The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-04-20

stalled any attempt that might be made
ny the poiicyholdeIs.
counsel Mr. Root, II will be recalled, was
Mr. Hyde's chief adviser when the con-
troycrsy began IL was upon Mr.. Root 3
advice II has been said that Mr. Hyde
agreed to the two year multiplication plan
and the reorganization Of the executive
committee Of the board Of directors. il Is
known now that Mr.. Hyde il striving TO
shape things In such way that he will DO
able to get back the things that he con-
Though MIR HYDE has an enormous stan
of counsel in the Equitable struggle, IL
wa. learned Yesterday that eminent law
yer- IN other cities have been retained by
him for service should they be needed.
The statement also was made yesterday
that there is hardly lawyer Of any con-
Sideral !e reputation In this city VINO Il not
allied in one way on another with the fac
tion- in the Equitable controversy.
USTERNYER ON ALEXAHDER's LETTER.
Samuel Unterrnyer, counsel for Mr.. Hyde
commented as follows on Mr.. AleXandeTs
letter about the syndicate transactions
Thee transactions tell their own story
OF the equal interest and participation OF
Mr.. Alexander. the transactions were
entirely legitimate and there Is no just
ground for critiCiZing Mr.. Alexander or
anybody else for being Interested in them.
There were other ike operations OF this
same syndicate, such as the Mercantile
Marine. in which the syndicate mem ers
lost their money and IN when the society
took no part lCipatlon.
There H. however, something sad and
almost grOte ,Jue in this beated effort OF
Mir Alexander, after participating with
Mr. Hyde for many years, 70 ma IN innocent
transactions to which he was party and
by which he equally lost or benefited
ground for attaching Mr.. Hyde and az the
same time trying by profuse eleventh hour
letter writing To eXtriCate himself
a glance at the dates Of these letters, all
written within the past month Will this
/ controversy has been at fever heat Will
render further comment quite unnecessary.
| Two of them one a ddressed TO Mr.. Hyde
and the other addressed TO Mr. trlCk, are
what may be called stage correspondence
They we're given to the newspapers late
last night before being mailed-n they
/ were mailed at all, This practise OF writing
! letters for publication - not unknown;
7 1t j. -urpri ing that Mr. AleSShder nnould
I imagine that ANYBODY "oulu Oe Hll7leu
= i6e same ia true Of the purpose Of the
other letter. written within the last Few
week, for public effect and evidently with
Eyieg Of being u ed. In the court, very
I harsh torn il ap' ed 10 that kind OF cor
! re .pondence. but II does not change the
MIR Alexander's explanation Of his
! equal participation with Mr.. hyde IN ihe
/ SYNDICATE tran. actions is hardy hattering
to the Intelligence Of the financial com
! munity who are familiar with syndicate
I transactions. Dates are Significant, VI
i the eight checks received by hun aggregat-
] ing tBl ,ii0.O2, the fret goes back 70 july
! 1902; four OF them were In 1904 and the re-
I naming two in 1905. This unfortunate
I controversy reached the public. on Feb B.
! but il had been long ia preparation;
/ Mr.. Alexander does not claim 10 have re-
turned any Of the moneys received from
/ these transactions except as 10 ttoae re-
I ceived in January, 1905, although they we're
! all Of the same general character and were
paid TO hin, 10y checks checks signed james H.
! Even the check of Jan. IL l9O5 Tor VS.
! 288 81, was deposited by Mr. Alexander TO
\ The credit Of hiE own account at the BANK OF
Commerce No notice has ever been gwen
I 60 anybody that this check OF liz proceeds
were ever turned over 70 the Eqnltab.e
Z. society ortfat Mr. Alexander had any doubt
f MS rigat % keep the money winch he had
taken and put into his own account.
As to the previous checks he does not
apparentlv claim to have done so. A to
the last paWuent on Jan. p OF tl2 523 70,
the proceeds of which are now said 70 have
been handed over by Mr.. Alexander TO
/ the cashier or the trustee account OF the
society, 1t would be interesting 70 KNOW
when that was done.
III was on Feb that Mr.. Alexander
appeared before his board OF directors
with petitions for the removal Of Nit Hyde,
signed by agents all over the country.
Those p,;itions we're Of course, in CirCu-
lati1n. and this conspiracy must nave
leen well under way when that oheck OF
Jan. % was handed 70 MIR. Alexander Tor
I his last syndicate participation. u seems
Decnliar that he said nothing to either MIR
. HYDE or any other member OF the syn
dictate on the subject of any interest OF the
society in those profits or Of his intent. n
to mass over that check or it, proceeds
II the assertion Of Mr.. Alexander that
Z he did not during all these years TINT he
has been president know the sources from
which his private bank account was being
replenished 10y these large cheSAs = o
be taken seriously. his absence OF curiosity
on the subject is at least remarkable. II
would be Interesting to know Whether,
in the instance IN which Mr. Alexander
lost money IN the syndicate, he ascertain
on what part iCular transactions the losses
were made before having them.
I'm the light Of sui sequcnt events one
can perhaps understand why Mr.. AleGan-
der on Jan. II and % took these checks
from Mr.. HYDE a. syndicate manager
deposited them in his tank TO his private
credit and a. we are now told subsequently,
quietly turned over the amount OF those
checks without accounting Tor previous
ones received in like mannerl TO the cashier
OF the society without a word Of sugCes-
! ton or remonst rance to his associates.
Aprorus Of MIR. AleXander's Datl etic story.
y OF how ignorant he was OF the sources OF
all these moneys which bis wicked partner
from syndicate or oiations during all these
wears. by what chance did he learn that
? ne ought not to retain the checks he re-
ceiyed whilst the plot 10 ruin his teueiactor
was under way? II he did not know what
d, e checks represented why did lie return
} them? And why did lie not return the
, ,-others3 And why did lie ol serve such
suspicious silence as to those he now says
When we recall that only few DAYS
, after depoBiting his check with the cashier
tbis trustee Of the estate Of the son Of his
/, dead Ucueladfor fred the shot that was
.eXrccf ed 10 put an end TO tie career and
, good name Of his ward, all this hunt uR
!, and false TretenCe becomes plain and he
:, vlo runs mcy read,
, 1T h fortunate for Mr.. Hyde q al this
huge Cousl irasy against his reputation
aud his property Is TO he dra gged into TIE
eearchNglt Of publicity. IL started boy
, incorporating in tie. sham form Of 'mu.
y tuaHlauou.' Tut it, real purpose is at last
: apraten, and its hideouSness NAV lie seer
y Of all men Striped Of all cant Il is moth
ing more than sordid attempt to destroy
= tie property Of tie Young an wCose in
> terc-ts have ecn Conhded to his trustee.
: sBut u.ese gentlemen have 'reckoneC
Al - Ilsf.I, lTa Ag.v,s