The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-07-11
JEROME TO STUDY EQUITABLE
WHILE HE READS TESTIMONY
CANS WILL RUN OFFICE.
Conference With Attorney.GeneFaI Mayer
Yesterday-Mr. Hyde Wants to Help
Al0ns suits to Recover Fronts From
Directors-May Force Out Twenty.

Directors-May Force Out Twenty
District Attorney Jerome had a confer
ence with Attorney General Mayer yester-
day on the Equitable scandal. The meet
ing took place in Delrnonico's downtown
restaurant, and the news Of 1t quickly spread
through the Wall Street district, causing
recurrence Of the anxiety that was felt
| in good many quarters upon Mr.. Jerome
last visit downtown on Equitable affairs,
| just before he started for the West.
Mr.. Jerome had not expected to meet the
| Attorney General, but when he did run on
to him he insisted upon having conference
right away.
Come on, Julius. Let's dine together;
let's let the people see us and insurrect the
public mind" was the way Mr.. Jerome put
1t to the Attorney General.
Mr.. Mayer explained that he was at lunch
con upstairs with two friends. Samuel Inter
myer, counsel for James Hazen Hyde, and
Edward Lauterbach, who is representing
ex-President James w, Alexander. and he
invited Mr.. Jerome to join the party With
the District Attorney was his assistant,
Howard Cans, who ia to be Acting District
Attorney this week. while Mr.. Jerome
devotes his entire time to the Equitable, and
he also was included in the party.
In the course Of the luncheon Equitable
affairs were discussed in general way
and Mr. Jerome took occasion to jolly MIR.
Untermyer and Mr.. Lauterbaoh little.
We'll, Julius" said he to the Attorney
General. we'll put all the guilty ones in
Sing Sing first, and then II things aren't
right there, why Of course we can arrange
to have them moved to other jails later
1t was not. however. until Mr.. Hyde's
counsel and Mr.. Iau tsrbach had left that
the District Attorney entered into serious
talk with Mr.. Mayer. The Attorney
General told Mr.. Jerome as fully az ne was
able the contents Of the volume Of testimony
given by the Equitable officials on which
the Hendricks report was based.
Mr.. Jerome will put his assistant, Mr. Cans
in charge Of his office and relieve himself
as. much az possible from other work while
hSst dies the testimony in the Hendricks
report. He may go to his home at Lake
vile, Conn. to study the testimony, but
II he does he will be in town of and on to
hold conferences with persons interested
in the Equitable scandal. 1t was said yes
terday that Mr.. Jerome, before he got
through with his examination Of the Hen
bricks testimony. would probably have had
most of the persons accused by the State
Superintendent of Insurance before him
to answer questions.
The purpose of Samuel Untermyer's
|, conference with the Attorney General at
Delmonico's was to arrange for any ser
vice Of papers that Mr.. Mayer might de-
sire to make on Mr., Hyde during Mr. Inter
myers absence in Europe. He sails to-day
on the Kaiser Wilhelm H. and will be away
until the middle Of September. To faciH-
tate the trial Of any action that might be
brought Mr.. Hyde. Mr. Untennyer said,
would waive all technicalities.
The action against Mr.. Hyde, az we'll
as similar actions against other directors
who stand accused OF having wrongfully
pocketed profits from transactions with the
Equitable, will probably be begun some
time next week, Mr.. Mayer announced
yesterday that he expected to know def
nitely before the latter part OF next week
what directors he would name In his suits
These actions will be brought individually,
but 1t was learned any action which the At
torney-General may take to compel directors
to retire from the board will be general in
form. There will be no discriminating
among those who have violated section 80
of the insurance law. which makes forfeiture
of Office and disqualification the penalty.
1t was said yesterday that such an action
would hit between fifteen and twenty di-
rectors.
District Attorney Jerome on his way
back to his Office after the conference in
Delmonico's stopped in at the Equitable
Building When he was questioned in
regard to his presence there, he said he
had merely dropped In out OF the wet
Chairman Morton and Gage E. Tarbell,
with whom Mr.. Jerome conferred before
starting on his Western trip, denied that
he had called on them.
Mr.. Morton was asked whether the evil
dence which the public accountants now
at work on the Equitable books under his
direction obtained would be turned over to
District Attorney Jerome, and he replied
that that would depend on what the nature
Of the evidence was. Mr.. Morton added:
The accountants are going through the
sociotys records most thoroughly, and
there will be nothing about the society
that isn't known to us when they finish"
When asked whether the resignation
of Archibald c. Haynes as general manager
for this city was going to affect the society's
business seriously in New York, Mr.. Nor
ton said:
so man Ia bigger than the Equitable
society
The trustees Of the Thomas F. Ryan stock,
Grover Cleveland, Justice Morgan j. O'Brien
and George Westinghouse, met yesterday
at the Hotel Buckingham to continue their
consideration Of names suggested for the
nineteen vacant places on the board OF
directors. They had nothing to say for
publication. They will come together again
,o-day, when 1t ia expected that they will
complete the list The announcement OF
the names, however. will not be made until
they have been accepted by the board Of
directors at a special meeting, to be called
next week.
Paul D. Cravath. one Of Thomas F. Ryan's
counsel, made one or two attempts yester-
day to see the District Attorney. 1t was
said last night that meeting had been
arranged between them for to-day. Mr..
Cravath called at the District Attorneys
off1ce while Mr.. Jerome was in Kansas. but
it was said at that time that his visit had