Arizona republican., 1905-06-04
THEY'VE MADE UP
No Longer Any Hyde and
 Alexander Factions
Both Agreed Upon a Rejection of the Prick Report. HencefOrth There Will Be Harmony.

New York, June 3.-Overshadowing
 interest in all other sensational de-
 velopments in the affairs of the Equit-
 able Life Assurance society attendant
 on the rejection by the directors yes terday and the publication today of the report of the Prick committee, comes the announcement that the controversy between President Alexander Vice President Hyde is at an end and that
 these two gentlemen have concluded
 a defensive and offensive alliance. The basis this agreement is reported to
 be they should in the future devote themselves to the interests of life insur- ance and keep all Wall street entangle-
 ments out of the affairs of the Equit- able.
 Alexander and Hyde were conference today with certain friends and advisers for more than two hours. Deep inter
 est attaches to results of the unexpect- ed turn of affairs, the general infer
 ence being that it predicts very de- termined effort to reconcile the inter
 ests of the warning factions and re- establish the direction of the society
 on a basis acceptable to all. It was also made evident today that there is
 a scant probability that the resolution of the directors yesterday to create the office of chairman of the board with plenary power over all departments
 and affairs of the society will ever be put into effect.
 After the conference between Alex ander and Hyde it was reported that
 Robert T. Lincoln was agreed on by them as the best qualified to assume the chairmanship of the board direct ors.
 The prominent features of the Prick report about which there was boundless speculation when it was pract cally re- jected and suppressed at the meeting yesterday proved, when it was publish ed in full today follow closely the out | lines forecast several days ago. Both Alexander and Hyde severely criticiz- ed the report which declares that, as- | suming that Hyde be guilty of the things charged by Alexander the latter is 'culpably negligent in acquiescing in them for so long a period and not bringing them to the attention of the board of directors"
 Counsel for Hyde issued today late | long statement denying Hyde's position
 with reference to attacks on him. In
 this, attention is called to the fact that Hyde repeatedly offered trustee his stock and had for many weeks urged that a man "of dominating national reputation" be placed at the head of the society. The statement covers the details of numerous stock purchases alleged by Alexander to have been made at the instance of Hyde without consultation with any members of the society and declares them to have been approved by meetings of the finance
 committee with Alexander present.
 MT. Hyde reiterates his charges that Alexander conspired against him with the design of busting him from his position and obtaining control of the society himself. MT. Hyde referred to
 the so- called subsidiary companies of the Equitable and said that the Equit- able had profted through these corpo- rations. Other transactions were gone into at length.
 Of the personal charges Hyde said:
 ''As to the charge that I acquired an
 unpleasant notoriety by reason of my recreations and enjoyments I know O.
 no such instance other than that of the occasion of a fancy dress ball in which it was reported that occurrences of a scandalous and indecent nature took
 place. These reports, however, were inspired from the same sources that are now attacking me. They were pub
 lished when a conspiracy to destroy
 my reputation and deprive me of my
 position in the society was well un-
 der way"
 Interest in the proceedings of the
 board of directors when the Prick re-
 port was renewed tonight when
 the text of President Alexander's re-
 ply was made publicl. Alexander's
 statement is long and went into the
 Prick correspondence in detail. It be-
 came known late tonight that Second
 Vice President Tarbell said yesterday:
 "Our business for the month of May
 will be about SS,000,0O0 less than in
 May last year and am of the opinion that our nominations for the month will be greater than our entire losses, so that we will have less outstanding insurance at the end of May than We had at the beginning. Our represen- tatives by their herculean efforts were able to keep our business fairly well until there was a talk of receiver ships and actions for receiverships."