The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-11-03
Interview with MIR. II. n. Hyde Of the Eaui-
tablc.

oaks viii last THOUSAND years.
Interview with MIR. n. u. Hyde Of the Eaui-
table.
Mr.. HYDE was found seated in his pala-
tia ONCE busy bee. The business ia hand
was entered upon at once, as follows
Reporter-Do you nnd a general feeling Of dis
trust In the public mind, directed especially
toward savings banks aud life insurance com
paniesr
Mr.. Hyde-we ell. don't like the classification.
think the life insurance companies are bet
ter on than the savings banks appear TO
be. Naturally, the failure OF one company
calls attention to the management OF others.
Yes, think there Ia very widespread sppre-
hension. sun, men Of reflection make TIE
proper discrimination between the good and
the bad. the strong end the weak.
Reporter-How Hre people To know which Is
whion
MIR. Hyde-Bv applying common sense tests,
as they would In any other matter under inyes-
Of experience and abiltty-men in whom the
public have confidence, men who would apply
sound business rules to their business.
pcnSive apcnts2
Mr. HYDE hats comprehensive question.
Our cency force Is yerS ree in the Northern
States-we do no business at the South-but the
az nts are entirely paid by commission. IL they
rrine Us business We very gladly psv them
commission. sometimes we allow ~ DER cent.
penses. We Ruai .inles no salaries TO tueni. II
they bring us paying business. they are paid If
not, not.
Reporter-what are your assets2
nr; hyd .,- e'r5y-one millions Of dollars: OF
in New YORK state. In masking these Ions
we bre specially careful. Our Nm nee commit
tee. aided by cur own appraisers Investigate
every piece 81 property offered We oan all the
way from 8lS per cent To Jper cent. according
ihproved property and none other. j suppose
we average in tne neiehDorhood OF forty per
cent.
R-porter-IIave the hard times compelled
| Mr.. Hyde-On. yes. We always make II AS
easy for tue Il orig gees a. possible but ia times
| like these, OF necessity there are many fore
! closures. We have uern very fortunate in this
/ direction. and although We may In time be less
so mus FAR VIZ have made rather than Lost 90
| foreclosures.
Beporter-Do you anticipate more failures or
Mr.. Hyde-Yes. The Attest Will Of course sur
] viye. Weak companie, must 20 unuer. Oar
! hest Insurance companies. however, viii COM
pare iavoranly with the best institutions in any
| other llno Of business.
Reporter-W here shall We look for the test Of
the be.tt
reports sent IN to the state Superintendent
| This. with a fair knowledge OF the men re-
OF doing business. should afford even ordinary
| minds ample test by which TO tell the best. IL
/ panies do rot understand their business thay
VIII bring disaster upon their institutions mere
RsporteI-But Is there no oficlal mode VI
| tesungf
h,s tiirrstIon sx,rine. The seti,s ~ ali ina
| companies We nave been examined twice,
| once by the Massachusetts Commissioner ana
once by tue New 1ofk superintendent lie
| knows where TO go ana what to do.
! Of any of heir mortgages
Mr.. llyde-Not at pre- emit We have no OBJ
iactiona Il, do 40 mn none have been offered ~
III Ne AR. uarticularly careful to comply
| with Ia. Law, Of the state which prescribe ia
I az trt term, now va can invest money AS fol-
lows:
| ,..,- 49, .. 80 -. ,.o, ..a, .s,.,.
bonus ahl nioI ,gasrsi on va" ~ 10
and i INN ffty mics ~ the cit 81 " Y1rS also ON
unno un0credIca estate ia a4lcont states 20 theeN
tent If The COMPANY % lisntiohs within such stat
snch iea t-iNt be worm % per cent moie 'nan vac
orot an, peot tS en- II, ' Sic II , love
mar and any .ttcAl created ~ the laws the e,
That shaii be al the time Of sucn Investment AZ mar
A.t talue ~ ,he eiy u Ne" ors AZ OF s.3Ns nal m
atVv@s "i Y'oI 9,s,uS ", on nnl tnfp , r
va ii thr otp'umt ~ inye,tcd does not exceed 'the
amount Of me con panys oD igutlOns ~ euch states
Once budding 49, ,...,..... 80. $780,.
5. Real estate purchased under foreclosure OF taAen
IN satisfaction 81 ue-''
Reporter-ln spite 81 AZ this security, there
appears 70 he Cohsluetapie auAcll ahoug
! pohcY holders hS 10 the coilullloh u tht nc
ass4rAnoe compaIies, the Iai al oi saNtns'
banks snhhlhx Suhhu1hce ~ ~, siu,in ,"e'''u-
tions. D SoI iesl this IN your business
MI iNue-Ne -anilo, w, nu,,.e 10y , ~.
sionai uoubts ekpleise1 py tug pref anu WIZ"
are perm ps nAtuIai uiHe' Wy % ,cT
ana ouEnt u 20 npllteu, q 70 pIin.e, Srrnnrs,
we near iaW eAptessIons "a ~ Ins,it,nca cam
are unuoupleuiy' 49, y an, nanIs Noone.
phncs az thclo ~ -, ,,,,,',t1, "a institnt,nns
EpNeNer' H omo,S t"o tnSs. RanL or The old
u nn tlv ,s,r a. nj, nr lie Itn,y"iv ltank nnd
80, ,h NJ. s,,,e 80 tbhore are n roodly num-
y" - iiTa tns,, .nc. cnnrantaa wnnao nfaIrs
uui a, t,'rd III i,,,,,ar ~ dtsaster no
~, NJ "i.ohp.no S,,'rss ~ rnnerlv cnnd,ic