New-York tribune., 1905-11-29

ness thought the payment was made az the
order of the New-York Life. A. r.. Nichol, agent
OF the New-York Life, took over the account
subsequently.
At this stage in the proceedings Mr.. Hughes
began to read the testimony of George II. Squire,
taken at his house by members of the committee.
Mr. Squire was secretary OF the executive COM
mittee of the Equitable under the Hyde regime,
and many strange proceedings have been un-
covered In which his appears. Mr. Squire's
memory apparently failed him almost COM
pletely, and the members of the committee who
saw him spoke sympathetcaliy of his physical
condition. The testimony long account
of a number Of tangled transactions. One, that
OF the Lawyers Title Insurance Company,
where stock had been bought from the Equitable
and later resold at great advance, he recalled
dlmly. Hyde, AlexaId.r, Squire, wheelock Nc
Intyre and Senator Depew all seemed to have
share in the 1000 shares thus played with, but
Mr.. Squire could remember nothing about the
check received for his share of the profits. Mr..
Squire recalled that various officers had sent
stock to him to sell and he had sold it In his
own name. He could recall a sale for Depew, but
no one else.
The George II. Squire Account" one Of tlls
earlier yellow dogs" was started. Mr. Squire
testified. at the request of President Alexander,
who borrowed the use Of his name. and was
kept by T. D. Jordan. the former controller.
OF the various syndicates Mr.. Squire testified
he had kept no record, and could not tell about
them. He recalled share of 100000 by Will
lam A. Wheelock in one syndicate which other
officers were in, and on which the Equitable
paid all the calls Admitting that the officers
of the Equitable went into syndicates to make
money, Mr.. Squire ruefuIly recalled the fact
that he had lost $4,000 in the James H. Hyde
and Associates syndicates." Mr.. Squire's tesd-
mony was of little real value and no important
revelations were contained in it.
THE TARBELL COMMISSIONS.
Alfred w. Maine, an aotuary of the Equitable,
was called to tell about the purchase for $751;
600 Of the commissions Of Gage E. Tarben OF
the Equitable in his company. Mr.. Maine figured
that Mr.. TarbeITs renewals were worth about
$2S.O0O year and to for a number
of years. Mr.. Hughes got tangled in the offhand
estimates and asked for a table and Mr.. Maine
withdrew to make one
George T. Wilson, vice president of the EQui-
table in charge of its foreign business. was
then recalled. He admitted that the business
of the company in Great Britain and in Aus
traIia had proved an expensive venture that
the cost in Australia Of new business exceeded
the receipts always and that this was usually
true in Great Britain. Mr.. Hughes suggested
that if 1t were not for the American policyholder
the Equitable would have to stop its operations
in Australia
George H. Squire's counsel, Rastus s. Ransom,
then took the stand and produced check
book of his client which materially helped in
showing the disposition made of the $22.754.8S
of profits in the Lawyers Title Insurance and
Trust Company stock sale, which had been
more or less of q mystery. Mr.. Squres stubs
the following payments, including the one to
Mr. Hyde already referred to.