The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-07-06
EQUITABLE PROSECUTIONS.
TALK GETTING PRETTY Def
MITE or MORE discoveries.
Next Report q supt. Hendricks Looked
For with Interest and Aiarm-One
Rum0r Deals with Alleged Stock.
Jobblns Backed by society's Funds.

JObblnE Backed ny SOcletyS Funds.
Reports yesterday Of District Attorney
Jerome's intentions In tho Equitable case
created big stir among the directors and
officers Of the society accused in the Hen
bricks report. They regard II now as
pretty certain that the District Attorney
Is going to bring criminal proceedings
against some Of the men concerned in the
scandal. They have heard that he wants
TO prosecute some OF the directors on a
charge of conspiracy to defraud the 30
ciety IL he IL unable to get them on any
stronger charge.
So far az the actual work OF examining
the evidence Is concerned. the District
Attorney has taken up only the Frck end
Hendricks reports He has not yet re-
ceved from the State Superintendent of
Insurance the testimony taken by him.
Mr.. jerome sent for the evidence the day
after Gov Higgins wrote to him saying
that he could have it. The delay has been
occasioned 1t is said because Of the difficulty
OF compiling the testimony into prac-
tical working shape. The Attorney Cen
erals office also is being held up on account
Of the delay as regards the PROPOSED suits
to make the guilty directors disgorge and
retire
II Mr.. Jerome finds concrete evidence Of
crime he will submit the evidence to the
present Grand Jury, but If he decides that a
long investigation will be necessary to fasten
Grand Jury will probably be drawn.
Along with the news OF Mr.. Jerome's
purposes a pretty definite report was cur
rent yesterday that enough evidence has
been obtained in other quarters to warrant
criminal prosecutions and that the next
report of Supt. Hendricks would show that
officials of the Equitable made use OF the
funds Of the society in stock margin trans
actions in the name OF the society. which
enabled them to profit by the market
created. The report had 1t that the Superin-
tendent OF Insurance was now investigat-
ing this matter and that he would show in
his final report fragrant violations OF the
insurance law.
Members Of tho James H. Hyde and
Associates" underwriting syndicates were
more interested In the reports OF MIR.
Jerome's Intentions than any OF the other
directors. There were many conferences
yesterday between the lawyers represent
ing James W. Alexander and counsel for
Mr.. Hyde, and all showed plainly that they
were worried. James H. Hyde is 80 much
interested in the developments that he
may give up his trip to Europe. 1t was
said two or three days ago that he expected
to sail soou. but yesterday the announce
ment was made that he might not go.
Mr.. Hyde's counsel. Samuel Untermyer,
says, however, that he will sail on July II.
to be gone two months. Mr.. Untermyer
wrote to District Attorney Jerome sew
eral days ago asking II he knew Of any
thing that would be likely to prevent either
Mr.. Hyde or himself from leaving the
country. Mr.. Jerome, it is understood,
told Mr.. Untermyer that there was moth
ing.
Mr.. Untermyer said yesterday that he
knew nothing OF any contemplated crimi-
nal action against Mr.. Hyde and that he
had found nothing in the testimony or the
reports that would constitute q possible
basis for such action.