Daily Kennebec journal., 1905-12-12
Is Now Ready to Answer
Any and All Questions
Il Given Another Chance Be.
fore Insurance Committee.
viii DivuIge Harrlman's Threats on Advice
Of Counsel and Jerome.

New York, Dec. 1.-THE legislative
life insurance investigating committee
appeared, tonight, to have succeeded in
its attempt to make Thomas F. Ryan
divulge what E. H. Hartman said or
threatened to do to influence him to d.
vide his control of the Equitable Life
Assurance Society. District Attorney
William +. jerome, who was asked by
the committee to take steps to punish
Mr.. Ryan for refusing to answer the
questions about Mr.. Hartman, report
Ell to the committee, today, that he had
informed Mr.. Ryans counsel that MIR.
Ryan ought to answer. Mr.. Jerome al
son wrote to the committee that ne was
satisfied that Mr.. Ryan would answer
if brought before the committee again.
Mr.. Ryan, who bought 502 shares Of
the stock of the Equitable Life Assur-
ance Society, last summer and placed
them in q trust to be voted by three
trustees, of whom Grover Cleveland is
one, was on the witness stand before
the insurance investigation committee,
last Friday. lie testified that on the
day he got possession of the Equitable
stock, E. H. Hartman, president of the
CIllOII dClllC idllEOtuS anu IL ulTtCtOI
of the Equitable Society, asked him for
a share of the stock What Mr.. Harr-
man said TO him to induce him to part
with that stock, Mr.. Ryan refused to
say.
The specific questions which Mr..
Ryan declined to answer were:
Did Mr.. Hartman say there would
be any result injurious to your inter-
ests in case you refused to admit him
to share in the ownership"
Also:
Did he say that any action on the
part of the Legislat ture or of any Off
cial, any officer of the government be
taken in the event that you refused to
accede to his request"
Chairman Armstrong directed Mr..
Ryan to answer and, when he persis-
tently refused, asked Mr.. Jerome to
punish him.
Subsequently, Guthrie, Cravath and
Henderson, counsel for Mr.. Ryan, gave
out statement that they have adj
yised Mr.. Ryan that he should answer
the questions and that he is prepared
to do so whenever recalled by the in
vestigating committee. The commit
today, in inquiring into the affairs of
the Provident Savings Life Assurance
Society of New York. Charles E.
Hughes, counsel for the committee,
had brought out by questioning Ed
ward w. Scott. the president of that
company, that when Frank r. Hadley
of New Bedford, Mass. secured control
of the company, in 1896, he borrowed
$4,000 from the company on his COL
lateral notes to pay up for the stock Of
the insurance company.
Mr.. Scott testified that Mr.. Hadley
never repaid those loans and that the
insurance company realized only
$4,000 on the sale Of the collateral
Companies in which Mr.. Hadley was
interested failed and he committed
suicide.
1T cost the insurance company just
$132. 900 for Mr.. Hadlty to get control
Of it" said Mr.. Hughes.
Besides the 1852 900 Mr.. Hadley had
borrowed 100000 to pay for the assur-
ance cOmpany's stock and had put up
that stock as collateral. Mr.. Scott
testified that he bought that stock at
auction after Mr.. Hadleys death and
borrowed the money to do it from the
New York Security and Trust Co.
John A. Mccall. president of the New
York Life Insurance Co.. M. Scott
said, John A. Horan. brother-in-law of
John A. Mccall, was made comptroller
of the PrOvident Savings Life Assur-
ance Co. at $4,000 year.
Mr.. Scott testified also that his four
sons and nephew are employed by the
company of which he is president