The San Francisco call., 1905-06-03
Directors Harri-
man, Frick and
Bliss Resign.
Severe Blow Dealt Both
to Alexander and
]. q. Hyde.
Higher Officer to Displace
Former and Latter Asked
to Give Up Control.

NEW YORK, June 2-Disputed claims
OF victory by the conflicting factions in
the Equitable Life Assurance Society
and an apparent readjustment OF interests
marked the results OF the meeting Of the
directors OF the society held to-day for
the purpose Of passing on the report Of
the committee of seven, OF which h C
S7rick is the chairman The only official
announcement made was the designations
OF Frick. BlAss and Hartman from the
. board OF directors and the passage Of the
resolutions embodied in the following
statement given out by the directors after
the final adjournment.
p The board, after full discussion and
after replies on their own behalf TO the
committee by President Alexander, Vice
President Hyde and Vice President Tar
beu, on motion Of Mr. Schiff, adopted the
following resolutions;
'First-That chairman Of the board be
created with plensry powers over all de-
partments and affairs OF the society.
'Second-Thst & nominating committee
consisting OF D. o. Mills, John A Stewart.
A " Cassatt. T. Jefferson Coolidge, Au-
gust Btlmout. = 3. Forgan and Robert
meeting Of the board, 10 be called on
wednesday next, e candidate for chair
man
'Third-That at the meeting Of the
board the executive committee be reor-
ganizeo and that appropriate amendments
10 the bylaws be prepared for submis-
sion 10 that meeting for the purpose Of
carrying out these resolutions.
"Fourth-Thst James Hazen Hyde be
requested within three months 10 divest
himself OF the control Of the stock Of
the society on such terms and conditions
as shall be satisfactory 10 him and 10
the board"
PREL1MIN CONFERENCES.
OF the fun board of fifty directors thir-
ty-seven were present The meeting to-
Gay was called at Il o'clock, prior TO
which hour there were protracted con-
ferences IN the Offices of Alexander and
HYDE and IN the Office occupied by the
frick committee. Among those who con-
ferred with Hyde were Senator Depew,
Samuel Untemeyer, George Gould, A W.
krech, ". c. Gulliver. Winslow S. Pierce,
Il c. Haarstick. John J. McCook, Bra
dish johnson. D. II. Mofatt, p R. Win
throp. William p. McIntire and c. B.
Alexander.
After the adjournment late in the
afternoon IL was learned that the oues-
ton OF the adoption OF the Frick re-
port had not come before the board
Frick, perceiving that he would be out
voted, made no comment and after ten
oering his resignation left the room.
II is understood that Bliss and Harri-
man. both Of whom rendered their es-
ignatiOns, followed him Immediately.
The Frick report, IL has been ascer-
tained. recommended the removal OF
President Alexander, Vice President
Hyde and Second Vice President Tar
bell
The first speaker at the forenoon ses-
sion was President Alexander. who. in
the course Of an extended address. de-
Tended the management OF the Equit-
able Society.
Gage 7. Tarbell, the second vice pres
ident. also addressed the meetings, de-
voting his remarks to the management
OF the domestic agencies, of which he
has direct charge.
HYDE ENTERS DENIAL.
Hyde in his address insisted that
there was not single act throughout
his entire career with the society which
was the subject OF so much as Just
criticism on the part Of fair-minded
man, with the possible exception Of the
Cambon dinner. and that was a matter
OF honest difference Of opinion as TO
business methods. He said that while
he had deposited the amount Of HIS ex-
pendfture with the cashier he felt he
ought to receive it back.
Among other falsehoods which HYDE
said had been circulated about him was
one to the effect that he had given this
cinneI VIII Lne lcea or gelllng the order
OF the Legion Of Honor from the French
Government. This decoration had, IN
fact. been conferred upon him two years
before.
AS 70 his participation Ia syndicates.
Hyde said he had been in many syndi-
Gates. always with Alexander. in which !
the Equitable had no concern whatever.
and IN many OF them had lost money. He
justified his participation IN such opera 1
tions.
Hyde concluded by demanding the ut
ter rejection and repudiation of any re-
port that criticized his administration and /
said he would force an opportunity to let |
the public know what was behind these |
attacks.
II is understood that motion was then |
made 10 discharge the committee and /
that II was carried
TO NAME CHAIRMAN
Hyde's friends on the board then stated 1
that they recognized the welfare of the 1
society required some man OF dominating
influence and national reputation at its /
head 10 restore public confidence. HYDE 1
said he had nothing 10 fear from a fear
less and persistent investigation Of the /
affairs OF the society. and said that he
Continued ON Page q Column 8.