Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1905-05-17
FIGHT IN EQUITABLE
ALtXAND r AND HYDE ARE
EXCh,NuING WARa Chs RGES
JIM HILL AND D. o. MILLS RE.
FUSE TO SERVE ON
SelF-iNvESTIGATING
COMMITTEE.


New York. May 3.-James W. Alex
ander, president of the Equitable Life
Assurance Society, tonight resigned al
trustee of James Hazen Hyde's stock
in the society. Alexander's resigna.
ton was rendered in an open letter to
Hyde and W. II. Mcintyre as co.trus.
tees. He declared his action was i'm.
PEELED by the unfounded charges
against him Of being derelict In his
trust. Alexander recites the Henry b.
Hyde trust and declares that under
its terms James II. Hyde has always
exercised supervision over the &C.
tons Of the trustees. Alexander states
that while he has hitherto been willing
to continue in his nominal relation as
trustee, he now feels at liberty to give
up even that duty.
Following the resignation Of James
J. Hill from the Equitable self.invest.
tigating committee. came the an.
nouncement today that ID. o. Mills
also has to retire from the committee.
It was learned further that another
member Of the committee may resign
al any time. Mills gave as q reason
for his resignation that he was too
busy with private matters to devote
the necessary time. He admitted he
had not attended any of the meetings
Of the committee. The resignation Of
Mills and Hill leaves five members:
l.. II. Hartman. II. c. FricK, chair.
man; Cornelius n. Bliss, Brayton Ives
and Melville II. ingalls,.
Justice Bischopf. in the Supreme
Court today signed an order direct.
ing Hyde. Alexander and Tarbell to
appear before him May 18th for the
purpose of being examined and max.
ing deposition as to the facts and
circumstances under which the so
called amended charter was adopted.
especially as to the directors voting at
the meeting Of the board of directors.
and as to the number of shares each
director represented or claimed to rep.
resent An effort will be made to
have the Equitable books opened In
court.
Justice Bischopf today ordered Pres.
ident J. W. Alexander. Vice Pros
ident Hyde and Vice President Tar.
hell of the Equitable Life Assurance
Society to appear before him in the
Supreme Court May 18th for the pur.
pose Of being examined and making Q
deposition as to the facts and circum
stances under which the SO called
amended charter Of the Equitable So
ciety was adopted.
The officials Of the Equitable are
also instructed to produce such books
and papers as may relate to the adop
ton Of the amended charter. The or,
der was signed at the request Of Her.
bert G. Tull Of Philadelphia, a policy
holder In the Equitable Society. Yes.
terday the Justice refused to sign q
similar order, but upon renewed az.
plication today In an amended form.
as suggested by the court. the order
was signed.
President Alexander Of the Equitable
Life Assurance Society today gave out
o statement in which he makes a denial
O; all reports to the effect that any
one has been asked to succeed him al
president Of the society. He said:
"All reports that anybody has been
asked to be president OF the Equitable
are obviously false. | have been
elected president by the board and
have no intention Of resigning. There
Is no body of men having authority to
offer the presidency to anybody. eau
ton should be exercised In accepting
unauthorized rumors, many Of which
are circulated for a purpose"
II. X, Prewitt Of Kentucky and II
Il Folk OF Tennessee. members Of the
executive committee Of the National
Association OF Insurance Commission
ers. expect to call on James II. Hyde
Of the Equitable today. Speaking Of
the purpose Of their visit to this city
Mr.. Prewitt said: I'VE are here In
answer to the demands Of policy hold
srs In our respective states that ouI
state insurance departments make q
first hand investigation OF Equitable
affairs. We expect to see Mr.. Hyde to-
day and later we will talk with Mr.
Hornblower and 80 over with him the
litigation that has been begun against
the Equitable.
"As yet we have made no demands
for an examination OF the books o.
the society and we have not decided
whether such an examination shall b
made. Our organization has the powel
tc subpoena witnesses and take testi
mony. Other members Of the executive
committee Of our National Association
will arrive In town this afternoon ant
on Thursday we expect to hold a meet
ing and decide on some definite plaI
of action. Policy holders In the Equit
pble throughout the country are insist
ent that some outside independent in
vestigation may be made OF the AFFAIR