New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-04-04

asked a. the witness the Equitable Insurance
influence n The Universal. Nj. Hale. who appeared
as counsel for Mr. Hyde, argued on the other
Investments FINALLY, MI Hyde Voluntarily stated that
he was not an office. OF the Universal
the stock Mr. Hustled having moved that the question
demanded record Of the vote, which resulted as fol-
lows:
NJ Hyde was excused and Mr. Moak continued the ex:
the stock Of the Universal is ownoi by the Equitable
a director the Universal; director about ten
then; the officers are William walker President; Henry
J. Fnrber, Vice President John II. Bewlay, Actuary
in the Equitable to the amount of about g. cannot
say how many persons are stockholders IN both
change OF officers in the Charter Oak, and
he of The Eqas in s %s
anty Fire Insurance Company to the amount OF about
9. and the DO neither
witness nor his company advanced any money 10
to to- '" do With Fnrber's transactions in regard
either OF those companies except to advise against
do with them not; the Equitable prooures policies
Of the Guaranty Fire collateral but they nave insured
that the Equitable shall give proportion
to the companies in its buildugsto the Hanover and to
know what proportion OF policies is held
in these companies; commission Is paid on account
from any one as an inducement for loan
deposit in or by the Equitable.
TIE EQUlTABLEs EXPENSES AND INVESTMENTS.
do not remember the of advertising last year,
but should say 1t about O,0OO report shows
S55 900. No commission paid upon it. 1t was all
paid for advertising. The company's building
cost s1.OOo.Oo0 We pay rent of offices Mt Chi
cago, Cincinnati st. Louis, and Philadelphia.
The general rents $4,000 TO $4,000; the largest
received by general agents is probably $4,000
OoO there variable paid for surrendered
policies Int cannot remember what was the per cent
the checks losses payable to the bencciaries
rule they sent to the agent for delivery the aggre
gate Of commissions paid during the year to agents was
Sill,SlO 80 and for travelling expenses some 9oOoO
these expenses we're paid only to persons travelling SH
pany, pays $4,000 for rent OF its own rooms l,
in the Equitable Building, In order to show
exactly what the building produces tS wn lSe
building over 1000: the Boston building pro-
duces gig per cent net rent none OF the rent Is paa Id
any other than by cash. we have bought up future
commissions; the returns 10 the superintendent IN
CGs the all and the BOSOM s s anG
property which we have purchased under foreclosures
The mortgage loans in 1876 were 3d. al 81
of 100000 to expenses as a sinking iuhd; we own u
aooo9 We have very little loaned on anything but
bond and mortgage.
THE ENGLISH SETTLEMENT.
the difficulty with Stephen English; had
something To do with the settlement; nothing was paid
TO English by any life Insurance company out Of the
private one and had nothing to do with any life Insurance
company. No settlement made IN reference To the
alleged libel suit against English by the Mutual The
matter purely personal one. 80
O. Was anything paid agreed to be paid Ia English,
directly or Indirectly 10 settle that matter by any one
connected with insurance cOmpaniesi
Mr. lIustfl amended the question so that II sbOulu
read Paid OF the funds OF any insurance c0nnay
To this Mr.. Hyde answered "NO." He said lac would
meet the question frankly. THE quarrel was private
ono II had reference whatever To any transaction Of
the Mutual Lfe. IL II fl -ht against Mr. winston,
who delicate health and friends privately secured
a settlement with English" 49, $1,000 -
(ResumEg )-Thr company did not guarantee $4,000 n
wear to AN agent named addCn in Cincinnati but II may
have guaranteed salaries TO some Of their agents 49,
O. Was there any arrangement that the builder OF inc
Eutabc Building snould build YOU house out oil his
contract tor the erection Of the Equitable budingt
Mr. HYDE with great indigmatOnl-NO, sir; ana all-
peal TO this committee that ought not 10 be subjected
to snch insulting questions
Mr. C0wdin and Mr.. Hustled here protested very
strongly against the question, and Mr.. Hyde very Hch
defended his character protesting tit not uol-
lar had been cg tmatey taken from the funds 0I the
Equitable Company or from the policy holders. =.
CnMdu said IL was great shame 10 ask u inn IL
he had stolen from his company, ana declared tc
questions irrelevant.
No additional testimony OF interest was adduced
Adjourned until tomorrow morning.
Mr. HYDE the stand two hours. ana was closely
questioned, and AT times in manner winch was not
deemed pertinent by several members OF the committee
but he answered every question frankly and fully sho"
ing disposition u eyade anything.