New-York tribune., 1910-11-24
EQUITABLE STOCK At 800.
Bia Drop at Auction Sale from
Asked Price of 4.0O0.
RECALLS RYAN-HyDE DEAL
Control Now IN Hands OF j. P.
worgan-May Announce Plan
for Future Next Month.

,. IF rs7e most Interesting transactions
,,-- rirr7e st the weekly auction sales
:. securities was the sale yesterday Of
- shares OF stock Of the Equitable Iafe
,.s--ance Society st go, or $40 for each
go share
-.e +o-sF stock II 10G0 shares Of the
-era-a ra- value Of SleafN, and the
,--usI dividend return is : per cent.
--,,-,ss =. Ryan tn June. 1906. paid James
-r,-s- F7vde g 500.a for 500 shares. which
sS - rhe rate OF about $3.50 . share;
ms NJ. RYAN is supposed TO have received
- sane price from J. 2. Morgan, to whom
=. sold TIE block Of stock early last win
..- P1-t that block represents the control
- corporation haring assets Of about
<.saea0.eoa
-ne voting trust established by Mr..
.rvs7. consisting Of George Westinghouse,
,x-Tusri-e Morgan = O-BrIen and the late
PRESIDENT Grover Cleveland. expired by
Limitation on Jrne x. and the remaining
vot;ng trustees. who had the option of re-
-ez-ire I fc- another FIVE years. elected
20 dissolve the trust and turn the control
prr- 20 Nr. Morgan. relying upon him to
s. for The best interests OF the Equitable
II. Morgan in replying TO the notifica-
-io- 10 him By the trustees of their in
-ar-fou. gave no fntimatiUn Of his plans in
regard 20 The future OF The society. and
,,r 70 the present has never made any an
aouacement OF the subject Superintend-
ant Hotchkiss OF the State Department of
Insurance, II a statement IN December just
sster Mt. Morgan had acquired the Equit-
sble's control said
Immediately On learning that Mr.. Nor
-sn had acquired this stock 7 called upon
Linn personally snd requested d statement
IS TO his intentions concerning the same
Ee replied that in acquiring the stock Re
rs5 a single purpose-aamely, TO prevent
Us being sold 70 different individuals and
mus make i impossible that al the exIi-
.ation OF the present voting trusteeship
lbis great interest could be used to the
.ser-irleur Of the policyhOlders.
he stated further that he desired the
ro-opera:ion Of the Insurance Department
!. vcrkine ont z plan whereby the stock
=, afch means the control of the company
yreald De- szfeguarded Il the interest OF the
1olicyhclders. and that could assure Gov
erno- Hughes that no steps 10 that end
-rould be taken by him save with the con-
turrence Of the Insurance Department
The stock c the Equitable IS quoted in
me current lists Of insurance stocks as
-,sy asked Win 10 Dlu pIiSe AaIIled,
1I-. Morgan might for some purpose de
sire to acquire the minority shares, but
- does not need Tor control any Of the
shares not already held by him, and II
may be that some minority holder, realiz-
Ing this and tired OF holding out for $1,000
= share. has decided 10 HqUida1e his hold
srgs at q t=Eure which Is = high one for a
.e- cent srcCk-s500-
TIE annual meeting OF the stockholders
and policy holders Of the Equitable for the
lection OF six directors by the former and
seven by the latter VIII be held On Deem
her : and Il is reported in the financial
district that Mr. Morgan on that occasion
may present his plan for the future control
81 the society