The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1905-11-15
BUNCOED BY
GOV. ODELL
Story Of Equitable Told By
J. hazen Hyde.
ON STAND IN INQUIRY
Young Hyde Tells Of an Attempt
10 Send HIM OIL 10
Europe.
ON STAND IN INQUIRY


vhieh has ci-sr-i ibs mSslrfg - tie
notorious yellow dnE' fund ~ ss,,A
coo cauied To- ih~ M~Fraaiiie Trust
company By james ". AleAanirF. fef
msF prrsid-ai. ani Thomas y. jpFsian
former Comptroller ~ tho Equitable
life Assurance ssri-iy.
un,ii Hyde sppcanri AZ = uiiness
before The legislative Insurance com
miiiee shs took that yellow dos loan
% The books ~ the Msrcaniii- Trust
was . carefully guarded sofv,
Hyde confessed that be- p~Tsuaall,
paid s2isoco out % his o~n pocket
that Thomas .. Ryan paid f2is.ss
and that the remainder q the sum was
wiped out BY Alexander aud jordan
viii money which they RAISED briwcrn
them. The Msrrsntile Trust struck OF
about $500 In iaiercsi
The sess.oo account accorilns 10
Hyde. was used for thrco purpose
settling strike suits. buying ~ siect
Of the society which bad ~, into the
hands Of speculstors aud ZOE political
contributions.
The Sei?.5oo which Thomas .. Ryan
paid 10 liquidation Of the yellow dog
was for blocks Of Equitable stock ac
qulrsd with it, assistance.
The yai2.oco paid by Hyde was made
because be thought b. was bound Ia
honor TO make good the amount after
President Morton OF the Equitable had
rspudistsd the loan. lie said Alcxan'
der and Jordan appealed 10 him 60 help
them out
OF political contributions ali IIyd.
could name were two. one 10 Cornelius
Bliss In the Roosevelt Fairbanks cam
psign last year. the other In August Of
1904. These amounted to soon.
Hyde sworc that the contribution Of
last year yassed through the hands Of
H. G. frick.
"Mr. Bliss asked Frick." explained
Mr. Hyde. Then frick asked me
about Il. I passed him along TO Mr.
Alexander.
The money paid In 1904 was while !
was absent In Europe. Mr.. Alexander
made the contribution. lie told me
about Il. I know Of no more contribu.
lions than the two have mentioned
Hyde. going back TO the yellow dog"
fund. again said n II hadn't been for
'tho mixup" I'm the Equitable tile socl-
ETY. would have paid the loan.
A.. -. I.(s .fs lsaiI NJ ha
luncheon recess photographer tricd
to snapshot him. Charles +. William
son. Hyde's secretary. pushed the man
aside. Instantly the photographer was
back at him. and for nearly five min
utes II was a NEUTRALITY-SUSPICIOUS.
affair, with Hyde looking on and en-
joying II immensely. Neither Of the
combatants was badly hurt.
Hyde entered the council chamber Oh
the edge Of the time fixed for the be
ginning of the hearing. He was accom-
panied by his personal counsel. Samuel
Untermyer.
When called TO the stand Mr.. Hyde
said that he was twenty-nine years OF
age. a graduate of Harvard college In
1893 and that Immediately or within a
few months of his graduation became
connected with the Equitable Life As
surance society.
81 had always been brought up,"
said Mr.. Hyde, III you will allow me to
make a slight depression as to the his
tory of my connection with the society.
to consider 1t my legitimate lifework
to succeed my father in the Equitable,
and my education from my earliest
youth, both at home and abroad. had
tended in that direction"
Mr.. Hyde testified that, although he
was vice president Of the Equitable
Trust company. he did not know that
the company made loans to George RI.
Squire in syndicate transactions. He
met many questions with the reply
that he knew nothing about the mat
tiers to which they referred. In one in.
stance he remarked that he ''unfortu-
nately had to rely on others to keep
things right" All through Mr.. Hydes
examination Mr.. Untermyer sat near
him and made many Interruptions.
When Mr.. Hughes got down to the
$50, 000,000 Union Pacific blind pool he
asked Mr.. Hyde:
did you go into that transaction to
facilitate Mr.. Harrimans getting con-
troll of the Union Pacific?"
THAT was not discussed" answered
Mr.. Hyde.
But 1t was understOodT
obviously" was the reply.
Mr.. Hyde also testified that Harri-
man requested him to keep secret even
from the directors the fact that Equi-
table money was being used in the
pool in Hyde's name. He said that he
even refused to disclose the fact to the
superintendent Of insurance.
He also said that Mr.. Schiff was
present at a meeting when one Of the
.participations was made. When Mr..
Sehiff's testimony was recalled Hyde
.Xell, Mr.. Schiff is a little hard