The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-04-02
INVESTIGATION NOT ABANDONED.

MVhsTIoATIoH NOT ABANDONED
6upt. Hendricks was asked whether the
present suggestions II they we're adopted
infant that there would be no investigation
ofthe sodety's affairs by the Department OF
Ireuranoe He replied that it did not
rs any investigation contemplated he
Whs asked.
rIt is not the practice Of the Insurance
Department he replied TO disclose its
plkns for the future
lie was asked when the last Investigation
on examination was made by the depart
ment into the Eqiitable's affairs, and he
80 about three years ago. Tho eIamina-
ti6n IL, he declared, entirely matter OF
dAoetiOn for the Superintendent Of Insur-
Rnoe. Mr.. Hendricks was asked whether
the subject Of Mr.. Hyde's resignation was
b1bught up at the meeting
did not hear everything that went on
bdween the committees said he.
He said also that he did not hear Mr..
Alexander on Friday deliver any ultimatum
tol-Alf5 Hyde
hr Hendricks appeared TO be almost
exhausted after the conference.
MR. HYDE DEMANDS oNE.
hr. Hyde through his secretary, began
The day by announcing in reply to the re-
parts printed Of President AleKander's
Itimatum 10 him that he did not even
contemplate resigning This was after
he had been driven down town in a hanson
behind horse whose ears we're decorated
whhdainty little bouquets OF spring violets
His secretary announced at the same time
that he made the denial for Mr.. Hyde that
MI Hyde would give 10 the public a COM
plete statement later. This was issued
last night as follows
To The Agents and PolIcyholdsrs OF the
Equitable Lite Assurance Soeietv:
.The public press for several weeks
past has been filled With scandalous charges
relating 70 my conduct as a director and
ofBcer Of the Equitable society. These
charges are false. They have their origin
IN IN effort by individuals 20 obtain control
Of the Equitable society and its assets
II is impossible for me TO meet them and
20 have their falsity established in the
Newspapers and as the only way to meet
them have requested the Superintendent
Of the Insurance Department Of the State
Of New York to make an immediate thorough
and drastic investigation Of the entire
management OF the society
As TO the granting OF participation in
thu control Of the society TO policyholders.
| have, ever since the subject was Grst
preached, expressed my willingness 10
hare The stock left by my father voted by
The trustees In whose hands he left H., in
favor OF granting such participation, and
upon that subject l am in entire accord
Win the board Of dlrectors OF the Equitable
society, with the New York policyholders'
conmittee and with the Superintendent o!
Insurance Of the State Of New York.
2 do not control the Equitable Life As
surance Society. The stock left by my
father, the founder Of the society, Is held
byi trustees, Of whom the president Of the
society, James W. AleXand der, is one, The
only power Of that stock Is TO elect directors,
and a. 20 that no question has ever arisen
U0tWeen the trustees and myself since my
fathers death. The Equitable society Il
goterned by a board OF directors, most Of
whom were elected before my fathers
death and before was Of age. They are
a body OF men Of the highest character and
etairdinE m the community.
I have no ofioial power In the society
excapt such AZ the president Of the Sooiety
chooses 10 give me, and have exercised
no power except With his concurrence and
for ths benefit Of the society Itself
sThs management Of the society during
the brtef period Of my connection with Il
has been SUCCESSFUL. prosperous and IN The
highest degree beneficial. both 10 policy
boldeTS and 10 the society. I challenge
tbe,fuilest Investigation Of that manage