The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1905-11-17
HYDE STATEMENT
A BASE CALUMNY
OdeII Denies Making Threats TO
Have Charter Revoked.
HYDE WAS TOO YOUNG.
TO BE AMBASSADOR TO FRANCE
SAYS DEPEW ALTHOUGH he
BROUGHT MATTER TO
THE. PRESIDENT.

New York, Nov. 1G.-Former Cover
nor Odell and United States Senator
Depew as witnesses Of the insurance
invest CATION committee today denied
parts Of the testimony OF James Hazen
Hyde in which their names were used.
Odell in the course of his testi-
mony called Hyde's statement base
calumny' and when be was asked
whether he d rectly or indirectly had
made threats to have the charter oil
the Mercantile Trust company revoked
his face flushed and striking the arm
of The witness chair with his fist, he
exclaimed: There s no truth In that
statement so help me God.
Odell said that no political pressure
was brought to bear in the settlement
OF his suit against the Mercantile
Trust company and that 1t was set
tied the same as the suits brought by
others. He said that he had been ad-
vised by counsel that his calm was
just one and that any court would
nave awarded him more than he re-
ceived in the settlement. Odell denied
that he ever made a statement 10 K.
H. Hartman or any one else that re-
tai atory measures would be taken
against the Mercantile Trust company.
Witness said he wrote letter on be-
half of Hyde's candidacy for the post
of ambassador 10 France, This was a.
the rcques Of VIM. H. Mcintyre. ore
of the Equitabls vicepresidents.
Senator Depew was examined with
regard TO his syndicate participation
and bis duties as counsel to the Equit
able society Regard ng the ambassa-
dorship to Parts, Depew said Hyde
came 20 him and solicited his influence
Ato secure the appointment nepew
brought the matter TO the attntion OF
the president, although he told Hyde
he was too young, and the president
said il was utterly Impossible to make
such an appointment
The senator advocated in the inter
ests of the publ the limiting OF risks
under insurance policies and favored
public audit of the accounts OF com.
panies at stated periods by char
tered accountant. This. he thought,
would obyiate many suits that are now
frequently brought for an accounting
on the part of The policy holder
John Gilchrist In charge of the Sc
curity department of the Equitable.
told of millions of dollars In loans
made at the end. of the year n the
names of the clerks Of Kuhn. Loeb
Co, 10 comply with the law that the
surplus should he invested or to keep
down cash balances. No collateral was
held by the Equitable on thse loans
and the check which was gwen Tor
these loans was deposited In the bank
and a certificate of deposit received.
The check. however was never cleared
and On the first Of the year the check
would be taken out and the certificate
surrendered. These loans were made
AT the instance of T. j. Jordan, former
comptroller of the Equitable,
Louig NJ Bailey. clerk in the bond
and mortgage department of the Equii-
able. in whose name trustee account
was carried on the soctety's books.
lsa'd he was asked by Mr.. Squire 10
permit the use of his name for this ac-
count. but h did not know It's purpose.
Building operations carried on under
his name for the Equitable he could
explain only on the ground that an
individual could build cheaper than a
corporation.