Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-11-15

I amounting to s435.oO0, from which he
deducted his losses In syndicate trans.
actions, amounting TO s2S,6l5. ana the
| S2l2,50O paid on the S6S5,000 loan, which
left balance OF sl93 SSi. or an averag
| annua! income OF tl7,6s7, TO which was
added the average income from his
offices in the trust companies OF $lO,5O0
| Witness said he presented this state
ment to show that he had been msrep-
resented
The instructions to Mr.. Jordan ana
20 a. G. Fields, the Legislative geuer-
| allssimo.' as Nh Hughes referred 10 his
today, Mr.. Hyde knew nothing about
! He said he never consulted with MIR.
| Jordan about legislative matters ana
| that none OF the legislative measures
affected him or his interests in any
way,
The syndicate operations of j, II.
Hyde and associates were gone into
very thoroughly. and Il was shown thar
In 20 syndicates Mr.. Hyde sustained
| personal losses OF S2SGl5. Mr.. Hyde as
Cribed the appOrtionment of the Eqult-
able's allotment OF bonds In syndicates
to officers OF the Equitable Life to the
customs and usages OF Wall street
OF the formation of the j. IL. Hyde
and associates syndicate, Mr.. Hyde said
Mr.. Alexander suggested II for the con-
venience of bankers
OF the s5O,OO0,00O Union Pacific pool.
Mr.. Hyde said Mr.. Hartman lnstigated
st. and explained It was 10 be a hold
ing syndicate for five years II was
understood this was for the purpose OF
controlling the Union Pacific. Mr. Hyde
signed the syndicate agreement at Mr.
Harrimans suggestion and talked only
with Mr.. Hartman on the subject The
executive committee was not informed
OF this operation. as Mr.. Hyde said that
Mr.. Alexander did not think II neces-
sary, and Mr.. Hartman requested that
the committee be not informed OF II.
He said that Mr.. Hartman even re-
fused TO give statement OF the pur-
poses OF the pool to the superintendent
OF Insurance when he was 'clamOrng
for IT, last spring.
Ecllpslng all this sensational testi-
mOny, however were the statements Of
Mr.. Hyde concerning former Gov. Odell
and Mr., Hartman relative to the set
Element of the Shipbuilding company
suit against the Mercantile Trust COM
pany. Mr.. Hyde said that Mr.. Har-
rlman came to him and advised the set
Element OF Odell's suit as he feared that
pow erful influence at Albany would be
invoked in retaliatory measures, Mr.
Hartman suggested as one of these
measures the revocation Of the charter
Of the Mercantile Trust company Mr.
Hyde knew of no actual steps that were
taken, nor Of any bill that was intro
duced bat he was beset with rumors
that such steps were about 10 be taken
by legislation. The Equitable Life, he
said. was not interested beyond the
connection Il had with the Mercantile
Trust company.
Mr.. Hyde was under the impression
that the Mercantile In settlement re-
tanned the bonds and paid Mr. Odell
about SIS 600. The original claim Of
Odel was about sls0,0O0 The bonds SUBJ
sadueutly Melted about 80 cents on the
dollar Mr.. Hyde said Mr.. Hartman
suggested the settlement Of the suit and
that the counsel and members Of the
executive committee of the Mercantile
Trust advised II, and he commended
1t.
Charges Of conspiracy to get him out
Of the country were made by Mr.. HYDE
against Henry C. Frlck and r.. n. Har-
rlman in connection with the reported
aspirations OF Mr.. Hyde TO become am
bassador to France He said Mr.. Frick
inspired the idea and witness took e
as iolSe at first but when Mr., Frick
Drought III up ilter, MV, ltyde was ndt-
tered, and both Mr. Hartman and Mr..
Frick promised to use their influence TO
secure the appointment.
Again Mr., Hyde waXed bitter in his
explanation Of the extraordinary inter-
est these gentlemen had in his absence
from the country. He said he thought
their idea was that they would acdult
themselves OF their friendly steward
ship with great profit 10 themselves"
and added that the nature Of their in