Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1905-04-06
HYDE MEN Lay PLANS
They Outline Their Course
With Respect to President
AleXander's Action
WILL. DEMAND EXPLANATIONS
Intimation That Some Embarrassing
Questions Will be Propounded to
President of the Equitable = Claim
That Alexander Instisated Suits
Against the Concern.

New York, April 6.-The course
which the Hyde forces will pursue in
today's special meeting Of the Equit-
able Assurance society's directors
forcasted in statement given out by
one of Mr. Hyde's friends While the
statement bears no signature, 1T orig
mates in the same source from which
others giving Mr.. Hyde's attitude
come, and is regarded as authentic.
The statement asserts that MI.
Alexander will be called upon to eX-
plain to the directors who he sent a
letter requesting the commissioners
of insurance to make an examination
of the society without having inform
ed the executive committee. and that
he will also be called upon to explain
"his conduct in assailing the personal
integrity of his associate, James
Hazen Hyde, the vice president, ia
cob H. Schiff and Il. III. Hartman, d.
rectors of the society, and causing the
publication of matter derogatory TO
them
Continuing, the statement says:
Both Mr.. Alexander and Mr.. Tarbell
will be called upon to explain the sale
of the renewal account for the sum or
$135,O00 on the day that the memoir
able petition, asking for the removed OF
Mr.. Hyde, was presented to the board
of directors.
"Mr. Alexander will be charged
with having retained Frank H, Platt
to organize what is so commonly
known as the Crimnains policyhold-
ers' protective committee for the ex-
press purpose of assailing the board
of directors and maligning James
Hyde, the vice president, and also inn
pairing public confidence in the man
agement of the society.
"Mr. Alexander will also be charged
with having instigated the suit
known as the BrackettMary Young
suit, and the action taken by Senator
Bracket in the Office of the attorney
general, and also in the legislature
acts which are detrimental to the
good name of the society"
Committees Statement.
A statement was given out last
night by the so-called Crimmins poll
cyholders' committee outlining its
proceedings up to date. This state
ment recapitulates the committees
demands as follows:
First--A representation in the board
at the ratio of 20 to "a. one-half to be
ali In, hn 1T hall N
1906.
Second-Two vacancies now existing
in the board to be filled Immediately
with two nominees of the policyhold-
ers' committee.
Third-The number of the executive
committee to remain at twelve, but
four vacancies to be- at once created
in such committee, the state superin-
tendent of insurance to designate the
four persons to be retired, and these
vacancies to, be filled at once by the
appointment Of the two men to be NAM
ed by this committee and two mem
bers of the present board of directors
to be named by Cornelius N. Bliss.
Fourth-That the provision in the
amended charter as proposed by the
board of directors limiting any further
amendment to the consent of the
three-fifths of the stock, be not allowed
These demands, according to the
statement, were presented to the coun-
sci representing the Alexander inter-
ests, and were assented to by them
The demands were them submitted to
the representatives of the majority
shareholding interests, and to the coun-
sci of the society, and were accepted
by them with the exception of the last
clause, counsel pointing out that with
out this clause, when the polio ..old-
ers should have elected twenty Eight
directors, it would be possible to amend
the charter so as to destroy the share
holders interests entirely.
The committee decided to waive this
point.
The statement says that when the
agreement had been drawn up and
completed, TT was discovered that the
counsel representing the Alexander
interests had left the meeting, and
when called on the telephone the reply
was received that they had decided
not to commit their clients one way
or the other to the withdrawal from
the demands of the said clause
ssfo,yrth -