The Montgomery advertiser., 1905-06-25
lALEXANDER'S RESTITUTION Sends Big Check to Paul
 Morton. SYNDICATE OPERATIONS Letter from the Former PreS-
 ident'S Son Hyde Makes an indignant Denial of the Report That His Father Ob- tained sSyooo,oeo in settle
 naent of Commissions.
 

was made tonight by Attorney Generai Mayer, who has postponed his return to Albany until tomorrow in order to attend to the affairs of the Equitable, that restitution has been made by former President Alexander of s25.- 05322, representing amounts received by him with interest on certain syndi- cate operations referred to In the pre- liminary report of superintendent Hen dricks. The announcement was con veyed in a letter addressed by H. M. Alexander, a son of the former presi- dent, to Chairman Paul Morton, copy of which was sent by the writer to the attorney general for his information and given out for publication by MT. Mayer. The letter reads:
 .I beg leave to enclose to you a check for $25,05322 to the order of the Equitable Life Assurance Society. being the amount of seven checks re- ceived by James W. Alexander upon the dates given below, together with in terest thereon of per cent. to date.
 There are the amounts referred to in the preliminary report of Superin- : tendent Hendricks. The total is made up as follows: Metropolitan Street Railways per cent. bonds of 2002. s4,531.5S; interest from July 30, 1902, to date. sIss.4s; Philadelphia, Balti- more and Washington 4 per cent. bonds and Long Island Railroad 4 per cent. bonds, syndicate $2.9S2.64; interest from April 30. 1904, s205.30; P. c. c. X St. Louis Railway consolidated mort gage I per cent, gold bonds. syndicate $5,130.73. interest from October IS, 1904, s210.36; Norfolk and Western di- visional first lien mortgage per cent. bonds. syndicate $i,S79, interest from October 24, 1904. $75,16; Imperial Jap- anese Government per cent. sterling loan first syndicate $3.204.43, interest from July Il, 1904, $iS3.19; second sym dicate, $2.92S, interest from June 3. 1904. $1S5.a3sf Atchison, Topeka and Santa Fe 4 per cent. debenture bonds, syndicate s2,2S4, interest from Febru- ary {. 1909. $464.41; total. S25,055.22.
 Deposited With Cashier.
 x s'The amounts referred to Gin the re- port )relative to the Oregon Short Line refunding mortgage 1 per cent. twen- ty- five-year gold syndicate bonds, $12,- 523.7S, and Imperial Japanese Govern ment 6 per cent sterling loan (second series) syndicate $2s,2se.S1, making a total of $40. 790.54, were deposited by him on February l, 1905, with the cashier of the society, M. Murray, as trustee, immediately after receipt thereof and an investigation into the facts. This letter may be treated as an authorization to MT. Murray to turn the amount over to the Equitable Life Assurance Society. am writing this letter owing to the illness of my fath- CT. MT. Jas w. Alexander, but In do- ing so am carrying out his views as expressed in January last and since maintained. Yours truly,
 ''H. M. Alexander"
 James Hasen Hyde made a statement tonight regarding the report that his father, Henry B. NHyde. had obtained $5,000,0 900 or more in settlement of claims fnr ou1Ia aaia ask the opportunity to make an un- qualified denial of the entire story. It Is on part with many of the other tales that have been said to the public. There was no system, arrangement or agreement in existence at the time of my fathers death under which he re- cetved one per cent or any other per- cent of premiums, premium moneys, surplus or anything else There was no settlement or adjustment of any such claims or any claim by the Society with the estate and no payment of $5,000,000 or any other sum. The story of such a payment is a myth like many others of the kind that are being pub lished.
 Suffers in Silence.
 For my own part. I continue to suf- fer these libels in silence for I shall have an opportunity to be heard when the heat of the artificial excitement created by such tales as these has pass- ed away and the public sense of jus. tice is restored.
 But have no right to permit the memory of my father to be thus de. man who throughout his useful life bore an unblemished name and to whose untiring zeal. enterprise and Integrity the prosperity of the So- ciety is due.
 Tn this connection I may say in pass In that ff he GnnArinfann4nf nf surance had taken the precaution to make a few inquiries into the history of the safe deposit leases which has passed the scrutiny of various super for twenty-five years and more. before assailing the memory of the dead man, he would have learned that the Society had made vast sums of money out of these leases and many other things that would have materially his point of view. He would have learned among other things, for instance, that the Mercantile Safe De- posit and Trust Company vaults origin ally belonged to the Mercantile Trust that my father took over these vaults in 1878 when they were earning nothing; that he paid s200.O00 in cash for the good will as a matter of personal pride and sacrifice to save the Trust Company from in- solvency."
 Scandals Hinted At.
 Definite statements are made by The Herald today that Gin addition to the which arc expected to be inaugurated by Attorney General May CT and District Attorney William Travis Jerome). Paul Morton, Chair | man of the Equitable Life Assurance | Society, with full knowledge and ap- proval of the owner. Thomas F. Ryan, | will in his own investigation of af- | fairs, delve' deeper than either the | Prick Committee or State Superinten- | dent of Insurance Hendricks.
 Most scandalOus charges against cer- tain very rich men are hinted at in | with this development. | They have not heretofore figured | One of them is, says The l Herald, currently reported to have ac- cumulated SS,00O, ,000 in a few years, | while another. an appraiser. amassed | more than $l.O00.O00 in two years. While some of these matters were only | Indirectly connected with the Society's | affairs, 1t Is hItimated that various | documents are being certified while ac- counts and occurrences will be used |