The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-06-09
GOULD MAY GET HYDE STOCK.
LATTER NOW WILLING TO SELL
TO SAVE THE EQUITABLE.

Are Urging Gould to Buy-NO cam
didate Yet for Craftsmanship
rick Not Likely to Take It-Deneen.
Gray and Parker Tia ked Or-COn,.
mlttec Likely to Ask FOR More Time.
II was learned on unquestioned authority
late last night that the negotiations with
George Gould to buy James Hazen Hydcs
stock in the Equitable Life Assurance
Society have been reopened and that every
effort will be made to-day to consummate
the bargain. Early in the week it was
believed to lie very likely that Mr.. Hyde
would sell his stock TO Mr. Gould and at
that time it was stated that the Gould in
terests would elect Gov. Myron T. Herricl
Of Ohio president OF the society. Gov.
Ferrick since then has decided that his
fold Of duty was in another direction.
There has been wid csrrcad comment
into negotiations to sell his stock to Mr..
Could for the reason that those interested
III such matters have not believed that any
such disposition of the controlling interest
in tho society would bring about that change
cf management and that rehabilitation of
the socety's affairs in the interest Of the
fCo,cco policyholders which the disclosures
Of the la.t five months demand.
Various meetings were held last evening
by the interests which urge Mr.. Hyde to
sell his stock to Mr.. Gould.
The information came from Their sonces
also yesterday that Hyde was wiling to
surrender his stock ownership in the
Equitable IL he is convinced that the future
prosperity OF the society can be assured
In no other way.
Mr. Hyde and his lawyers have declared
from the first that Mr.. Hyde would not part
with his stock under any circumstances,
that the most he would concede would he
the tr,isteeing Of his holdings for period
of years.
He appreciates thoroughly, It was said,
the seriousness OF the present situation
in the Equitable from business stand
point. and 1t would be In consideration Of
this alone that he would agree to give up
his stock,
Mr.. Hyde has had wo offers for his stock
since the present controversy began, each.
it ives said, being for 5000 900. Ono offer
WIS made 10y f. H. Hartman and H. e.
Frick.
The man who gave this informa ion pre-
dicted that the end Of the present Equitable
troubles would be the retirement of Hyde,
Alexander and Tarbell, the acquisition by
Wall Street syndicate Of Hyde's stock
and the appointment as chairman Of the
board Of directors Of a man of national
prominence.
The committee appointed at W tuesdays
meeting Of the board to select n candidate
for the Craftsmanship to be elected at to-
days adjourned meeting met yesterday,
but failed to agree upon choice. The
committee will meet again this morning
and attempt to reach a definite conclusion.
There is good chance that they will 60
into the meeting at 3 clock in the after
noon without candidate who has agreed
that he will accept.
Yesterdays meeting OF the committee
was held In James W. Alexanelers office
in the Equitable Building. Senator Depew,
August Belmont and David H. Moffat were
the only members present. The other two
members. j. B. Forgan and Louis Fitz-
gerald, who we're not In town, were con-
suited by telephone.
Five names were presented at the meeting,
cne by Senator Depew. two by Mr..
Belmont and two by DIR. Nc fiat Gov.
Myron +. Herrick OF Ohio was one OF the
men definitely suggested. Judge George
Gray of Delaware was another John
Harsen Rhoades's name and Alton B. Tar
ker's also were mentioned. Senator Depew
suggested tho name Of Gov Deneen OF
Illinois. When Mr.. llhoades was asked II
he knew that his name had been used he
said, ~Oh, Lord, mol"
II is known that Mr.. Hyde regards both
Mr.. Herrick and Judge Gray with favor.
An orer Of the Craftsmanship was made to
Gov. Herrick Eefore the last meeting of the
IL ard CT directors, but Mr.. Herrick refused
a. that time to accept, raging that he re-
rnrded his first duty to be to the Repuh
leans in Ohio WHO lad nominated him for
Governor
If the nominating committee goes into
to-days meeting without having made
selection. any director, according to the
resolution passed on Wednesday. will have
the privilege OF nominating candidate
One OF the members OF the nom mating
committee said last night
There is really no need to hurry in this
matter of selecting a candidate, except that
the immediate election Of the man would
help to satisfy the public and restore con-
fdence in the society. 1t is most important,
though, that when we make a choice We
should make absolutely the best choice
The committee proposes to take its time
and make no mistake. We hope that we
will be able to present name to the meeting
to-day. II we do not. we probably will
have no difficulty In getting an adjourn
ment Of a few days"
Most OF the men who have been APP
preached for the place have refused to
consider the offer until after the State
Superintendent has made his report. That
will be between June-12 and Is.
Supt. Hendricks continued his examina-
ton Of the Equitable officers yesterday.
He had President Alexander and Vice
President Hyde before him again. This
is the third time that he has quizzed the
chief executive officers. Their examina-
ton yesterday had TO do with statements
which they made to the Frick committee
L. a. l.. h.