The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-11-16
HARTMANN SAW
THE PRESIDENT
But He Didn't Recom-5
mend Mr.. Hyde for
Ambassador.
.CENEREL DENIAL BY
RAILROAD DIRECTOR
Among Many Of the Foregoing
is Charge That Hyde APP
preached Hartman to
Remove Odell's Sand
bag, Forcing.
Payment.
tBy Associated Press 4

(By Associated Press.)
NEW YORK, November 15.-E. u.
Hartman. chairman Of the board Of d.
rectors Of the Union Pacific Railroad.
former member OF the board OF direo-
tors OF the Equitable Life Assurance SO.
ciety, and connected with many railwayas
and financial institutions. the formss
friend Of James Hazen Hyde, against
whom the latter charges acts OF an
unfrlendly nature in his testimony yes.
terday, was one OF the chief witnesses
before the Armstrong Committee on In-S
surance Investigation to-day. ;5s (. I3.
Mr.. Hartman was called immed atelY
after recess. and his testimony was .
series Of denials OF the charges made
by Mr.. Hyde. Contrary to Mr.. Hyde's
statement. Mr.. Hartman said Mr.. Hyde
came to him about year ago and asked
him to use his influence to have him
appointed ambassador to- France Mr.
Hartman said he would speak to Pres
ident Roosevelt when he saw him, but
added that while he did so, he did not
recommend Mr.. Hyde for the pest. I;
No Danger Of Repeal.
Upon Mr.. Hyde's testimony relative to-
the settlement OF the Odell suit being
read to him, Mr.. Hartman denied that
he. had suggested to Mr. Hyde any; dam
ger Of repeal Of the charter Of the Mer-s
camille Trust Company, directly or II In.
directly, and stated that Mr.. Hyde came
to hinr and asked him to use his u ina
5fiuence with Mr.. Odell to ward q settle.
sment Of the suit. Mr.. Hartman explain-s
ed that he wanted Mr.. Hyde s indtvidua
signature to the syndicate agreement
OF the s50,O00,0oO Union Pacific pool. be-
cause no syndicate wants a corporation
as a member.
No Hold Up BY Odell. S
In reply to Injuries by Mr.. Hughes,
Mr.. Hartman said Governor Odell did
not tell him that a bill had been lntro-
duced in the Legislature to repeal the
charter of the Mercantile Trust Com
pany and that his first intimatIon sof
this came from his counsel to-day. n 5s
Did You say anything to Mr.. Hyde b
in any OF these Interviews as to the de- a
STABILITY of settling the suit because OF
the power that might be exercised against n
the company at Albany?" asked Mr.. N
Hughes. RI ri
mo. sir
did you make any mention to Mr..
Hyde of any attempts that had been or K
might be made to repeal the cha rtes AZ
to tho Mercantile Trust Company?'' 3ls "a
mo, SIR" s34 s38
Mr.. Hartman said that he made no
reference to the advantage OF a settle-
ment In order to avoid an attack upon
tho company, and that Governor Odell
did not request him to use his influence
to obtain q settlement of the claim. Gov
ernor Odell. Mr.. Hartman said, had no
interview with him to bring about set 4
tlement, but the request came exclusively
from Mr.. Hyde ,5ss8.
Denials With Big d.
a portion of Mr.. Iiydes testimony. In v
which he said Mr.. Hartman had sug.s
gested to him that an effort might Be
made TO repeal the charter of the Mer-
camille Trust Company was then read
TO Nj. Harrlmln, who said that he did 4
not make such .pt<-.rnn vi IlS.le.
Mr.. Hartman also tloniei having sail to 4
Mr.. Hyde, as Mr.. Hyde had TESTIFIED. #
nat there was pnsalbll.y OF I.ownrflls
interests at Al3l,.v doing harm to the "
NJ Mercantile Trust Company and declared
that he did not know = any rurnor that
bill was in:.atluced To rereal that
w,
He justified this because It was dim
than one individual represented the Same
interest. He denied that he ever advised
Mr.. Hyde to sell his stock until after tho
report OF the Frck committee, and said 81
he had offered to subscribe $500 900 to as
sist Mr.. Hyde In retaining his stock,
Mr.. Hartman said the Frlck report
never mentioned the Union Pacific deals
specifically, but included It, under thu
general statement. that Mr. Hyde had #
committed the society In unwarrantabIes y
without the knowledge OF
the committee. Mr.. Hartman thought It
perfectly proper for the Equitable to buy
Union Pacific under an agreement to a
hold 1t for Ave years. He did not know
that It was Mr. Hyde's personal money
in this deal, and always supposed 1t WIS
tha OF the Equita BILE.
Witness also denied that he had re-
1uested that the Executive COMMITTEES
% not informed of this deal and when
Mr., Hyde's testimony on this point was
-ead to him. no replied that "he did not
Had Defended Hyde,
Mr., Hartman said that early in the
Equitable troubles he had Offended MT.
7vde from attacks, and had advised him g8
to move the adoption of the Frick re-.
bort, telling him that he would stand
~ him through thick and thin. n
Mr.. Hyde was the first witness " the
lay. He told OF four offers for his stock. #
besides that OF Mr.. Ryan, to whom ha
sold. These offers We're made by Mr.Ns
r'r'c' and Mr.. Harrinpen. by George #
Gould by George b. Tarbcll. representinas IA
j syndicate. and by George w. Young,
These were made verbally, and tho larg-s
est was made by Mr. Young. former
president OF the United States Mortgage Il
ana Trust Company. who offered y, ,oo0,- .:
300. Mr. Hyde said he declined all theaA 3s3
offers because he did NOT th'nk " ~ Ssss
he m best interest OF the society TO acaept
any OF them.