The daily morning journal and courier., 1905-04-07
HARMONIOUS END TO
 EQUITABLE LIFE FIGHT
RESULT OF YESTERDAYS MEET.
 ING OF DIRECTORS.
Rumor. of Designations Fail to Hear Fruit-unanimous Decision to Adopt the Two-Years' Naturalization PIan-- Hyde and Alexander Both Present.. statement Given out-committee os Directors to Investigate Affairs.
ors to Investigate Affairs,

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 Statement Given Out-committee os
 Directors to Investigate Affairs.
 New York, April 6.--out of the fifty members of the board of directors of the Equitable Life Assurance society thirty-eight assembled in the company's board room this afternoon, and after an hour and thirty minutes of discussion, in the course of which it is understood the whole Equitable controversy was gone over, announcement was made that those present unanimously had de- cided to adopt the two-years' mutual ization plan announced several days ago.
 Rumors of resignations did not bear fruit. and it was authoritativeIy said tonight that none was rendered.
 Everything harmonious' was the tenor of the official statement Issued after the meeting by Senator Chauncey M. Depew and Cornelius Bliss
 This announcement also said that a committee of directors would thorough ly investigate the company's manage meIlt.
 President Alexander, of the company, and James H. Hyde were present, and it is notable that many of the directors came from a distance in order to attend the session.
 The plan for naturalization briefly provides that the terms of directors ex- piring December 31, 1905, and December 31, 1906, shall expire on the last day of December, this year, their successors to be elected the first Wednesday in De- cember, 1905; the terms expiring on the last day of December, 1907 and 1908, shall terminate December 31, 1906 and their successors shall be elected the first Wednesday in December, 1906. There will be four classes of direetors--those elected successors in the so-called 1905 class to serve three years; those in the 1906 class to hold office four years; those in the 1907 class to serve four years, and in the 1908 class to hold office five years. There will be thirteen directors in each class, six to be filled by Stockholders and seven by policyholders.
 There will be conferences with the state superintendent of insurance and with the policyholders' committee by a committee headed by Senator Depew relative to filling the two existing ya- cancies in the directorate by the policy holders, these two men to be members of the executive committee. These con- ferences also will take up the appoint ment of two more members of the exec- utive committee by c. N. Bliss. The conference will follow out the plan pre- viously suggested as to the resignations of four of the present executive com nlittee to make room for the new me1n- bers.
 A new feature in the Equitable mat- ter is the resolution adopted for the ap- pointrert of a committee of seven, headed by E. H. Hartman. to thor- HOughly investigate Equitable affairs.
 The original plan for the nutualiza- ton of the company provided that it should be accomplished in four years, but after last weeks sessions with the state superintendent of insurance this was amended to make the time two years, The two-year plan was acquf- #esced in by MT. Hyde. The plan begins to take effect next December.
 During to-day's meeting there were VdIIOuS EuuloTSf Ol q CUllIONeISy DS-- 4 tween Mir. Hyde and MT. Alexander, but so far as known nothing of this kind took place.
 President Alexander, MT. Hyde and John D. Crimnlins declined to add any thing to the official statement this eve- ming, and said they had no comments to make on to-day's meeting.
 Official Statement
 The following statement was given
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