Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-04-02
TO s[T'|E|LElE!IR|O|ly|BLEs
Proposed Solution of Equitable
S91S9TJ %0E JliH
Differences.
ALL SIDES FAVORABLE
ATTITUDE OF PRESIDENT ALEX
AMBER UNKNOWN.
Mr.. Hyde Issues Statement Declaring
Charges Against Him
Are False.

NEW YORK, April 1.-After a confer
ence of five hours in the New York Office
of State Superintendent of Insurance
Hendricks, at which were present repre-
sentatiyes of the various interests in the
Equitable Life Assurance Society contro-
yersy, two official statements were issued,
one which suggested solution of the
differences and a second some hours later
by James H. Hyde, first vice president OF
the society," who declared that he had re-
uuested the state insurance department
to make thorough and drastic investi-
CATION of the entire management of the
society"
These two statements were the first
which have been given out since the
present series of conferences began.
At today's meeting were present Super
fntendent Hendricks, e. H. Hartman,
James H. Hyde, John D. Crimmins, Henry
Morgenthau E. w. Bloomingdale, and
these attorneys representing various IN
terests: Elihu Root. w. e. CULVER; Ed
Stanchfield Judge William H. Cohen ana
cambridge Colby.
It was at the close of long session
that the first of the statements came out.
None of those present would offer any
comment on it, nor would they discuss
Equitable affairs, maintaining the silence
which has characterized the attitude Of
every one lHteIeStcet. SihSS MI iNANS
arrived in the city
Mr. Hydes statement besides calling for
an investigation, declared that the scan
dalous charges relating to his conduct as a
director and officer were false ana
that these charges "have their origin in
an effort by individuals to obtain control
of the Equitable society and it's assets.
Statement Issued.
The following statement, which en-
braces the views of all the interests repre-
scented in the controversy, was given out
at the close of the conferences:
Eat a conference held before the super
intendent of insurance, the Crimmins COM
mittee representing policyholders in the
Equitable Assurance Society, submitted Tor
his consideration the following report
''They demanded a representation in the
directory at the ratio of twenty-eight to
tWenty-four, one-half to be elected In 19Uo
and the other half, in, 1905 the two exist
ing vacancies in the board of directors to
be filled by men whose thames were to be
proposed by the policy holders' committee
These two names, as suggested by the pol
icyholders' committee, wereato be put upon
the executive committee 1.-THE executive com
mittee consisting eff twelve members II
was suggested that two additional names
for members of the executive. committee
should be designated. by Mr.. Cornelius N
Bliss. In order to Secure four vacancies
to enable the policYhnlders committee TO
have two Representatives and Mr. Bliss, the
two others suggested. 1T was suggested that
the superintendent OF insurance snouio aeso
ignate the four names which should retire
from the present executive committee.
1.-The counsel for the executive commit
tee, Mr. Root, said mat he would recon-
mend it's acceptance to- the board OF OIL
rectorS.