The daily morning journal and courier., 1905-06-29
HE KNOWS THE GAME.

James H. Hyde May Be Young and Tender, but He Is No Spring Chicken.
 This young man becomes the object of even greater legitimate public in
 terest in the light thrown upon him by the report of supt Hendricks In
 the Equitable case. s...s ..... ... He graduated from college in 1898 at the age of 22, and two years later was drawing a salary of s30,0OO a year
 as. vice president of the Equitable By
 1902 he was advanced to $75,00O,
 which was the sum also paid at that
 time to President Alexander, an old
 and experienced insurance manager.
 But even this sum did not impress him
 as at all adequate for his great abil- ities and services. >. He asked for more,
 and Director Chauncey Depew, who
 was taking S20,0O0z a year from. the society for legal services whose
 quantity and quality remain to be de-
 termined, led the way to giving him more, and. accordingly in 1903 Hyda's salary was advanced to $100,00O. At this same time, and as a matter of fairness or by way of Justification, MT Alexander'; salary was put up to. $100000 although he had not asked for the increase. And for this salary, according to- MT. .Alexander-con- tirmed by Mir. Hendricks-Hyde de- voted only about half. the year to the ! soeiety's affairs, passing the. rest of the time at his residence in Paris.
 But the young man seems to have considered even a salary of $100,000
 for half-time services improperly if | not contemptibly small. So he pro-
 ceeded to attach himself to several of
 the subsidiary corporations of the Equitable--drawing s12,000 year
 from the Equitable Trust Company,
 $12,500 from the Mercantile Trust
 Company, 5000 from the Commercial
 Trust Company, and sl0O0 from the
 Mercantile Safe Deposit Company
 although he was being paid S1O0,O0 to Idevote his time to the insurance conn.,
 pany. Here was an aggregate yearly compensation in salaries of SIPS, 900. IStill the young man considered him-
 self as poorly paid, apparently. He then engaged in the underwriting schemes whereby, in company with lsome other members of the assurance
 society's executive committee, various tparcels of securities were taken at one | price and in many cases sold to the so- ciety through himself at higher price
 the society taking the risk and Hyde and his associates taking the profit.
 Young Hyde's profits from these opera tions, so far as they have been traced, ! appear to have amounted to some $6S,- 700 within three years. -
 This brought his yearly income from
 salaries and profits up to about $149,- 1000. MT. Hyde was a member of the ex- ecutive committee of the society which holds meetings three times a week, and members who attend are paid $25 each per meeting-rnaking possible a further income for the young man from this source of $3,000 year. He is or
 was director in some 50 other cor Iporations whose business for the most lpart he could know nothing about, be- ling there as a director for other rea-
 sons that are not hard to understand
 and attendance upon any of these di-
 doctors meetings would bring fee of | say $10 to $20. MT. Hendricks says his fees from these sources might an9-
 cunt to many thousands of dollars per annum." Some estimates make the
 amount $50,000. Thus we have for him,
 up to this point, a traceable income
 from salaries, etc, of nearly or quite
 $200,0O0 year. 1 Nor with all this was he at all back
 ward in collecting expense accounts
 from the society, although his duties.
 being confinded to the office in New
 York; could not have involved great
 expense. During five year his ex-
 pense account aggregated $52,50O, be- ling several times larger than that
 of any other officer" And in sub mitting these expense accounts he
 scorned to make itemized statements.
 Meantime, his family was not forgot
 ten. Although his father, Henry B.
 Hyde, is supposed to have left a large fourtune, his widow has been drawing
 a pension of s25,00O year since 1900 I-from the society's treasury. Young
 Hyde further 'tdid not hesitate to ex-
 tract fror1 the society's treasury $352,-
 300 for his stock in the Missouri Safe lDeposit Company, made valuable only