The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-04-20
The Odd Nlnetr-tMo Cent..

The Odd Ninety-twO Cents.
The statement Of that promising
young underwater, Mr. JAMES II. HYDE,
about the check for SOL 1882 which he
says he deposited several weeks ago with
the treasurer Of the Equitable by advice Of
counsel, pending a decision by the Equi-
table board of directors az TO Mr. HYDE's
individual right TO possess the money,
is contained in his letter Of April IS to Mr..
Prick. II is "a follows:
Following the advice above referred to. eI-
amlned all Of these syndicate transactions and
deposited ny check for S6i4is % with the treasurer
Of the society As trustee. This amount repre-
scented my entire prohts from syndicate transactions
OF the character above mentioned, with per cent
Interest up TO the date OF such deposit period
The ninety-two cents are an impress
sive exhibit. They show the accuracy
and fidelity Of computation which ought
to characterize the methods Of every
great financial institution. Mr. HYDE,
in reckoning profits plus interest, did
not lump the total at SCI, Az, az frivo-
lous person might have done under
pressure Of haste and excitement. He
did not even draw his check for SOL
4469O, evadng the restitution Of the
last two cents Of interest.
In the same letter TO Mr.. FRICK, Mr..
HYDE stated that Mr. ALEXANDER was
one Of the underwriting syndicate in
the basement, and that Mr.. ALEXANDER's
participation in the profits Of under
writing securities purchased by the
society was always equal to Mr.. HYDE's
own share.
Mr.. ALEXANDER has been reported as
denying this theoretically and broadly, if
not altogether with the exact attention
to detail which distinguishes Mr.. HYDE's
treatment Of the same subject The odd
cents, and even the odd dollars Of the
alleged transactions do not seem to
bother Mr.. ALEXANDER vet.
To meet Mr.. ALEXANDER's denial Of
equal participation with Mr. HYDE in
the profits of this remarkable under
writing, Mr. HYDE caused TO be published
yesterday list Of eight checks which he
implies were sent by him to Mr. ALEX
AMBER on account Of the latter's equal
participation in the profits. The alleged
remittances cover the period between
July 30, 1892. and Jan. %, 1895, and vary
in amount from 81 $40 TO s2s ,283.si. Mr..
HYDE does not neglect the odd cents
here, either. Singularly enough, the
total Of his eight checks amounts to ex-
actly SOL 1882, corresponding to a cent
TO the sum deposited by Mr. HYDE with
the Equitable's treasurer az trustee.
If both OF these statements by Mr..
HYDE are true, the coincidence would at
first sight seem to indicate Mr.. ALEX
ANDER's equal participation, or at least
an intention on the part of james II.
HYDE and Associates that Mr.. ALEX
AMBER should equally participate But
when we call singular the exact coinci-
dence Of the total Of the alleged remit
tances Of profits by Mr. HYDE with the
total Of the eight checks concerning the
safe receipt OF which Mr.. HYDE now asks
Mr.. ALEXANDER, We mean that 1t was
singular
For Mr. HYDE says in the first Of the
foregoing statements that his check Of
Sol .448g included interest on each Of
the several transactions Of varying date
and varying dividend, and in the second
statement he reaches precisely the same
total S8l, 446.92, down to the last two
cents, by adding together the eight items
of the checks sent TO Mr.. ALEXANDER,
without reckoning interest on all or any
OF the same.
HYDE's profits, therefore, plus interest,
foot up precisely the same as ALEXAN-
DER's. without interest. We commend
the curious circumstance TO all account
ants who are interested in the paradoXes
Of their science.
This seems to be muddled sufficiently
for Equitable purposes. But Mr.. ALEX
AMBER now adds to the confusion by
giving out letter written to him by Mr.
HYDE on March -, in which Mr.. HYDE
puts another face value on the famous
check of qualified restitution:
J. have now taken advice about them. and have
made up my mind that there has been allotted to
me out OF the pronts Of these syndcates transsc-
lions the sum Of SIS 22s ST. TO which there may be
A reasonable basis for a claim that should account
for u 10 the society"
Perhaps this is the sci 1892 plus in
terest; but who, after reading Mr.. HYDE's
statement to Mr.. FRICK, can be sure Of
the fact? The moral seems TO be that
the mathematics of the qualified restitu-
ton and the character Of the transactions
behind the qualified restitution should
be examined by experts connected with
neither Mr.. HYDE's interests nor with
Mr.. ALEXANDER's cause
The Price OF Furs.
Y,riga Of r,,aha