Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1905-11-20

New York, Nov 17.-Former Cover
nor Ode.I and United States Senate
Denew as witnesses before the insur
anca Investigation committee denied
parts of the testimony OF James H.
HYDE in which their names were USED.
Odell in the course of his testimony
called Hydes statements base cal
umnyn and when he was asked Wheth
OF he directly or indirectly had made
threats to have the charter OF the
Mercantile Trust company feVoKed'
his face flushed and, striking the arm
Of the witness chair with his fist, ne
exclaimed:
"There is no truth in that state
ment so help me God.
Odell said no political pressure was
brought to bear in the settlement OF
his suit against the Mercantile Trust
company. and that it was settled the
same as the suits brought by others
He said he had been advised by coun
sci that his claim was a just one ana
that any court would have awarded
him more than he received IN the set
Element Oden denied that he ever
made a statement to e. ii. Hartman
or any one else that reti.atory meas
ures would be taken against the Mer-
camille Trust company He said ne
wrote a letter on behalf of Hyde's
candidacy for the post. of ambassador
n france This was at the request
of William H. Mcintyre, one OF the
Eouitable's vice presidents.
Senator Depew was examined with
regard to his syndicate participation
and his duties as counsel to the Eqult.
able society. Regarding the ambas
sadorship to Paris, Depew said Hyde
came to him and solicited his infiu-
ence to secure the appointment. De
pew brought the matter to the atten
ton of the president although he tod
HYDE he was too young, and the presl
dent said it was utterly impossible to
make such an appointment. the
senator advocated the limiting of risks
under insurance policies and favored
q public audit of the accounts of com
panies at stated periods by chartered
accountant. This he thought would
obviate many suits that are now ire
ouent,y brought for an accounting on
the part of policyholders
John Gilchrist, in charge OF the Sc
curity department of the Equitable
tod of millions of dollars in loans
made at the end of the year in the
names of clerks of Kuhn, Loeb & com
panv. to comply with the law that the
surplus should be invested or to keep
down cash balances. No collateral
was held by the Equitable on these
loans and the check which was given
for these loans was deposited in the
hank and a certificate of deposit re
ceived. The check, however, was
never cleared and on the first OF the
wear the check would be taken out and
the certificate surrendered. These
loans were made at the instance OF /.
n Jordan former controller of the
Equitable.
Louis M. Bailey a clerk in the bond
and mortgage department OF the Eqult-
able, in whose name a trustee account
was carried on the society's books,
said he was asked by Mr.. Squire to
permit the use of his name for this
account, but he did not know its pur-
pose. Building operations carried on
under his mare for the Equitable he
could explain only on the ground that
on Individual could buiId cheaper than
a corporation.
McCurdy Cuts His Salary
New York, Nov. 17.-At special
meeting of the board of trustees of the
Mutual Life Insurance company in this
city yesterday, at which preliminary
report of the recently appointed special
investigating committee was submit
ted. President Richard A. McCurdy
caused a stir by announcing that at
his own request his salary had been