The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-02-18
ALEXANDER AND HYDE CONFER
BETTER UNDERSTANDABLE IN TINE
EQUITABLE TIE Result.

AS 10 HOW me society WIN Ee nulUal
tied. Except on the Vice President
Lines, Not clear 10 Outslders-J. II
Scaln says Uydc's stock Won't lie sold
James W. Alexander who was reelected
president Of the Equitable Life AssGranc
Society at Thursdays stormy meeting ha'
a five hour conference yesterday Afternoon
with James Hazen HYDE, the young vice
president whom the Alexander party tries
10 depose. but who was reelected at th,
same time. IL was said that Elihu Root
tho muster mind Of all the lawyers con
,orned in the society's struggle. wa'
with Messr3. Alexander and Hyde most Of
the session. Mr.. Root has been tho chief Of
Mr.. Hyde's counsel.
From a source friendly TO the Hyde inter
ests came an announcement that at the
end OF tho conference the relations between
the veteran president and the youthful
vice president were more friendly than
they had boon since the death of Henry
Baldwin Hyde, who was the founder Of the
Equitable, the friend for years OF James W.
Alexander and tho father Of James II. Hyde
ON the Same authority it was said that
Mr. Hyde was not inclined to blame Presi-
dent Alexander for the attempt to unseat
him by mems OF the petitions that declared
his prominence in various ways detri-
mental 10 the society. Rather Mr.. Hyde
looked upon Gage +. Tarbell, second vice.
president and George r. Wilson. third
vioe-president. as more responsible for tho
rebellion against him az holder OF a mn GRITTY
of the capital stock of the Equitable.
or course It was not announced that the
leaders Of the company met for the pur-
pose OF discussing animosities Mr. Alex
ander and Mr.. Hyde, it was said, came
together TO confer about the plans TO mutual
ize the company. Both are on the COM
mttee Of seven named on Thursday 10
arrange plan by which the polcyholders
shall vote for the directors. Their col
leagues are Valentine p Snyder Gage r.
Tarbell Cornelius n. Bliss. Il De Witt Cuyler
and Chauncey ". Depew. This committee
Is not only to arrange for the enfranohise-
mont Of the polioyholders but also for the
naturalization Of the stockholders It
must report before April IL.
A meeting OF his committee OF seven
has been called for Monday. 1t WIN have
the task, practically. OF reoonstructing
the financial fran OF the society. Just
how It will 60 about It. what It will accom-.
plish and how its work will be received by
the directors are matters which are puz-
ling Wall Street and insurance men.
A method Of retiring the present stock
and cofnpensating tho stockholders IL moth
ing to be decided in a few minutes. The
areest holder Of stock is james II. Hyde. |
Who with his mother and sister, has 81
,ontrol the board Of directors, the COM /
uittee Of seven, the executive committee
md the finance committee.
1t was said yesterday by those closely IN |
ouch with the situation that James Haxen
iyde would never consent to the elimination
f his influence, much less the abolition
{ his stock control. None could say, how
yer, just what shape the reform Of mutual-
linR the company would take There
Sisted a dispute a. 10 whether the com
sensation Of the stockholders for the grant
nR of the voting power TO the poliCyholders |
would be in cash, stock Of a new issue,
" votes. When company capitalized at
100000 and paying only per cent. divi-
lends has assets OF sIU0,OVU,00o and sur
lius of S91 900 900 il il not easy TO fu1lre
'ut tho compensation due 20 the owner OF
1 per cent of the stock when the right 10 |
'ote FOR the directors OF the company Is
onCerned
One OF the suggestions made Yesterday
7as that the Hyde holdings would be
ought for the society at a price to be
eterminod by the committee The Hydes,
I course. would have the right 10 refuse
he offer II ii did not suit them
Sympathizers with the Alexander group
scented yesterday al attempts to describe
thursdays meeting as n Hyde victory.
hey insisted that in obtaining tho mutual
alton OF tho company they gained tho
Irger OF the two objects for which they
rove. Nor would they admit that the
Of seven. which is to plan the
Is strictly Hyde COM
littee.
Mr.. Hyde and Mr. Snyder arc HYDE men
strongly as MraAieHRnder and Mr.. Tar
oil are ION tho opposite side. But the |
leIander party Is insisting that Messrs.
epew, Bliss and Cuyler are absolutely
eutraI and vi! consider neither faction
rests of the policyholderg. Mr.. Depew
very strong with all hands for nobody
5nies that his speech at the directors" .
Getting was the means Of preventing a
scisive battle. He kept together. at least
II the present, the financial and orqaniza-
on powers OF the company.
Concerning renewal Of the r7irnor that
70 Hartman interests would again try ,
buy the Hyde holdings statement,
was made yesterday.
follows; q
Jacob n. SchT believes that the pur-
iAse OF the HYDE stock by an Individual !
group OF individuals In or out OF the
Iuitable Society, would be a moral wrong c
I'd that such control could only be wanted
r Interior purposes. Mr.. Schif has been {
sured that Mr. Hyde has no thought of {
dlsposing of his stock and that the HYDE
eek will be- sold into tho Equitable treas /
y prior TO the carrying out OF tho pro- !
'sed naturalization plan h
L. s. Brownson of 40 Garden place. Brook ?
n, has started a movement TO organize c
protective association OF policyholders s
The Equitable. He says he has paid up c
Icy Of $1,000, and consequently is in 2
res ted IN the conduct Of the society's I
airs. He Is advertising for cooperators, ]
PLEADS FOR PAWNBROKFR.