The St. Louis Republic., 1905-09-29
MORGAN UNABLE TO KEEP HIS BOOKS
FROM INSURANCE INQUIRY committee

This Il the contract under which Mr.
Desbecker. with . number OF other agents.
sntsrsa 81 the employ OF the New York Life
C0CHsEL o. COMMITTEES
1ASlsTs on A1sWERS.
Wails ": Perkins was On the stand
during the afternoon there wao somewhat
Cf q clash between the witness and Mr.
Aughss. The 0fse Of anything OF this
misses began IL ions sssacna TT + xas sas shen sfa,
= Mr IL, ,reSksn: & % 80 te.sifytng 70 the money.
S.rns sa,se as e not Z a:ns ssses It to
on the records that the agents paid par!
OF their salaries into the fund under con-
psared, He said to Mr. Hughes tha, b.
fron :omsshins. and hs the Counsel IN S so,!y rs =.
SSr!eH SH,s that hs vas NOT. ard that n NJ.
peter progress would be made with the
Earle. in the day Henry r. Winthrop
eented q statement q: the transfers OF the
stock OF the Equitable at tho t:,ne II Is
snanSe of ranasesnent. ard the director
VAS able 90 explain. but some he WAS
not. Al :he time q: those transfers NJ
ssE Wssntn:1E was the holder Of ,-en:y-:iv.
Sha:es He thought :he actual owner VAS
James H. Hyde. AZ he turned the checks
for dividends over TO Mr. Hyde.
WINTHROP EXPLAINS
DETAILS OF TRUSTEE ACCOUNT.
.,Mr, MI Winthrop was again called to tn.
isanG R,sa,e euss nefo.e adjournment. Mr.
trustee esns cssh: :as to err srsan
the Gay. M. Winthrop presented a type
Wfisten statement OF the account. and
ssald the loans would be paid on in a
few days. and the eo;iaterial entered on
the books OF the company.
befose Nr, Buckner retired. however. he
was asked TO produce &, statement Of the
Of the real estate held there. and the
ton
NJ: Buckner had been questioned mos,
and its cost 10 the home of':ce. The
COMMITTEES will resume its sessions to-
CREAvEs DOES NOr KNOW
WHERE THE MONEY CONE FROM.
Henry Grsave.. a clerk employed b. the
Equitable Life Assurance Society. cun;:n-
wss begun. He gave further details 0:
the payment Of checks To the George H.
squire trustee account. Concerning one
entry e.. 70, o: st;". deposited TO "a. acc"un;
orawal OF IT.. sC.n by draft. Mr. 6r.ayes
said he knew nothing. He did not anow
whese the money came from nor by whom
Information a. to the profits OF one anch.S
tn;erss; In . Chicago and Alton syndicate
credited TO the George H Squire trustee
account
Other syndicate profits IN 1sne and 1916
deposited with the American Deposit and
Loan Company to tho credit Of this ac-
count w,'ness was unable to explain. On
was opened ard q haisnce ~ ~ ~ IS Tt1 nas
credited The bank deposit book MAS kcr,
BY Thomas u. Jordan. At thst dine con,p.
tDnes OF tho Equitable. Checks for de-
deEvefed TO Mr.. Jordan.
LARGE ENTRlES ARE MADE
AT TINE INSTANCE OF SQClRE.
Another entry In tn. George II. Squire
trustee accoun: urd.r date Of N,v =
1ss ~ was the first ray-nen, ot $500 n a
Tvs: ySa'2n syndicate call BY order Of
This money was hnr,cwed from .bo
Equitable Trust Company by James II.
Msds; On Nav $ on the participation Ger
ness!y ~ s rnakinE the entries a: the direction
Another .n'ry showed a lean from .he
inG tie seco:.d call on the navication syn
sicats. and this Was paid oI. Tho or.:.r ~
~ Hyde October & i.,c ano,ner loan Of
Trust 10 cover another call on M. Sayi- /,
eatinr Syndicate. ana January Is laC. n
y. |. per csi' call required another Ioa:, " (;
81 :. ~: ~. July ., 1916. nth ci,i .,e,naaGst .
l:autabi. Trust Company TEes. call. /
~. tars S.i:, on re oris. OF jaime: H. Hyde:
N April Is. ia<, another Sor s.F.. "a re- |,
.ace II" loan from the Ear,tab 81. rrvs. /
ompany. or sCcoUa: Of the Saviea,inn |
= nS.case. a1f whs, the dividends cam.
Y they We're not crn.,,;.t 10 the George /
,ccoun. - sill running and is carried on
he books -: the EIui,abl. LIZ. A.surAnr.
socisty.
'Ql IRE AGs,0VNr LO&x
SRNuED FOR EQiITARIE Trust.
Harsy E"sers Winthrop. financial mar-
ger ~ the Equitable I.ife Assurance Sc-
iety. was cscsile'! 20 TIE STAN! II. said
be- G'oEsc II Squire trustee .ccnun. i6an
rust Company. 'n ~. nam. If I. NJ |
sai!.y; trustee. NJ. Winthrop -a.d ~.
e igi'shl. Trust Company ''o!:s the Ega,-
abb. l.t" AssYrsnr. society .~s.onsinI.
or the loan. ard that ~. account will bc
ak.n ny ia The name cf til. E2v!.at!e
y" Assurance Sr-iety.
The total sum borrowed on s~-n:r. ~
he NarIsa'irn Syn!rs'. W. 81. 80 and
n .h!s 81 has been paid NJ. Min
sE"p. ~ sr-s". 90 question by NJ
lrShcs. counsel 90 IN. committee said
Ia: In hts opinion all the money involved
ihe transaction was money that really
cionec'i TO the Eau;tsnis Ils" As.urance
cc!.tv.
\ letter 60 IN. pres.i,r, Q, IN. E.,,,,-
S'i.d ty George II Sgulr. stated .s,. |
e Vas "rt.nS tn IA. above matters r-I..-
6 - -" George II Syuir- trustee ar-
'u'l'. FOR ths Eg.i;shl. Life Assurance. |
J'isty, that Re VAS not personally re- |
'oasib'". tNa- all checks wee sy,hia., 30
- signatures Of William IL NcI:iyT,. , ,
seT-Ss II jordan and George II S.i!.re !
~ TIA: al Tcn.rs IN both gre .!e,,os.,
~ loan accounts bS!o-Sei 70 ;se Ea,;i:- l
be flf. hs.g-grc. Society q,
~ ARaPINs.
ma IMPORTANT RECORDS.
.ir. Winthrop Sa> a.sss' sirG: n check |
Evn - -. Order - ths society IN An