Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1905-03-30
His Opponents In the Equitable
Controversy Give Details
of the Charges
SAY HE. USED THE FUNDS
The society's Money Alleged to Have
Been Used to Give Big Dinners,
Costing Fabulous Sums Specific
Allegations of Misrepresentation are
Made.


ally charged under oath with having
misappropriated to his personal uses
| large sums of money belonging to the
Equitable Life Assurance Society,
| James Hazen Hyde, made no denial of
the serious allegations yesterday. No
Authoritative statement was made by
either himself or his attorneys in con-
tradiction of the following charges:
1. That Mr.. Hyde charged the cost
of his fancy dress French ball given at
Sherlys last January estimated at
| $4,000, to the; Equitable Society and
got the money out Of the treasury of
the company.
2. That Mr.. Hyde charged the cost
of his famous dinner given to Jules
Canbon, the French ambassador, last
November, estimated at 100000, to the
Equitable society and got the money
out of the treasury of the company.
3. That Mr.. Hyde charged the cost
of his trips to Paris and of the lavish
social entertainments he give in the
French capital to the Equitable socie-
ty, and got the money out of the treas
ury of the company.
The only authoritative statement is
sued in behalf of Mr.. Hyde during the
day was the following:
"william c. CULVER, one of Mr..
Hyde's counsel, when asked about the
statements said to be contained in Mrs.
Young's petition filed with the attor-
ney general, said that he had not seen
the petition, but that it's statements,
whatever they were, would be answered
at the proper time and in the proper
way before the proper tribunal, and
that until then there was nothing to
be said"
Statements, credited to friends of
Mr. HYDE were made, denying that he
had nlisused any of the funds of the
Equitable and asserting that he had
paid for all his dinners and dances
here and abroad out of his private
funds. Special stress was laid on the
fact that he is very rich, with abund-
ant resources to pay all his bills, no
matter how extravagant they might
appear to persons of ordinary means
The silence. of Mr.. Hyde in the face
Of the charges against him, contained
in the petition filed with the attorney
general by State Senator Bracket, was
the attitude of the other directors of the
Equitable Life. In this sworn petition
it is charged:
81. That group of the directors
bought stock in the Equitable Trust
Company at $159 share: that thru
their manipulation the Equitable Life
bought a large block of the stock of
the Equitable Trust at $500 share;
that the Equitable Life was despoiled
thereby of sum in excess of S1,S26,OOO
and that the directors in the deal
profited to the extent of about $1,000
900.
"2. That the funs Of the Equitable
Life, the money paid in by the 100000
policy holders of the company as
premiums, were used in reckless spec
ulations by a group of directors"
There was a meeting of the execu-
tive committee of the Equitable So
ciety during the day, called to consid-
err the situation which has grown out
of the petition filed by Senator Brack-
EFT and the determination of the var
ious policy holders committees to OPP
pose before the state superintendent
of insurance the plan which will delay
the naturalization of the company for
four years.
The Bracket suit is the one which
caused Mr.. Hyde and his chief advis-
ers, Mr.. Schiff and E. H. Hartman,
the greatest anxiety because of the
fact that of Senator Brackets clients,
Mrs. Mary s. Young is stakeholder,
as we'll as policy holder in the Equit-
able.
At the days meeting of the execu-
tive committee Mr.. Hyde, President
| Alexander, Vice President Tarbell,
Senator Chauncey M. Depew, and two
or three other directors were present.
What was discussed at the meeting
could not be learned.
Say Alexander Balks Denial.
One of the rumors was that Mr..