New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-06-03

Alexander -Tarhep factions in the Equitable Life
Assurance Society sheved the Frick report
yesterday at a directors meeting, when
abounded in stormy scenes and acrimonious per-
sonalities James Hazen Hyde, the young vice
president; James w. Alexander, the president,
and Gage E. Tarbell the much criticised head of
the agency forces unanimously hurled adverse
criticism and invective against the findings In
the report.
AS a result, Henry c. Frick, chairman of the
investigating committee. and Cornelius n Bliss
and E. H. Hartman, two of its members re-
signed from the Equitable's board. Melville l.
ingalls, and Brayton Ives, also members, an
nounced in the meeting that their committee
probably would hold session to CONSIDER inc
designations Of it's members as BODY Ii Is
thought unlikely however. that the latter TWO
will leave the society.
AS half substitute to the Frick report, there
was passed a set of resolutions creating chalr-
man of the board with plenary power over all
departments and affairs Of the society COM
mittee was named to nominate suitable man
for the place, and Mr.. Hyde was asked to di-
vest himself Of the control of the stock of the
society" within three months.
The proposal for a committee to name the
chairman and the proposal that Mr. HYDE shouio
sell his stock or place 1t in the hands OF trustees
met with much objection. So great discussion
was aroused that the resolutions practicaly
we're defeated by emasculated SUBSTITUTE
The meeting came almost to an end. AS the
directors were standing around the room dis
cssins the meeting, after two or three haG gofie'
the original resolution was proposed again IN
an informal way. was balloted on and carried.
There exists doubt as 20 its validity, and other
doubts as to whether the committeeman named
| In the resolution will consent to serve
DECISIVE VOTE AGAINST REPORT.
The vote which laid away the Frick report
was practically two to one OF the ~thirtS-ssFei
directors present. from twenty-four to twenty
eight voted against the report and other mos
tions in spport of it, digeetop Of one OF the
contendjng factions declared that the Frick
| committee had considered all accusations ana
charges against the officials from almost any
| source but had neglected the defences ana ex-
| plantations of the accused persons The COMMIT
teemen had greatly exceeded their INSTRUCTIONS
| and powers in many respects. he said. and the
board determined to show its disapproVal OF the
| committees action unmistakaply.
| THAT the peace patched up between the Alex
| ander and Hyde parties will last is doubted by
| friands of both leaders. Mr.. Hyde his friends
| saw demonstrated his complete control Of the
| board of directors by putting through MS plans
| without a hitch. For him to maintain an al
| lance with the men who tried to oust him from
the society his father founded would be foolish
| his friends declared
| That he will follow out the provisions Oh the
resolutions passed yesterday by selilng ms STOCK
or putting 1t into the hands Of trustees for Votns
Is considered highly improbable He made such an
| offer at the beginning of the movement for
| naturalization his friends admit, but conditions
| have changed greatly since then, and as nopody
| s.erned inclined TO take advantage of the offer
| then It's virtue lapsed with time
| At present his friends say, Mr.. Hyde, dislllu-
! ;o,,sd as TO the real interests of many whom he
| considered his friends. will stand solidly on his
| ownership OF the stock in guarding his own IN
| terests He will watch carefully against further
| ATTACKS on himself or the management of the
| Ecrf+ahle II the Hendricks report, which now
| assumes great Importance in the Equitable
affairs contains charges against him or the
| ,,,anapen,ent of the society, he will urge the
| ATTORNEY General to bring action in the criminal
| courts his advisers say emphatically, that ne
| r,a,, have an opportunity TO clear his reputa-
ton before the world in open public trial
The retirement of E H Hartman from the
| directorate might have considerable erect on
| the treatment of the Equitable difficulty by Su-
perintendent Hendricks and possibly oy the
legislature. it was suggested last night by some
| of those interested. The Hendricks report, they
believed. could hardly be less strong than the
| E>rick report which was bound to become public
| IN fuI before the superintendents report could
! he ready and II might be far more sweeping. IL
| II were action might be taken for legislative
investigation or the Attorney General might De
gin proceedings. 1t was said
| IMPORTANCE OF CHAIRMAN'S OFFICE.
The new place. chairman Of the board prac-
t,caTv would deprive President Alexander oil
rower Directors who voted for its creation say
that by filing It with man of national reputa-
| tion the good name of the Equitable VIII De re-
established before the public and the society WI
REGAIN its prestige and its business II the com
,o,ttee named consents to serve, 1t is expected
that the candidate will be named on Weohes
dav when another meeting Of the directors VII
, he held TO receive the report of the committee
r,-o names already mentioned in connection
with the presidency were much discussed las
nieht-those of George 3. Cortelyou, Postnaste
| General, and Joseph H Choate' eA-Aihoassauo
TO the Court of st. Jamess
The common enemy against which the TIVE
> eoctions in the directorate united. Ii was said
strong attempt which had been tTyinl
many weeks TO turn the control of the societ
from its present management TO otner hhehca
interests which should use its prestige ana asset
IN The furtherance of their own schemes stand
ard OIL interests wanted TO gain control OF tn
society according to one faction other Equi
,ahle Deople denied this. Still others declare
yesterday that beneath the entire hight was tn
, long srnouldering opposition or two lmportan
railroad groups both of which were represente
\ ;n the board both of which desired the alliance
sniritual and temporal, OF the Equitable
GOULD AND HARTMAN OPPOSED.
~, one side said person in close touch wit
!. ,.a bis situsA1A1. were NbAE1tch hi