The Washington times., 1905-11-18
HUGHES DISCLOSES
POLITICAL ABSCESS
Insurance Exposures This
Week Worst Yet.
AsToUNDs ALL DEMAGoGUES
Resume of Testimony Reveals Some
Startling State of Affairs Among
Leading Men.

KEW YORK. Nov 1s.-The probe OF
Charles Z. Hughes. inquisitor for the
LEGISLATIVE insurance committee, in the
last week has revealed for the consid-
Grafton Of public opinion men and things
and such conditions in life insurance
business and political life as 10 astound
even those who were believed to be
widest IN their charges of wrong doing,
breach of trust and diversion OF funds
Sensation has followed so closely on
the heels OF sensation that in the de-
velopments of today those OF yesterday
have been overshadowed and the per
speetive destroyed.
Much OF what has been ruEnor and re-
port and suFmise hitherto has been
placed into a scheme of facts. Much else
has been left in the balance as between
the worth OF one mans assertions and
denials and another's.
Here Is a resume OF what this week
has brought forth:
MONDAY.
J. President John A. Mccall, Of the
New York Life. says he has promised
TO pay back to the company on or be
fore December 81 Andrew Hamilton
yellow Dog" fund Of $235. coo. and TO
give an accounting of the hundreds OF
thousands OF dollars which have been
paid to Hamilton for legislative in
fuencing purposes in the past.
, The trustees Of the New York Life
20 on record against further disburse-
Enents on policyhOlders money for legts-
lative purposes unless detailed state
ments of the funds are made 10 them.
and Mccall is forbidden 10 expend
money toward this end without au-
1hOriIy.
trOlier OF the Equitable Life, and An
drew Fields. of the Mutual Life, are
shown 70 have been interested In the
killing" OF legislative measures bear
ing on no. only insurance companies
but on tenement houses. water rights,
hotels, the employment of women and
children, and q score OF other subjects
4 President John r. Hegeman, or the
Metropolitan Life. repaid 10 the treas
ury OF his company SlS'ooO profits made
out Of the company on syndicate trans
actions.
5 Hegeman got $4,000 year in re-
bates on personal business Tor business
o. the company given 10 Nermilye <
Co. bankers.
TUESDAY.
l. James Hazen Hyde testified that
Edward II. Hartman had .'sandbag-
ged'' him int9 paying Former Governor
Oden $1,000 10 settle a shipbuiIding
trust suit against the Mercantile Trust
Company under the threat OF the leg
islature repeating the charter OF the
company.
> Hyde testified that Hartman and
Friek had eonspired 10 oust him from
the Equitable Life BY running the value
OF his stock and compelling him TO sell
5. Hyde swOre that part OF this
scheme was 20 get him appointed am
bassador 10 France and out OF the
country.
4 Hyde said that the sSs5. vel
low Dog fund OF the Equitable had
nsar-r To-. H.
purchase OF Equitable stock from spec
ulaJors, and $4,000 10 insure the cleo
tion OF President Roosevelt
WEDNESDAY.
l. Hartman denied that he had told
Hyde that the Mercantile Trust char
ter was menaced by interests at Al
bany.
. Re denied that re had told Hyde
that II Odeiis suit was not settled re-
taiiatory legislation would be the result
3 lie swore that Hyde solicited him tc
use his good offices with Oden TO have
the former governors suit against The
trust company Withdrawn.
4 He admitted thar he had discussed
the settlement of the OdeH suit witt
President Roosevelt.
& he admitted speaking 10 Presiden
Roosevelt about appointing Hyde am
{. He denied trying 70 buy out Hyd,
~ The Equitable prior 10 the report, o
the Frck committee and while tha
matter was hanging fire.
Squire's Little Deal.
Z. II was shown that George H. Squire
former financial manager OF the Equi
table Life, had purchased stock from
the society and tnen sold It bacl
through his sons brokerage firm 70
twice the amount he paid for il.
THURSDAY.
/. Former Governor OdeH. swore n
had never threatened James II. Hyd
or Inc Mercantile Trust Company.
z lie admitted his responsibility 70
lecfeiatlon introduced on Mnrch 81 IS04
the purpose Tor which was TO repeal III
charter OF the Mercantile Trust CON
pany.
3 he swore he caused The legislation I
be Withdrawn for fear Of having publ
opinion misunderstood his motives
Z. He charged that the MercanJil
Trust Company had bolstcred Up fftee
or Sixteen inSolNent companies and tina
that was the only reason he had pro
posed the legislation.
s. lie admitted he had written {
President Roosevelt asking him 10 sp
point HYDE 10 the French mission. tw
or three weeks before The Mercantii
Trust paid him $500 In settlement Q
{. He deEied ne ever collected politica
contributions from life Insurance com
panies and corporations, but said Unite
Etates Senator Piatt made such collec
tsous-
4 United States Senator Chauncey n
DepeW swors he had earned his reIaine
Of SEQ COO q year from the Equitabi
Life and that James Hdzen HYDE was
bigger man than he was credited vii
being.
S he also asserted that he believe
Superb Service 70 Alexandra,
every hour from 6:5Q a. m. 10 $50 .. n