New-York tribune., 1905-06-22


Broadway New York
lied. The book value of stock at the time this
| terms of the increase were that it was paid
S gdr @ tn rea Of $50 e shFe o lcs aRd ef on
/ additional share for each share of his holdngs
which "s %as entitled @ Siff to TAXI take 2 shares on this
eeeted S to take % 9py &C. making It's
! the Equitable Society which it did not take were
Shares.
James H HYDE and w H. Mcintyre trustees 7o2
Annie F. Hyde. 20
And the balance. s2s shares to other members of
The privilege Of subscribing ing to this increase
proved Pre- to be very valpable which will appear when
and his friends for the further Increase Of capital
| plains when asked why the Equitable society did
ne not t exercise this privege that he as chairman
| other members OF these committees thought it n
full allotment Of STOCK m on SaFe hs owns m
per nd &c ~ and for his mother and for him
| ing to assume the risk
passed April q 1902 changing the name Of the
corporation to the Equitable Trust Company of
was again increased from 100000 to 100000 the
additional increase to be paid for at $500 share
| The list of stockholders and their holdings on
January e. 1903, the day before the increase. and
also the list of January 2S 1903. Immediately
after the increase are set forth. and the report
continues:
+h VIII VIII De noted that the Equitable society is
she owner OF 316S shares. an increase of 1858
nars9 6F s 9yer o ITS its hSldinss January % 1903 paid
MT Krech IN his testimony states % that at the book
paid in was 8 R peF bare aiJer In inns other m
words words the stock that paid for at $500 per
loss @ the society sis 2s per share, and the
book value of their Stock increased to ssss is
pro1t Of s283 l-3 FER share. very handsome show
10 the a6I soeetv and the shareholders Of
large loss the society by reason Of the determine
WISE for the EGa6e to aRe the ho stock it aoed % to
It, Since this reorganization the Equitable society
average of about s1ooo1ooo at the low rate of
directed by the officers of the Equitable society
strates that they were not soIicitous for the
cietys welfare. but active in promoting their
| NATIONAL BANK OF COMMERCE.
An inquiry was instituted into the consolidation
Of the Western National Bank of the city of New
of New-York. under the name Of the western Ma
m snRder of h United Of b in Bank 6
Commerce. stated in his evidence that he was at
ha5 tine o s @ & o 2f s hs Mas
5oy h from @ to @ shares fnn{ hs of E sook
he could not state definitely but probably about
market Value about 600 @ that IS 500 BID S25 Asked
so 6 the the sk nres fo At a5 5 sare hh
the Equitable society owned the controlling inter
The report after quoting circular regarding the
merger says:
1t appears from this circular that the board OF
Of M the the Equitable foSfty acfepsd the
Ta o aeCfr o stock a SO m aasb so fS m T gs @ q M
eonsoIldated bank, or pay each stockholder who
d III Stock $50 into m as Se for each
through It's executive committee, voted to accept
s. ii cash fhs sn4 sS in R q h
Of of the United States was afterward merged into
II. It also appears from this statement that what
National BANK se Of '2 Si8'1 wds @ so
the aoeS to hv dosed Of m Song
at s, the so3 9sred M GO better ter still to
bnd bn6 1t az M rh II that t in the the
Bank. OF New-York being $245 a share it received
h share book 9R It's faa @ wbe M or sH1g hSdTg sds ss
was S correct statement Mr. Snyder was ia asked
merger. and he answered. Nothing but promises
and 9 b hs s91ed a did m not nTas9
book value Of the NatiGnai "a d Bank & of CommeTGs
the organization of this great bank seems to have
been effected to crafty the ambition Of the officers
financial interests of the society and its policy
This brief sta 2f s6s few of the the trans
of the ten corporations which are advertised as
affiliated companies. Time has not permitted even
with the other three. viz: The LAWYERS Title In
and b FTTankn ihe Asens Bank But the
facts here stated disclose very decided tendency
the society to sacrifice it's interests in order that
| they may reap the profits through the media of
these corporations. The opportunity was there as
well the disposition. and 1t would require q
| much more thorough investigation than | have
| been able to make to determine the full amount
of The loss that the society has suffered at their
| '''''''9 SYNDICATE TRANSACTIONS
| The syndicate transactions conducted by James
| H Hyde and Associates have been SO well ad-
vertised through the press that they have become
notorious. by simple addition it appears that the
gentlemen and corporations associated in these
| transactions made the following profits:
Jen,es n r5vde ............. s6s. .7S1 81
lanes w Alexander 63 731 81
George n squire 14.420 90
WGiiaro II McInfvre NEUTRALITY-SUSPICIOUS..
II G Denling .......................... 4576 "A