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.Gen erai Mayer
Yesterday Hyde Wants to Help
! Along suits 10 Recover Profits From,
Director May Force Out twenty.

Yesterday Mr. Hyde Wants to Help
! Along Suits 10 Recover Profits From
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 Delmonico's downtown
restaurant. and the news Of II quickly spread
through the Wall Street district, causing
recurrence Of the anxiety that was felt
in good many quarters upon Mr. Jerome's
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 Lauterbanh who il 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 IL 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.
I'm the course Of the luncheon Equitable
affairs were discussed in general way
and Mr.. Jerome took occasion to jolly Mr..
UnSermyer and Mr.. Iauterbaoh little.
well, Julius" said he to the Attorney
General. -we'll put all the guilty ones in
Sing Sing frst 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.. Lauterbach had left that
the District Attorney entered into serious
talk with Mr.. Mayer. The Attorney
General told Mr.. Jerome as fully as he 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
III much az possible from other work while
he studies the testimony in the Hendricks
report. He may 60 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 Untermyers
conference with the Attorney General at
Delmonicos 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 IL. and will he away
until the middle OF September. To facil-
tate the trial Of any action that might he
brought Mr.. Hyde, Mr.. Untermyer said,
would waive all teohnicalitiee.
The action against Mr.. Hyde. as 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 it 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 3s
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 F.. TarbelI,
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
society's records most thoroughly, and
there will be nothing about The society
that isn't known to is when they finish"
When asked whether the resignation
of Archibald C. Haynes al general manager
for this city was going 10 affect the society's
business seriously in New York, Mr.. Nor
ton said
40 man is 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
They will come together gain
to-day, when it 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 special meeting, to be ca lied
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
Office while Mr.. Jerome was in Kansas. but
I. x~ao amid nj that time that his Wait had