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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (April 22, 1905)
$mtm VOL. XLV. IsTO. 13,844. PORTLAOT, OREGON7, SATURDAY, APRIL 22, 1905. PRICE FIVE CENTS. Jft SPAN'S ANGER BEGINS TO BOIL Has Absolute Proof That Rus sian Fleet Uses Kamranh Bay-as Naval Base. IS BITTER-AGAINST-FRANCE May Gall on "Britain for Aid Because France Has Helped Russia. France Induces Russia to aOrder Fleet to Move On. BRITISH rXEET GETS READY. SPECIAL CABLE... HONG KONG. April 22. Great Brit ain Is preparing: all of her ships in these waters for sea ecnicc. The armored cruiser Hague Is getting ready to go' to sea. on two hours notice. These facta are rignlficant. owine to Japan'B charges that France has vio lated Tier neutrality by allowing; the Russian fleet to lie In Indo-Chln'eee wat ers 'and a demand of the Japanese press that Ensland aid Japan in case Franca openly violates neutrality. SPECIALi CABLE. TOKIO. April 2L The situation, in so far as France and Japan are concerned. Is still most serious, and the' Japanese government is by no means satisfied with the disavowals on the part of France of Jtussla's-action In using Kamranh Bay as a naval base. Tho protest forwarded to France has been answered in a manner that has displeased the Cabinet, and it is expected that the Tokio government will Issue a note to the powers calling atten tion to what will be termed an absolute disregard of neutrality. Information has been received by the Japanese government from an absolutely reliable source that the main Baltic fleet is at present anchored in the inner har bor, taking on board large quantities of supplies, ammunition and coal, and exe cutlng such repairs as were made necos sary by the long Voyage from SL Peters burg Divers have scraped the hulls -of most .of pbjjm. md thiy have been plas"l v.nutIon for bat.tle. Scoutshlps patrol rhc coast and watch for the Japan ese fleet, and to all -Jntents'nd -purposes Kamranh Bay is at present a Russian naval base. Tho feeling against France is Intensely bitter at the War Office and at navy headquarters, and it would not be surpris ing If the forthcoming note was couched in vigorous language. It is pointed out that Russia aeked China for a port, and that the latter nation refused, with the result that France was called on, and, de spite her protestations of neutrality. placed no obstacle in the way of Russia In securing a base In the China Sea. In so far as the French claims that the French fleet In the vicinity is not strong enough to enforce neutrality are con cerned, Japanese officials declare that, if the French Admiral had demanded that tho Russians move and the Russian com manderhad refused, this fact cabled to Paris would have resulted in France being placed in a better light before the world Even had the French Admiral been forced to reeort to force of arms, the Russian commander would hardly have resisted, as the sight of a French squadron cleared for action would have brought Rojest- vensky to his senses. The next developments of the case are expected in London, and It is oxpectcd here that England will soon have eome thing to say on the treatment her ally is receiving at the hands of France. Under the troaty between Japan and England the latter nation is pledged to aid Japan should a se'eond power take a hand in the war, and the Japanese strategists claim that France's action In giving Russia a naval base amounts to an act of hostility. FLEET ORDERED TO MOVE ON v Scared by Japan's Protest, France at Iiast Enforces Neutrality. PARIS, April 2L Following close upon ,the heels of the complications with Ger 'many over Morocco, the Franco-Japanese Incident has suddenly assumed serious proportions, and unusual energy was shown in preventing its embroiling France In complications In the Far. East. In order to secure definite co-operation among three departments of the gov ernment. namely, naval, colonial and for eign, a conference was held this after noon among leading representatives of each department. This brought about clear understanding regarding the meas ures necessary for the maintenance of neutrality of Indo-Chinese waters, and orders were sent to Governor-General Beau to specifically report the exact lo cation of the Russian second Pacific squadron, and whether It had or had not withdrawn from French waters. Communications with St. Petersburg led to orders being transmitted by the Rus slan government to "Vice-Admiral Ro jestvensky to vigorously respect the neu trallty of French waters. It was even stated that Foreign Minister Lamsdorff would carry the question before Emperor Nicholas in order to assure complete re spect. Probably the most significant develop ment from the energetic measures adopt ed was the receipt of a dispatch from Saigon, saying that imperative orders had been given for the disarmament of tho Russian cruiser Diana, which sought ref uge in the harbor of Saigon eight months ago zor purposes or repairs, xne mam portion of the Diana's machinery must now b handed over to tne rrencn naval authorities at Saigon. Thacit'bate In-the jCizmbcr. of Deputies oftthequesuon.of?neutralltjrj was postponed owing to the icicasseran- nouncement. The only 'reference to . the subject -was the Iriouiry by Deputy De- loncle and the' brief reply from Premier,. Rouvler, -who said: "Formal, precise and repeated, orders .have been given our agents in'Indo-Chlna to assure the absolute neutrality of France in Indo-Chinese waters." It was stated at the Foreign Office late this afternoon that no representations of any kind had been presented by Great Britain concerning neutrality. At the same time it is anticipated that some such representations will be made. The fact that the British Ambassador. . bir. Francis Bertie, has given up his Easter holiday andfwIU return to Paris tonight after a conference with Foreign Secre tary Lansdowne, appears to. support this view. However, the cordial relations ex isting between France and Great Britain would doubtless modify any representa tions so as to relieve thom from serious significance. Anything like an energetic protest from Great Britain at this time would deeply wound France, who relies on the Anglo-French entente as a counter poise to Germany's menaces .ovor Mo rocco. RUSSIANS PRAY FOR THE FLEET It Has Sailed for Vladivostok and Is Nearlng Togo. ST. PETERSBURG, April 22, 2:40 A. M.' Reports are current here that the Rus sian second Pacific squadron has already left Kamranh bay and is on the way to Vladivostok, but the government will proceed with action on the Japanese pro test as if the squadron has not contin ued Its voyage. A special service was held in the Ad miralty Church yesterday to offer pray ers for the safety of the squadron and Its successful arrival at Vladivostok. The service, was attended by High Admiral Grand Duke Alexis, Admiral Avellan, chief of the admiralty, other prominent naval officials and a distinguished con gregation. CRUISER DIANA MUST DISARM France Gives Long-Delayed Orders Regarding Russian Ship. SAIGON, French Cochln-Chlna, April 2L Orders have been given for the dis armament of the Russian cruiser Diana, which' took refuge under one of tho coast forts in August, 1901. She has undergone important repairs to essential portions of her machinery, which now will bo handed over to the French authorities here. Dispatches . under date of September 6, 1904, stated that the French minister at Tokio had Informed the Japanese gov ernment that the Russian cruiser Diana, which sought refuge at Saigon on Aug ust 10, would disarm. It appears from the foregoing dispatch that tho disarma ment was not effective- at the time pre viously indicated;. " NO ANSWER FROM ADMIRAL. Orders to Respect Neutrality "Will Be Slow Travelprs. ST. PETERSBURG, April 22. No repiy is expected irom vice-Admlral Rojestvensky for several days relative to the Instructions to him to respect the neutrality of French waters. Admiral "Wlrenius stated last night that Rojest venskys telegram announcing his ar rival at Kamranh Bay took four days in transmlsson. Admiral "Wirenius added that he had no idea of the present whereabouts of Rojostvensky, but that he believed he had left Kamranh Bay. In any case, ho said, at this season territorial waters offer no great advantage, because the weather is good and the soa calm. RUSSIANS TAKE AGGRESSIVE. Prepare to Invade Northeast Corea and Block Road to Vladivostok. TOKIO, April 21. It is reported from various sources that the Russians are concentrating their forces in the vi cinity of Possiot Bay and are planning to cross the Tumen River and then move southward into Northeastern (Concluded on Filth Page.) FRENCH FOREIGN MINISTER WHO THREATENS TO RESIGN THEOPHILE BEEGHfiSE ILL - STAY IN OFFICE Threatened to Resign Because . of Policy. Toward Ger t many. and Japan. OPPOSED CHANGE 0F FR0NT Japan's Protest and Kaiser's Action . in Morocco Cause Dissensions la French . - Cabinet Socialists Are Against Russia. SPECIAL. CABLE. PARIS, April 22. Foreign Minister Del casse has withdrawn his resignation which was tendered at the cabinet meet ing yesterday afternoon. It was pointed out to him that, if he persisted in re tiring, his action would precipitate a crisis and that the government must fall. Inasmuch as his associates in the cabinet did not desire to continue in office were he to retire. M. Delcasse finally decided .to bow to the will of his fellows and withdrew his resignation. DELCASSE OFFERS TO RESIGN Reversal of French Foreign Policy Causes Cabinet to Disagree. PARIS, April 2L After a notable serv ice of nearly eight years in the division of foreign affairs, Theophile Delcasse to day Informed President of the Council Rouvlor of his desire and intention to resign. This announcement came as a surprise and shock-to M. Delcasse's coV leagues of the Cabinet, who immediately took step's to endeavor to secure a recon sldoratlon of his determination.. A Cabinet council was held this after noon, at which M. Rouvler, in the absence of M. Delcasse, laid tho situation before tho Ministers. It was the unanimous de termination of the council that the In terests of the country at this time re quired that M. Delcasse retain the port folio of foreign affairs. Accordingly, at the conclusion of the council, M. Rouvler proceeded to the Qua! d'Orsay. where he held an extended conference with the Min Ister of Foreign Affairs. The president of he counnll, voicing the wishes of Pros ldent Loubot and the 'Ministers, earnestly besought M. Delcasse to retain his place in the Cabinet. It is evident that M. Rouvier's earnest appeal caused M. Delcasse to waver in his determination. When the president of the council came from .the interview ho stated to his colleagues that he bore a favorable impression of its results. M. Delcasse, he said, had given no final an swer, but had promised to reserve his de termination until tomorrow, when a final answer will be given. It Is believed that M. Delcasse will yield to the Insistence of President Loubet and the president of the council. The motives leading up to M. Delcasse's sudden determination to retire from the Cabinet are primarily attributed to inter nal controversies over the Moroccan ques tlon; and this to some extent has been accentuated by similar controversies over French neutrality in the Far East. The opposition has been quick to seize upon both questions, and, headed by Socialists and Nationalists, has directed its critl cisms against M. Delcasse. The Socialist criticisms have been particularly vehe ment during recent days on the Moroccan question, and this appears to have Anally decided M. Delcasse tQ surrender the question into other hands. It is felt that his retirement now -would be hailed in Germany as a German triumph, and is one of the main considerations leading M. Rouvler earnestly to appeal to M. Del casse to romaln In the Foreign Office. The news of M. Delcasse's intentions OELCASSE. made a profound impression in the Cham ber of Deputies, where it was first re ceived with incredulity. Later, however. when M. Deloncle (Republican) questioned the government upon the neutrality ques tion, and M. Rouvler replied Instead of M Delcasse, it was realized that the re port had solid foundatldn. " Several depu ties stated that M. Delcasse had sent a letter of resignation to the president of the council, and that M. Rouvler had de clined to accept it, saying that he would be obliged- tp present it to the Council of Ministers It was as a result of this presentation to the council that M. Rou vler persuaded M. Delcassse to withhold his final decision until" tomorrow. MOROCCO CAUSE, OF TROUBLE Delcasse Policy Set Aside In Molli fying Germany. WASHINGTON. April 21. Diplomats In close touch with European 'chancellories hold the opinion that Morocco, more than the menace to French neutrality in the Far East, is responsible for the threat ened retirement of M. Delcasse, the French Minister of Foreign Affairs. It 4s learned that France has Informed Ger many that nothing could. have been fur ther from her Intentions than to Injure German Interests m Morocco, and even has gone so far as to say that the French position there not only -furnishes a pro tection to the commerce" of other nations. but insures rather than threatens the In tegrity of Morocco and thereby tho main tenance of the status quo which was the especial cause of concern to the Berlin Government. So satisfied is Germany, It is said, with the attitude of France, and so different is that attitude from what Germany be lieved, that it is believed here that Berlin and Paris are approaching complete ac cord on; the subject. European advices Indicate that Germany's suspicions were aroused by the apparent unwillingness In the past of the French Government to discuss Morocco, even when the subject was directly brought up. It Is thought here that this change in conditions may account for the fact that M. Delcasse has gone so far as to contemplate retire ment, f In the diplomatic corps here M. jsDel- casse long has been regarded as one of the few world diplomatists of today. HOPE DELCASSE WILD STAY. British Statesmen Say Fall "Would Be Victory for Kaiser. LONDON, April 22. It is a long time since the fate of any Foreign Minister has been watched with such keen atten tion in Great Britain-as that of M. Del casse Is t6day. Part author of the Anglo- French entente, M. Delcasse, by his long and skillful conduct of foreign affairs,; has come to be regarded here as the em bodiment of the new era of stability In French policy which ha raised France t.o position of such great influence in Europe, and the possibility of his disap pearance is the subject of editorial arti cles in tho morning newspapers express ing regret. it is unanimously admitted that his downfall would be a great victorv for th German Emperor, and the strongest hopes are expressed tnat M. Delcasse will con sent to reconsider his decision to retire from the French Cabinet at this, time, when so many delicate questions of policy, such as Morocco, Far Eastern neutrality. eic, are requiring the ablest man at tne helm. CONTENTS TODAY'S PAPER She Weather. TODAY'S Probably lair. Northwesterly wmas. YESTERDAY'S Maximum temperature. 75 deg; minimum, 30. Precipitation, none. The War la the Par Eaat. Japan bolls with anirer at French violation of neutrality. Page 1. Proposed demand that Britain help Japan la consequence of French action.. Page 1. British fleet at Hong Kong prepares for sea. fage l. France orders her Cochin China officials to enrorce neutrality. Page 1. Russia, orders Rojestvensky to leave Kam- rann Bay. I'age 1. Russian fleet reported on way to Vladivostok. i'age 1. Russians more to Invade Northeast Corea. rage 1. Russia. Congress of Page 1. Journalists adopts platform. Socialists .plan reform demonstrations for every city. Page 1. Wltte receives another enub. Page 1.' Polish rebels attack two officials. Pago 1. Foreign. Delcasse offers resignation z& French Foreign Minister, but withdraws It. Page 1. Crete' demand for union with Greece stirs up Bulgaria. Page .5. The Equitable Dispute.' ' Hyde replies to agents and denounces bis enemies. Pase 1. Governor Hlgglns and Superintendent Hend ricks address agents" committee. Page 1. Policy-holders sue la Federal Court for re ceiver. Page 4. Nsiioc&l. Hitchcock dismisses officials in Indian serv ice for corruption. Page 5. Canal Commission buys big locomotives and cars tor railroad, page o. ' rolltlcs. Brysn talks on Democratic policy and pros pecta. Page 3: Plan to elect Roosevelt Mayor of New York in 1910. Page 3. Domestic. Fire-SnCanadian convent causes 14 deaths. Page 4. Senator Q. H. Piatt of Connecticut dead Page 3 Beet trust grand Jury investigates sausage business. Page 5, Rock Island tries to get control of Union Pacific. Pace 3. Chicago teamsters threaten general strike. Page 4. Joreph Jefferson grows worse". Page 3. Accused confidence men on way to Port land. Pace 5. Pacific Coast. Igorrote chiefs leave Seattle with Dr. Hunt for Portland. Page 7 Idaho druggist gives young woman a doje of strychnine by mistake. Page Klamath Falls lots have risen in value In prospect of Government irrigation. Page 7 "Woodmen elect I. G. Boak, of Denver, head consul; other officers chosen. Page . Commercial and Marlre. Famous Muecke- lot of hops sold. Page 13. Shipments of California cherries to Portland begin. Page 15, Trade reports on whole show satisfactory conditions. :Tage 15. Oregon state butter brand in hands of cream ery men' Page 15. . Active wool', market- In Eastern Oregon. Page 15. Attempt '..will . beiroAdriMoaday-i-tftfloat, HM STATES HIS POSITION Tells Agents Whole Story-of - Equitable Troubles and Assails Enemies. SCHEME TO DRIVE HIM 0UT Every Concession' Used as Basis' for Further Demands Tells Agents to Mind Their. Own Business and -Resents Butting. In. NEW YORK, April 21. James H. Hyde tonight Issued a statement In reply to that of the committee of agents of the Equitable Life Assurance Society- which waited on him yesterday. In this state ment he says: I feel that I have been treated with great Injustice and that no one has so serious cause for complaint as I have. So far as any good results could be served b the resignation of any officers respon sible for the Injury which the society has suffered, and Is doubtless to suffer in the future, your report Is misdirected. , In view of the concessions I have been wanting to make for the welfare of the society, I resent your misguided, action. taken in utter ignorance of the true sit uation, of which you cannot possibly have accurate knowledge.. Your request, per haps unwittingly on your part, is merely anoth'er move In the campaign of attack originally devised. When the real facts are known, to the policyholders, I be lieve that all right-minded men among them will be a3 Indignant as I am at the methods that have been employed by my enemies for their own ends, in pursuing which they have not hesitated to sacrifice the best Interests of the society and to disregard the proper protection of the pol icyholders. Your action, instead of fur nishing a solution of the present un fortunate situation, renders the difficulty more acute. It is regrettable that in this situation tjie convention of managers did not take advantage of Its opportunity to become a factor in promoting honorable peace. "I assume that you have been kept in formed through the newspapers of' the assaults that have been mado on me. but I doubt wh'ether you- haVe,1emtofa of the efforts I made b avoid the injury to the society from these attacks. Tells How Trouble Began. "You probably know in a general way of the circumstances under which I was hastily summoned to the offices of the president by telephone from the country, on the eve of the annual meeting, and shortly before the expiration of the trust under which my stock Is held; that I was there confronted, without previous notice or warning, with a memorial of officers and employes, which had been secretly circulated and in many instances signed under coercion; that my immcdlato retire ment was demanded under threats; that I peremptorily refused to retire, and that such refusal was followed by the imme diate submission to the board of directors of a demand for my retirement and for the practical disfranchisement of the stock of the society. It may surprise you to learn that the leaders of this attack upon me and the society have persistently dis claimed responsibility for all of the news paper publications assailing me and de faming the society and its management. The plea of mutualization was a mere sham, under, cover of which It was de signed by these leaders to wrest the con trol of the society from the responsible hands of the most representative body of directors in the country and to transfer it to their own grasp through the use of theagencies as instrumentalities. I can understand the desire of your body for mutualization. but I have never believed, and I do not believe, that a sys AGED SENATOR WHO DIED LAST-NIGHT SENATOR OltVTLLE IL tem of control which virtually places the agents over, the directors, and officers Is sound in principle. At.' the threshold of this matter, and before, any public contro versy had arisen. It was, however, urged upon me that there was a general desire upon the part of the policyholders that they be giyenthe right to vote for direct ors. Therefore.' notwithstanding my own view on the subject, and in 'order to meet this desire of the policyholders and to give time for the careful consideration of 'the proper method, of bringing this about, I offered .to place my stock In the hands of trustees for five -.years, to be voffed in accordance with the directions of the board of directors. I could hardly have given a stronger evidence of my so licitude for the welfare of the society. This offer was not accepted. ;The authors of tlie conspiracy made Impossible de mands.' Finally, although I was advised by eminent counsel that the power of con trol of the stock: could not be lawfully taken away without the consent of its holders, either by the .board or by the legislature, I' consented, so far as my stock was. concerned, that the policy- holders-should elect 23 of the 52 directors of the society. Concessions Used, by Enemies. 'This concession was intended for the benefit of the policyholders, but In praa tlcal effect, as I then feared and now be lieve, It was the purpose that any conces sions by me should be utilized for the benefit and account of the instigators of this movement, who proposed to erect a constituency of agents to control the votes of policyholders. This belief Is confirmed by the extraordinary proceedings at your recent meetings In this city, In which the power dominating, the meetings was quite apparent. "Although it was represented that this Important concession would assure perma nent peace for the society. It was followed by new demands, to which I again ac ceded. In the belief that faith would at last be kept and peace restored. Then I was told that these concessions which bad been secured from me because of my loy alty to the society and on the repeated assurances given to the board of directors and to me that they would. If granted, be accepted as a complete settlement, were simply a means to an end. and that tbe warfare would go on until I should be forced out of office and the voting power of the stock, which had been expressly reserved, should be completely destroyed. "It Is evident that I have been design edly tricked. ThU3 far I am the only per son In this controversy who has made any sacrifices. The others have no such sub stantial Interests In the society, and noth ing to lose by this warfare against Its prosperity. I now know that those sacrl flees which I have been deceived into mak ing have been simply an encouragement to further attempted Invasions of the rights of stockholders. As a fitting phase of these proceedings you are, at this June ture, gathered here from all part3 of the country, and, under tho exciting influences of false rumors. Induced to pass unfortu nate resolutions without so much as In forming yourselves of the facts of the sit uation. Agents Are Butting In. "I am Justified in further reminding you that the matters upon which you have as sumed to act are matters not for your consideration and action, but for the con sideration and action of the board of di rectors of the society. These matters are now in their hands, and the facts relating to them are being definitely ascertained by an investigating committee appointed by tho board. To tho board and to tho committee I have made a number of com munications, stating tne racta ana ex pressing my views upon these subjects. I do not feel at liberty to further dlscusn them also to you. I can only say I think you are making a mistake in the course you are following, and that your duty to the society requires you rather to submit loyally to the lawful direction of the board of directors than to associate your selves for the purpose of stirring up fur ther strife and endeavoring to override and frustrate the action of the board. "While I Tesent and I am Justified in resenting your mistaken action toward me, I am by no means indifferent to your good will or callous to your hostility, and I trust that in the future of the society's affairs I shall be able to gain for my own part in their administration the support and approval of the men who have now so lntemperately misjudged -me. Yours very truly. JAMES H. HYDE." Chaffee on Inspection Tour. OKLAHOMA CITY, Okla., April 2L Ueutenant-General Adna R. Chaffee ar rived here today on a .tour of Inspection of the Southwest. H will be accompanied from here by Major-General Sumner, commanding the Southwestern division. PIATT OF COXSECTICCT. mnr views ON EQUITABLE Concerned More in Interests of Policy-Holders Than of Any Others. TALKS FRANKLY TO AGENTS Committee of Agents Also Gets As surances From Commissioner Hendricks Suit for Iteceiver Begun in Federal Court ALBANY. N. Y.. April 21. The crisis in the affairs of the Equitable Life As surance Society was laid before Gov ernor Hlgglns at the executive chamber this afternoon by the committee cf thirty-five of the managing agents of the society which earlier in the day at Syracuse had made the same appeal t: mutualization of the society to Super intendent Hendricks of the State In surance Department. The views of the agents were presented to the governor by John Bowes, manager for the Equit able at Baltimore, Md.. as chief spokes man. The agents also presented to the governor the resolutions adopted earlier In the week by the agents' convention In New York City. Governor Hlgglns made very evident his appreciation of the great seriousness of the situation in the Equitable So ciety." His reply was greeted with ap plause. He said that the governor and legislature had not the power to settle the Equitable difficulty; that the matter was in the court, properly, he thought. He continued: "I do not feel at the "present moment that I can assure you as to whether the time will come In the Immediate future when it will seem to me wise to com municate with the legislature and ask it to pass any particular bill In refer ence to the Equitable Life, but I can say to you this, with the utmost frank ness and sincerity, that at all times I shall be interested more in' the interests of the policy holders of the Equitable Life Assurance Society than la the in terests of any other person or party con nected with It And If I come to the conclusion that I can further the Inter ests of, those policy holders, if I should come to that conclusion, ybu can rest assured that no act will be left undone by me that will bring about better con ditions for that society." HENDRICKS MEETS AGENTS. Declares for Mutualization and Ex clusion of Dummy Directors. SYRACUSE. N. Y., April 21. Preferably mutualization, the turning over or a sub stantial Interest to the policy-holders, or some other remedy to relieve the embar rassing situation In the affairs of the Equitable Life Assurance Society, was the burden of the request made of Superin tendent of Insurance Francis Hendricks by the committee of general agents which laid their wishes before him here today About 40 members of the special com mittee of 72 appointed at the meeting cf general agents recently held in New York were present at the conferenco held at noon in Mr. Hendricks' office, at the State Bank of Syracuse, of which he Is pres ident. Among the prominent agents pres ent were: TVyman Ellis, Helena, Mont. "W. S. Bowen, Albuquerque, N. M.; J H. Allenberg, Spokane. Joseph Bowes, of Baltimore, was spokes man of the committee. To Mr. Hendricks, the state superintendent of insurance, Mr. Bowes reviewed the action of the agents of the company In favor of mutualization, and then made an address. He declared the agents are in position to know what policyholders wanted. The prevailing con ditions have alarmed the policyholders, ha said. The original plan of the founder, he said, contemplated mutualization. "For the first time the question of own ership of the vast surplus ha3 arisen," he said. "The time has come for tho change, when the society can no longer be re garded as the patrimony of one man. I am informed on reliable authority that 38 or 40 directors do not own the requisite amount of stock required by tho charter. . There is no animosity among the agents against Mr. Hyde, but a change must be made to deprive him of tho Immense power he wields. "Mr. Hyde's elevation was du to senti ment because of his descent from tha founder. For five years he has been watched, helped and forgiven, until senti ment has been exhausted." E. A- "Woods, of Pittsburg, president of the agents, next addressed Mr. Hendricks. He told of the immense tangible interests of the agents, and declared that under the present system of control the Equit able 6tock could be transferred to a party even more dangerous than Mr. Hyde. The agents were opposed to any change which did not conserve the Interests of policy holders, and had suggested a committee of policyholders as trustees, appointed by President Roosevelt, or to designate ex-President G rover Cleveland, or a 'com mittee of college presidents. He believed adverse legislation in other states could be prevented by prompt action in New York. Archibald Haynes, of Portland, Me., fol lowed with similar remarks. In his reply. Mr. Hendricks said: As far as the mutualization of the company la concerned, I have already expressed myself very clearly. I am very much in favor of that outcome. I am not sure, however, that you can obtain tho Tellef desired by legislation. Of couwe, I speak to you aa Superintendent of Insurance. You know I uave no control over the Legislature and cannot say what that body' will do. The question has got to -Concluddcn Fourth Tas.)