Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-06-02
INTEREST is INTENSE
Equitable Directors Discussed
Frick's Report Today.
HYDE FORCES AROUSED
NEW ALIGNMENT OF PARTIES IN
Dictated AT THE CONFERENCE.
Fight on Adoption of Frick Statement
Likely to Be Defeated-Re-
garded Ridiculous.
HYDE FORCES AROUSED

NEW YORK June "A new alignment
OF the parties concerned in the contro-
versy in the Equitable Life Assurance So
ciety appeared to have been established
today when the directors meeting began
This meeting was expected to be most
exciting, and it was generally expected
| that the directors either would decide to
make public the report of the Frick in
vestigatIng committee with a resolution
| that its recommendations be carried into
effect, or that number of directors
would resign
friend of Vice President James H.
Hyde today gave out statement to the
effect that the report of the Frick COM
mittee probably would be voted down
| This plan it was said, had the support of
President James w. Alexander, who
heretofore had opposed Mr.. Hyde. A con-
ference between Mr.. Hyde and his friends
and attorneys was held this morning and
it was noticed that neither E. H. Harri-
man nor Jacob H. Schiff attended it, al
though up to the time of the presentation
of the Frick report it was believed that
Mr.. Hartman and Mr.. Schiff were strong
supporters of Mr.. Hyde. George J. Gould
however attended the conference in Mr.
Hydes office.
The Equitable directors took one-hour
adjournment at l %. The early session
was taken up principally with statements
made by President Alexander and Vice
President Hyde opposing the adoption by
the directors of the Frick committee re-
port.
Mr.. ingalls,, member of the Frick COM
mittee was asked what he thought would
be done with the Frick report. He re-
piled that he believed it probably would
be defeated by vote of 20 to 16.
Mr.. Frick said he could not tell when
the committee report would be given to
the public. The directors will meet again
at 2 80.
Story of Scheme to Gain Control
Directors of the Equitable Life Assurance
Society gathered at the societys building
12O Broadway, early today to attend the
meeting of the board of directors sched-
uled for II o'clock Intense interest was
shown by all, and there was active discus
sion of the Frick report. in small groups OF
directors, up to the time the meeting be-
gan Another topic of these discussions
was the report that gigantic scheme has
been planned to obtain control of the So
cietys immense capital holdings in the in
terest of Standard Oil fnanciers. That
anything of the kind was in prospect was
denied by Samuel Untermyer. attorney
for James H. Hyde Mr.. Untermyer said:
That report is too ridiculous for any
comment from me. l need not take notice
of it at all. 1t is perfectly absurd"
Mr. HYDE and Mr.. Untermyer were in
consultation some time tHlS morning pTloI
to- the adjourned meeting of the board OF
directors which was to consider the report
of the Frick committee.
The Hyde Forces.
The Hyde forces assembled in confer
ence in Mr. Hyde's Office before the meet
ing. Those present, included Senator De-
pew, Samuel Untermyer, George Gould, A.
w. Krech, w. c. Gullivar, Winslow s.
Pierce, H. C. Haarstick. John j. McCook
Bradish Johnson, d. Fl. Moffat, H. R. Win
throp, William H. Mcintyre and c. B.
Alexander.
Melville E. ingalls, of the Frick commit
tee called at the Office of Z. H. Hartman
just before the directors meeting began.
Asked what he expected as result of to-
days meeting, Mr.. ingalls, said:
~ expect hot old time
Shortly before the directors meeting a
representative of William Nelson Crom-
well, the lawyer, visited Vice President
Hyde's office.
A director of the Equitable was quoted
today to the effect that the Frick report
recommended that the directors appoint a
committee of five to select new president
| first vice president and second vice presi-
dent, to succeed Messrs. Alexander Hyde
and Tarbell. Four. members of this COM
mittee. it was said, had been agreed upon.