The daily morning journal and courier., 1905-06-08
RADICAL REFORMS FOR
 THE EQUITABLE LIFE

Continued from First Page.) was again denied, however, that any coalition" of these factions had been effected.
 The essential features of the formal statement issued at the adjournment follow:
 A resolution was passed requesting the committee to report their nomina- tions for chairman of the board to the board of directors at an adjourned meeting to be held at o'clock on Fri day next and it was resolved that if the nominating committee failed to make such nomination, nominations would be invited from members of the board at that meeting.
 Further resolutions were passed for the reorganization of the executive committee with the president. the vice president (Hyde) and comptroller as ex-officio members and four directors who are not officers.
 "The resolution was passed that the salaries of the executive officers should be reduced to correspond with those paid by other insurance, banking and trust corporations, the amounts to be hereafter determined upon
 "A further resolution was passed to reduce the general expenses of the so- ciety,
 "It was also resolved that no ad- vances to agents or other agency ex- penditures should be made without the approval of the executive committee; also that all investments made by the executive committee be made subject to the approval of the board and that amounts of deposits uniformly carried in banks and trust companies should be reduced to working balances and the residue invested in approved securi- ties"
 The resolution calling for the re-or- ganizatfon of the executive committee means the retirement therefrom of Messrs. Tarbell, Wilson and Mcintyre, the second, third and fourth vice pres idents respectively. It is altogether likely tkat other members of the com inittee will retire, including William A, Wheelock, who has been long seriously i'll and several members now closely identified with financial institutions with which the Equitable society has also relations.
 The official list of directors at to- days meeting follows: J. W. Alexander, Chauncey M. Depew, H. c, Deming, George H. Squire, Thomas D. Jordan, Charles Stewart Smith, Valentine P. Snyder, Alvin W. Krech, William Alex ander, John J. McCook, c. Ledyard Blair, Brayton Ives,James Hagen Hyde, Gage E. Tarbell, c. B. Alexander, M. Hartley Lodge, J. F. Delaware, Brad ish Johnson, Alfred C.. Vanderbilt, Au- gust Belmont, Fl. R. Winthrop, George J. Gould, Thomas G. Eckert, w. H. Me- Intyre, H. M. Alexander, David A. Moffat, George T. Wilson, and Joseph T. Low.
 Mir. Low presented his resignation in person, advancing i'll health as the chief reason. MT. Hugitt telegraphed his resignation.
 Superintendent Hendricks continued his investigation of Equitable officers and directors to-day, those before him including Vice President Wilson and Senator Depew. MT. Hendricks hopes to submit his report to Governor Hig- gins by the middle of next week.
 Two demands were made at the meet ing that James W. Alexander and James Hagen Hyde resign the positions of president and vice president re- spectively. One demand came from Brayton Ives, who said reorganization was impossible as long as these men retained their places.
 Joseph T. Low, who afterward resign ed from the board, offered resolution asking Messrs. Alexander and Hyde to resign. Charles Stewart Smith second- ed the motion, which was lost because United States Senator Chauncey M. Depew, who was in the chair, ruled that MT. Lows resignation was out of order, and thus prevented any vote being taken.