The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1905-06-02
THERE I: WILDE v Il. ]. !. B
A#HOT' O ! q 1 \ Il
Is THE WAY M. E. Inc CALLS Eek.
PRESSED HIMSELF CONCERN
S, ING DIRECTORS MEETING
4 NJ OF EQUITABLE NOW .si,5fis
81, in SESSION. Il; II Y
a(By Publishers press.)

- = Il
" tBy Publishers Press.)
\ NEW y ORR, June 2 The members
ofIthe. board of directors 81 the Eauitt
able Life Assurance Society met at
III o'clock today to take up the con:
slderatlo1 < u the report Of the Frick
investigating committee, which was
postponed from the meeting on We'd
nesday. An unusual interest was
given 10 the meeting BY the fact that
It was charged, before the directors
assembled, BY friends OF Mr.. Alexan:
der and Mr. Barbell that the Frick!re+I
port represents a conspiracy engineer.
ed in the commltteeby II. 9. Frlck, 81
IS. Hartman and NJ. ~ ingalls,, TO
turn over the Equitable, with Its enor.
nous finances to q group Of Stinanclers
who are dominated by the Standard
Ion interests. The fight against the
report would be made.it was stated,
on these grounds. l{53 ~
Noneof the committee, or the ofil;;t
GERS whose designations 1t sisaid; the
report recommends, would discuss;
the charges in regard to the con,
spiracy Chairman FrIc!s said he;
could mot talk about any phase OF the
, report, and E. H Hartman; who Isl
accused Of engineering the matter
said :5%I do noticare to make any cons;
ment upon the statement. i; ,ssiis
Samuel Untermeyer, attorney for.
James u. Hyde, however denied that
there was truth in the charges Said
he.&"It Us too ridiculous a story to re-
fceiyeS. any notice from me. AS far as
i know, tl.ere Is nothing in IT,
Previous to the directors meeting.
there were d number of conferences
on the part Of members Of the various
factions. The purposes Of these
meetings is understood, was to map
J out a line OF action to be followed In
! the meeting President Alexander
closeted with his private counsel
X while another conference was held
In Nj. Hyde's otiices, This meeting
!: was attended BY MI. Hyde. Samuel
; Untermyer,t Senator Chauncey Depew,
George J. Gould ;FAlvlh W. Krech, Nv.
4 g. CULVER, w. s. e Pierce, y. q. Nc.
Cook, H. c. Haarstich, Bradish John;
son, David Moffatt, H. s .. Winthrop
4 and e: b. Alexander, 4 Il
They remained in conference until
E|itwastime to go to the Board meeting,
and presumably outlined the plans
Of the Hyde Faction. AS they left
D the room, all the members $refusedSto
talk about what had been done how
|; ever. "a;
Y There was many rumors afloat5 about
!. the Equitable building as to the &C.
ton the directors would probably
I take. Most Of the stories were pass
ed upon the charges Of conspiracy
!. which were last night put in the form
Of a memorandum and given out fol
j publication. The time given byathe
members Of the various factions IL
discussing their plans 4 Of campaign
before the meeting seemed to show
} that the fght$in5 the board would sbe;a
. warm one, and II was freely predicted
( that; tiiefmeetlng would be prolonged
I Melville ingalls, sized up the situation
as he stopped for a moment at the
5 door q the directors room to say: A.
, fsg - expect there Will be a hot Old
time, 4; ~ ys sss I
3 II was stated today that one impor
tant recommendation which 1T Is IN
derstood sSthe Frick report contains
was Ethe result OF a suggestion made
! by President Roosevelt. This clause
: ofsthe report refers ito the subject Of
i deferred dividend policies and ad
4 vises material changes in the handling
\ Of such policies; IN case the sugges.
|. ton Is adopted sitgwill probably result
2 in change in the method as 81 ali life
= Insurance companies inl relation Ia
such olielesS rs other companies wiz
j have 70 follow the precedent set iii
u the eqlitable This class or business,
III ~ stated. consti flutes about SO pei
lcent of the bpsi ness Of the Equitable
land prop rtionately large per cent. Of
the business Of life insurance con.