Tom Watson's Magazine, Vol. I, No. 3, May 1905Various
History
Tom Watson's Magazine, Vol. I, No. 3, May 1905
Various
United States -- Politics and government -- Periodicals
In the Equitable Life Assurance Society war James H. Hyde, the
First Vice-President, denies the charges made against him and
retains Elihu Root, Samuel Untermeyer and others as counsel.
He announces that if President Alexander wants a fight he can
have it. The State Insurance Department of New York takes a
hand in the case, and an investigation of the company’s affairs
is ordered. The Alexander forces charge that loans have been
made out of the association’s funds to Edward H. Harriman, of
the U. P. R. R., that the dinner to French Ambassador Cambon
was paid from the company’s money, and that Vice-President
Hyde has usurped the President’s functions. Chairman John D.
Crimmins, of the committee of policyholders for mutualizing the
society, announces that the Hyde faction has conceded all the
committee’s demands and that the Alexander people alone stood
in the way. For this reason Mr. Crimmins, who was understood
heretofore to stand with Alexander, refuses to go further in
what he terms the personal fight on Hyde.
President Samuel Gompers, of the American Federation of Labor,
sends out a warning to the members that the Socialists are
attempting to disrupt the organization.
In the Gas Trust inquiry an official of the company admits that
there is $12,000,000 watered stock in the corporation.
At a meeting of the National Association of State Dairy and
Food Departments being held in Chicago, J. M. Hurty, Secretary
of the Indiana Board, states that 455,000 babies were killed
last year by adulteration of milk and other infants’ foods.
A threatened coal strike in Pennsylvania is averted by the
granting of the wage scale of last year.
April 2.—H. Rider Haggard, in an interview given to the New York
_Journal_, says that the poor of America are as miserable as those of
England.
April 3.—Fifty men are entombed in a mine explosion at Zeigler, Ill. Most
of them are believed to have been killed.
April 4.—Vice-President Hyde, of the Equitable Life, accuses President
Alexander of being in a conspiracy to ruin the company, and cites as one
of his proofs the fact that Second Vice-President George E. Tarbell,
one of Alexander’s supporters, disposed of his interests in the company
before beginning the present fight.
April 5.—J. G. Phelps Stokes, the New York millionaire philanthropist,
announces that he is soon to marry a poor East Side settlement worker,
the daughter of a Russian Jew.
April 6.—In a meeting of the Board of Directors of the Equitable Life
Assurance Society, Vice-President James H. Hyde wins a virtual victory
at all points over President Alexander. The Hyde-Crimmins two-year
mutualization plan is adopted and Hyde committees are appointed to
investigate the affairs of the company.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account