The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-09-28
SPECULATE. | With. |.
EQUITABLE MONEY.
Further Startling II Info Infor-
nation Brought Out Ut
..a. Yesterday.
Iti.-s 3.5ss .- .--- ----- II
SENATOR DEPEW
ii is TO TESTIFY !.
|si- IL. NJ --------- - %
Jacob H. schiff, q Kuhn, Loeb Loeb
5s & Company, Expected to 's] Be s
q 4 Witness To-day Over i3is
4 Half Million Dol w
4. us lars in Clerks
4, Name.
SBy ,AHyotciated Pr.ss.)

NEW YORK, September 27.--@-Io'toay - oo't'ay Z
Il session OF the executive commilt'tee ',et 70
4 5fnvcst,Rate insurance methods was given
\ ovcr to the matter OF syndicate trans an 3
II acttons OF the Equitable Life Assurance
I Society Henry r.. SVlnthrop, Ass,se1I. 90. ~
u sccretary and financial manager oi inc
Il society, was again on the witness stano'
ana noanv OF his statements Wero accom-.
Is nantcd Nv typewrlttcn documents glvlns
= +bo5 va r.in,ls transactions in detail. ~
Nh brought out that III ono 4 OF these
y svndicates Senator Depew was g par
"A ticipant to the extent OF $l0oO Oo. ana p lns
senator was requested TO appear peloio t ~
\ the committed Mr.Winthrop was unaDle l1
Z, to hnd where a record Eoi the plonas .tien. ~
1 a number OF the syndicate transactlohs 1
3 nas made, and expert accountants ,'.s now
al work on the books OF the society are "
4 expected to unearth these lat err 81
The wi tn ess detailed a number OF loans
J, ~ the T1ouitable Trust and Mercantile
Trust Com panies, as we'll As the sharing 1
Il of these companies In syndicate trans
actions with tho society. ss5i
Numbers Of Accounts.
LAT. In the day Henry Greaves. who
q was a clerk for George H. Squire. for
.nerly! a mem Der OF the finance committee,
was called to supply some IN nfornla.lom ORR "a :. :,
regarding the George H. Squire trustee ist e
account, and from him It was learned that a.Lt
& there$we number OF those aocounts. :, l,a:
q yThsre was. beside the George II. Squirs
fruEtee, account, the u 'Marcellus Hart
Icy trustee account and another the
Is II. Nv. Alexander trustee" account. MT.
81 Orcayes produced the bank book 5ot the
i Squire account, and by means Sof u Mt. ~
Hughes tried ITO trace u amounts that
would correspond to profits to this &C: ac-
i count, H but tho witness could not re- mem
N ber$ The j Items OF the amounts deposited.
~ Mr.. Grcaves was still on the stand fwnen f'l
Il the session adj burned for the day s
Z Z MI, Csrca yes. &. owever. gave way tenn
+ porar,ly To- Mr.. Winthrop, while Mr.
hughes queried further regarding syndd11-- d1-
Gates. Mr.E9yYinthrops was asked TO 4fur-
nish a list OF the Individual parttci-t
m nts In syndlcates, and said that Presi-
Il dent Morton was preparing such slate
ment. Mr.. Winthrop said he hads5 no
positive information OF the James II.
Il 1iyde and associates" syndicate tes, put no
IA expects to have.
Equitable Got Little.
Mr.. winthrop said that in the Phila-.
4 dclphIa, Baltimore and Washington and
Long Island four syndlcates, managed by
Z two partlcipations, one Of $500, 900, the
"a other OF 100000. The society derived
profits OF s., ,3ss on the sl0O. .00o while ].
n IY. Alexander J. II. ( Hyde, j. H. Squire
+ and w. IA, Il Squire divided the pronts on
the $4,000. The Equitable put up S2lS,ao
!, II has received no interest, neither has
s the money been returned. and when asked
If the matter has been called TO the at
& tention Of these gentlemen. Mr.. Win
Z lhrop said: .It will be-"
AZ Mr.. Winthrop knew nothing about an
to3 fy1o ufH cur a
r pf j. Fl. Hyde and associates. During the
auestiohing OF Mr.. Winthrop on the syn
dicate It was brought out that the Equl-
table Trus. Company loaned the Equi-
table Life Assurance Society $626,o98 IN
the name OF clerk r. Darlington.
Witness said this loan did not appear
IN the books Of the Equitable Life. iS
Upon questioning by several members
OF the committee witness said Barring
ton was employed as an advertising
manager and was under the direction ot
f the president. His salary Is about s2.o0
or 1900 a year. W n
MI winthrop was questioned further
,oncnrninr the Atlantic Coast Line syndl-
N cate which was managed by J, I. MOT
gan and Company. and IN which the So 20
aciety received a part OF Wnat was wa. az
lotted TO James y HYDE ana assocla 'ee'
"A Clerks Note. Be-.
X What papers have you Win resaru - = <
i1,is syndicate?'' asked Mr., Hughes
5s ',Two vouchers, one for payment 70
4, r, Morgan and Company, Of 37bo go;
thc otherlof s62s.o9s TO the Equitable
AtSS1 a"1yhy was Was there Il payment to the
8E Edultable Trust Company?
a nTt was nut there as n loan. Ihe note
pf eugene Barrlngton. clerk n ne
EuuItable, was given for loan and the
payment was IN repayment Of the n !
loan" .,,,,,,a z, ~, ! Z
,hrrc was n participation Of s26o,ooO N
,ho name of James II. Hyde and asso,
states, and In the International Merchant
Marine syndicate there was q parttclpa,
N lion on the part Of James Fl, Hyde ana
@ @essociation Of 100000. Tho participation
was turned over to the society
Jacob III. schiff OF Kuhn, Lp2eb ana
Company, was subpoenaed to-day, ., and nc y
Is expected will appear to testify to-
morrow or Friday, Mr.. schif VIII be
asked about the transactions OF his firm
II with the New York Life Insurance 6Com-
pany, as we'll as with the Equltaple Lire
Assurance Society.