Waterbury evening Democrat., 1905-12-15
HARTMAN Tells of the Hyde Stock
 Purchase
 WASSTAGGERED
When Ryan Made Known to Him That He Was Look ing For Control of the
 Equitable.

VI lOS SGSSIOll slO-uuN.
 Mr Hartman said he learned of the sale of the Hyde stock on the day that Mir Ryan bought it. Ic tele- pLoned to MT Ryan and asked him if he had bought it. Ryan said the pllr- chase was conditional" said MT Har- rman, ..and that he wanted to sec 'ne and talk with me and that he wanted my help. I criticised his plan and wanted to know what he meant by It. Ten or fifteen minutes later ] went to Mir Ryan's office. He told me he had decided to buy the stock and said it was time for him to make q name for himself. He said he had de cided to buy Hyde's stock provided he could get his nominee elects1 chair man of the board. He said he had made good deal of money and never had done anything to make a nalue for himself. 1 questioned his motive. He had told me he wanted my help; that l was the one man in New York whose help he desired"
 What kind of help?' asked Mir Hughes, counsel to the Investigating committee.
 ''ro help him get his nominee elect ed chairman of the board" replied Mir Hartman.
 Asked upon what ground he had criticised MT Ryan's plan, MT Harri- man replied:
 Well it was rather staggering to anybody that Ryan wanted to control the Equitable or should have control of it."
 T told him." continued Mir Harri- man, that if I was satisfied that he was acting from pure and unselfish motive in the interest of the Equi- table I would help him. He told me his plan. I did not tell him then that
 wanted share in the Hyde stock. assisted him to get his nominee elected"
 Why did you if you were not sat isfied as to the purity of his mo- lives" asked MT Hughes.
 T became satisfied that with MT Morton in charge and if Mir Ryan were sincere, the affairs of the Equitable would be safe. was convinced that MT Ryan was sincere. I did, not then think Mir Ryan would share the stock with me"
 Assemblyman Rogers of the com mittee, here asked: When did you resign as director of the Equitable:'' :''
 When the Prick committee mad. their report" This was June ?.
 "The next interview with Ryan was the Monday following the purchase of Hyde stock" said the witness. First. however, told Mir Ryan l had helped elect President Morton and Ryan said ha r-anfad ffa mo of,1 aef efn,. Sa, ton was elected Ryan called me up and said he appreciated my help and wanted me to continue and said he would do nothing further without my consent and wanted to meet me. I made an appointment to meet him. At ii o'clock Mir Cravath came and said Ryan was sorry he had to pro- ceed without me. I told Mfr Cravath l I considered this an act of bad faith. turned my back on Cravath and walk ! ed away. MT Ryan later asked me to come to his office on Monday and 1 meet Mir Root.
 Tn that interview with Cravath he told me that Mir Root had insisted on the appointment of the trustees of thf Equitable at once and the announce. ment in the morning papers. That was the first intimation that Mir Ryan had asked the trustees to act. I want you all to understand that I have some thing besides life insurance to do and think of My mind was on the 35,OOO miles of railroads and a to 40 steam. ships which have to think of. 1 wanted only to safeguard the Equit. able. Mir Rxan did not tell me at the first interview what he paid for the Hyde stock.
 At the next interview Root and Cravatl were present. -aid to Ryan You want my co-operatlon? He said Yes said T win take half your stock if you will let me name two trustees Ryan refused and told me had promised to help him if I was satisfied. I said this was my way of heinz satisfied. I do not remember what else I said. I may have said what these gentlemen say did. h. tended unless I was satisfied of his motives to oppose his control of the societv and thought it ought to he stopped. knew whom he had selecs ed as trustees. but did not know his Nplan to divest himself of control of the Iistock"
 awhy did you obieetT asked Mir 3HugheS.
 ~I wanted two trustees Independent i.of Mir Ryan think that any trustees lInamed as Mir Ryan named them must l,e to a certain exteEt under his con trol. especially as he had named man but of his own organization as preSi kfeut. | did not demand a right to namp two trustees. but merely that khey should he independent of Ryan.
 offere,I to turn my stock over to the koeiety if all did. I don't see why he khouId not make the trustees' number
 hundred if his motives were pure
 was not a plliIanthropist ana lid not koussdsr it such for him to pay g. fnoO0o which he was going to gei haek when he got control Of tise s0ci ev. It was because of my interest In lie Equifable that wanted a share
 sTberp was no possibility of a panic ro one but Ryan had sueh view. kouif whether he had t. -Tfd ron tell Ryan if bf did noi l4.. ron a share of the stock y0u Eeuid oppose wbaterer he dids~ ask . f zfr Huzhss.