New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-12-16
,r,ror,.v. A-weiI q good healthy minority is
q good thing to have.
NO DIRECTION TO TRUSTEES.

NO OBJECTION TO TRUSTEES.
opa yeg object s ts the st trustees thar Mt fsss
,n Sp or sincerity Al think that an;
| that Mr.. Ryan appointed them must be more o
less under the Influence OF the man VINO appoint
o.@would not the same .A.-Particulariy e. q,
Society se ETY. By having bis nominee man ou
of his own organization put in control Of Its afalFs
o.IThe, same remark would apply in the cas-
the S S9 we Trustees appointed b,
myself i said IL he would consent to the election
Of two trustees who would be absolutely inde
wig to an thGSe saEs 05 creed 70 h has
then would have gone into the question nov
they we're to be selected ted. , oonsrs,s on those
two? Alt was that we were to agree on the
o@Dd you have the idea that the acquisition
o. half the stock would be beneficial to yoq9 ooss.
Of arriving At selections it was deemed d a aSs
far as my part was concerned, that 1t should De
any way whatsoever 1 had just as much Interest
in the general situation as Mr.. Ryan or ANYBODY
tiTes We're pure. he should not have been wiling
= have i1eluaed one honeged or one an
makes sacrice-to put up 10000 OF $500 49,
" Nth s. the so of Of s aosoy back again
Q.-And that your idea at the time? Al
ou5 Tds aT nk e s3uao0 0f Would Be
tered by your participation in the purchaser Ak
Q.Iopera ta as check upon him7 Ayes, sir.
oYou were not at that time interested IN dne
in trying to straghen the tangled affairs of the
On he Da ao of one m It
another. and had been instrumental IN bringing la
trustees who had resigned from the Equita BILE felt.
that they were somewhat responsible and were .eIt
and properly disposed Of. other than that had no
into etts Himself into one false position
i s Of your as a as
nSn to ' see its Affairs rghted? AYes sir and
my familiarity with its conditions
NO FEAR OF A PANIC
oDd you share in any appTshsnsiop that tn, the
s51s5 S be- pac No sir there was posi-
bity Of panic there was n4oGoy 90 m9I t dnnb
QDd suggest to M RSe3 l. any . way ov BY
the stock beyond what he had done or beyond his
sharing the purchase with your A'-No' sir 1t had
mo- 81 the matter of trsteeship first up
dS you oDPGTe r aa y Was s s5
formed me about that. do not THINK even cflu-
aDd you tell MI Ryan that 1T # he Sor did o REf
give yO US saTs 81 5he Of his pans ANo sir
Now let explain. There is wrong lIiterp ae
after What I have already stated. Whatever
said to Mr.. Ryan in regard to my Opposing We ths
s a9s but It was in relation to being salts It's
fed that he doing what ne waS[ x s .s
action-frum a pure motive and not from a SELL
isb one and it was SO understood.
the purchase with you? A.-That would have been
one step toward it-yes, sir ,,-o, 90
much time to Equitable matters that you could
permit anybody to come into the sta f do a
Old you tell him that you. did not pro- 0,
nose to have anybody else own that stock wlthout
your participation? Al nave no Fecoiieo'0n u
- Syi IL YOU say that you did not say that? A
d mean according to your best recollection:
A.~To my best recollection I said nothing OF
oHBut you are not in q position where yH you
would care to make positive denial? A.Weaa'
So ns wba at NAV have said they put
Improper Interpretation upon; taking q. half Of
the stock just what language. SO far as you can
recoliect it. did you user A--Weh have not /
o ~ did you say that If he would give you
ID 5 goa s seH h an YOU you wanted the
o i will viii In6 Tha tod f si tSa
St Started # by S's saying Il" Eou want
It nave been wrong p pn a e said
yes that has apparently been Interpreted as
R b stated thhs he
te cooperate with him Then said: II will tell
you what don't Tx know aS what at it cost do not
provided you viii agree to the b OF n 1To
pendent. And in addition that If in the process
oresent that stock to the Equitable, far my
interest is concerned. viii agree to it"
A.-Yes. sir.
DID NOT DEMAND" STOCK
o-rbe noint then. as I understand, Is that you
10 not wish to have what you said construed as
for the the sfeei Il was
1houid satisfy me that his frst assertion
s end h hat Ff he a ood 50 az vns
he stock? A.By showing Yin a. disposition to nave
Odd you suggest any control or paricipa-
ion in control other than his and yours7 A--No'
Odd YOU tell him that he would not be able to
"a not 0G5 p ks dd
discussion with him to what attitude would you'd
o15s ard that ~ YOU'D opPoss fin il syery
oWe you became satisfied as ct f6at as soon
seemed to me- following the fact that he had aa not
esf nam and Would act only in comforting with
n seemed to me thai II d sas fsBa thf he
that his motive was to centre the control OF the
Equitable in himself or influence the control in
Io.SYou became satisfied Of that at that inter.
Interested with him? A.-That was practically
o.-knd then tn You told him your Influence would
be thrown against him? A-Unless was salts
Q.-well mean after you were CONVINCED? A
DO not want this twisted around Mr. Hughes hughes
ssssd At that Bts Ttrs
what he stated they were We're. '--0
o.-Was It after that that you told him your IN
Q.-Now, Just what did you say about that? A.
That l cannot recollect. Just Wnat was said
know what was on my mind and that would use
Q.-Was IL a strenuous interview? A.-Not so
very-not very. 1t did not make that impression
On my mind, and If it had been SO strenuous-and
there was great deal Of feelng-Mr. Ryan would
not have told he would take il under considera-
ton and let know the next day.
Q.-That was about the last Of It? Ayes, that
IS about all there to it. And then left The
whole thing did not last fifteen minutes
NOT SURE ABOUT LEGISLATION"
Q.-When you said something to the effect that