The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-06-03
HYDE WINS;
HARTMAN OUT.
Continued from First Page.

Conunted rom FtTSt rage
and aone persons thought they detected
In Mr.. Schiff's speech an effort to get on the
side that was going to be on top.
He protested against the injustice that
had been don 3 to Mr.. Tarbell. He thought
that II the committee had taken the time
to 60 into the details Of the management
Of MIR. Tarbell - Office it would find that
things we're all right. H took occasion to
remark further that be was glad that the
report contained nothing impugning the
honesty Of Mr.. Tarbeu. One or two other
directors spoke along the same lines.
CALL FOR \ TEST VOTE.
After Mr.. schin had finished his speech
Mr.. Krech moved that a supplemental
report which recommended that the question
OF changing the methods Of insurance bust
ness be referred to committee to be made
up OF the president, first vice-president
and second Hce-president, be appended
to tho original Prick report and voted on at
the same time Everybody on the board
knew that this was to be merely test vote
as to whether or not the report should be
adopted. Then the rumpus began.
Mr.. hyde interrupted to inquire sarcastic
cally whether this matter Of the reorganiza-
ton OF the insurance business was to be
referred to tbs committee before or after
the Frick committee had removed them
from Office. Krech made the motion and
the vote was taken. It stood IA to 20 against
the motion.
HYDE SAILS INTO HARTMAN AND PRICK.
That was the signal for Mr.. Hyde to turn
himself loose. Jumping to his feet, he said
that Hartman and Prick had promised
to stand by him In the present controversy
and had most treacherously broken their
word. He said that Schin and Hartman
had dragged him into the syndicate transact
tions, which were now the targets OF the
committees shots, and that they had pulled
out and left him.
He went into his relations with Mr.. Harri-
man in the various dea Ia which he had had
in detail He said that although Hartman
had promised to stand by him be was now
engaged in conspiracy to GUST him from
the stock control.
Mr.. Hartman, be said, wanted to acquire
control Of the stock Of the society, and bad
only recently made him an offer for it at
ridiculously low figure. He said that the
committee hadn't touched on the one man
control Of the society which from the begin
ming Of the present controversy had been
regarded as the main question. There was
nothing in the report. he declared, that
would prevent syndicate control Of the
society in the future, which was in his
opinion. analogous to a one man control.
1t was while Mr.. Hyde was delivering
this trade that Mr.. Hartman became
excited and spoke ont irrationally in the
meeting.
I'm THROUGH SAID FBIcK.
After Hyde had finished. Mr.. Prick got
up and announced that he was through
with the Equit able and that he want ed his
resignation accepted at once Mr. Harri-
man and Mr.. Bliss followed him 10 resign
ing, and Mr.. Frick and Mr.. Hartman left
the meeting. Both we're angry through
and through as they came out OF the board
room.
Mr.. Hyde said in substance after Harri-
man and Frick had withdrawn:
by the resignation OF these gentlemen
who have gone out this board stands moro
truly purged han it would have if I had
gone out"
HYpE's OFFER TO YIELD STOCK.
Mr. Hyde then said that he would offer
to turn his stock in to the society on such
terms as might seem just to the board and
fair to himself.
Il would" said he in effect. Snever have
got out under compulsion. l do this thing
voluntarily. I have quarreled with Mr..
Alexander and there is still feeling between
u.s. but be has never entered into conspir-
acy to put me out Of the society for the
benefit of his own pocket
After that Mr.. Schlfi breaking in on the
confusion that the Hyde speech had made
said he thought the investigating COM
mittee was deserving of a compliment
for their efforts. Their services were,
of course, appreciated he said, but it was
evident that the report could not be adopted
He uoved that chairman Of the board
be created with plenary power over all
the departments in the affairs of the society.
This committee was appointed to select
candidate and report at next Wednesdays
meeting:
DO. Mills, John a. Stewart. A. ]. Cassatt.
j. B. Forgan and Robert 7. Lincoln.
After Mr.. Schiff bad seen this motion
carried he left the meeting.
PRICK CALLED HAERlSiAN's MAN.
At the meeting one of the directors
SnOuCPu Ut MI. L TlCh tudt It's fid'i tout
his best to knock out the business Of the
society and accused him of being "led
around by the nose by Mr.. Hartman
This director said, further, that he believed
there was man in the Office of Newark,
n j., insurance company who bad profited
in getting business away from the Equitable
through his knowledge Of the contents If
the Prick report.
During the meeting also, Marvin Hughtt
of Chicago, in the course Of discussion,
"a that in the West the idea was that
man who was connected with Wall Street
was hot candidate for hell, and that il
the impression got out that the Equta bile
was a Wall Street company business in the
South and West would 60 to smash. Mr.
HYDE said on this line that II every Wall
Street man in the board room would retire
they would resume the insurance busin ess
without the aid of Wall Street.
NoALLs's SHARP BLOW AT HYDE.
There was an encounter in the meeting
between Mr.. ingalls, and Mr., Hyde. 1t was
in the debate over the Krech amendment.
Mr. Hyde started it. He turned on NJ. +.
ingalls,, against whom he seemed to hold
q special pr,ldQe.