New-York tribune., 1905-06-23


years. But, above all inquiries to alleged de-
inQuences the greatest necessity of the situa-
tion Is that the rights OF the policyhoders in all
respects be ascertained clearly and completely
and quickly a is legally possible In this
and other particulars I shall try my best to OBJ
tain results If any crime has been committed
by anybody that situation is manifestly for the
District Attorney
District Attorney Jerome teegTaphed in the
morning to Superintendent Hendricks. asking
for copies of his report. that he might study it
in connection with proposed investigation he
would make He received n reply. saying that
the reports would be forwarded. Later he
ccived word from Governor Higgins that any aid
he could render would be Forthcoming. The Dis
trfct Attorney refused to talk about his investi-
CATION. 1t is understood. however. that he in
tends 20 take up the syndicate transactions and
some OF the STOCK transactions in connection
with the EquitabIe's subsidiary companies
Although everybody connected with the Equi-
table lad expected that the Hendricks report
would be Sc cth.ng in its findings the reaity ex-
ceeded the widest speculations of any Of the
persons under fire. It a thunder5ot. not
exactly from the biue but sufficiently Cnex-
pected to stun everybody into speechessnesS-
everybody. ttat is. save Gage f. Tarbel- MI
Taebeil vindicated by the report, could not re-
strain his exuperanse. and showed by ms eneire
CemeanOr the pleasure ne leit Ii1ee Ms
of1icially had been declared blameless, He couio
conceive now no reason Why his enforced re''S
nation should he accepted. he said
,ltbars who formerly were connected with the
rsritable also were joyous. Brayton Ives. one
of the Frick committee, declared that "hateVVi
that body had said about the officials or tiie
mana cement of the society had been pretty
thoroughly confirmed by the State insurance
Departments findings.
1T IS naturally gratifying to know that the
findings OF the Frick committee have been con-
fr-,ed he said IF our committee erred at all,
4 erred on the side of 1eniency. 1 felt from the
outset that that should be attitude, KNOW
ing as / did, that the suoerintendent's mVesI-
CATION would be more free from the charge or
personal bias thsn would that of the Frick
commf-tee if it contained severe censure
Henry c. Frick also wore a large, significant
smile as he passed through the Equitable Build
ing and glanced up at the statue Of Henry B.
Hyde He refused discuss the Hendricks re-
port. but said Of his own committees work:
II don't think we need any vindication"
HYDE PREPARING TO FIGHT.
James Hazen Hyde would say nothing about
the report further than to deny that some state
ments circulated early in the day about it had
come from him or any of his advisers. Sam
ueI UnterTyer. his counsel. said that none OF
Mr.. Ryde's lawyers had made any of the state
ments apparently attributed to them They haS
not made any statement or authorized any
about the Hendricks Inasmuch it
was entirely probable that the Hendricks report
would become the subject of litigation, Mr.
Hyde and his lawyers felt it would he much
better to make their defence in the courts.
Nevertheless. the report. stinging il was
for Mr.. Hyde and his personal friends among
the directors brought from them replies In
which they termed the document ''an attack on
dead men, filled with claptrap.' Mr.. Hyde
had been made the object of Iase personal at
tack his friends said and If the Attorney Gen.
eraI didn't take action on the report Hyde GER
tafnly would bring suit to vindicate himself.
probably making the Equitable defendant tn
an action 10 recover the Sol GOO which he had
deposited with II, representing his profits from
the syndicate TRANSACTIONS.
The leases which had beer criticised so strong
Iy were made By the elder Hyde. and whatever
renewals were executed by James Hazen Hyde
had been made necessary by the terms of the
original leases it said. Mr.. Hyde had not sold
any of his interests in the subsidiary companies
and he Intended TO hold on to his substantial
interest in the Equitable Itself his friends said
That these subsidiary companies were making
larger per cent profits tha. the original com
parry was easily accounted for on the ground OF
their business 1t was said-business built UP
during the course of many years existence.
There big difference between obtaining a
percentage for rentals and doing business out
side of mere rentals, such safe deposit
panies so that there was nothing in that phase
of the report worth considering.
It was admitted that the criticism that his
salary was too high and might legitirnately be
cut was just but to his expenses. he was en-
titled to the expenses which he charged for
trips TO Europe. For these he always produced
his vouchers properly iternized.
TARBELI. THINKS HE OUGHT To STAY.
Mr.. Tarbell declined TO discuss the report. but
did not attempt to conceal his pleasure 1t It's
mention OF himself.
II can't talk about the report" he said 1T
seems TO me that the report Itself speaks for
me all that is necessary.
do you think now that your resignation viii
be accepted" was asked.
''I can't say about that" he answered. some
body else will have TO say about that. I don't
After all, ITSHER'S the Scotch that made the
hi4hbau famous 1t is the best.-AdyI