The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-07-11
JEROME TO STUDY EQUITABLE
WHILE HE READS TESTIMONY
CANS WILL RUN OFFICE.
Conference with Attorney.Generai Mayer
Yesterday-Nir. Hyde Wants to Help
Along Suits 10 Recover Profits From

NeSteruay-Mr. Hyde Wants to Help
Along Suits 10 Recover Profits From
Directors Force Out Twenty.
District Attorney Jerome had confer
ence with Attorney General Mayer yester-
day on the Equitable scandal. The meet
ing took place in Delmonico's downtown
restaurant, and the news OF it quickly spread
through the Wall Street district causing
recurrence OF the anxiety that was felt
In good many quarters upon Mr.. Jeromes
last visit downtown on Equitable affairs.
just before he started for the West.
Mr.. Jerome had not expected to meet the
Attorney General, but when he did run on
to him he insisted upon having conference
right away.
Come on, julius. Let's dine together;
let's let the people see us and insurrect the
public mind" was the way Mr.. jerome put
1t to the Attorney General.
Mr., Mayer explained that he was at lunch
eonupstairs with two friends, Samuel Inter
myer, counsel for James Hazen Hyde, and
Edward Lauterbach, who is representing
ex-President James W. Alexander and he
invited Mr.. Jerome to join the party. With
the District Attorney was his assistant,
Attorney this week. while Mr.. Jerome
devotes his entire time to the Equitable, and
he also was included in the party.
In the course of the luncheon Equita bic
affairs were discussed in a general way
and Mr.. Jerome took occasion to jolly Mr.,
Untermyer and Mr.. I.auterbaoh little.
We'll Julius, said he to the Attorney
General, 'we'll put all the guilty ones in
Sing Sing first. and then II things aren't
right there, why Of course We can arrange
to have them moved to other iais later"
1t was not, however until Mr.. Hyde's
counsel and MIR. Lauterbach had left that
the District Attorney entered into serious
talk with Mr.. Mayer. The Attorney
General told Mr. Jerome as fully as he was
able the contents of the volume of testimony
given by the Equitable officials on which
the Hendricks report was based.
Mr.. Jerome will put his assistant Mr. Cans
in charge Of his Office and relieve himself
as much az possible from other work while
he studies the testimony in the Hendricks
report. He may go to his home at Lake
Vile. Conn, to study the testimony. but
II ne does he will be in town of and on to
hold conferences with persons interested
in the Equitable scandal. 1t was said yes
terday that MIR. Jerome. before he got
through with his examination Of the Hen
bricks testimony would probably have had
most OF the persons accused by the State
Superinte ndent Of Insurance before him
to answer questions.
The purpose Of Samuel untermyer's
conference with tho Attorney General at
Delm onico's was to arrange for any SER
vice Of papers that Mr.. Mayer might de-
sire to make on MIR. Hyde during Mr.. Inter
myers absence in Europe, He sails to-day
on the Kaiser Wilhelm IL. and will be away
until the middle Of September. To facli-
tate the trial OF any action thai might he
brought Mr.. Hyde. MIR, Untermyer said,
would waive all tecinicaties.
The action against Mr.. Hyde. as well
as similar actions against other directors
who stand accused Of ha wing wrongfully
pocketed profits from transactions with the
Equitable will probably lie begun some
Yesterday that he expected to know def
nitely before the latter part of next week
what directors he would name in his suits.
These actions will be brought Individually.
but it was learned any action which the At
torney General may take to compel directors
to retire from the board will be general in
form. There will be no discriminating
among those who have violated section 20
of the insurance la W, which makes forfeiture
OF Office and disqualification the penalty.
1t was said yesterday that such an action
would hit between fifteen and twenty di-
rectors.
District Attorney Jerome on his way
back to his Office after the conference in
stopped in at the Equitable
Building. When he was questioned in
regard to his presence there, he said he
had merely dropped In out OF the wet.
Chairman Morton and Gage f. Tarbell,
with whom Mr.. Jerome conferred before
starting on his Western trip, denied that
he had called on them.
Mr.. Morton was asked whether the evil
dence which the pubic accountants now
at work on the Equitable books under his
direction obtained would be turned over to
District Attorney Jerome, and he replied
that that would depend on what the nature
Of the evidence was. Mr.. Morton added:
THE accountants are going through the
society's records most thoroughly. and
there will be nothing about the society
that isn't known to us when they finish"
When asked whether the resignation
Of Archibald c. Haynes as general manager
for this city was going to affect the society's
business seriously In New York, Mr.. Nor
ton said;
no man is bigger than the Equitable
society
The trustees Of the Thomas F. Ryan stock,
Grover Cleveland, Justice Morgan j. O'Brien
and George Westinghouse, met yesterday
nj the Hotel Buckingham to continue their
of names suggested for the
nineteen vacant places on the board Of
directors. They had nothing to say for
publication. They will come together a gain
o-day, when it is expected that they will
complete the list. The announcement Of
The names. however, will not be made until /!
they have been accepted by the board Of
directors at special meeting, to be called
next week.
Paul D. ravath, one Of Thomas F. Ryan's |
COUNSEL made one or two attempts yester-
iay TO see the District Attorney. 1t was
,aid last night that meeting had been
arranged between them for to-day. Mr.. |
-ravath called at the District Attorneys |
i.