The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-06-22

The Increase In the Hyde and Alexander
salaries was decided, upon by special
committee composed OF ChGunoy M.
Depew and V. p Snyder. The report
goes on -,
MIR Snyder says all he remembers Of the
transa ction il that one day when the mem
bers OF the executive committee were at
lunch in the society's dining room Senator
Depew placed a paper before him and
asked him to sign 1t. ana ne did . ana ;no Una.
of Mr. Hyde's salary only. The evidence
shows that President Alexander did not
ask for an increase. but that Mr.. Hyde
did, and in order that his salary might
salary was made necessary 1t should be
borne in mind that in addition to this
salary which Mr.. Hyde has been draw wing
from the Equitable Society he has been
dra wing salary OF 81 900 from the Equita-
BILE Trust Company. $500 from the Com
mercial Trust Company Of Philadelphia.
sl2, 500 from the Mercantile Trust Company
and 81 900 from the Mercantile Safe Deposit
Company. all told $l2S 900 year. although
he has spent several months In each year
in Europe.
in passing it may not be inappropriate
to mention little matter of directors' and
committees fees. Mr. Mcintyre say he
il director in thirteen corporations.
director in the Equitable society who IL on
the executive committee receives $25 for
week. amounting to $500 year: He Is
on other committees. which all told make
his fees from the society 34.4SO. His com
mittee fees from six Of the society's anil
ated companies three Of them in the
Equitable Building. and all in New YORK
city, amount to So 800 making total OF
s. 40 from the society and its affiliated
companies The ordinary policyholder. l
Imagine. would consider this pretty fair
income.
Mr.. Hyde is director in about fifty cor
porations. and if he attends TO his duties az
we'll AZ he represents, his committee and
director fees would amount to many thou
sands Of dollars per annum.
HYDE's EXPENSE ACCOUNT.
OF other extrsvagances, the report says
mir. Hyde's expense account appears az
follows: 1900, 37,l76.s2; 1901 IS e7l SO; 1907,
81 ,5ss.24; 1903, s2o,5l7.oe; 1904, sl5,2s5.7 70:
These are several times larger than those OF
tented statements. These lump sums
were paid on his vouchers. That seems to
have been his practise. for when he gave
the celebrated Cambon dinner he drew
from the society's treasury S2 500 to pay
the bill with no other authority thanhis own.
An examination Of the society's pension
list discloses the fact that Mrs. Hyde mother
Of the vice president, has been drawing
, en- sion of $25 600 a year since 1900. IL Mr.;
! Henry B. Hyde. who certainly worked hard
to build up the society. had died poor or
comparatively poor, possibly no objection
should be raised to this pension. But it ia
generally understood that he left large
estate, and his son, James H, Hyde. from
the evidence produced in this inquiry;
has large holdings Of valuable stocks and
other securities 1t does not appear clearly
10y whom this pension was authorized
nor Is any reason given why It should pe
allowed. | doubt very much if the officers
Of the society have any legal right to give
away to Mrs. Hyde this money. which right t.
fully belongs to the policyholders.
LAWYERS GOT $4,000 so FAR THIS YEAR,
THE following is a schedule Of the fees
paid attorneys in New York by the society
during the past five years.