Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1905-11-15


ness said he presented this statement
to show that he had been misrepre-
sented
The instructions of Mr.. Jordan to A.
c. Fields, the Legislative generals
simo," as Mr. Hughes referred to him
today, Mr.. Hyde knew nothing about.
He said he never consulted with Mr..
Jordan about legislative matters, and
That none of the legislative measures
affected him or his interests in any
way.
The syndicate operations of Hyde
thoroughly and it was shown that in
twenty-three syndicates Mr. Hyde
sustained personal losses of $28,615.
Mr.. Hyde ascribed the apportionment
of the Equitable's allotment of bonds
in syndicates to officers of the Equit-
able Life to the customs and usages
of Wall street. Of the formation of
the Hyde and associates syndicate,
Mr.. Hyde said Mr.. Alexander suggest
ed it for the conveniece of the bank
erS.
OF the $50,0O0,OO0 Union Pacific
pool, Mr.. Hyde said Mr. Hartman
instigated it, and explained that it was
to be a holding syndicate for five
years. 1t was understood this was
for the purpose of controlling the I'm
ion Pacific. Mr.. Hyde signed the syn
dicate agreement at Mr.. Harrimans
suggestion and talked only with Mr..
Hartman on the subject. The execu-
tive committee was not informed of
this operation, as Mr.. Hyde said that
Mr.. Alexander did not think it neces-
sary and that Mr.. Hartman requested
that the committee be not informed
of it. He said that Mr.. Hartman even
refused to give statement of the pur-
poses of the pool to the superintendent
of insurance when he was clamoring
for it last spring.
Eclipsing all this sensational matter,
however, were the statements of Mr..
Hyde concerning former Governor
Odell and Mr. Hartman relative to
the settlement of the shipbuilding
company suit against the Mercantile
Trust company. Mr.. Hyde said that
Mr.. Hartman came to him and advis-
ed the settlement of Odelrs suit as he
/ feared that the powerful influence at
Albany would be invoked in retaliato-
ry measures. Mr.. Hartman suggested
as one of these measures the revoca-
| tion of the charter of the Mercantile
| Trust company. Mr.. Hyde knew of
no actual steps that were taken, nor
of any bill that was introduced, but
! he was beset with rumors that such
! steps were about to be taken by legis-
! lation.
The Equitable Life, he said, was not
! interested beyond the connection ii
had with the Mercantile Trust compa-
ny. Mr. Hyde was under the impress
sion that the Mercantile, in the set
| tlement, retained the bonds and paid
| Mr. Odell about $4,000. The original
claim of Odell was about S1S0.000. The
| bonds subsequently netted about SO
| cents on the dollar. Mr. Hyde said
| Mr.. Hartman suggested the settle
ment of the suit and that the counsel
and members of the executive com
mittee of the Mercantile Trust advised
/ it, and ne recommended it.
Charges of conspiracy to get him
cut of the country were made by Mr.
! Hyde against Henry c. Frick and E.
III. Hartman in connection with the
/ reported aspirations of Mr.. Hyde to
| become ambassador to France. He said
Mr.. Frick inspired this idea and wit
ness took it as a joke at first, but
| when Mr.. Frick brought 1t up later
| Mr.. HYDE was tlattered, ana DCth Mr..
Hartman and Mr.. Frick promised to
use their influence to secure the ap-
pointment. Again Mr.. Hyde waxed
bitter in his explanation of the extra
ordinary interest those gentlemen had
in his absence from the country.
He said he thought their idea was
that they would acquit themselves
| of their friendly stewardship with
great profit to themselves" and added
that the nature of their interest had
since become very obvious. Mr.. Hyde
charged Mr.. Frick with breach of faith
i'm leading him to believe that the
| Frick committee was friendly" to
him and was doing all he could to
dissuade witness from selling his
stock, 'tat the time" as Mr.. Hyde said
doing everything on that committee
he could to knife me and destroy the
| Valup of that stock"