| Show MR HYDE TELLS AGENTS WHY HE RESIGN New Neil York fork April letter sent to agents of ot the Equitable Life LICe society yesterday by Vice President dent Hyde was the subject of ot a n meeting held at the Equitable building liy hy those thosa lit of f the agents who have hae remained In Inthe Inthe inthe the city ell Mr 11 letter explained why wh he hurl hart not heeded their request for Cor his hili resignation re and meeting wax to heckle decide whether they ought tomake to tomake make n II reply After sonic nome discussion It II was WAil decided that an as their convention had adjourned without hh r nt at the Hotel Sa Savoy voy a oy the meeting could not bo bu reopened ea d min oss nil all o of ot tho e alien agents a wore were present No Nn reply was framed One of or tin the committee which present presented pr 1 ed 11 the conferences request lo to Mr 11 Hyde said today It IB Is not true trite that Mr Ir Alexander was the instigator of or the present con eon controversy controversy One year ear ago Mr 11 Hyde him himself self Holf sought to tn have hae the tho board of oC di III directors directors rectors elect ellet the president and ond author authorize ize the latter to 10 appoint the other oft core cers of oC the tho society My assertion a about this Is substantiated suh by b the official rec records records of ot the meeting of ot the board hoard of di II directors rectors when whon Mr Ir Hyde sought to put pul his hili project through J W Estes of ot Chicago o one ono of DC the secretaries of the conference of ot tho the general agents a and an managers said Mr 11 Hydes Idoll letter Instead of satisfying the tho policyholders would make them more determined than ever that the tho first vice president should retire Mr Kittos letos declared that Mr Ir Hyde do was IIA not at nil all definite In III his hili answer to the general agents and the managers re reo reflecting the views of ot the tho policyholders Mr 11 Hydes presumed answer to 10 the lime theother other side said Mr Estes Ia Is not nn an answer to the tho policyholders rind and does doos not 1101 tell toll them what they want to hear Mr 11 Estos Eslos o added If It the assets and surplus of the IheI Equitable I belong belon not nol to the policy hold holders 1 ers eu but bul to tho the stockholders then the tho Equitable Ei business tins has heen been built upon false so pretenses timid ami amends allen ls and legal redress will wilt have hae to be made node to the pol I e C nil Hut as us to 10 what we ran can do now In Inthe Intile tile the WRY WilY of ot a II reply to Mr h Hydes Hydell ab oh absurd surd curt brief I 1 dont know The conven conen convention tion has adjourned The Tho Hyde reply In insert inserted my my estimation must simply simply be be Insert Inserted ed In the minutes of ot the meeting which are soon to be printed and sent Bent to all nil tho thin members of tho the association In lit that respect Mr Ir Hyde was wn foxy toxy He lie got In ht the last In t word and there Is noway no noway way for tor tho the convention to get back at him for n a year Joseph Howes Rowee of oC Baltimore member of ot the tho executive VO committee commutes of ot the National Na Nit Association of ot Equitable I Agents wild today I nm ant going to find fad sons some way to j get getup t tup up nn nil edentate adequate reply without waiting for far the tho next annual meeting of ot tho the nH at Stich arrogant assumption of oC one power In a n company compan that has hns obtained all 1111 Its business by representing representing Itself to 10 ho b a 1 mutual concern I 1 never beheld before the tho mun man realize that the tho gen Ien general eral agents have thousands of dollars worth of ot mussels assets lI tied liNt Up In future revo reve titles of contracts contract which would bo ho worthless If It Hyde continued his hili hurtful notoriety Vo will get up n a reply all nl allright allright right We wont let that Hyde lIy letter be thin tho lust last word on this subject |
