The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-04-19

SELL az stated in Mr.. Hydc's letter, but
Golely on my own judgment as 10 the pro-
pretty Of the transactions.
Upon this subject | l. = 10 call your at
tention to the following letter Of March
q, received ~ ne from Mr. HyCc.
NEW ! okk, .-u march, 1900
DEAR Ma. AIIIANEEE. A. you and
have mace no progress IN reaching an
agreeu cnt rs 10 the proper disposition To
lie made Of tie tyn Cioatc tiaIsactions
which have been criticized, have mys'h
had an examination made OF them.
Now that the naturalization question -
out Of the way ! SEQ 40 reason for further
delay In our getting together and deciding,
40 far "a the decision rcSts with w, JUST
what there Il IN any OF the CRITICISMS "hlch
have been made,
1T never occurred 10 me until after our
recent controversy began that ny OF u ese
transactions we're open to criticism. lLey
were mere cOntinu ton ol custom
which ! found in existence when l G. me
into the society, and, IA |. as can recall,
wee made with due reg I'd TO the Interests
of the society and were beneficial ana
profitable to It,
But / have now taken advice about
them, and have made up my mind tlat there
has been allotted to me out OF ire pTohts
Of these syndiCates transactions the sum
of 500, 1851. as 10 which there may te a
reasonable basis for n claim that ! should
account for il to the society. | would
rather have any question at out this settled
with the money under the control OF tie
society than to keep any power to with
hold il, and | have accordingly drawn ana
am about 10 deliver a check Tor that sum
20 NJ. Murray, trustee, Tor the IeneUt Oh
the society, II the / GARD thinks the money
should he retained, or returned 70 me II
it Is determined that am entited TO II.
There Is also the matter Of the Canton
dinner the cost OF which was thought a
proper charge to advertising, following the
common custom OF other companies con
oerning such entertainments. lLere i no
legal liability about il, but as tie dinner
was given partly in my name prefer per
sonally TO pay ia cost, which wa SlJ'ueJ,4l'
! have therefore sent my check i,r TINS
amount with interest to VI. Murray
IT is now several week, since we first
discussed the prupriety Of the e ADJUST
ments. Can We not get together ABOUT u
at onco and determine whether "haI
have now done is beyond or IS in any way
short Of what | ought 70 he called upon TO
do? Yours truly, JAMES II. HYDE.
( On March "a replied to Mr.. Hyde as
follows: ,,, =, ,o,.
! DEAR MR. HYDE: ! beg to acknowledge
iFcceipt of your letter OF the 22d Of March,
which l received yesterday, accompanied
10y your check 20 the order Of the society
NCdsileT lOT the sum Oh go as- too' i'tiiAN
the check this morning to the cashier, and
found that in the meantime duplicate
check had been sent to him by you, ana
he now has both checks. You say that
we have made no progress In reaching
an agreement az to the proper disposition
20 be made of the syndicate transactions
which have been criticised The Oniy
or itloisms Of which ] have any knowledge
are those which | have myself expressed,
and l am not aware that any agreement
A. IA Tor Oft hos
actions is necessary between you and me.
Therefore | must say cannot undrr-
stand what you mean in intlmatlng that
there has been any delay for VIII l am
in any way accountable. When brought
up the matter Of your personal tTan-a' uCrs
at a meeting Of the spe, ial CONN ltte6 OF
twelve recently appointed by the board OF
directors the progress for which you now
seem so anxious could readily have been
made had you then expresst your desire
10 have them investigated. You are mis-
taken in saying that the receipt by you Of
syndicate parti"ipations or profits vas
mere continuation OF custom whi>h you
found in existence when you came into
the so isty.
4 do not know from your letter how you
make up the sum o I S63 233.5i, which, as
you cay you have made up your mind that
there may be a reasonable basis Of claim
that you should account TO the society
] am therefore not prepared TO acquiesce
In the suggestion of your letter that il covers
everything in the category specified This
Is a matter which must be thoroughly sifted.
II you will have prepared complete state
ment Of the matters which are the subject
Of your letter. together with the records
Of your office In connection Herewith l
will be in a position TO pass upon them.
j need not remind you that your Office is
in possession Of all the data on these sub
jects.
-As to the Cambon dinner, I must express
my astonishment that 1t should have been
treated as an advert ising scheme which
you supposed would benefit the Equitable
Society. Until l received your letter,
always understood and believed that the
dinner was given by yourself and Senator
Depew as a personal and social compliment
TO the French Ambassa dor. So the invi-
tstions read, and ! personally accepted
and attended as your guest on that SUPPOSE
ton. How you came to charge this dinner
10 the society without the knowledge Of
the president IL a subject upon which ask
Information. As the president OF the society
also ask you to let me know what II any,
other personal items you have paid for out
Of the funds Of the society
sLet me express my surprise that the
advisers TO whom you refer should have
allowed you TO make such unwarTanted and
unfounded mputations Of delay on my part.
/ can conceive OF no other motive prompt
ing the resort to such imputatons than TO
make a record which they imagine will in
some way tend 10 eIculpate you or involve
me. The facts cannot be changed by any
such method. Yours sincerely,
JAMES W. ALEXANDER.
Mr.. Hyde wrote me again on March 81
substantially repeating what he had pre-
vously said in relation 10 his payment to
the society's cashier Of profits which he
had derived from certein syndicate partic-
ipations and saying with reference 10
the Cambon dinner that, as he Rad already
eent a check for its amount, there was no
OOp1aiOD for further Sliscl,esiCn Of IL re-
piled further, under date Of Arril 5, reiterAt-
ing my request Of March "a for a complete
statement Of the transa ctiors described
by Mr.. Hyde and again reminding him that
all the pertinent data on the subject were
In his exclusive possession, beg to remain,
yours respectfully,
JAMES W. ALEXANDER,
New York April II.
nENtLrE nEEI.cEc IN Irr