The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-11-16
Kidding Some Charges
Brought by Hyde.
WITNESS OF THE DAY
Hyde Having Heard Harrimans Testi-
mony Reiterates His Charges. 0deII
at His Own Request Will be
Brought Before the Armstrong !.
r Commission 10 Testify.
Commission 10 Testify.
CBy the Associated Press. ,

New Ofk, NOV. lo.-E III. 11dlti-
man, chairman of the board of .di4e,:-
tors of the Union Pacific Rai,rna u,
former member of the board Of direc-
tors of the Equitable Life Assurance
Society, and connected with many
railroads and financial institutions, the
former friend of James IIazen H.-Ie
against whom the latter charges ~ IS
Of an unfriendIy nature III his i.rti-
mony yesterday, was one Of the cn'ef
witnesses before the ArmSJ cong CON-
mittee on insurance inVes' igation 90
day
Mr. HarriSan was called Immediate
~ after recess, and his testimony is
full OF denials of the charges made
10y Mr.. Hyde. Contrary to Mr.. Fly ie' 3
statement, Mr.. Hartman said. Ml
Hyde came to him about a year ago
and asked him to use MS inEuauce
To have him appointed ambassadc- TO
France Mr. Hartman said ne would
speak To President Roosevalt VIII n he
saw him, but added that while he oil
50, he did not recommend Mr.. I!A de
for the post
Upon Mr.. Hyde's testimony relative
20 the settlement of ;he OdeIl suit EC-
ing read to MIN, Mr.. Halr' man f.eHied
that he had suggested 30 Mr. Hyde
any danger of a repeal o. The char
Ter OF the Mercantile TrIs. Company
directly or indirectly. and stated thar
Mr. Hyde came 10 MIN and asked him
70 use his influence &ith NJ. Odell
tow&rd a settlement OF tn suit
er paragraph beginning Upon Mr.. H
yde's testimony relative TO the
In reply TO inquiries by Mr.. Hughes.
Mr.. Hartman said Governor OdelI did
not tell him that a bill had been in
trOduced in the legislature to repeal
the charter Of the Mercantile Trust
Company and that his first intimation
of this came from his counsel today.
Did you say anything To Mr.
Hyde in any of the interviews as to
tne desrabiliay of settling the suit
because of the power that might be
rNarcised against the company at Al
bany?" asked Mr.. Hughes
mo, SIR
Did you make any mention TO Mr..
Hyde of any attempts that had been
on might be made TO repeal the char
ter Of the Mercantile Trust Com
pany?"
No sir
MIR Hartman said that he made no
reference To the advantage of Il set
tlCmcnt i'm order to avoid an attack
upon the company, and that Governor
Odell did not request his to use his
influence To obtain a settlement of the
claim. Governor oueli. MT. HAITI
man said. had no interview with him
To bring about d settlement. but the
request came exclusively from Mr..
Hyde.
\ portion of M. Hyde's testimony in
which he said Mr. Hartman had sug-
geSted to him that an effort might be
made to repeal the charter of the
Mercantile Trust Company was then
read 10 Mr. Hartman who said that
l. Il. ton f..
Mr. Hyde. Mr.. Hartman also de-
MED having said TO Mr.. Hyde, as Mr..
Hyde had testified that there was
possibility of powerful interests at
Albany doing harm to the Mercantile
Trust Company because of the ship
building loss. He also denied saying
anything to Mr. Hyde about the re-
peal of the charter of the Mercantile
Trust Company and declared that he
did not know Of any rumor that Dill
was introduced to repeal that charter.
Mr.. Hartman explained IN = lie
wanted Mr. Hydes iud:v.cU,li sigma
ture TO the syndicate agree:n"ht CT
the $5o,000,090 Union Daci.ie no"l. be-
cause no syndicate wants 1. corpora :
tion as a member. He Justified Ibis
because it was difficult to guard con-
fidences when more tnst1 one indiv.d-
ual represented the same interest. He
denied that he ever ad.iSC1 Mr.. Hyde
10 sell his stock until af.e" the report
OF the F'rick committee aud sad lie
had offered to subscribe $500.090 to
assist Mr.. Hyde in retaining his stock.
Mr.. Hartman said the Frick report
never mentioned the Union Pacific
deal specifically. but included it, under
the general statement that Mr.. HYDE
had committed the society in unwar-
rantable transactions without the
knowledge of the committee Mr.. tHar-
iiman thought it perfectly proper for
the Equitable to buy Union Pacific un-
der an agreement to hold it for five,
years He did not know that it was
Mr.. Hyde's personal money in this
deal and always supposed it was that
of the Equitable.
Witness also denied that he had re-
not be informed of this deal. and when
Mr. Hyde's testimony on this point was
read TO him. he replied that 'he did
not remember" Mr.. Hartman safd
tnat early in the Equitable troubles
he had defeded Mr.. HYDE from at
Ks and had adised him to move
us. adoption of the F'rick report. tell
him that lie would stand by him
ough thick and thin.
HYDE Again Testifes.
Ir HIDE was the first witness of the
3a-. He told OF four offers for his
tcck. besides that of Mr.. Ryan to
Aom he sold. These offers were
nude by Mr.. Frick and Mr. Hartman.
rs George Gould. by Gage +. TarbeIl