New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-04-08
LULL IN THE EQUITABLE.
SEYERAL CONFERENCES.
"InuestigQtion Farce" Says Bacon
Vacancies Discussed.

Following the demands of the directors Of the
Equitable Life Assurance Society at their meeting
Thursday that there be a cessation of the war
fare which was having a disastrous effect the
society. came a decided lull yesterday. There
conferences among the leaders of the various par
ties. but action any of the questions left I'M
touched at the directors meeting will go
til Monday. Then the committee of four appoint
ed to confer with the State Superintendent of In
surance and the policyhOlders' committee will meet
the Crimmins committee and Superintendent Hend-
ricks in formal conference. Meantime, informal
discussion will be the order Of work.
Besides the investigation which the directors
ordered the chief point of interest left unsettled
is the filling of the two vacancies in the board of
directors These vacancies, the Crimmins COM
mittee has suggested, should be filed by repre-
sentatives of polcyhOders On this point SEN
ator Depew's committee aud the pOicyholders
viii try to reach agreement. Mr. Crimmins
and Henry Morgenthau have been suggested by
various interests the men best fitted for the
places. Mr.. Crimmins has declared positively that
he would not take any place in the Equitable.
that of director. but pressure may be brought
to bear him.
tee that the policyholders have four representa-
tives in the executive committee also will be dis
cussed by Senator Depew's committee, the Grim
Minis committee and Superintendent Hendricks OF
these four members two. according to the sugges-
tion were TO have been named by Cornelius n.
Bliss. Efforts will be made, it is understood, to
get Mr. Bliss depute this privilege to the Grim
Minis committee. that it may name all four of the
members. The Hyde people would rather have the
pOlicyhOlders' committee name the four members
for Mr.. Bliss is of Mr.. Alexander's party.
A conference held at E. H. Harriman's
Office yesterday afternoon. at which were MI
Bliss. Mr.. Prick and another member of the newly
appointed investigating committee. For an hour
they discussed the scope and methods of the in
vestigation. which will take in all the charges
made against Mr.. Hyde and the counter charges he
has entered against President Alexander. Then
Mr. Prick went to James H. Hyde's private office
where he stayed for some time Mrs. Sidney
Dillon Ripley. Mr.. Hydes sister, was there at the
time Mrs Ripley and her mother hold some Of the
Equitable stock.
The executive committee held its regular meeting
Yesterday but routine business only was trans
acted. Nothing bearing on the fight for control OF
the society came up E. H. Hartman. replying to
questions yesterday declared that he was at pres
ent actually policyhoder in the Equitable. not an
applicant for policy.
When the original directors committee was
named TO consider plan of naturalization, one of
its instructions was report the allied sub
iect of Naturalization of stockholders This al
lied subject had been lost in the shuttle. accord
ing to a member of the committee. Counsel have
reported to the committee that nothing can be done
on that point without special legislation. No report
has been made this Naturalization to the full
board.
Colonel Alexander S. Bacon who has been in
VeStlgatlng the EqultaDe TOT some twenty cHehlS
of his poicyholders, declared yesterday that the
investigating committee named by the directors
farce. He said
It's the investigation of by himself There
win be no real investigation by this committee; or
by the Insurance Department, or by the legtsiat-
ure all because or Influences great and varied
The only way to get real investigation Is by the
courts. and by that l mean by trial
He refused say whether he would bring any
suit in behalf of his clients. Their policies were
all right he had told them in a preliminary re
port. but they We're paying too much for their IN
surance. The naturalization plan adopted by the
directors he thought was a step il the right
direction
John ID. { rinmins much pleased by the a.
ton of the directors il adopting the naturalization
plan. His committee. he said had not yet decided
the names OF he men Il was to present as
directors IL would in day or tive. he though1
there would be difficulty in Obtaining Superln-
tendent Hendricks consent to the plan outlined