New-York tribune., 1905-04-14
ALEXANDER TO FRICK.
WILL GIVE INFORMATION.
Extra Inducements TO Equitable
Agents TO Get Business.

with. Investigations Of the Equitable Life As
suranoe Society under way by the State Insurance
Department and its directors. the oiIcials are
waiting for next week and decision in the LORD
suit 10 ses IL naturalization can be carried OUT
along The lines agreed by the contending fac
tions The hiinE OF briefs in the Lord action has
been postponed until Monday because M Horn
blower acting for President Alexander. Is in Rich
mono and cannot return before next week Peti-
tions in the intervention proceedings brought for
James Hazen Hyde and Charles W Morse VIII be
fled then too
Attorney General Mayer was in confersn;Ss with tIs
said that he was getting ready his brief IN the
1ot discussed Eouitable afairs. ne declared. and
would do nothing about the amendments 70 the
charter until after Justice Maddox decided the
Another intervention in the Lord suit has been
hled 10y Masten & Nichols. representing minority
stockholders. The firm would not tell for whom It
was acting It's interest the SUIT. II was de-
clared, came through the relationship Of former
member to William Alexander. secretary OF the
Equitable
President Alexander has replied 10 Mr.. Frick's
letter behalf Of the investigating committee re-
questing information regarding the Bauitables
financial management declaring that he viii fur
nish any information in his power and VIII CO.
operate with the committee in every way. This
information is already being tabulated It was said
yesterday at the Equitable's Offices. but probably
viii not be ready for several weeks.
2 h Hartman. who II said when the COM
Fnittee was appointed would be the dominant spirit
IN t has indicated by his attitude that he has COM
parattvely little Interest IN the investigation He
VIII say nothing about its scope. Mr.. Alexander
also would say nothing about Mr.. Fr1chs letter.
This investigation by the Equitable directors is
not likely 20 conflict with the investigation by the
Department OF Insurance, which is stin under way
Isaac B. Vanderpoel has hve or six men at work on
the Equitable's books The department will not
tell what has been discovered so far.
Gage "a Tarben. second vice-president OF the
Equitable. has sent 20 the general agents OF the
society ana all those agents who hold contracts
Directly with the Equitable. circular promising
a commission OF s. for each SOD OF insurance
zTittan IN addition the regular commissions.
IN ehe circular Mr. TaEben says the officers real
sze what a hard time the agents are having 10 get
business because OF the troubles in the society ana
feel that soma extra induoement should be oftereo
In this circular and President AleXander's cir
r17lar oe similar tone, calling meeting Of the gen
ersl agents for next Tuesday the Hyde adherents
Gee q design on the part Of the Alexander facuon
% seize the agents in body for their SIDE OF the
aghG. This extra commission. according 10 an
agent, Will result in many new policies for small
amounts. whose holders coming into the society
while the air is filed with talk Of naturalization
win demand a share in the management OF the
toiety and will be only glad 10 turn over their
proxies 10 the Alexander people on their promise
70 Obtain naturalization.
M Tarbeu declares that this reasoning IS ridicu-
lous and that the extra commission is nothing
more than Il processes 10 be-eXtra pay for extra
work the part or the agents, VINO nave 1ODIu
great iHicuty in writing insurance because or the
Teports spread from Maine 10 California" regard
ulg the internal dissensons in the Equitable.
Nr. Alexanders lawyers refused TO discuss yes
.erday the report that application would be maze
70 the Supreme Court for his removal as trustee OF
he estate Of Henry 3. Hyde. Much criticism OF
him resulted in revival OF the story that he was
70 be asked tc resign from the presidency.
friend Of Mr.. Hyde said:
Mr.. Alexander represents two trusts. one the
ssfsfe Of Henry b. Hyde the other the policy hold
rs az the Equitable Society. If in his judgment
conditions when the performance OF 5Is oo
was ms NJ 9Sss Conditions did arise hut Mr. Alex
anler did not resign either his position as uusle0
II was his duty. as a trustee. 10 protect the
rslye Of the stock that stock which according TO
lis admission. has great value. His plan to take
piainiy a Violation Of his duty as a trustee u
his duty 70 70 fFn Ss t4st 9yer the he stock With ali the
rights il enjoyed at the time he became the trus-
lee Instead OF this, Mr.. Alexander has sought 10
destroy its value in every way possible
A reprssentative Of the crimmins policyholders'
committee said yesterday;
Naturalization plans from the directors. with suits
Rhleh PreEeit, .ei ne S Ig 15is TorS ,iunc-
non is granted there will be end Of the mutuali-
III passed BY the legislature at this session COM
pening naturalization and putting policyholders IN
out fho facts concerning the mismanagemet Of the
nsfsSS az inHesfisation Spponted By the directors
WIN investigate. but the committee is made up OF
directors tts invesdgaton VIII be secret ana II II
shOuld dnd miSmanagement or serious mistakes on
the peFt q the ofacals y PROBABLY would CONSIDER
10 kzrD client on those points.
,ssR-rs has been no meeting of committee
H1asl ana 90 not know OF any new Developments
b connection with this Equitable trouble said
Tdhn d Crlmnins last evening. The Frick letter
Af. Alle,SyanceE ls,y Is very complete AS g the
s-soSo1Dlishsd through the iegIsiatuTe':
s-