Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-04-06
BY Hartman in Equita.
bic Assurance Case.
There Never Had Been but One
Business Transaction.
And That Was Closed Because Of High
-s, interest.

New York, April 5.-The course
which the Hyde forces will pursue III
tomorrow's special meeting OF the
Equitable Life Assurance Societys d.
rectors, was forecasted. tonight. In
statement given out by one OF MI.
Hyde's friends. While the statement
bears no signature. it originates IN the
same source from which others giving
Mr. Hyde's attitude have come ana Is
regarded as authentic.
The statement asserts that Mr.. Al
exander will be called upon to explain
to the directors why he sent Ietter
requesting the commissioner or lhsur
ance to make an examination OF the
society without having informed 'le
executive committee, and that ne VIII
also be called upon to explain MS
conduct in assailing the personal IN
teRritv of his associates James Hazen
HYDE the vice president; jacob II.
Schiff. and F.. II. Hartman. directors
of the society, and causing the publica-
ton of matter derogatory to them.
"Both Mr., Alexander and Mr.. Tar
hell will he called upon to explain the
sale Of the renewal account for the
sum of $4,000. on the day that the
memorable petition. asking for the re-
moyal of Mr. Hyde was presented to
the beard of directors.
.'Mr. Alexander will be charged with
having retained Frank H. Platt to or
ganize what is SO commonly known as
the Crimmins policy holders protective
committee for the express purpose OF
aseailing the board Of directors and
maligning James Hazen Hyde. the vice
president, and also impairing public
confidence in the management of the
society.
"NIr. Alexander will also be charged
with having instigated the suit known
as the Brackett-Mary Young suit and
the action taken by Senator Bracket
in the Office of the attorney general
and also in the Legislature. acts which
are detrimental to the good name of
the society"
A statement was also given. tonight.
BY the sO-calied Crimmins policy hold
err committee, outlining it's proceedings
I'D to date. This statement recapitu-
lates the committees in the matter as
follows:
First-A representation in the board
at the ratio Of % to "a, one half TO be
elected in 1905, and the other half IN
1906.
Second-TwO vacancies now existing
in the board to be filed Immediately
with two nominees of the policy hold
ers' committee.
Thrd-The number of the executive
committee to remain at T. but four
vacancies to be at once created in such
committee, the state superintendent OF
Insurance to designate the four per-
sous to be retired and these vacancies
to be filed at once by the appointment
of the two men to be named by this
committee and two members of the
present board of directors to be named
by Cornelius y. Bliss.
Fourth--That the provision in the
amended charter as proposed by the
board of directors limiting any fur
Their amendment to the consent or
three-fourths of the stock to be not al
lowed.
These demands. according to the
statement. were presented to the coun-
sci representing the Alexander inter-
SITS. and were assentd to by them.
The demands were then submitted
to the representatives and counsel of
and to the counsel of the society and
we're accepted by them with the ex-
ception of the last clause. counsel
counsel pointing out that with this
clause. when the policy holders should
have elected % directors. it would be
possible to amend the charter so as to
destroy the share holders interest en-
tirely. The community agreed to waive
this point.
The statement says that when the
agreement had been drawn uD and
completed, lit was discovered that the
counsel representing the Alexander in
terests had left the meeting. and when
called on the telephone. the reply was
received that they had decided not to
commit their clients one way or the
other to the withdrawal from the de-
mands Of said clause fourth.
New York. April 5.-E. H. Hartman
made a statement, today. in reference
to the affairs of the Equitable Life AS
surance Society. He said that he had
caused his books to be examined for
nearly four years back and found that
there were no transactions between