The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-04-06

with no indication that the two men can
ever again be firm friends, or trust each
other. / and many Of the other direc-
tors have purposely endeavored to refrain
from connecting ourselves with either
faction in the society and have tried to
do only what we thought would best
serve the interests Of the policyholderB
and the society.
1T is evident TO me that one or the other
Of the two executives will have 10 get out.
II is a situation which cannot continue.
/ have the highest respect for President
Alexander as a man and think his services
az president Of the company have been
Of great value. But such a situation as
has developed must not be allowed to con-
tinue and see plainly that it will have to
be ended by some drastic action sooner or
later. Sooner will be better in my opinion.
WILL ASK ALEXANDER AND TARBELL TO KI-
PLAIN.
Besides the charge that Mr.. Alexander
il behind both the Crimmins committee
and the Bracket suit in his endeavor to
wrest the control Of the society from Hyde,
the venerable president will he called upon
at the meeting to-day by Mr., Hyde to eX-
plain how IL is that he sent a letter request
ing the perintendent OF Insurance to
make an examination Of the society with
out having informed the board Of directors
or the executive committee. Mr., Alexander
also. il was asserted, would be called on TO
explain in detail his alleged conduct in
a7saiIing the personal integrity Of his
associate, Mr.. Hyde, and Directors Sohlf
and Hartman, and in causing matter to
be printed dero gatory to them. An eN-
PLANTATION also will be demanded by the
Hyde faction Of the payment by Mr.. Alex
ander on the day Of the presentation Of the
memorial petition asking for the removal
Of Mr. Hyde, of the tls5 900 to Gage F.
Tarbell for his renewal interests in all
policies written by him. Mr. Tarbel, Mr..
Hyde's friends declared yesterday, also
would be called on to explain what money
he has received from the society over
and above his salary, and what interests
he now has in any business Of the society
obtained by him while managing agent.
Furthermore. Mr.. Tarbell will be officially
taken To task by the Hyde forces for having
placed his name on petition circulated
among the managing agents throughout
the United States which Ia described as
discrediting the society and injuring the
vice-president.
SOCIETY PROPOSES TO INVESTIGATE ITSELF.
The call for the meeting to-day giving
the purposes is as follows:
-SIR;-At the direction Of the president
a special meeting Of the Board Of Directors
Of the Equitable Life Assurance Society Of
the United States will be held in the board
room at 100 Broadway on Thursday, April
8, at 8 p. NJ, for the purpose Of declaring
two vacancies in the Board of Directors.
Immediately upon the adjournment Of
this special meeting, upon the request OF
seven directors Of the society, made in
writing and date April 3, and at the direc-
ton Of the president, there will be held a
special meeting to consider and act upon the
following business, TO wit:
First-The further amendment Of the
charter OF the society, 80 as 70 provide for
the expiration Of the term Of office Of one
half in number Of the present board Of direc-
tors in December, 1905, and Of the remaining
half in December. 1909, and for the election
Of their SUCCESSORS by polioyhoders and
stockholders in proportion OF seven TO six,
a. provided in the amended charter Of the
society now pending before the Superin-
tendent Of Insurance Of this State.
Second-The reeXecution and fling Of
said pending charter with the further
amendment above specified.
Third-Filling existing vaca ncies in the
hoard Of trustees and providing for the
creation and filing Of four vacancies in
the executive committee.
The foregoing proposed action Of the
board Of directors, being in pursuance
Of a request Of a committee OF policyholders
and with the approval Of the Superinten-
dent Of Insurance Of the State Of New
York.
4. Appropriate action on certain recon-
mendations Of counsel Of the society con-
corning the foregoing by the board Of di-
rectors and creation Of a commission 10
investigate the affairs and management
Of the society and act upon such further
investigation as to the board shall seem
fit.
Such other business as may be appro-
pirate in connection with the subjects
above referred TO- and TO take such other
action with regard 20 the subject mat
tiers above referred TO as TO the board may
seem best.
W. ALEXANDER, Secretary.
The commission referred to in the call
will IL il is created, carry on its investi-
CATION ooinoidentally with but independ- |
entity Of, the examination. Of the soCiety's |
aiairs 10y the Department Of Insurance.
REPORT THAT ALEXANDER MAY AcCEDE.
Just what attitude the Alexander forces |
intend TO take in the meeting was not I
disclosed yesterday unless President .
Alexander's statement that he would not /
resign may he taken as an indication Of .
the spirit in which he would enter the
meeting, He said in regard to this matter
There i no truth whatever in the report
that | intend 10 resign voluntarily. | |
have no intention Of giving up my position
as president Of the Equitable Life Assurance
Society"
The Hyde supporters made no attempt |
to conceal the fact that they expected |
Mr., Alexander and Mr.. Tarbell and Others
allied with them 20 oppose openly and
stubhorrly the acceptance by the board Of
the CrimminS committee naturalization
plan A report came % The sun however
that Mr., Alexander would probably agree
o the policvholdeIs committee propositions
as he did 10 the naturalization plan first
proposed as being the best that can he got
In the interest Of the poicyholders under
present circumstances. II he does accept
the proposed plan, he would undoubtedly
make IL clear TO the hoard Of directors
II was said, that his action in the matter
would not deter him from pursuing any
course which he might deem eNpedient
in the interest Of complete naturalization