Waterbury evening Democrat., 1905-09-28

put up all the money for the deal; that these syndicate deals, in which indi- viduals profited at the expense of the Equitable's policy holders, were for the most part managed by Kuhn, Loeb & Co.,, Jacob H. Schiff's firm (others were with J. P. Morgan & Col; that the Equitable, like the New York Life, ex- ecuted dummy loans through minor employees to wipe certain stock trans actions off it's books. The checks for the missing surns'' were indorsed by Comptroller Jordan. He has been discharged by the Equita- ble and cannot be found. R
 It was pointed out by observers that these checks were paid during the first Mckinley campaign, and 1t was sug- gested that the tracing of the checks, which were all indorsed by Comptrol- Ter Jordan, would show the means, hitherto mysterious, by which the Equitable made it's contributions to the Republican fund, as did the New York Life and other large insurance con cerns.
 Jacob H. Schiff, it is announced by Chairman Armstrong, will be called as a witness.
 United States Senator Dryden, presi- dent of the Prudential Life, will also be a witness.
 Mir. Schiff, one of the most eminent of American bankers, will be asked to explain the transactions between the Equitable Life and Kuhn, Loeb & Co.,, the firm of which he is the head.
 MT. Schiff declared on oath before Superintendent Hendricks that his firm had no dealings with the Equitable, of whose finance committee he was a member.
 He branded as false those records of the Equitable which showed that mil lions of dollars worth of Union Pacific stock had been bought of Kuhn, Loeb & Co.
 George c. Van Tuyl, IT,, secretary and treasurer of the Albany Trust company since March 20, 1900. the first witness. submitted to Chief h. yestigator Hughes a statement of the account of Judge Andrew Hamilton with Mir. Van TuyIs company.
 The name of Senator Chauncey NJ. Depew was brought into the investi- gatiOn as one of the participants in a S2.OO0OOO Pennsylvania coal purchase syndicate. in which nearly everybody connected with the Equitable Life ap- pears to have been a participant, to- gether with the Equitable. The syndi- cate was managed by J. P. Morgan & Co.
 James H. Hyde and associates" came in for a cool million participa- ton in a S2.OOO.OOO syndicate transac- tiOn in Westers Maryland stock. The other s1.OO0.OOO was taken by one of the syndicate managers. There were two managers. yermilye & Co. and George P. Butler.
 The syndicate is not closed" said Mr. Winthrop. and there have been no profits as yet.
 The Hyde participation has been transferred to the Equitable
 In connection with a S1,200000 Chi eago and Northwest syndicate deal there was another missing cheek cpl soie. This was for S12O0O. made pay able to the Equitable Life by Kuhn. Loeb < Co., the syndicate managers This cheek has not been traced since.
 A Sz70O00 participation by T. H. Hy1e in a Union Pacific syndicate transaction. managed by Kuhn. Lceo & Co. was shown to have been paid for by the Equitable
 Senator Armstrong announced the serious illness Of s Fred Nixon. speak CT Of the assembly. and said that In the event of his death the coumittes wOuld instantly adjourn