The Barre daily times. (Barre, Vt.) 1897-1959, 1905-04-17
DEFENDS
HIMSELF
Vice President Hyde of the
Equitable.
WRITES ANOTHER LETTER
Claims He Has Been Unfairly Treated
in Equitable Case Explains Ger
tain Transactions-Alex-
ander's Reply.
WRITES ANOTHER LETTER

New York, April Thames H. Hyde
sent the following letter at New York
Saturday:
New York. April IS, 1905.
II. c. Frick, Esq, chairman of in-
yestigating committee of the Equitable
life assurance society
Dear Sir: Your committee has en-
joined me and all the officers Of The So
Getty from discussing in the public press
matters covered by your proposed in
yestigation, and it has been impressed
upon all of US that the daily publication
of scandal may gravely injure the So
eiety's business. | have absolutely kept
faith in this matter, but | will no longer
suffer the concessions which | have
made for the benefit Of the policyholders
and the society, and the steps which
have voluntarily taken, to be misre
presented and distorted in the public
press by those who have not kept faith,
and who viii never keep faith. This
mornings papers contained certain
statements about me which are de-
signedly misleading and essentially
false. I, therefore, propose to make
the facts known. They are as follows:
At the outset of the present Equit-
able controversy / was charged with
having been a party to various under
writing syndicates known as james III.
Hyde and associates where participa-
tions had been taken, and where it was
claimed that the underwriters had made
profit by use Of the funds of the Equi-
table society. No such profit had in
fact been made by the use of the funds
of the Equitable, but there had been
syndicate known as the James H.
| HYDE and associates" including James
w Alexander, president of the society
(whose participation was always equal
to my own), and this syndicate had
been underwriters Of number Of bank
| ing issues Of securities, and the Equi.
| table society purchased in some in
stances, in the ordinary course Of bust.
ness. securities which had been under
written by this syndicate.
At the outset of this controversy
flames w. Alexander and | were botl
advised by counsel that as TO any suel
Syndicate transactions in which any of
fcers of the Equitable society haS
been interested. a fall statment shonlC
be made up and laid before the boart
| of directors. and whatever law and jus
| tice required regarding them should b,
done BY the officers concerned. Follow
ling the advice above referred to, ! Elk
Iamined all these syndicate transaction
and deposited my check for SCI 1869
with the treasurer of the society a
Trustee. This amount represented m.
Ientire profits from syndicate transac
tions of the character above mentioned
with per cent interest up to the dat
of such deposit. This deposit was ac
Icompanied by the statement that
made it because preferred to have an,
Question about this matter settled witt
| the money under the control of the 50
lefty, and that this deposit was made fo
the benefit OF the society, if the boarl
of directors thought the money shoul'
be retained BY it, or returned to me i
Lit should be determind that was en-
Titled to it.
| In other words, this money was de
lposited to be disposed of as the pro
Ipriety of these transactions might b
finally determined made no restitu
ltion. | admitted no wrong doing.
admit none now. | merely put the 50
Iciety in the position to make itself &
lon so far as was concerned if it shoul
be determined by proper authority tina
transactions of mine, innocently made