The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1905-11-17
Ex-Governor and Senator
Star Witnesses.
Ro0StvELTBARREDh HYDE
odsll Denied Story Told Young
finaneisr-Dsp Interview.
ed the President

NEW hNtkhs Nav u" TIC frhrla
lions made by foraeF Governor o.iel'
cehorFRins I.oliiicai contributions fr,ni
tho M" INSURANCE csmI,anies sud 9th
- ran,apiians have determined the
legislative INSURANCE committee h sub
ps-na uhii-i Fiai.s S-naior Thomas
a. i'laii 80 = Nitn~ss, Henaiof Plat
all h. ask~i a. testify Immediately.
farmrf isptefhnF oiisli sud senator
Chsunesy n il1-w Wefu ihr star Wit
nessos ~ The ssssisn u The INSURANCE
Investigation
John uiirhrisi, hs'ad II the securities
department u The Elniiahie. testified
that ih-fr VAS q rsinisaei lsiwcrn Che
Insurance company aud Kuhn. iSs~b a
90. between ine and iisii by which
tips'si.1 ~ dummy iaans were ear
rici hy rlsfks ~ the hsnking frm TO
d-r~l,e a. Insurlnor and banking de-
pariUruis r'saFsiing The Elulinbie's
surplus ri o.
iirnilmIn B o.i@il r.. - governor
- tho 81 NJ. ~ New YORK. testified be-.
fore llir committee that II was be- who
bad ln p.r,i The hlli. nirsiuc"i In
the s-nair sud assembly "a March 81.
iisi. a. rTscai the charter ~ ~. Mer.
camille Trns, company.
Odeil was permitted O. testify NJ bis
own request that BE- might answer the
accusation ~ James iIsgcn Hyde that
u WIS nnicr The inrnacr ~ That lrgis.
iailpn that the Mercantile Trust CON.
pans paid him sT5Osn In settlement ~
. suit growing ont ~ iossc, Ia the ship.
building crash.
odcll admitted that be- had gone be.
yond the limits ~ his legislation he
fore h. got his S75.0D lie went 60
Charles N Schwab. head II the ship
building trust. and told him TINT he
believed there was sufficient evidence
on which 10 predicate criminal prosecu.
lions.
Odell sworc that be- was aciuntei 20
prepare his legislation bearing upon
the Mercantile Trust company's char.
ter by the most exalted motivc~-the
destruction for once and all within the
boundaries 81 New York 81 fifteen or
sixteen insolvcnt corporations. behind
which the Mercantile Trust company
had stood for years.
lie denied that personal motives had
played q part In his thoughts at the
time. hut that he had dropped the leg
islation when IL became apparent Ia
him that public opinion was tending
toward the assumption that the meas
urcs proposed by Senator Amber and
Fish were the fruit Of
his suit against tho Mercantile Trust
company.
When Senator Chauncey NJ. Depew
was called he walked briskly TO the
witness chair aud gave his answers in
an unhesltating manner.
The senator declared that II he had |
his way In the matter he would have
federal and state laws f,r,lflillng cam.
Daign contributions 10y c,'pIraiions.
Senator Depew. questioned about his
salary OF 10000 year. cZplalned that
IN the time OF the eide IIy.lc he had
begun to give an hour ia the morning
and another in the sSrn'ng to the
founder Of the Equitable. bringing his
Depew'sl knowledge " securities 10
)ear to prevent the society making bad
Investments and outlining courses TO
,e pursued in litigation.
At the death of Henry Il. Hyde his
ION. James Ilazen Hyde came to the
cnator with the injunction from his
ather to continue the arrangement.
The senator said the increase of
'oung Mr.. Hyde's salary did not origi-
late with him, but he advocated it. ms
lie was young man Of very great
bllity. ms | think has been demonstrate
u in his testimony here"
The senator said he regnraed him rs
n asset to the soStStry. Moreover, tic
Dung man owned the control of the
ociety ~hd WINS being approached with
ep&pting offers to sell his stock.
= The efforts of Hyde to obtain the
French ambassadorship We're next
brought up by Mr.. Hughes.
The witness said he advised Hyde In
the beginning that there was slight |
chance for one so young to get posi- |
lion so exalted. Later, however. the |
senator talked to the president. but Mr.
Roosevelt said, according to the wit
hess, that 'the thing was impossible"