New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-06-03
MEETING IS MARKED By BITTER PERSONAL DEBATE.

of the great Pennsylvania system On the other
was George j. Gould. close personal friend and
a business associate of Mr.. Hyde, ambitious TO
make his Missouri Pacific into transcontinental
system and succeeding by degrees, in spite of
great difficulty who was treading the toes of
Mr. Cassatt and Mr. Hartman. He, too could
use TO great advantage the friendship and the
money lending power OF the Equitable His op-
ponents did not mean that he should, however,
and the warfare within the society, covering
their schemes, had been used by them with great
effect
The shelving of the Frick report, after IT had
been torn to tatters caused the bitterest oppo-
sition among the members of the committee and
the few who voted with them The report, they
declared stood for honest, earnest effort to lay
bare the sore which had been eating out the
Euuitable's life To sheve it was not only to
keep alive the cancer, but was adding to its
ravages by depriving the society of that much
needed nourishment-the publics confidence II
was a menace to the society, they declared 1t
was an insult to the members of the committee.
1t was a direct affront to fellow members OF the
board.
Members of the committee We're threatening
that il the board did not take official action 10
make public the report they individually would
do so. 1t is unlikely that meeting of the COM
mittee will be held Immediately. Mr.. Frick re-
fuses to discuss any such action. Mr.. ingalls,
has gone to Cincinnati. He left the meeting just
before It's end, declaring that Mr. Hyde was
carrying everything in sight. I'm too disguised
to talk about it," he said, with a wry face
MR. HYDE IS VEHEMENT.
Mr.. Hyde himself in his arraignment of the
report used language which brought an official
reprimand. He was white with rage as he de-
nounced the findings of the committee. 1t was
an Outrageous malicious report" he declared
vehemently The ulterior motives which
prompted it, were clearly to be seen. He
continued in fervid language TO voice his opn-
ions of the report and the motives which nad
given birth to its 'bisssed findings" His utter
ances and style reminded many who heard MIN
of his fathers method of diction Later, ne
apologized for some of his utterances, and off,
ciauy withdrew some of the characterizations he
had made.
Senator Depew last night was jubilant over the
union of the warning elements He firmly be-
leved he said, that this would not be merely
temporary truce Many of the directors ana
myself have been working for weeks to bring
about such a union he said. Il never saw
factions however divided they might be, which
couldn't be narrnonized on some basis 1hls
means peace. probably the speedy settlement OF
all the difficulties which have been piling up on
the society
Gage E Tarbell also was jubilant. In spite
of the caustic comment on the Frick report he
delivered in the meeting. he emerged from the
| board room with a large, expansive smile peep
| ing from under his heavy mustache. It's enough
| to make a. man SMILE" said he. when a man
like Jacob H. Schff gets up in meeting and tells
! the board that there's been nothing found
against Tarbel' neither spot nor blemish' at any
| time or place It's that which makes me feel
| pretty good. You may imagine that. while all
| these things have been said against me and my
| connection with the society. haven't remained
| silent because I've wanted to-"
! The meeting began promptly at IL a. m, Con-
| ferences among the lawyers and leaders Of both
| sides had been held all the morning. President
| Alexander and Mr.. TarbeIl had been consulting
with their lawyers, Alexander & Colby. Mr.
| Hyde w. C. CULVER Senator Depew, ALVIN w.
Krech Winsow S. Pierce, counsel for the Gould
| interests George ]. Gould. John ]. McCooK, W.
| H Mcintyre Henry Rogers Winthrop. Bradlsh
Johnson and David H. Moffat consulted with
Samuel Untermyer in Mr.. Hydes offices.
THE DIRECTORS WHO VOTED.
| When the meeting began the following di-
rectors were present: ]. w. Alexander James
! H HYDE Louis Fitzgerald, A j. Cassatt, Aired
e. Vanderbilt. Chauncey NJ. Depew, E. H Harri-
man. Jacob H. Schiff, H. c. Deming. H r Win
throp. Cornelius n. Bliss. T. Jefferson Coolidge
! n n Mills Thomas d Jordan George ]. Gould,
| Charles s Smith Gage E Tarbell. V. P. Snyder,
George T Wilson. Alvin ". Krech. G. B. Alex
! ander. Thomas T. Eckert William Alexander
| William H Mcintyre, John ]. McCook. Henry e.
! E7rick II NJ Alexander, James b ForGan. NJ
| Hartley Dodge, c. Ledyard Blair, j. F. De Ma
yarro H c. Haars lick. Brayton Ives, Bradish
! Johnson. David II Moffat, NJ E ingalls, and
Joseph T. Low
GROWTH OF EQUITABLE'S BUSINESS.
The first speaker at the forenoon session was
! President Alexander, who in the course OF al
av+ep6ed address defended the management OF
the EQUITABLE society ard presented data to
prove that the business of the great institution
had been ably and successfully carried on The
management of the agency Insurance depart
ment was highly commended by President Alex
ander who dwelt on the marvellous growth o
the society in the last quarter of century. anc
declared that il would be no exaggeration to sa3
that the Ecuuta BILE was to-day tne strongest lif'
insurance institution in the world He also laid
stress on the economy with which the society
business had been conducted, supporting hi
contention on this point by comparisons VIII
,ha results obtained by certain large rivals o
the Equitable
vfce-P President HYDE then took the floor an'
in a long speech as vigorous in delivery as piilii
In language. replied TO the various charges whici
had been brought against him. In the coarS
of his remarks he said that the society ma
made large profits the securities purchase
:, tro,, the several James H Hyde and As
sociates" syndicates and added that ms cou'Se
had advised him that he had been guilty OF n
80, ,dotng in having participated in these syn
aicete operations, since the Equitable had sus
Cssiiausa sssond paGA