
| missions have been paid, IL was said, on this
business, and Mr., Hendricks Il was added
has been requested TO make a most search
| ing inquiry into the system.
NIB. HYDE DECLINES TO REsIoN
The committee OF Ave OF the general
agents OF the Equitable waited upon James
H. Hyde at his residence yesterday NOM
! ing and received from him HE refusal
/ to resign as vice-president OF the society
The committee met Mr., HYDE at his resi-
denoe at $50 O'Clock This was the formal
| request made upon him:
we, the general agents and managers
! OF the Equitable. assembled In convention
nom all parts OF the United States and
Canada, personally and through our agents,
! in CLOSE touch with the public, moving
the deep seated convictions OF our policy
holders and deeply dsploring the necessity
! for our action, sincerely and earnestly ap-
peal TO YOU on behalf OF the Equitable-to
! the creation and upbuilding OF which your
honored father devoted his lhe-and for
the sake of its poliOyholders and agents,
| to act aside all considerations OF personal
interests and now voluntarily retire from
the vice-presidenoy Of the society.
! Joseph Bowes OF Baltimore, IN present
ing this request TO Mr.. Hyde, made speech
In which he said that the vote to take such
| action had been IT'S to 10, after five hours
OF careful deliberation and after tonlng
| down several harsher propositions Of the
same tenor. Those who had voted for IL,
he said, came from all parts Of the country,
and knew what the policyholders thought.
| The agents themselves carried large policies
on their own lives.
sMr. Hyde, this IL a supreme moment
in your history he said. 1T u a supreme
| moment in the history Of the Equita BILE.
sIn the first place said Mr.. Hyde, reply
/ ing TO the request, i want TO say that /
have no intention Of resigning from the
vice-presidency OF the Equitable Such
a course | would consider cowardly and
/ dis graceful to the memory Of my father.
! Ne went on TO say that IL was evident
that the agents had not the remotest con-
ception of the controversy or the motives
behind it. He believed that they were
| entitled TO this, ana ne would send a leVteT
| 70 them to-day.
sPermit me, however 20 suggest, went
! on Mr. Hyde. that your request might.
| with far more justice and propriety, have
been made TO those who, having no interest
| In the society, precipitated this unfort unat Q
Controversy and are keeping the agitation
alive 10 serve their own selfish purposes.
-Tbe matter IA before the Superint endent
Of Insurance aud the Prick committee,
who are the proper persons TO Judge me
hest wav TO a sat isfsctory conclusion IL for
YOU 20 remain loyal 70 the Equitable-not
10 the Newfoundland 70 await the report
OF the investigating committee.
AGENTS AS PRoIY-cESrKBs.
When the committee reported back 20
the meeting the meeting voted TO ask Mr.
| HYDE TO come TO the afternoon session,
hut be didn't come. The meeting adopted
this resolution;
| R,soIrsd That this body recommend and
! u,ee upon each one OF its members the neces-
| sity mon his return 20 his field. OF organizinR
/ he poiicyholders into compact body who
! ~ SpyensTed 10 demand and enforce their
| TiShts under his leadership, and that he inn
| r,cdts teiy proceed to organize his agency
| Ynrca 10 act as his lieutenRnts In a campaign
! ~ tbiS Kind inviting his pOlicyholdeTs 70
| CCad,,n,unicate through him with the officers
| nd dIrectors OF the society instead Of allow
| Inc themsplves 70 be drawn into orRaniza-
| lions NOT 80 thorou ghly equipped for bringina
| about what every polcyhoder Of the society
ATdently desires
oo1lyo TO SEE HENDRICKS AND HIoorNs
The general agents perfected a national
oroaniZation and elected as president Z. A
Woods OF Pittsburg, the largest writer OF
Insurance In the employ OF the society
| MT Woods Ia anti-Hyde. An executive
COMMITTEES was appointed TO call the mem.
| hers together when this should be deemed
| necessary. In any event, a meeting viii
| he held here a year from now. The eNecu.
| tive committees Ia TO appoint a eub-cOm-
mittee 10 wrestle with the Legislature at
the pressnt session, should the Equitable
trouble ever get there.
IN WAS announced after the convention
adjourned sine die that an appointment
had been made with Supt Hendricks at
Syracuse at noon to-day, and the com