New-York tribune., 1905-04-19

graceful struggle by this young mans trustee
TO take from hts ward his property clears away
and we are permitted calmly to view the treach-
erv and seIAshness of the assault. everybody will
wonder on what ii was based
MR.. ALExANDER's DENALs
Under date of April II Mr.. Alexander wrote
TO Mr.. Frick. chairman of the investigating
committee denying his membership in the syn
dicate He inclosed a letter from Mr.. Hyde
asking for a settlement of the syndicate profits
and his own reply. His letter to Mr.. Frick said
in part:
deny that have ever knowingly participated
in the profits of any syndicate formed for the pur
the society was to become purchaser Mr.. Hyde's
statement TO the contrary Is incorrect i 90 not
describes as James II. Hyde and Associates The
records OF thlS sqGaeu b aIe enied % ~ access
TO them despite repeated requests for the facts
Mr. Hyde that ]. Would not be participant in any
syndicate formed for the purpose of selling the
have cautioned him against involving himself in
Early " In January Mr. Hyde delivered to me two
checks aggregating $4,000 which he stated were
syDdieads which found upon prompt nvest-
cation had underwritten securities to be sold con-
this declined to avail myself Of these profits and
forthwith turned the amount thereof over to the
society's cashier. Contrary TO Mr.. Hyde's intima-
tion, this was before any controversy had arisen
stated in SIr Hydea letter. but soiey on my own
judgment to the propriety of the transactions.
MR. HYDES ACKNOWLEDGEMENT
Mr.. Hyde's letter, which Mr.. Alexander sent
with his own to Mr.. Frick, asked for a DISPOSE
tion Of the syndicates affairs 1t was dated
March %. Said this letter.
It never occurred to me until after our recent con-
troversy began that ony of these transactions were
OF a custom which found in existence when l came
made with due regard the interests of the society
and We're beneficial and profitable to it.
But l have taken advice about them and
have made up my mind that there has been allotted
tions the sum of $6 2S 81 as to which there may be
reasonable basis for claim that l should account
ton o about this settled with the money under the
withhold it, and l have accordingly drawn and am
about to deliver check for that to NJ.
Murray trustee for the benefit Of the society if the
turned to me if it is determined that am entitled
There is also the matter of the Cambon dinner,
the cost of which was thought proper charge 10
advertising following the common custom Of other
companies concerning such entertainments. There
Isv g. COST yb;cS S W., S5S $50 n bI cforo ~
u. Murray, trustee.
DEMAND FOR INFORMATION.
Ar. Alexander sent to Mr. Hyde the follow
ing reply:
The only criticisms of which have any llnowI-
edge are those which I have myself expressed and
proper disposition of these transactions is necessary
between You and Therefore. I must say 1
that there has been % any delay moan or which am n
any any way accountable When brought up the mat
the special committee of twelve recently appointed
by the board of directors the progress for which
you now seem so anxious could readily have been
made had you then expressed your desire to have
that the receipt by YOU Of syndicate particpatidns 8
OF OF, pr pFonts @ was mere continuation OF custom
@ Whicn you found in existence when you came into
lhe sum OF %1SZ3S 5l, which, as you say, you have
made up your mind that there may be a reasonable
ciety." 1 therefore not prepared to acqulesce in
The suggestion Of your letter that it covers every
which must be thoroughly sifted. If you will have
prepared a complete statement of the matters
which are the subject OF your letter. together with
the records Of your office in connection Herewith.
viii be in a position to pass upon them need
all the data on these subjects.
astonishment that it should have been treated as
an advertising scheme which you supposed would
benefit the Equitable Society. Until received your
letter / always understood and believed that the
as q personal and social compliment to the French
Anlp3ssador. 30 the invitations read and l per
dinner to the society without the knowladee Of The
president is a subject uDon which ash informa nte
ton As the president of the society I also ask
items you have paid for out of the funds of the
Let me express my surprise that the advisers to
whom you refer should have allowed YOU TO make
5I SUN UNIV u|I|aITanted ana uniounded imputations OF
motive prompting the resort to such imputations
than to make record which they imagine will in
some way tend TO eXculpate you jrVolve me.
The facts cannot be changed by any such method
Mr.. Hyde wrote again March 27 said Mr.
Alexander substantially repeating what he had said
IN relation to his payment TO the cashier of profits
from syndicate partcipations. and saving with ref
erence TO The Cambon dinner that there was no
occasion for further discussion of it.
Mr Alexander replied under date of April 5,
he told Mir. FTick TeiteratinE his request for a
complete statement of the transactions and re-
lnlndlng MI Hyde that all the data on the subject
We're in his possession.