New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-11
Mr.. HYDE MAY RETURN.
MR.. ALEXANDER WORSE.
Likely to Get Subpoena after Mr.
Untermyer Comes from Europe.

Soon after the return of Samuel Untermyer his
chief counsel. who is due here from Europe on
Thursday. James Hazen Hyde is expected to re-
turn to town and receive subpoena to appear Dc
fore the legislative insurance investigation COM
mittee. Edmund D. Randolph. of the New-York
Life. and Frederick Cromwell. Of the Mutual lh1e'
will probably be the stand tomorrow "heh tle
committee resumes it's hearings
The condition of James w. Alexander, the ex-
president of the Equitable who is in the Catskiii
Mountains was reported TO be worse last night
The Past Regents and Regents Association or
the Royal Arcanum of Brooklyn mas passeu d
resolution scoring the Supreme tounch ana us
alleged improper methods and calling on 'ne
legislative committee to INCLUDE the COUNCIL III
it's investigation
The publications by the New-York Life of a
copy of a statement as to stock sales made to com
ply with Bylaw q. and filed by President mccall
prior to the opening of the first session and
the recollection that details of the TRANSACTIONS
wberebv the NeW-York Life disposed of its stock
were Immediately forthcoming to the insurance
Committee without any apparently previous lea"'''
caused speculation in insurance circles yesterday
as to whether this in liberal pursuance OF
the New-York LIES we'll known policy OF puDhcity
or whether witnesses who might have knowledge
of these transactions had been previously SUD
ponaed.
This would that all minor New-York Lire
employees who might be thought to have cosnizance
of these transactions, including George W. Ma
shall the $500 messenger, had been subpoenaed by
the committee. The statement made. after citins
the requirements Of the Prussian Insurance law
that the New-York Life should cease to invest In
or loan on stocks, mentions a list owned b4/the
New-York Life on January l. 1893. sSgregating
s4.532,OSi
The list of stocks credited at cost value by the
Insurance Department of New-York and the Prus-
sian Insurance Bureau in the examination Of octo-
Der. 1899. Includes:
Chicago Northwestern preferred ~
NewYork Security and Trust COMPANY
Chicago. Milwaukee st. Paul preferred-. sooooo
The statement continues:
Between the date of said official reports and De-
pursuant the bylaw quoted. that no stocks should
be included in our assets, disposed OF subStan-
TALLY all the shareholdngs above mentioned. with
a profit TO policyholders over cost value OF
S. 235 e5S o. We subsequently received through the
New-York Security and Trust Company an addi-
profit of 1854 135 80. being the excess realized
the Chicago, Milwaukee and st. Paul preferred
stock and the Chicago and Northwestern preferred
stock over their combined market value on Decem-
Der 81, 1901 This profit was received pur-
suant agreement whereby those shares OF
stock were delivered to the Network Security and
Trust Company, and additional amount of Sc
curities sufficient to secure the trust company
against loss also delivered to It, together with
the notes of employees of treasury department,
given this company December 81 1901, for the
then market value of the Northwestern, and the
ST. Paul. 235 and $780, respectively, and anything
above subsequently obtained for those
stocks was paid to the New-York Life.
This additional profit of Sl54, l3o so, added to the
profit previously mentioned of S. 235,sS5 0S makes
grand total profit of ,121.
It is understood that the committee will probe
further into the question of so-called fictitious
sales in certain insurance companies.