Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-06-04

| director by virtue of my personal interests.
! In others of the corporation have per-
soDal interests, and the society also has in
| terests. In some of these cases / assume
| that my office of director Is due to my per-
| sonal interest, in some of them to the in
| terests of the society and in others to both
/ factors.
| I'm a few of the corporations I am d.
rector by virtue of the interests held by the
| society in those corporations, and / am
there for the protection of these interests.
/ I'm some of the instances Mr.. Alexander
Is also a director and member OF the execu-
| tive committee. in some of them, such as
| the Delaware and Hudson Company, there
are shares in the name of Mr.. Alexander be-
| longing to the society, and he Is thus quail
fed as director.
| Stock in Names Of officers.
There is, however, nothing unusual or
improper in having shares of stock Of the
| society in the names Of officers and EN-
ployes."
/ Mr. Hyde here referred to the so-ca1led
subsidiary companies of the Equitable, and
| said the Equitable had profited through
these corporations.
1.-THE investment of the society In the
| stock of the Mercantile Trust Company
| said Mr.. Hyde, (which cost $4645,S19, is
now of the market value of S12. 81, $50. and
that in the Equitable Trust Company, which
cost S. 1891 ,626, now has market value of
So 1O0,1S5.'
| Mr.. Hyde here mentioned number of
railroad and other corporations In which
| the Equitable has been interested, among
| them the marlborough Rapid Transit COM
pany, on the shares of which the Equitable
| has profit of $780, 000 In this connection
| Mr.. Hyde refers to a transactions in Della
| ware and Hudson Company shares, as fol-
| lows:
| Purchases of TO- 900 shares were made by
| Mr.. Alexander during Mr.. Hydes absence
!! in Europe. AS an instance of Mr. Alexan-
1 dar inf 1nyyn lie hoo I'd Ha
| in 1893 and 1897, when the dividends of the
| Delaware and Hudson Company were re-
duced, the stock dropped from $50 or there
| abouts down to 80, Mr.. Alexander attended
meetings. but did not familiarize himself
| with what was going on, and left us with a
| lot of high-priced stock, whereas had he
| kept himself thoroughly advised we might
have gotten out of this and then gotten in
again on a. lower level"
| Other Transactions Detailed.
Other transactions are gone into at con-
| siderable length. among them a purchase
| Of stock of the First National Bank OF
Denver. OF this Mr.. Hyde said:
1.-The president of this bank has been of
| inestimable benefit to this society in vari-
| Gus matters in the state of Colorado, and
in addition to that he keeps a very large
| deposit account with the Bank of Com
merce; he also turns over valuable business
| to the Equitable Trust and Mercantile
| Trust companies
OF the more personal charges Mr.. Hyde
| said
| LAS to the charge that I have acquired
| an unpleasant notoriety by reason of my
| recRations and enjoyments, I know of no
| such instance other than that of the oc-
! casion of a fancy dress ball in which it was
| reported that occurrences of a scandalous
fand indecent nature took place. These re-
| ports were, however, inspired from the
| same sources that are now attacking me.
| They pnhIiShed pyh ~
| to destroy my reputation and deprive me
of my position in the society was well
| under way.
ION that subject 1 submit herewith a
against James w. Alexander. in which he
and others are charged, under OATH with
the responsibility for the circulation OF
! these reports and the consequent injury to
the society.
Interest in Syndicates.
"As to my interest in the syndicate oper-
ations, 1 have already reported on this
| subject and have submitted statement
| showing the character and extent of these
operations, and that the president has
been Interested equally with me in them
LAS evidence of the insncerity of these
charges, / submit herewith Photographic
copies of the checks that were paid to
| Mr. Alexander and of letters written by
him with respect to syndicate operations
| in which we were jointly interested.
| Il also call special attention to the fact
| that the first Japanese loan to which the
| syndicate, j. II. Hyde and associates, be-
came an underwater on May g. 1904 was
| conducted entirely by Mr.. Alexander for
account of the syndicate during my alb
sence in Europe, and that the subsequent
! purchases of the bonds of this issue by the
society were made by him and Mr.. Squire
| while l was still away.
I'm a memorandum heretofore submit
tod to 7 hn nd ~,
| earnestly and confidently insist that these
| syndicate operations were entirely proper
and legitimate; that they are not the sub
ject of just criticism; that my connection
| with them in continuance of a long
| established custom in the society to which
| Mr. Alexander had been a party for many
| years before l became identified with the
laffairs of the society, and that the at
| tempt at this time to confuse and distort
the character of these dealings (to all OF
which Mr.. Alexander was party is an
other evidence of the insincerfty of the
attacks that have been made against me
| and of the purposes for which they have
| been made.
| The Cambon Dinner.
'tAs to the Cambon dinner, Mr.. Alexander
| was aware before the giving of this dinner
that, whilst given in my name and the
name of Senator Depew, it was given for
the purpose of assisting the society," and I
| the dinner which paid by my personal
| check, and of the subsequent return of this
amount to me by the society, of which he
approved as a proper disbursement by the
society.
Whilst 1t might have been an injurious
method of advertising the society had its
name been connected with it, still many
such affairs had been given at home and
| abroad for the same purpose, without the
Equitabe's name being mentioned. and al
lowances have been made by the society for
the cost of the same.
This dinner was given in November, 1902
| have In my possession a draft of a letter
in Mr.. Alexander's own handwriting to NJ
| Cambon shortly after the date of the din
ner covering various interests of the society
| in France in which we were to ask his
friendly assistance"
Here Mr.. Hyde entered into an explana-
ton OF his expense accounts and the in
creases of salary to his subordinates all
OF winch, ne said was warranted and rea-
sonabie Mr.. Hyde said he regretted to
nave to take direct issue with President
Aiexanders assertion that he. Alexander
| had demonstrated with him. HYDE
having entered the society at an early