The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-04-05
HYDE WILL FORCE
ALEXANDER OUT
Charges President Of Equitable
With Breach of Trust and
Threats Against Himself.
TARBELL MUsTALs0 RESIGN
Letters Hitherto Carefully Kept
Secret Made Public OH Both
Sides-Figllt Very Bitter.
nv Associated 1,ress.l

L . rI. Pr r
NEW Y DIRK. pril 4.--Thc fight In the
Equitable Life Assurance Society as
sumed ~ new phase tonight, when sew
eral letters that have heretofore beer
carefully kept secret were made public
Further interest was aroused by per-
sistcnt report cnanating from, an appar-
entity reliable source, and 30 far, net de-
MED, that vice-President Hyde and his
friends In the society had decided to
assume the aggressive. According to
1.-The report. the Hyde party will force
James Alexander and Gage Il. tTarbcll
to retire from the presidency and SECOND
vice presidency. respectively of the So
ciety mt the meeting OF the board Of
directors to be held next Thursday. ZEE
This sta tement was strengthened to-
night by the fact that both parties to
the controversy gave out certain letters
and statements bearing on the questions
In dispute. & Mr.. 5IIydes contribution was
the letter which he wrote to the Equita-
bic directors on February 18th, when the
fight for naturalization first came Off
cially before the board. The letter Is q
lengthy history Of the Equitable and Mr..
|Hyde's position under the terms Of his
fathers Abequests, and in It Mr.. Hyde
formally charges President Alexander
with gross breach Of trust to my father
and me- u
Alexander's Letter.
Mr.. iAlexanders contribution to the his
tory Of the controversy is his letter to
the State superintendent of insurance,
defining his position and acquiescing m
the compromise plan for the mutunliza-
ton OF the society. 1t is interesting In
that he declares that his consent was
given with reluctance because he felt he
could mot take the responsibility Of re-
iecting even that measure Of control BY
the policy-holders 4. 23 S
On behalf Of Mr.. Hyde a statement was
gwen outwith reference to this letter, wnlcn
charges that Mr. a |exander's action in
this natter is u breach of faith.
Second Vice President Gage z. u Tarbell
is the target OF an open statement given
out by Alexander 8. Bacon, counsel for
certain policyholders. This statement de-
clares that Mr.. Tarbellis the real leader
OF the Alexander forces and brings UP the
charge that Mr.. Tarbell, Just prior toSthe
beginning ofathe. present. controversy sold
back to the Equitable for the sum Of
sl35, 900 all his interests In renewals Of flu
ture business.
In Mr.. Hyde's letter to the directors he
ander5 demanded that Hyde should re
sign and, withdraw absolutely from any
connection withathc control or manage
ment of the company coupling the de-
lImand with threats fof exposure OF i'm
proprieties on my part, in both personal
and official conduct and impressing upon
me that the movement against me per-
sonally had been so effectively organized
as to be resistless." Al N s5
Charges Breach Of Trust.
Mr.. Hyde said Mr.. Alexander, owed his
|,postion 10 the deed of6trust executed by
Hyde's father and charges that 1Alexal,-
der had engaged in a secret cabal to de-
stroy the value Of the subject Of his trust
and destroy the reputation and future OF
the beneficiary. Mr.. Hyde says Mr.. Alex
ander's gross breach2of trus to my faith
IL and to me. with which There solennly
charge him. has none but the most spe-
cious pretext of high motives. Il 4
h These letters and Statements have fur
thcr Increased tho already keen interest
in Thursdays Meeting Of tho Equitable
directors, which 1t is now generally be-
loved will be Ola very decisive charac-
ter. 1t is said that Mr. Hyde and his
friends have It in their power to enforce
the demand for Mr.. Alexander's resigna-
ton If they deem that course advisable.
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