The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-04-06
HARTMAN
CONFESSES.
Did Get a $1,000, 900 Per-
SOnaI Loan From Equitable,
A SUDDEN POLICYHOLDFR
Hints That He's Being Whipped for
His Friend 0deIi's Sins.

samples OF the Prosperous Reciprocity
Involved in Their FrlcndshIa--The Only
Politics Discovered I'm the Situation
Injected by MIR. Harrlman-ISyde MEMS
Insist ence That Only Three-nfths
Vote OF the stock should Hereafter
Amend the Charter one Rock on
Which Alexander and the CrimmIns
Committee split Society Now Pro-
poses to Investigate HseiT-Stormy
Meeting Expected To-day Alexander
VIII Not Resign May Accept Plan.
Edward II Harrim1n madn threc state
ments yesterday. All werp embodied ia
one former statement He made fourth
statement 70 personal friends, which he
did not put in his long statement. Taking
up his Official stat ,mant fret, il may BE
announced that he owned up" 20 a loan Of
S., 100 600 on Union Pacific stock which hs
| personally obtained from the Equitable
| Life Assurance Society. on Monday Mr..
Hartman issued a statement declaring that
he personally had never obtained any loans
from the society.
The second kernel in Mr. HarrimAn's
statement was that for six weeks he has
tecn a policyholder in the society whoss
aTairs. along with James Hazen Hyde. no
has managed with apparently no idea Of
beneiting the 'OOOO policyholders. Con-
corning this policy, Mr.. Hartman naiVe,y
added:
when this controversy was called 30
my attention had my lie insured in the
Equitable-this was about six weeks ago
Mr.. Harriman's third official statement
was: AS 10 the ownership Of stock In the
Equitable company. Mr.. Hartman declined
to state whether be owned stock OF not
POLITICS IN 1T. HE HINTS
The fourth statement, which Mr. HArri-
man made TO personal friends, was in effect
that Republicans and others who believe
in good government in the State were at
lacking him because Of his friendship for
BENJAMIN B. Oden, Jr., chairman Of the
] Republican State committee. In other
words, Mr. Hartman is now attemptingto
flavor his transactions with the Equitable
Society, in which he has heena policyholder'
by his own admission, just si1 weeks, with
tinge Of politics
RECIpROCATION OF KIND OfflChS'
So much has been said in recent years
about the friendship between Mr.. Harri-
man and Nr. Odcll that the quality and
period Of that friendship is worth discuss
ing. Webster defines friendship as an
attachment to person, proceeding from
intimate acquaintance, and a reciprocatlon
OF kind Offices, or from favorable opinion
OF the amiable and respectable qualities Of
4. ri "a 81 Ia franA-
shin seems TO have proceeded from "a ro-
ciprooation Of kind Offices The affection
between them began TO be deep and lasting
in the year 1899 while the Legislature was
in session. Mr. Hartman had obtained
control of the Illinois Central Railroad and
Mr.. OdeIl was chairman Of the Republican
State committee, located at Albany, putting
his 0. X. and y. G. on the pending bills.
In 1897 the Legislature had passed a law
permitting savings banks 10 invest their
deposits in the SiCO 10000 bond issue Of
the New York Central Railroad. This had
made 40 good a market for these bonds that
they advanced about points. At that time
the bonded debt OF the Illinois Central
Railroad was SIP 900 OO0 and Mr.. Hartman
thought il would be a good thing 20 advance
the market value Of the Illinois Central
securities In the same way. So he got Mr..
Odeu 20 o. K. a bill which passed IN April
1899. putting Illinois Central bonds on the
savings bank list Mr.. Odell then told .
story about $4,000 &c.
Mr. HarTiman's expectations were real
zed for in May. 1899. Illinois Central bonds
were selling at the Stock Exchange about
points higher than they had been selling
in January.
oo, oDFrt. DrnN,'T MISS HIS REcIPRocAT1oN
Il was about that time that Mr.. Oden
began TO have money enough TO enter Wall
Street as a syndicate underwater. In
March. 1901. he was able to subscribe for
500 600 TO the 500 900 600 syndicate agree
ment 70 insure the carrying out Of the
organization OF the United States steel
trust and after various intermediate
syndicate subscriptions, he was able
little later 20 subscribe 500 600 90 the
syndicate that underworld the United
States shipl uilding trust. All this Was
while he was Governor Of the State.
Now Mr.. Odell has gone 20 Europe, and
Mr.. Hartman has boosted thai he Il running
the Legislature.
How could there be a truer friendship
than this one, which 80 evidently proceeds
from "a reciprocation OF kind Offices
Some people do not believe in the disin-
terestedness Of purely oommeTcial friend
ship, but II Webster's Dictionary l. night
in saying that friendships proceed from
a reciprocaticn Of kind Offices then the
friendship between Oden and Hartman
must be Of the strongest kind. The Los
Angeles bond bill the FTnaceville iron
claim and numerous other ventures In
which Mr. Hartman was directly and per-
sonally interested, just as he was in the 81
10000 load on Union Pacific stock made
by the Hyde directors Of the Equitable.
we're all pushed through at Albany for Mr..
Hartman by Mr.. Odell when he was Gov
ernor Of the State.
TIE ONLY POLITICS ~ II.
The only man. a. far as could be learned