New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-04-07

Z 7 =
sEIM6eT \ XIII \ ".
S SA7714-' 4 d bE X; Skv1RFso J ,
B BEE & 4 sTE 7Tlll J.
FT4TzaEsRAI.D. L ZkNpEEB!!LL. A @
c c5544G7EH = 1.4e44Iss7T72fzoP. HR
H1RBILGS z H s2aIH. G
HI. = = SNYDER v ?
Il was expected that the meeting would be
long and stormy. The tension the fight has Pro
ducsd was evident all through the Equitable
Building Clerks. Instead OF going home, IN
gered n the corridors. watched the elevators
and pressed as close as they dared 10 me
directors room. When d director left the place
they scanned his face eagerly 10 see by its ex-
preston what the result Of the meeting had
been
Jacob 4. scbiF was the first 70 leave the
hoard roor2 he was hurrying 10 catch train
70 Hot Springs. where he intends TO take q snort
vacation He declared that the meeting was
Tot ended, but that everything had been haF-
| nontous.
: few moments later the meeting adjourned
IN little groups the directors departed August
Belmont and z H Hartman went away To-
gether. Senator Depew and Alfred Fanderoht
came out together. The Senator announced tn@I
the meeting had been harmonious. that the t"o-
year naturalization plan had been adopted ana
statement in q short time
Just then Mr.. Hyde, clad entirely in black and
white. with large pair OF black goggles. went
toward his Office.
THE rneeting has ended" he announced
/ There viii be an oficiaI statement Of what
took place"
Has anybody resigned" was asked.
Not that I've heard he answered. Struggling
his shoulders.
/ Senator Depew and Cornelius y Bliss went
/ 70 the Office Of H r winthrop, the assistant
/ secretary, where they began the preparation OF
the statement Senator Depew wrote It out N
/ longhand. passed il over TO Mr. Bliss. who
4 vised il, and then through William Alexander
/ the secretary, It went 10 the stenogTaphers-
President Alexander looked into the room for
moment W H. Mcintyre and ". c. CULVER
were there for short time. Finally the fol-
/ lowing document was produced:
STATEMENT OF THE DIRECTORS.
TIE board Of directors after full discussion a4an-
the meeting with The Superintendent OF insurance
Strike out the fourth paragraph Of Article and
/ insert therefor the following: :,
vadd into 69a f6uF q CASES q Thirteen To effect
more speedily the change from Doard e!ecteG en-
stoekholdeTs and partly BY policy II IS HsIs
heretofore elected for the terms ending December
q. 1876 ana December 81. 1905. shall expire on De-
shall Re elected On the frst Wednesday in the month
OF December. Is and the terms of Office OF the d.
! December 81, 1901 and December g. 1ss. shall ex-
pre- OF December g. 1906 and the successors 70 suea
directors shall be elected on the first Wednesday In
/ At such elections the successors TO the class Of
'o5 shall be elected 10 hold ONCE for three years,
years the successors 10 the class OF q 10 hold OF
= -. - ~ ..e - r-o-z,SCi
four classes OF directors OF thirteen each whose
1903, 1873. 1910 and I9u In the election OF each OF
1iI77 vote o. T6e stockboIder and seven q
the vacancies shan be Glled by plurality yo{e OF
voting b. ballot, IN person, or by proxy, as here
resolution was unanimously. adopted that
/ committee OF four. consisting OF Messrs. Depe7v,
tee Of the board to consult with the Superintendent
Ieen nnToyei bv him and with the poIcyholders'
/ committee. OF which John D. Crlmmins IS chair
seag 4 h s2 on me ' foIlo%ins su5ecs
The suggestion that the TWO eXlSS{[59g, yacancies
whose names shall be proposed by the pohcyhold-
The suggestion that the two, directors thus
elected on the NOMINATION OF me Po!l2y hoLaers
tive committee Of this board. ..---. :
this, board before the elecuon OF ls2 snaI4 De
! filed by this board with nominees OF the TWO
ton Of the policyholders' committee. this pro-
list nfV Of directors elected in islS
1 The suggestion that TWO more members Of the
/ executive committee shall be appointed on the
nomination Of Cornelius y Bliss the committee
10
remain at its present number OF twelve
The suggestion that four vacancies be created
/ ia the executive COMMITTEES, by resignation by
the board, the designation OF the Superintendent
| Of Insurance. TO make way for the proposed new
| ResoIyed That a committee Of seven consisting
of Messrs Bliss. Mills, Frick Hartman Ives. Hill
and ingalls, be appointed. charged with the duty Of
/ Thoroughly investigating and reporting on the
present management OF the society.
/ The president was requested TO call further
meeting Of the board upon the request OF either
| Speeches were made by James J. Hill. Melville E
| ingalls, John A. Stewart, Charles Stewart Smith.
! T2rgEton Ives. 7. De Witt Cuyler others in
and OF the Of the press, which IS injurious
| TO the company. That while in the charges and
ths cOunterchaTges, there was no question as 10
the solvenCy OF the company, or its large surplus
| above ali liabilities, or the soundneSs OF It's in
! Yestmeuts. the controversy was creating wide
spread dstrust. and doing great injury to all life
/ the board should and would probe and as a
! result OF their investigation so recommend az 70
Justify confidence in the company and It's manage
/ ment.
Mr. Hyde would have nothing to say last
night friend said that President Alexander
had received in the meeting "a scathing call
down" This said when asked IL the
fight IN public had not been the cause Of great
loss to the Equitable:
TT has been appalling loss not onIv 10
the Equitable, but to other Insurance oopapa-
MES"
When Mr.. Alexander was asked for AZ his
home. the reply
Mr. Alexander is worn out. He went to bed
at o'clock"
At the home Of John D. Crinmins the ,nfor-