Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-12-12
OBJECTED TO THE TRUSTEES.
Declared He Would Divest Him Of
The Control Of the Equit.
able Life.
said His influence Would be Against
Ryan. Which he Understood ln-
cluded Legislative Action.

New YORK, Dec. L. lnOlldS f. Ryan,
who purchased the Hyde stock of the
Equitable Life Assurance society, was
tho first witness before the committee
today. He said
81 did not mean any disrespect to
the committee. | wish to preserve
harmony. I did not wish to answer
the question until i was satisfied that
I was obliged to answer them The
district attorney has determined that
shall answer the question, and | shall
rive Iny best recollection of the con-
versation.'
What did Mr. Hartman say to you
about sharing the Hyde stock asked
MIR. Hughes, counsel for the commit
tee.
Immediately after my purchase OF
the stock" said Mr. Ryan, MI Haf,
riman called on me. we had seNerai
conversations. MIR. Hartman said that
| should not have come INTO the s'tua-
tion without consulting him, anu that
| ought to let him have an equal snare
In the HYDE stock | declined. lie
Objected TO the trustees and wanted TO
ma me two of them. He said he did not
think | could carry out my plan WITH
ont his aid: | said l intended 10 d.
vest myself of control Of the Equitable
and | regretted very much 10 have ms
opposition. but | was going TO carry OUT
nv plan whether | had his opposition
or not At.
The purchase of the Hyde stock, Mr.
RYAN said, was made on Friday June
. Mir. Ryan first heard from Mr. Har-
rin1on on that day. Mr.. Hartman said
me witness suspected that he tRyam
MAS In on the deal and had talk with
him on that day Mr. Hartman saw
him agnin on the following Monday OF
Tuesday In company with Emu ROOT
aud Paul Cravath, Most OF the tnlng5
said were said at the second interview.
Air. RYAN told Mr.. Hartman who the
trustees were to be. Hartman theu
said that he had given much time TO
stralghton out the Equitable. The wiz
ness then said that Hartman gave no
other reason than that fof demanding
a share IN the purchase OF the Hyde
For what reason lid Mr.. Hartman
want half the stock asked Mr,
Hughes,
For the reason that he had been in
the Equitable as director and was
not satisfied that the stock should b.
in my hands, replied Mr.. Ryan.
lie said his whole influence would
b. against me. He said his political in
nuence would De against me, but ne
did no: mention any names. Tie said
the legislature would probably take ac-
tion. but don't think he mentioned any
investigation. think he slId tho legis-
4 ,1aai Ia a.
That his influence would b. imporlau..
Mr. Hartman did not say anything
about legislative action In the event
that I acceded to his request. He did
not say how his actions in The matter
would he important"
In reply to questions by Mr.. Hughes,
Mr. Ryan said that Mr. Hartman did
not say IN so many words that his po-
Ntical influence would be against Ryan,
but the witness understood Hartman
20 mean his entire influence whether
political financial or otherwise. The
witness understood this to include the
possibility Of legislative action. The
witness was not willing to allow Mr.
Hartman 10 name two trustees be-
cause he did not want anybody as
partner in the enterprise. The witness
talked with Mr.. Hartman over the
N;r Hartman thar thera wns mo use
OF taiktng about f. He would NOT
,bange his mind
"Did Hartman say thcro would be
unwilling iniIrIo,,s IN vn,ir interests If
loii refused 10 solla" asked Mr. Hughes
ne snId his sntire ipnnence would
Ia apains, me" renlIed Mr. Ryan.
"DII bn rsfe, In mo uoliticoi infu-
erra no wonld ASSERT MT The intervtow
NJ vbicb Vr noot ana AIR Cravnth
y ere nrasa,t ." aSted AR Hughes
Nv recolIoctior Is thst no Iid .
mia no 49, to tbo n,nhahiii,y of
jegislative actIon n that anne inter.
Ways
"tIe did"
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rofnsiry ~ neet he v',shes vo,, ,vere
taking tha ohonro 81 ,,ha,n,o, a,nosi-
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Il ISd y SA'u ~ '''s " '"' 'P''
Ava ,o, .o,, ht,,, .ho, ,o,, ,...s.s
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