Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1905-06-03
'1R[ MONEY KINGS
N Bitter STRIFE
Financial Circles Greatly Ex-
cited by the Developments
In the Equitable
THE PUBLIC IS AsToNlsHEn
New Alignment OF, Force. in High
Finance May Have Far Reaching
Results-tiarriman Entirely Out
With Hyde-The Gould System Mix
ed Up in the Deal.

ed Up in the Deal.
New York June 3-James w. Alex
ander and James II. Hyde, president
and first vice president Of the Equtt-
able, met today and it is understood
decided to forget their differences and
act together hereafter in Equitable at
fairs. The basis Of their agreement is
said to have been that they would now
attend to life insurance alone and keep
Wall street out of the society's az 2
fairs. It is reported they had agreed
upon Robert T. Lincoln as the best
man fitted to assume the cllairmanshtp
of the board Of directors.
New York, June Mot since the
-raat Northern Pacific corner OF four
wears ago, has there been such exc1te-
,,nent in financial circles as exists to-
day as the result Of yesterdays devel-E
5opnients in the Equitable. Life Assir-
ance Society affairs. A stirring con-
test for control had been expected. Dut
the vehement debate in the directors
meeting, the bitter character OF the
defense made by James II. Hyde anu
the destinations Of Prick, Hartman
and Rliss FRO mtf1e society's director &
ate have created a situation wnoilyE
unforeseen, indicating an alignment q i. ].
forces in high finance, astonishing the
general public According to the Her
aid, Frick, in handing In his resigns
ton, said he never again would sit as
Ia director In. any corporation OF which
HYDE was also director. The charge
made by Hyde that an effort had been
made by Hartman to take control of
the society away frorl him was point
ed to in connection with the reports
circulated last night that one reason
for attacking Hyde was that he was
friendly with George ]. Gould and that
the other interests desired to prevent
Gould from obtaining any assistance
from the Equitable funds in extend
ing his railroad lines westward to the
Pacific coast, and eastward to the At
lantic. According to these reports the
Union Pacific and Pennsylvania inter-
ests and Ftick Joined together to OPP
pose Gould Gould was one who att
tended a conference in Hyde's Office
yesterday, and considerable surprise
expressed when 1t, was found that Har-
riman, who up to that time, has been
counted upon as Hyde supporter,
was not present at the conference.
The semi official statement was
made today that Gould expects to have
his lines finished to San Francisco bay
before June l. 1907. What Wall street
and the general public discussed with
most interest today was the question
as to what is to be the next step taken.
Selection of new chairman of the
board Of directors, who is to be named
by the committee within the next few
days and the plan to be pursued to take
over Hyde's majority Of the stock, are
awaited with great interest.
The only positive results Of Friday's
meeting, OF which official announce-
ment was made, were the rejection OF
the report OF the frick committee by
a large majority, the resignation Of
Mr.. Frick, Mr.. Bliss and Mr.. Hartman
from the board of directors and the
passage of the resolutions embodied in
fhn fr1I i1cp or nj eriV hrD
the directors latter the final adjourn
ment
"The board, after full discussion and
committee by President Alexander,
Vice President Hyde and Vice Presi-
dent Tarbell, on motion of Mr.. Scht6
adopted the following resolutions:
"First-That chairman Of the board
be created with plenary powers over all
departments and affairs Of the So
ciety
Second That nominating CONF
mittee consisting Of d. o. Mills, John
II. Stewart, A. j. Cassatt, T. Jefferson,
Coolidge, August Belmont, J. B. FOr--
gan, and Robert T. Lincoln, be request
ed to report at a meeting of the board
to be called on Wednesday next, q cam
didate for chairman.
Third That at that meeting OF
the board the executive committee re-
organize and that appropriate amend-
ments to the bylaws should be pre-
pared for submission to that meeting
for the purpose of carrying out these
plans.
"Fourth--That Mr.. James Hazen
Hyde be requested withing three
months to divest himself Of the control
of the stock OF the society on such
terms and conditions as shall be satis-
factory"
uANc uncH .,iINE q