Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-05-05
REPORT, june Is.
On Financial Condition
Of the Equitable.
Visiting Commissioners Will
Await That Verdict.
Hyde Refuses to Accep! kIe1andeI's Feslg-
nation and Will Prosecute.

New York, May AFTER lengthy
conference at the Hoffman House. To-
dag, the insurance commissioners from
five states outside New York, announc-
d that they had Informally considered
tie situation in thu Equitable Society
h:G talked with Stat Insurance Super
incnG"nt Hendricks of New York. who
had assured the commissioners that the
investigation. as to the management,
would be completed by juno II. and had
decided to await the result of this in
vcstication.
TIL" following commissioners were
present: Frederick l.. Cutting of Mas
s"cil sets: Henry 4. Prewett of Ken
lucky: Zena NJ. Host Of Wisconsin:
JOHN c. Linehan. New Hampshire, and
Beau +. Folk. Tennessee. Supcrinten-
don't of Insurance Francis Hendricks
and Deputies: Robert n. Hunter and
Henry d. Appleton Of New York. were
also present at the invitation of the
commissioners.
The examination now in progress by
the New York department was discuss
cd. Acc ording to the statement issued
by tn" commissioners, Superintendent
Hendricks stated that in his opinion
he examination. which means a vci'i-
fication as to the financial condition %
the society. would consume about five
months. but the investigation as to tho
management CT the society would DO
completed much earlier ard report
made thereon. not later than June Is.
Among the interesting reports in cir
culat;oE. today. was one that Henry NJ
:, lNyGy1nc Of the r,rpcj1onf Of I,
Equitable would succeed his father as
one of the trustees of tho Hyde stock
Horny NJ. Alexander issues n statement
saying that he has already declined thu
appointment as provided. and sent
Hyde and Mcintyre letter to that ef-
feet
''This letter must have been received at
almost the exact time the resignation of
MIR. James w. Alexander was received
and I cannot understand the motives that
could inspire anyone to circulate the i'm
preston that the facts are other than as
here stated.
THE charge against Mr.. James W. Al
cNandcr that he had violated his duty as
Il trustee was from its first conceptior
4 false and rickety thing and it is not
surprising to see its final throes accom-
plished by one last desperate attempt to
mislcad."
In reply to Mr.. AlcXander's letter it was
stated by those interested in the HYDE
side of the controversy that no letter
from Henry NJ. Alexander had beer re-
ccivcd with the letter from his father, re-
signing the tr,istceship. 1t WIS also said
that Mr.. Hyde did not receive the Alex.
andrr letters until today. He was out OF
town, it was said.
In reply to other rumorS. announcement
was made. tonight. that Mr.. Hyde intends
to continue his suits to Gust Mr. Alex
andcr and demand an accounting
In Il letter made public. tonight, adj
dressed to President Alexander of the
Equitable. James ii. Hyde and w H.
Mcintyre refuse to accept MIR. AlcX;n-
der resignation as Il trustee OF the So
called Hyde stock and announce that pro-
cccdings against Mr.. Alexander will be
taken in the coults for an accounting OF
his administration of the trust. Mr.. AL
cXandcr with Mr.. Hyde and Mr.. Mcln-
tyre are the present trustees of the stock