New-York tribune., 1905-11-16
MR.. ODELL'S Defence.
Aa,aious to Reply to Mr. Hyde Be
fore Insurance Committee.
,rom The BrookIyn Eagle.


Haae1 Hsds Having a dsnaad s
gazing committee. that he be called and be allowed
to testify as TO the truth OF the ia ri1s
the whole history OF his M shp6ubdsm m b1n 81
9dss sss wh asvdF the been
tod in full and bs prO1aey T ac 9 as Be By
those W Who are familiar with them. here given:
Alexander Green the former c0unse the er sp Ine
posed managers of the syndicate but behind them
Of the 5pEan IN and his
man named Boothroyd was at the time mem. mem.
Employed eaT @ S in their once He lives NeTbuTg and
was at the time friendly 10 MI 0deh ubo ~ Srss Wa5
bfS@96P dde to
g2ed s sTgg hgg peope co6Pmed Il the acco@nt
The Mercantile Trust Company had charge OF the
it is alleged telling about the property to De taKea Ken
6sGT 6sne py aken tn up nT IN Europe and especially
where it is alleged many reau VA under
writing the scheme: ,sor.vrtt.- for the
n6Egs nc the od OF or while
things looked bright and then they Went IN TO Fraase
and the notation of the. stocks and bonds failed
absolutely That required all the American an sb
scriptions aigh The amount of money odel actually
paid in s is said this 5G su was by
Brackett OF Saratoga, for client named KAYE
dnped pe and deceived by the representatons Of the
Trust s ag sn ase
and fraud Another suit was begun by Mrs Anna
Da M9Rd Rs Each Of
almost equal am9Tnt OF the stock aa ana sb
Wood and Kavenaugh suits were begun While
e ASbieg introduced in the Senate and Mr. Fish in
the Assembly bill to repeal the charter OF the t
original name of the Mercantie Trust Company.
at the 6n Ts9ge5 It of 1e sen@qB ay has of ghng
he likes to smash things .buo,4o, ,ao,,s,a+,y.
investigation Of the alleged shipbuilding fraud and
had resolution in his pocket Ior tb .ie was
that Odeil restrained him from doing So because @
he he thought he dad he his Toqa o9n Of bill IN that way oe
appeal District Attorney Jerome Ior an IisesLa M
ated sat9 that 1 Jeromes refusal or neglect heed the
appeal was the original cause OF the & esEange,n, g,t
furry at the thine over the matter, but 500 soon
dropped it for something more sensational - i'
The bill vas never Pey moyeq bo%evsl Sr sd
in forcing eod Was OF aso soe paid By
the Mercantile people in full. the advice of coun-
Il was as not until the fall of year that odsll
brought his suit against the trust company ana tne
legal firm which managed the syndicate. Inc AM
The actual settlement with Ode came not while
as saying but more than year af,erwaE,d.hat is Is
in June Of this yea stT friends say that he
made move toward settlement and = that the the
and pd bv he Mercantile Trust Company people He
got not the full amount Of his claim but ABOUT %
per cent OF IL. --.so oon - ia .hs
bonds and stock by auction for $4,000. leaving him
a loss of si21 900. The amount finally paid by the
trust connnanv was s75 600, leaving him a net loss
re s5e roo The sale of the stock and bonds at auc-
ZION was for the purpose OF legally establishing his
claim. A.. 70 NO. dc
frarded like many others; that he took merely
ia@sI stems to get satisfaction, and that he Jared
worse in that respect by settlement. than private
indi,,idIaIs like Kavenaugh and Mrs. Wood. he
could not prevent as Governor the Introduction or
bill of any sort; the best ne coula 90 WAS 10 pie
vent IFS heing used bad purpose .
Mr Odell is apt to have some reyeiatons % ol has ns
kent 10 himself He remained In Newburs To-Day
but s ready and anxious 70 go on tne stu stll1, - g.,
Two members OF the State Senate VINO were III
town to-day commented on Mr. Hyaes eVoencs,
used 10 sandbag him - dead when ne settiea
with Odell. Its decease had occurred year De
fore ,...,r,,,n~ ,,r,
roittee said II cannot believe Governor Odeu uoulo
use the legislature to collect . private OIL