The Barre daily times. (Barre, Vt.) 1897-1959, 1905-11-16
HARTMAN
Is CALLED
Financier Takes the Stand TO
Reply to Hyde.
ODELL ASKS TO TESTIFY.
Hyde Says Prick, Tarbell, Gould and
Young Tried to Buy His Con-
troll Officers Secret
Deals.

New York, Nov. 16.--Edward ii. Har-
riman, president of the Union Pacific
Railway company, who, with Mr.. Frick
and Others was so bitterly assailed Tues
day by James Hazen Hyde, testifying
before the insurance investigating COM
mittee, was called to the stand yes
terday afternoon by Mr.. Hughes.
AS he was sworn the crowd present
strained forward eagerly in anticipa-
tion of vigorous reply to Mr.. Hyde.
Mr.. Hartman was first questioned as
to the Union Pacific pool. He corrobor-
ated the testimony given by Hyde on
Tuesday as to this matter He admit
ted he told Hyde that the Equitable
could not figure in the pool as cor
poration, but he looked to Hyde per-
sonally.
He also admitted that he asked HYDE
to maintain secrecy regarding the pool
arrangement, and added that Jacob H.
Schiff was not cognizant of the facts
in the case.
Mr.. Hyde continued his testimony
yesterday.
MI IAN Qt HtCttit tQ fft ltdu lOllI OFFERS
for his Equitable stock control pre-
vious TO his negotiation with Mr.. Ry-
anthe offers ranging from 100000
to $7000,000, and one of them, that of
MIR. Prick, being associated in Mr.. Hyde's
mind with the then Forthcoming Frick
report, which witness regarded as reflect
ing severely upon him.
He also denied all knowledge of plan
by which, it is alleged. officers of the
Equitable Society bought securities in
the name Of the American Deposit com
pany (later the Equitable Trust com
pany1, and then sold these securities,
in the name Of the American Deposit,
to the Equitable Society, they taking
the profits.
Former Governor 0delI yesterday AFT
ternoon requested Chairman Armstrong
OF the committee to call him before
the committee and give him an oppor-
tunity TO testify under oath in reply
TO the testimony given by Mr.. Hyde
concerning him. The ex-governor de-
cllued TO make any statement until
he IA sworn al q witness,
Hyde testified on Tuesday that Ben
jainln b. 0dell Jr.. twice governor OF
the state Of New York, had forced the
payment Of $4,000 to himself. He
charged Henry c. Prick and Edward H.
Hartman with forming conspiracy
to depreciate the value of his Equitable
stock and then trying 10 buy II. He
told of how the yellow dog fund.- was
the channel through which insurance
corruption paid its toll to politicians
The following were the most strik-
ing charges made by James Hazen Hyde
in his testimony Of Tuesday,
That the suit brought against the Mer-
camille Trust company, subsidiary CON-
pany of the Equitable, by ex-governor
Odell for recovery of his losses in Unit
ed States Shipbuilding, was settled for
$4,000 on the advice of L. FL Harri-
man.
That Mr.. Hartman advised Hyde,
who was vice president of the trust
company, that If the settlement we're
not made the legislature might pass
a bill repeating the charter of the Mer-
camille Trust company, Mr.. 0dell being
governor at that time.
That Mr. Hyde understood such a
bill was introduced, and that there
after, and as a result of the fear Of
retaliatory legislation revoking its char
ter, the settlement was made by the
Mercantile Trust company.
That Henry c. Prick suggested Hyde's
appointment as ambassador to France,
and Hartman and others favored the
project, because in his absence sthey
would be enabled to aequit their Equit.
able stewardship with great profit to
themselves"
That Hartman and Frick were urg-
ing Hyde not to sell his stock and at
the same time knitting him in the back
while James w. Alexander was also at
lacking him under the disguise Of mu-
tualization."
That the Prick committee was in
big conspiracy to take away control of
the Equitable from Hyde, and that its
report was unfair, that the members of
the committee had decided to seize con-
troll of the stock of the society after
destroying its market value, and that
to this end Mr.. Prick carried on a "reign
Of terror" in the executive committee
of the society.
That Mr.. Frick advised Hyde to move
the adoption Of the famous Prick report,
which, so his counsel had advised Mr..
Hyde, would have resulted in throwing
the Equitable into the hands Of re-
ceiver.
That $4,000 had been contributed by
the Equitable to the Republican Nation
al committee for the last presidential
campaign, and that MIR. Hyde had d.
rected the payment Of $4,000 Of this
on the personal advice of II. @ Frick,
a point not mentioned in the Friclx
report.
That Hyde personally made good
$4,000 Of the famous $6s5,0OO 81.
w. A. No. 8" yellow dog fund, and
al CARD.