New-York tribune., 1905-04-19

dence that the president will continue unfaiter-
ingly. and finish the work OF naturalization
which he has so courageously begun.
Resolved, That we urge upon the directors OF
the Equitable the imperative necessity OF a
speedy adoption Of the presidents recOmmenda-
tiOns as the best means OF conserving the pusl-
ness interests of the society. OF the pocyhOders,
OF ourselves and our faithful agents throughout
the field in the lifework we have chosen
After recess n resolution was passed express
ing unqualified approval Of the firm stand
taken by ce-President Gage E. Tarben in
support of the president on the great issue of
mutualizing the society and placing its admin
istration upon broad sound and equitable
foundations" Mr.. Tarben had thus increased
his strong hold on the affections Of the society's
agency force and deepened its confidence in his
attachment TO the best interests OF the society,
said the resolution.
FOR PERMANENT ORGANIZATION.
A committee of eleven was named to consider
a permanent association of general managers.
A temporary organization embracing the man
ayers in the metropolitan district has been in
existence, but this was disbanded in favor OF
the larger body. This new association viii be
likely to play an important part in future mu-
tualization efforts 1t was denounced by Hyde
people as simply a proxy gatherer Tor the
Alek kander side
ward A. Woods. OF Pittsburg, Mr.. Tarbells pet
agent offered q resolution commencing the APP
pOintment of the directors investigating COM
mittee, the outline Of work 10 be pursued IN the
Frick questions and Mr.. Fricll himself.
We regard the character of the committee
under such chairman as H. c. Frick as a GER
tifcate of thoroughness and impartiality, and
we urge the committee, in order to relieve the
trying situation, TO exercise all possible expedi-
ton consistent with thoroughness" said the
resolution.
OFFICIAL ANNOUNCEMENTS ASKED.
stin another resolution came from Rudolph
u, oF4 4l,ie oitx-
that the company originally was organized
on the mutual basis. with the entire surplus
held TO the credit Of the policyholders, but the
minds of the policyholders had been unsettled
by unauthorized and erroneous statements"
therefore the officers of the company are asked
10 make a definite official announcement Of the
following facts:
First-That the business has always been and
must always be conducted on the mutual plan.
Second-That the entire surplus belongs to
policyhOlders exclusively.
Third-That each participating policy will
ceiye its due share Of surplus profits in accord
with the terms Of each contract respective:
Fourth-That the agents in soliciting business
on this basis have acted with due authority.
Fifth-That the pOlicyhOlders have no ground
for apprehension or doubt in the premises.
LEGISLATURE IS URGED TO ACT.
The resolutions calling for action by the legis-
lature say, in part
Resolved, That we do hereby petition the legis-
lature Of the State Of NeW-York TO exercise its
plenary power by enacting such an amendment
of the charter of the Equitable Life Assurance
Society will accomplish speedily and with
certainty the admission of the pOlicyhOlders who
the real and beneficial owners Of the sOcietys
assets INFO a substantial direction and control
Of its administration.
Resolved. That 1t is our opinion that policy
holder should be eligible for election as director
of the society, and that to every holder of a
policy Of the society should be given by law
the right 10 vote in the election Of all directors.