New-York tribune., 1905-06-23
HYDE TO FIGHT ANY ACTION AGAINST HIM.

ATTORNEY General Mayer announced here last
night that he would bring action al once 10
compel the restitution to the Equitable Life AS
srrance Society of funds wrongfully ecculiiu
lated through trust transactions or in. any other
vav by it's officers, and to oust from the societ9
anv officer who had been false to his duty The
Hendricks report made this charge against
James W.. Alexander. James Hazen- HYDE ana
several directors
Action also will be begun by District AttoF-
ney Jerome although he refuses to say aloils
what lines he will proceed. He wrote 10 GOV
ernor Higgins for copy of the Henorlehs
,ort which was sent TO him, with letter from from
tta Governor promising all aid in his lnVestl-
cation Whatever evidence of criminallty Al
tornev General Mayer finds in his proceedings
which, necessarily, will be civil suits VIII De
turned over to District Attorney JeFo-he' anu
the two officials practically will Work tosetiie-'
lanes Hazen Hyde, it is known, is prepared TO
defend anv suits which may be brought against
Kim for a refunding of his syndicate proftS'
and II is altogether likely that il ne cannot
,ecorne a defendant he will be a p!21nthI Ill
1evsuit, either against the Equitable society
or some of those who nave made charges against
him.
The Mutual Life Insurance Company, IL was
learned yesterday, has applied to superlh'eilueA'
Hendricks for investigation OF It's sha-iasS
rnent and report thereof. This action - taNei'
because of the effect on the puohc Oh .iie Ha
tah1e investigation. The Mutuais oihceIs 's
ueve that it would reassure their poheshoiue.0
and nut them absolutely straisnt~with the pun
"a, o.. to1Ia the results of the Departments IN
,.os,;oo +ion rca,ic known. superintendent Hen
ario,s II is understood, has considered thel
,1,oa.,o, favorably ard will begin the IN
vestigation in few weeks.
meeting of the directors has Deeh caiieu i''
next Wednesday at which 1t is eNpe'' "
Morton chairman of the board, WIZ p-4ie
ward his plans for the reorganizalioii ol -
directorate and the executive connittee
devoting his time now almost entleiy 10 "'iN
on. these plans He and the trustees Aa'c o
in conference and it is understood tiia' ny
have been discussing the names OF
20 the fourteen directors who resigned ourins
the factional fight. 1t is expected Dy ''e u
not several more of the directors VIII reSisn
. ,oa+,,,s or the trustees will be held next week.
ro,.b,v Immediately preceding the olrectol'
meeting. o,+..5.,,
NJ, Morton was In consultation yesterday
with Thomas F. Ryan over the Henoflchs
mort and its reference to absolute
of the EQUITABLE He refused 10 DISCUSS '
mort Mr. Ryan would say noIliis
Mr. Morton said he sad not cohsiuei eu 90
f,r+bar the acceptance of the reslsnauolis oi ''-
officials which he holds -
August Belmont 1t was learned yeSteioN'' r1
cont letter to ex-President Cleveiano' DIS
man of the trustees. rendering ms ie'e
90 , director of the society. He does not IaNe
- -o.,vna+,on absolute but proffers, It, anu
,ooyas u 10 the trustees to accept MS retireiet
- o.. os, hin, 70 remain He bases MS actioi'
an i. desire not to hinder the new I11anaseiieii'
tn ar1 mans IL may have In IIlltlu-
M Ralmont's action in Wall Street Is '",Ae''
os an indication that all Is not haA Aiiioi'
tween himself and the new regime .,
A tangle of litigation seems ABOUT ~ -"
TIE already much tangled Equi'aoie' io
the suits by the Attorney Gereral anu '-
snactjve suits by Mr.. Hyde, IL Is thousi'
either some of the poiicyholcers. actiiih o'-
advice of the new management oi "i
&C chairman of the board. will bring actions 10
decide in the courts eAaceiS ~
of the policyholjers
Tha,r claim, 70 the surplus and their right to
o,.c, directors are practically the most lfnpor-
tant nroblems confronting the reorgailizeis' LIZ
any such suits the plaintiffs VIII receive eNefS
aid It is understood. from the Al'oiheS
ais office Such actions viii not CONNECT H. any
u,av with the suits Mr.. Mayer VIII orlns III De-
half of the State
ATTORNEY General Mayer returned to this city
last night from washington He Will be AT ms
ofica here to-day and tomorrow. working over
tba Hendricks report. He will be in comnluhl-
% tion with Governor Higgins and Superlntend-
ant Tenaricks and probably ne ana Dlstflct
Attorney Jerome will hold a conference
craTEMENT. FROM ATTORNEY GENERAL
"OrdinariIy I believe that an official snouiu
not nred,ct what he will do said the Attorney
General at the Republican Club. performance
&c nraferable to promise. 1t is manifest, how
ever that the people throughout the entire
countrv are profoundly interested In the affairs
os tho F,ouItable Life Assurance Society There
fore I think IL fitting to say that appropriate
stems speedy will be taken by me. first. to ac-
complish the return TO the Equitable of any
nrofts wrongfully made or retained by reason
of trust relations otherwise; second. to debar
from holding Office In the company any person
who has been faithless to his trust or who has
violated any provisions OF the law: third. to OBJ
tain an accounting for any waste or msappli-
cation of funds for any reason or BY anybody.
There are certain other matters OF tnpor-
tance which studying. but TO which II would
be premature TO refer In detaiia II might be- for
instance TO the interest OF the poicyhoiders TO
learn the character of and occasion for some OF