New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-12-15
HARTMAN EXPECTED.
Must ErpEain Threats to Which
r. II. Ruan Testified.

abou+ the reappesrance OF g. II. Hartman In var1-
GUS newspapers called forth statement from
Senator Armstrong. chairman OF the insurance
COMMITTEES. yesterday. In which he detailed Sne
exact circumstances. ne said that M Hartman 3
counsel ez-Judge Lovett. had written to Mr.
Hughes asking that his client might be SLOWED TO
tell his side of the transactions to which Tnomas
F. Ryan has already testified. Mr.. Hughes AZ once
replied that he could testify. and his appearances Is
expected this morning. There never was any CORE
spondenoe between tbs committee and Mr.. HaTrt-
man.
A report tba4 Mr.. Hsrrirsn desired 60 submit an
sfTidayit was denied by Senator Armstrong who de-
clared such proposition had never been made 70
the Aornrnittee and IL made. would not have been
entertained. He said:
Such q thing would be paipably absurd Every
as one gentleman accoTds another. Nc witness Is
too high or too low to RECEIVE ana r Sa
Hartman wishes 70 be heard he muss take inc
stand
Senator Armstrong declined TO say when MY
Hartman would appear. but 1t was sn open secret
tha& he was expected to come to-day.
Mr.. Hsrriman's testimony is expected to be ex-
ceedingy interesting. as he has to explain Wnat ne
said to Thomas T. Ryan in trying to Induce MIN 70
share his purchase of Equitable stock from James
FTazen HYDE Mr. Ryan has testified that he threat
ened 10 AL his influence political aao imam
ciaI against him" Mr. Hartman has declined 70
discuss the matter Much interest attaches 70 the
fact that Secretary Root and Paul CraVath were
present Wnen the threat 10 Ss1u " AntS D>@--
and may be called If Mr. Hartman denies Mr.
Ryan's statements.
For five hours yesterday Justice Hazel. OF the
United States Circuit Court. listened to the ar
gument of opposing attorneys IN the case OF =
WILCOX Brown and associated poucyholders
against the Equitable Life Assurance Society
Browns contention is that the Equitable is In
solvent because it cannot possibly repay the $780,
900 or S. 100000 losses which me Frick and Arm
strong investigations brought to light with its
for ffH
sake Of argument admits the losses. but declares
that it is not responsible for them beyond bringing
suits against the officials who responsible for
the losses.
The sui. was brought some months ago and poll
cies amounting to 100000 have been Joined in the
suit AS soon as a decision is had On the demurrer
argued yesterday it is likely thai many other pol
icyholders viii join in the suit. The attorneys of
the committee of French poicyhoIders have asked
the privilege of joining the suit
The arguments for the demurrer were made by
William D. Guthrie. OF Guthrie Cravath s. Hender-
son. and wallace Macfariand They eontended that
the society did not have to make good the losses
which were sustained through mismanagement,
poor investment and other They declared
that the oil of complaint on its face, showed that
suits brought against the officers OF the society
1Tere originally brought By Attorney General Mayer
and on The application Of the societys president
The argument in behalf Of the polieyholders was
r.
eTs. who asked the court TO draw sharp line OF
demarcation between the stockholders of the cor
pora1ion and the poIicyholders. The society has
capital Of slo0.ooo, and nothing more. unless
wrongfulIy acquired. Il is responsible for any Inn
pairment, waste or loss Of the property intrusted
10 fits care through negligence fraud and the
surplus and assets, except this capital Stock are
not applicable TO pay the debts of the society.
Mr.. Dos Passos then read a long schedule OF
losses, which he said the society should repay
Among them the profits various syndicate
transactions which the officers appropriated for
themselves: the $4,000 expenses paE for James
Hazen Hydes trips about the country and enter
tainments, and the pension paid to Mrs. Annie H.
Hyde. the wife of the founder Of the society. The
interest losses on unnvested balances which were
allowed to lie IN trust companies and banks fur
nished another liability of some s., S44 l45. This
made total OF nearly 100000 loss. and Mr.. Dos
Passos said there were many other Items which
should be included
The housekeeping committee of the New-York
Life Insurance Company held its first meeting
yesterday and elected Thomas p. Fowler. presi-
Several mon were discussed for special coun-
sell but decision reached. After talking
over the situation generally for hour the
mittee adjourned to meet early next week.
This Is the day which President Mccall set for
the return OF the yellow dog fund which was
supplied to Andrew Hamilton for at Albany
and at other State capitals, proper and salts
factory accounting. The Tribune learned yester-
day that nothing likely to be done in this
matter until John c. Mccall, secretary Of the
pany, returns from Paris, where he has been in
touch with Hamilton The final settlement OF the
matter will be left to the Fowler committee