The Birmingham age-herald., 1905-06-29
RESERVATIONS ARE ACCEPTED IN TOTO Cleveland and Others Issue
 Important Letter NEW DIRECTORS NAMED  Trustees Ask for Cooperation of Policy Holders and Assure Them All
 Policies Are Perfectly
 Safe.
NEW DIRECTORS NAMED

New York, June 2S.-Grover Cleveland Morgan J. O'Brien and George Nesting house, the trustees of the majority stock of the Equitable Life Assurance society took the first step in the reorganization of the society today by accepting the resignations of all the directors who had rendered them and in forwarding to the board of directors names of nine men representing the policy holders with the recommendation that they at once be elected. The recommendation of the trus- tees was immediately compiled with and the following gentlemen became members of the drectorate: E. B. Thomas, F. c. Bourne, J. F. Schmidttapp, Frederick Roebling. William Whitman, F. w. Bloomingdale, E. ". Robertson, Joseph Bryan and J. J. Albright
 All of the new men hold policies of various amounts in the Equitable society and their names were submitted in large part by the societys general agents.
 All Are Prominent.
 Gen. E. B. Thomas is President of the Lehgh Valley Railroad company; F. G. Bourne is one of the largest, if not the
  Machine company; J. R. Schmidtlapp, is a capitalist of Cincinnati; Frederick Roebling is a member of the famous fam fly of bridge builders and lives at Iren- ton, N. J.. William Whitman is paper manufacturer of Boston, Is. w. Blooming dale is one of the proprietors of de- uartment store in this city and was member of the so-called Crimmins com mittee of Equitable policy holders of that section of the country; Joseph Bryan is capitalist and a representative citizen of Richmond. Va; J. J. Albright is one of Buffalo's best known financiers.
 The election of these men increase the board from thirty-one to forty mem bers.
 Will Name Additional Directors.
 It is understood the trustees will recom- mend the names of other directors shortly and far as may be feasible the add- tional directors will be taken from among the societys large policy holders.
 The board also accepted the resignation of all but one of the twenty-two directors who had previously resigned for various reasons, tbe one exception being James
 
 ton, which is held in abeyance
 The gentlemen whose resignations were accepted all had been made known before except those of Messrs. George II. Sqnires James J. Hill and Alfred G. Vanderbilt. That these gentlemen had sent in their resignatons was not known until the fact of their acceptance.
 The names of President James w. Alex ander and Vice President James H. Hyde and Messrs. Tarbell, Wilson and Mcln- tyre, are in the list of resigned direc- tors, they having previously only resigned as officers of the society.
 All of the directors are to serve out un- expired terms of the directors whom they succeeded, the trustees to name later just whom they succeed.
 The trustees also issued a long state- ment to the policy-hoders urgently invit- ing their cooperation in the work of re- organization.
 A long statement from James H. Hyde, referring to the strietures conveyed In the report of the state superintendent of insurance was given the directors.