The Montgomery advertiser., 1905-04-19
ALEXANDER
 IS FAVORITE Hyde Not Running We'll in
 Equitable Race. HIS POPULARITY SMALL President of Organization Is
 Sustained. In New York Senate Debate Over "Nasty Mess", Assumes Rather Sensational Aspect During
 the Discussion.


 at the Hotel Savoy lasting for nearly six hours today aside from short re- cesses, the two hundred managing agents of the Equitable Life Assurance Society from all parts of the United States adopted resolutions late this afternoon asking the New York State Legislature to ''exercise it's plenary power by enacting an amendment to the society's charter" this amendment to give the policyholders admission to the directorate of the society. The resolutions also provide that committee consisting of one manager for every State in the Union and one from Canada together with all the managers in New York city should be named to visit Governor Higgins and Superintendent of Insurance Hendricks and secure their assistance In getting the legislature to act in the matter. This committee, representing the whole committee, will be designated before the agents finally adjourn Today's session was replete with de- velopments. Several sets of resolu- tions were adopted. President Alex ander made brief speech. Vice. President Hyde followed him and In the course of his remarks referred to the sale by Second Vice-President Tar bell of the latter's interest in the re- newal account to the company. which
  Tarbell Then all three officers left the meeting and the agents devoted their time to discussion behind closed doors. At 5:50 o'clock tonight the agents adjourned to meet again tomor- row morning.
 The first set of resolutions which came out declared that the agents pledged their unqualified support to President Alexander and expressed their entire confidence that the presi- dent will continue unfalteringly and finish the work of naturalization that he has so courageously begun"
 Hyde Ignored.
 There was no reference in any of the resolutions to MT. Hyde Resolutions were adopted by iEes agents giving their unqualified ape proval of the firm stand taken by Vice. President TarbeTl iD his support of the President on the naturalization ts- sue"
 The Tarbeii resolution was intro duced by E. A.. Woods of Pittsburg.
 The Prick committee of investigation was commended in another resolution and this committee was urged to be prompt in a searching, impartial inves- tigation of the company's affairs. the hope being expressed that the result would be the means of placing the so- ciety on a firm foundation and restor-
 
 The organization of metropolitan managers was dissolved by resolutions and the agents declared that the sur plus in the society's funds belong to the policyholders.
 This in brief is a summary of the days proceedings which began shortly before noon MT. Alexander opened the meeting with an informal talk, in the course of which he said:
 T am not here to mention any of the subjects under investigation by any of the committees having in charge these matters. There will be no per sonal controversy of any nature. fully realize that you gentlemen have been the means of bringing into the treasury of the Equitable the enormous surplus which it contains and your in- terests will be guarded I would shed my hearts blood in your interest. You have had difficult work before you, but we hope it will be easier in a short time"
 Hiss Greets Hyde.
 It was thP~ Mir. Hyde was intro- duced a hiss from the rear of the hall did not disconcert him. He said if he had done anything wrong, finan- cially or otherwise, or had participated in any wrong doing by others. he should be kicked out" and if any oth- CT officers of the society had been
 
 thrown into the street"
 He referred to the sale by Second Vice President Tarbell of the latter's interest in his renewal account and remarked that he hoped no agent would be called upon to sell his (the agent's) renewal interest
 MT. Tarbell followed Mir. Hyde and explained his sale of his renewal ac- count by saying that he contemplated the action six months ago. The rec ords of the society would show an es- innate of the value of his renewal inc terest at that time. he said. He de- clared that the society made several and got the best of the settlement. Then turning and facing MT. Hyde, Mir. Tarbell said:
 T may have sold my renewal inter- ests but I will never be called upon to put any money back into the treas- ury of the society"
 This declaration was greeted with cheers
 President Alexander immediately an- nounced that the officers would with draw with the understanding that they would return If wanted.
 Before Mir. Alexander and the two vice. presidents left the room, Mir. Alex ander called L. Layton Register of the oldest agent of tho  Henry J. Powell. of Louisville, was elected Permanent Chairmana Other officers were elected as followos: Score taries, F. I. Levy of New Orleans; F. A. of Albany; and J. w. Estes. of St. Louis. Chairman of Committee on Anson A. Maher, of Phila- deIphia; Chairman of Committees on Edward A, Woods of Pitts burgh
 The departure of the three most im- portant officers of the Equitable. all of whom have figured prominently in its affairs since the present difficulties came to pubic attention was the signal for a short recess. When the members of the assemblage gathered again the endorsing President Alex ander were presented and aGGpted.
 After this there was 8 long discus- sion resulting in the adoption of other resolutions already referred to.
 The following letter was given out