New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-04-28
DENIAL FROM J. H. HYDE.
NOT IN SHIPBUILDING.
KnOrIes, Dismissed by Alexander,
Makes Redhot RepL4.

,oun Nelson Cromwell declared false the report
that his firm either had or would accept re-
tainer involving an Equitable receivership. H.
II. Knowles was discharged from the service OF
the Equitable These were the chief points in
she Equitable controversy.
contrary 10 expectation. IL understood
Yesterday that the report Of the Prick COM
Tnittee viii be ready early next week The re-
port il is said VIII severely censure the trouble
makers" in the controversy. and it is limited
4hat their designations may follow.
Mr. Untermyer issued his statement in dual
cspacity, first, as counsel for Mr.. Hyde and
second. as counsel for protesting bondholders
IN the shipbunding case. the counsel who en-
gineered the exposure which led to the reorgan-
station OF the shipbuilding corporation.
Friends Of M Hyde declared that Mr..
Dressers suit, as detailed in yesterdays Trib-
me would be thrown out when Mr.. Dresser's
bankruptcy papers should be produced in court.
They oontended that It was Illegal for an undis-
charged bankrupt TO bring such suit IN his
own name.
As 10 Attorney General Mayors reply TO Sen
stor Bracket permitting him TO sue for restitu-
ton OF funds IN the name OF his client. but not
IN the name OF the people Of the State, the sup
rorters OF both Mr.. Hyde and Mr.. Alexander, as
well as counsel for the policyholders' commit
Zee. seem 10 regard it with amusement rather
than consideration apparently sAa1lIlS lil5
opinion that Mr.. Mayer sanctioned a course from
which he could not withhold sanction. and re-
FUSED the only thing which lay within the juris-
diction Of his power
Mr.. Untermyer's statement was as follows:
see that poor Dresser IS again being used as
sssralkiDE horse" OF course, we know the men
aehind The guns ana whose chestnuts he is trying
tufding affairs his present complaint is ane work
lanes aI ii Hyde never had the remotest connec-
tion with the shipbuiding business or the purchase
that transaction / never heard his name men
@ ne ~ 9eopie Behind Dresser thought it would be
brilliant idea TO drag J. n HYDE and associates s
they have guessed wide Of the mark.
7 instructed 10 deny the whole story In the
most emphatic manner.
This fiction like many others. such rs the wicked
8alsehood that has been sent broadcast throughout
she country that part Of the expenses OF bsn given
fair illustration OF the iengths 10 Wch some po-
pie are willing go 10 mislead and prejudice the
Seenr' got 10 sign complaint containing the as
serrion that Mr.. HYDE ever interested IN Ship
building or had anything 10 90 with II
NJ CromwelTs statement while it does not
Deny the report that he had been in comnuni-
cation with certain policyholders. or they with
him. relative 10 membership plan. is in its
way. equally as emphatic that Of Mr.. Inter
myer. Nj. Cromwell says:
consider a receiyership, even Il there were
grounds for II, as destructive Of the interest OF
calamity and deep wound to cur national prestige
abroad and al home Consequently my arm has
volving such step. The pending questions will
Was case IN Witch foT6earS1oe and concessi6n
We're more imperatively a public duty, as well as
70 the common interest
THE DISMISSAL OF KNOWLES
Il IS understood that Mr. Knowles received
his congo from Mr.. Alexander not so much be-
cause OF his voluble adherence TO the Hyde
disregard Of the instructions OF the Frick COM
suittee. The discharge Of Mr.. Knowles. whom
President Alexander suspended several weeks
ago. on the ground OF INSTRUMENTATION, followed
a warm meeting Of the executive committee. Il
came yesterday afternoon in the form OF a
aypewritten letter signed by Mr.. Alexander. IN
atr1cting him to transfer his Equitable papers.
blanks books, etc. TO the person named in the
letter
Mr.. Knowles sent tart letter TO MI Alex
ander replying TO the note Of dismissal He
said:
vas leaving the Equitabe Building this afternoon.
IS - ,sceti1r nv go-r-er 1fca IN the sSocIet ana
all Of the duties I had to perform had been
9 5s2 not TO- S e Iee e OK og su5
property OF The Equitable Life in my possession
fuence OF Tarbellism! You first. Mt President, at
chicanery and intimidation. by threats OF discharg
ing me 10 get me out OF the city; failing in that
pat6 I and Se hR regard that had always
entertained for you TO accomplish your purpose;
after thirteen days. finding that has not had the
Alexander arbeli plot and in behalf OF The Equita
be you now, to-day, add insult 10 injury By termi-
forty years OF service. for reason. except my
loyalty 10 what consider the Eauitabe's best in
want TO assure you. M President that this
e1ort 10 stihe win be futile as your previous
ones. for the hiRh-handed. outrageous manner in
which you treated me- the instigation OF Tarbel.
more thoroughly convinees me Of the danger 70 the
ever assume the PRESIDENCY Of the Equitable
beg 10 state, n closing. If was as unmindrul
O The interests OF the great body OF pohcyholdeFs
O. the society as the -Tarbe faction have
proved themselves 70 be. by their wasteful eXpend
ltrres Of polcyholders funds, in the shape Of legal
ventions OF managers in trying TO becloud the real
issue should not hesitate TO bring suit against
fhe Equitable Life for damages
Adherents Of Mr.. Hyde asserted that Mr..
Alexander was now just as anxious as the vice
president 10 have Gage E Tarbell out Of the
society. MI. Alexander now feels. they say, that
investigation has shown important details to
exist not as represented. and that he has been
Jed 70 take certain courses OF action which he
would not have adopted had certain facts been
represented more accurately.
Justice Maddox, IN the Brooklyn Supreme
Court yesterday. received Mr.. Hyde's petition
fled in his Intervention IN Franklin B. Lords
suit the other side receiving grace until Mon
Day 10 file afld&Vits
Ar. Dresser repeated the charges made on
Wednesday IN his 100000 suit against Mr..
Hyde, the Mercantile Trust Company and others
IN the shipbunding affair declaring that in two
DESKS AND OFFICE FURNITURE. ca
u = al TOP fFzszl.FsFzsssszzzE.EsEz77 n q !