The Washington times., 1905-11-24
At HYDE'S ORDERS
HIS CONPAN GOT
FIRE INSURANCE
So Testifles Manager
Brown, of Life
Company.
CONTINENTAL HAD ALL
Subsidiary Enterprises Rent
Was Reduced One
Third.
CONTINENTAL HAD ALL

NEW YORK. Nov. 2A-Gererd R.
Brown. head Of the bond and mortgage
department Of the Equitable Society.
was witness again this morning before
the legislative insurance investigating
COMMITTEES.
Ar Hughes said 1t would be impossi-
BILE 10 continue with the investigation of
the Mutual Reserve Company today, as
one OF the counsel had a case before
court IN Washington
Mr. Brown produced a list OF tenants
in the Equitable building N this city.
Admits Discrimination.
He was asked If any discrimination
was shown TO any tenants having ike
accommodations, and he replied that
there was. he mentioned as instances
the Mercantile Safe and Deposit Com
pany and the Equitable Trust Company
What rental does the Equitable Trust
Company pay2''
Twenty thousand q year
When was the contract uTasS@?''
Last Ma1"
What would be an so~auss4- rental p
Thirty thousand a seaz."
Sure to &c Up.
Mr. Hughes asked what had been done
rental and the witness replied that
something undoubtedly would be done
after the committee had completed its
work
Brown said the executive committee
Of the society made the rates for rent
ais. Witness said that probably all
the other tenants In the building paid
Mr.. Hughes took up the King model
houses In this city. SIR Hughes, after
going through ali The figures OF cost
and The contracts made. said.
Builder Got Profits.
rs it not a fact that the Equitable
put up al the money. King took the
profits and the Equitable took the
houses"
i don't want 10 look at it that
way You could look at 1t In thai
way"
It was shown that King took the con
tract Of putting up the houses and ther
sublet. and. after the houses were
built turned them over 70 the EQui
table. which had put up the money
for King 70 build them
Does Frank 3. Jordan, son oi
Thomas d. Jordan, former comptrOlIei
OF the society. stfil handle the firs
insurance on property held by the Eqm
table under mortgageZ'
Yes. Mr.. Jordan took the business a
the instance Of Henry 3. Hyde and aftel
his death President Alexander continued
The arrangement. It was desira BILE 4
have the business concentrated with onI
Individual. and l think that the system
and not the individual should be con
sidered
Did any Of the commissions go to an5
director or officer OF the soeiety2"
No. sir"
How much Insurance does the societ,
carry on the mortgage IN this property p
About So. .0oo. 600 II expires each wear
should that r. lar Is
sions amount to 5000 to $1,000"
WI nat hTe Insurance company handles
the business -
The Continental Fire Insurance Com
pany-"
Hyde Did Il
Who directed that buainess be giver
10 that company
James II Hyde "
Is he a director in that compan,
snd a stockholder2"
He IS a director"
Mr. Hughes brought It out that Hyd
had given an order two years ago tha
the Continental should have all the busi
ness Il wanted and the other companie
should have what was left. Brown wa
excused
Francis W Jackson. auditor Of tn
Equitable Society. vas called. He sal
he had charge Of the accounts Of tn
foreign building business the trans
fers of funds between agencies abroad
and the books Of the company
Net On Books.
Did you ever see the George F
Squire account o.
mo, SIR. ] only heard OF it IN III
last three months =
How Is that2"
1T was not on the books OF the SC
ciety."
Did you ever hear Of James "
Alexander, No. ,, account"
only in the last four months"
Did you know that Mr.. Murphy car
rted 800 coo on neEaora nda In the cash
iers department. p
Rot until / heard Of it in this IN
vestigation."
Mr Hughes took up the receipts an
disbursements for foreign buildings.