New-York tribune., 1905-04-15
AGENTS TO ALEXANDER.
ASK EQUITABLE PEACE.
PoEcyholder disks Stay of Charter
amendment Proceedings.

a committee of managers Of the Equitable
Life Assurance Society agencies, headed by
Charles Wake, OF this city. and Charles Ed
wards Of Brooklyn. has been formed, and is
sending out circulars to the agents urging them
to advocate patching up OF the internal strife
OF the society. The meeting of the general man
ayers called by President Alexander will be held
on Tuesday at the Savoy Hotel. Several OF the
we'll known managers who have TO their credit
large renewal accounts held meeting yester-
day. il was learned at which they outlined a
plan of campaign for this meeting on Tuesday.
They will ask President Alexander. it was de-
termlned. why he decided so suddenly to demand
that Mr.. Hyde be removed from the society.
Since the circulation Of that petition they have
found great difficulty in writing insurance, they
say.
Considerable change has resulted in the senti-
ment of most of the managers regarding Presi-
dent Alexanders action in which he was sup
ported by Gage z. Tarbell, their immediate su-
perior. as head OF the agencies. At first they
thought any action taken by Mr.. Tarbell and
Mr.. Alexander must be for the good of the Equi-
table Now they are wondering. when they and
how difficult II Is for them TO write insurance,
what the society has gained.
The investigating committee Of directors. of
which Mr. FriclI is chairman, is holding daily
meetings. It was announced yesterday that Mr..
Frick had selected as his chief assistant F. w.
Haskell who is president Of the CarbOrundum
Company. Of Niagara Falls. and an expert ac-
countant.
The committee, instead OF waiting until It
has completed its investigation to make for
NAL report, will probably give out reports from
time to time as it completes certain lines of in
vestigation.
FtA lV,Vyn aFN of I1s
surance is still going on. but the investigators
decline to talk. That there were four examiners
from the departments Of other States here at
work with the examiners for this State was re-
ported yesterday but this could not be authentt-
Gated.
Three new applications to intervene in the
Lord action to prevent naturalization were fled
before Justice Maddox in Brooklyn yesterday.
They were in behalf of A. De Navarro owner
Of twenty-eight shares Of the stock; the estate
Of E. w. Lambert. which holds fifteen shares
and Malcolm McMartin, owner of eight shares.
No objection was offered, 30 Justice Maddox
granted the requests.
A. Edward Woodruff. Of No. 12O Broadway,
who has been acting for Herbert G. Tull, Of
Philadelphia. an Equitable policyholder. OBJ
tanned an order from Justice Scott in the SUI
preme Court directing the State Superintendent
OF Insurance to show cause why he should not
discontinue all further proceedings in the pro-
posed amendments to the charter. This action
would have little lasting effect the Equitable
controversy, it was declared by lawyers. The
superintendent could not be entOined from TAX
ing action on the amendments, they said
AIr. Woodruff's petition asked for temporary
STAY against any charter proceedings until after
the argument on his motion.
In long affidavit Mr. Woodruff said the suit
was brought to get adjudication determining
the rights Of the policyholders IN the surplus
of the Equitable society and have determined
what the reasonable market value Of the stock
of the society The affidavit asserted that
the company had permitted its surplus to be
used by some Of it's officers or to be used by
others by the commission OF officers, in way
entirely foreign to their proper use
Mr.. Woodruff says that the policyholders have
endeavored to obtain hearing Of their side Of
the case from the State Superintendent of In
surance but that he has refused to grant their
request.
A meeting Of the executive committee Of the
society was held yesterday. but it was said that
only routine business was transacted.