OCR Text |
Show COMPROMISE MADE BY THE EQUITABLE NEW YORK, Feb. 17. James IV.' Alex-ander Alex-ander and James H. Hyde were re-elected president and first vice-president, respectively, re-spectively, of the Equitable Life Assurance Assur-ance society at the adjourned meeting; of the directors. All the other officers offi-cers whose terms had expired were reelected. re-elected. - , A resolution -was adopted recommend-' Ing that policy holders be given the right to vote for directors, and a committee which includes President Alexander and Vlce-Preeldent Hyde was appointed to carry out this step, which is practically the policy of mutualhtatlon advocated by President Alexander The results outlined were reached after a protracted session, which was marked, at times by considerable feeling;. Friends of Vice-President Hyde were disposed to view the outcome"" as a -lctory for their side, but in other quarters the result was regarded as a general compromise, in which the contending- factions met half way. That Mr. Hyde had a majority of the directors with him. however, was never in doubt. His election to the chairmanship chairman-ship of the executive and financial committees com-mittees was regarded as significant in this connection. This solution of the society's troubles trou-bles was largely due, it is understood, to the conciliatory methods employed by Senator Depew and Jacob H. Schlff. Contrary Con-trary to report, Mr. Schlft had not arrayed ar-rayed himself on either aide, and was among those who favored mutualizatlon. |