The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-05-30
PRICK COMMITTEES PLANS.
WILL NOT CALL FOR RETIREMENT
or ANY EQUITABLE OFFICER

SDAuBS MAUI ny VA@uuoN A'~N'"'~''
q Hyde Said to Have Seen the Report
H. Accents Now DESERVING Alexander
1t Is known pretty definitely now that the
Equitable's misunderstanding committee,
which will submit its report to the board OIL
directors tomorrow will not make an y
recommendations in regard to the reoreahl-
zation Of the society or the retirement OF any
Of the officers. The committee will. 1t ls salo
report merely on the facts as IL mas
found them and leave it to the board OF al
rectors to take action.
The committee had expected to make
definite recommendations for the reorgan-
ization Of the society on lines which would
nut the control into the hands OF board OF
trustees. each Of whom would be individ-
ually responsible to the public and the
pouoyho ldsrs for the management OF the
sooiety.
The committee, according to the state
nent of a man close to the Equitable situa-
ton, had intended to recommend that both
Mr.. Hyde and Mr.. Alexander and possibly
MIR. Tarbell should retire; whether TINS
recommendation was TO be oaseo upon
the substantation OF charges or whetheT
10 was to be suggestion looking to~aiu
the society's future welfare and prosperity
was not learned.
The change in the Frick committees
plan was occasioned by Justice Maddox
decision. In view OF the courts action IN
sustaining the stock control Of the society,
the Friok committee, it was said, despaired
of even suggesting Its original plan ana has
been una BILE to hit upon any substitute that
fits the present decision. -,
The Friok committee WILL, however,
undoubtedly recommend In its report that
in the future the society should buy only
bonds or securities that are as good a.
bonds. On this point there Is apparently
a unanimity of opinion in the society, the
statement having been made already ior
Mr.. Hyde that he favors such reform.
The alexander supporters were busy
Yesterday trying to find out definitely
what the Friok committee report 10 going
to contain in the way OF facts. The Hyde
men appeared to be less anxious. They
weren't worrying, they said. They. were
sure that none Of the charges which had
been made against Mr. Hyde could be
sustained, and so long as his position as
holder Of the majority OF the society's
they declared, no reason for them to fear
the result Of Wednesdays meeting.
In some quarters this complacenoy on
the part OF the Hyde men was explained
In another way. 1t was said that the state
ment had been made by one Of Mr.. Hyde's
lawyers a few days ago to an Alexander
lawyer that the Hyde attorneys knew
everything that was contained in the Frick
report and had made their plans for
Wednesdays meeting accordingly. Presi-
dent Alexander knows what was con
tanned in the reports made by the heads
Of the departments In response to. the
Friok committees demand: that is, all ex-
cept one. The missing report Is Mr.. Hyde's.
It went direct to the Frick committee:
Inasrnuch as the Fick committee called
upon him for this information, President
Alexander contends that Mr.. Hyde should
have submitted his report through the
regular channel.
Practically all negotiations for a COM
promise were called of yesterday, and 1t
Is certain now that Hyde and Alexander
morrow. prepared to continue the fight,
although every indication is that 1t will
be altogether in favor of Mr.. Hyde,
One OF the Equitable's general agents
who took an active part in the conference
which asked Mr.. Hyde to resign is authority
have swung from the Alexander side 10 that
OF Mr.. Hyde. Some o. them, this man
said. have notified Mr. Hyde that they are
anxious to come to New York again and
formally express regret. Some OF them
dence in Hyde. said the agent:
THE change Of sentiment from Tarbell
to Hyde Is one OF the most astonishing de-
velopments Of the past month. We re-
ceived positive assurances OF the truth OF
the grave charges against Mr.. Hyde at the
agents convention. in April. and without
taking the precaution to investigate them
or hear from Mr.. Hyde we took what We
now regard as an ine1cusably unwise ac-
ton. Many OF us are now az firmly con-
WINGED tn at the charges are untrue as we
last April
Mr.. Ale1ander's lawyers, 1t was announced
yesterday, will make their appeal from the
Maddox decision tomorrow.