The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1905-11-18
U0ELL 70 ANSWER
CHARGES BY HYDE
EX-GOVERNOR ASKS PERMIS-
SION TO REPLY ON STAND
BEFORE INSURANCE PROBE.
HARTMAN ON RACK
IN INVESTIGATION
Declares He Could See No Wrong in
His Business Relations with Ex-
Vice President of Equitable Com
pany-Hyde Again Testifies.

Vice President Of Equitable Com
pany-Hyde Again Testifies.
New York, Nov. l6-Former Gov,
b. B. Odell, Jr., Wednesday requested
Chairman Armstrong. OF the insurance
investigating committee. TO call him
Cefore the committee and give him an
opportunity TO testify under oath in
reply to the testimony OF Mr.. Hyde
given before the committee
Hartman on the Rack.
e. H. Hartman, president of the
Union Pacific and Southern Pacific
railroads. was called TO the stand in
the insurance investigation Wednes-
day afternoon He testified that a
five per cent. participation in the Union
Pacific syndicate was offered to
James H. Hyde, but Mr.. Hyde said he
could not swing such large thing,
and that he would interest the Equit-
able Life. Mr.. Hartman said he
did not want the Equitable in the syn
dictate unless his confidence could be
guarded. Mr.. Hartman said he thought
1t was perfectly proper for the
Equitable Life to buy the Union Pa
cific stock under an agreement not to
sell it for five years. He knew none
of Mr. Hyde's personal money was in
terested in the syndicate. but he had
Mr.. Hyde sign the syndicate agree
ment in his (Hyde's) individual Ca
pacity. because nobody would want to
go into syndicate with a corpora
ton. Mr.. Hartman said that Mr..
Hyde came to him and asked him to
use his influence with Gov. Odell in
settling the suit against the Mercan-
tile Trust company.
Denies Suggestion.
Upon having Mr.. Hyde's testimony
read to him Mr.. Hartman denied that
he had suggested to Mr.. Hyde the dam
ger of the repeal of the Mercantile Trust
charter, directly or Indirectly Mr. Har-
riman said Mr.. Hyde came to him year
ago and asked him to use his influence
to have him appointed ambassador to
France. Mr.. Hartman said he told Mr..
Hyde that when he saw the president
he would speak to him about it. Asked
if he recommended Mr.. Hyde. Mr. Harri-
man replied: No Sir" Mr.. Hartman
said the Frick committee never men,
toned the Union Pacific DEAL but in
cluded the matter under the statement
that Mr.. Hyde had committed the So
ciety in unwarrantable transactions
without the knowledge of the committee.
Sticks to Assertions.
James i,aaen Hyde YVES the first wit
ness Wednesday before the Arm
strong committee on insurance in
vestigation. He asked to correct his
testimony of Tuesday relative to Of
fers for his stock. He said he did
receive four offers besides that of
Mr.. Ryan. Two Of these came from
Mr.. Hartman and Mr.. Frick. He
was offered $5,000.OO0 for his entire
holdings, and $2,50OoCO for half of
them. George Gould also made such
an offer. but these were all declined,
because witness did not think one man
should control the society. Gage E.
Tarbell made an offer and said he had
a syndicate ready to buy the stock.
George w. Young also offered to buy
Mr.. Hyde's stock. These were all
verbal offers.
Seven Millions Offered.
The largest price offered was s7,OOO,-
900 by George w. Young. former
president of the United States Mort
gage and Trust company. Mr.. Goulds
the beginning of the row." said Hyde.
at must have been in the be-
ginning of February; the second
offer was made by Mr.. Prick a
few moments before the first board
meeting in February of S ,OO0.O0O for
the entire holdings, or of $4,000 900
for one-half of the holdings. I
declined both of these offers. as 1
did not think it was for the hess
interest of tho society that l should
then part with my stock, or if I
did part with it, l didn't think it
for the best interest of the society
that one individual should control
it. l had no idea Of parting with
my stock at that time. l offered to
trustee it to the society for five
years. That was at the beginning of
this trouble. first offered to
trustee it for five years and then after
wards offered it to the society. to buy
it. and then l afterwards discovered
the society didn't have the right to
buy it"
what was the third offer?"
"The third offer was an offer of
s1,0000.000 from Mr.. Tarbe!l. He in
formed me that he had a syndicate Of
gentlemen ready to purchase it, This
was some time in February"
what was the next offer?"
"Then l also received an offer from
George w. Young of $7.O00OOO. 1
should say that was at the end of Feb
ruary or the beginning of March;
am not sure Of the exact date"
Breaks Worlds Record.
Canton, Nov. 16. - At the state
bowling tournament here Tuesday at