The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-05-12
HENDRICKS QUIZ A SURPRISE.
MORE SEARCHING THAN EITHER
EQUITABLE PARTY EXPECTED.

n. Rogers winthrop on the Rack YesteF.
day-FOuF Men Needed 20 Lug IN
Documents 49, DepeW Preparing 20
Explain His s7B 900 yearly salaFy.
H. Rogers Winthrop, the young assistant
secretary and financial manager Of the
Equitable Life. was the third officer Of the
society examined by State Superintendent
Of Insurance Francis Hendricks, assisted
by his counsel. Congressman NJ. +. Driscoll.
Supt. Hendricks yesterday put Mr. Win
throp through an ordeal Of questioning
fully as severe as that 20 which Vice-Presi-
dent Hyde was sub iected on Wednesday and
President James W. Alexander on the day
before With the exception Of an hour
at lunch time. Winthrop was on the stand
from II O'Clock In the morning until In
the afternoon yesterday.
There were a few personal questions
which Supt. Hendricks wanted to ask Mr..
Winthrop. He wanted 10 know. for instance,
whether II is true that Mr.. Winthrop, with
scarcely any business experience, vas put
into Office by his friend Mr.. Hyde az yearly
salary Of $4,000
The Superintendent wanted TO know
also whether the charge is true that Mr..
Hyde uses a large part Of Secretary Win
throp's time in matters which have nothing
whatever to do with the Equitable's bisi-
meas.
Il was Supt. Hendricks chief purpose,
though, in putting Mr.. Winthrop on tho
rack TO get from him all that he knew az
financial manager Of the society regarding
the loans and syndicate transactions in
which directors and officers OF the society
are concerned.
To this end he had Mr. Winthrop bring
with him TO the directors room in the
Equitable Building all the records available
in his department. It took four able bodied
men TO carry the records and documents.
Under Mr.. Hendricks's direction the
financial manager pointed out in the books
the entries which the State Superintendent
and his lawyer desired to examine. Mr.;
Winthrop also was questioned in regard
TO his Official relation to these transactions.
Mr. HYDE was not put on the stand again
Yesterday but his examination has not
ended He will be called again when Supt.
Hendricks hears what other directors and
officers in the society have TO say In re-
gard TO the operations Of the 'Jamee II.
Hyde and Associates underwriting syn
dictates and other features Of the Equita-
BILE scandal in which Mr., Hyde Is especially
That the serious way in which Supt
Hendricks has started the examination
has been a surprise both to the Alexander
and the Hyde camps became evident yes
the examinations would be conducted with
out the presence Of counsel and neither
anticipated that overy word spoken IN
the room would be made matter OF record
IN the Insurance Department
As a result both sides were worked up
Yesterday over what the other may have
said before the Superintendent. Both
we're holding conferences q greater part
Of yesterday discussing the situation.
The Hyde conferences began as early as
O'Clock in the morning when g. B, Alexander
Of the law firm Of Alexander Green called
at Mr.. Hyde's house, 0 West Fortieth street,
With H. H. Knowles, the deposed super1n-
tendent Of agencies, and W. II. Molntyr the
society's fourth vice president. This oonfab
lasted for about an hour and then Mr.. Alex
ander hurried over 70 the Hotel Aston and
had half hours talk with Supt Hendricks.
Il was said later that the subject Of the
conference at Mr.. Hyde's house was the
relation OF certain Equitable directors TO
the syndioates which underworld Shipbuld-
ing securities, and that Mr. Hyde was pre-
paTing a pill which Gage T. Tarbell would
have TO swallow when he came before Supt.
Hendricks for examination. Both sides are
engaged now in throwing all the availabls
material possible into the Superintendent
hands.
Soon after Mr. HYDE reached his ONCE
In the Equitable Building another confer
ence was called between Senator Depew
and Mr. Hyde at Elihu Roots office. Moth
ing definite could be learned about this,
DuL n report 0dQ II InhA OChdlOI DbPtN'
knowing that he was to be called before
the Superintendent to explain the annual
salary Of SIS, 900 which he has been drawing
from the Equitable, desired to profit by MIR.
Hyde's experience before the superin-
tendent.
The statement was made by an Alexander
man yesterday that Senator Depew had
offered as an explanation Of the $4,000
salary the fact that he was retained at one
time by Henry B. Hyde, James II. Hyde's
father, az legal adviser.
Mr. HYDE spent the most Of his afternoon
in conference with his lawyer Samuel
Untsmyer, and many OF his supporters.
Shortly before the conference eX-Superin-
tendent Of Insurance Lou Pawn was seen
TO enter Mr.. Hyde's Office. He was there
for some time. Ii was denied for Mr..
Hyde, however, that Payn attended the
conference II was not said what the
nature Of Mr.. Payn's visit was. All the
men In the State Insurance Department,
from the first deputy down, are, il was as
serted yesterday, the same az when Mr..
Payn was as the head Of the department.
The statement was made yesterday by
an Alexander supporter that James II.
Hyde's holding in the Equitable now Is
T02 shares. OF this, 500 shares were left
IN trust by his father. The rest Mr.. Hyde
According 70 this Mr.. Hyde will be able to
vote the necessary three-fifths Of the stock
for the naturalization plan II a meeting
should be called for that purpose.
The papers in Mr.. Hyde's suit TO depose
President Alexander as trustee Of the
HYDE stock and to compel an accounting OF
the trust will probably be served to-day.
Il IL underwood that Mr.. Hyde will allege
in the complaint that the report that the
cost Of his recent fancy dress ball was paid
out Of Equitable funds and the stories that
improper dances were held there were a