New-York tribune., 1905-07-25
JERJME SEES HARTMAN.
ALSO CALLS ON SCHIFF.
Gets Pie1C of L. p. Syndicate Agree
BleHt and Details of Deals.

Searching for information as 10 "EquitabIs
corruption" District Attorney Jerome invaded the
Wall Street district yesterday. He was prfnsed
with questions. after his weeks study OF the
testimony taken before Superintsndent Hen
bricks OF the State Insurance Department His
march led first to the ofioe OF z. n. Hartman.
whose name was mentioned only three or four
times in the entire Hendricks report. and who
escaped examination by the superintendent
After putting Mr Hartman through a rigid
cross-examination as TO his part director In
the EquitabIs and hts membership IN various
syndicates. particularly the Union Pacific pre-
ferred syndicate, which has attracted consid-
erabIe attention because OF Jacob II Schirs
declarations that his firm did not sell the stock
70 the Equitable Society. Mr. Jerome went 90
the Offices OF Kuhn. Loeb & Co There he saw
Mr.. Schir. head OF the firm. and interrogztsd
him about various syndicate operations OF
James H. HYDE and Associates Further
aminations OF Mr. SchiH viii probably be held
Mr.. Hartman to-day will begin his trip TO
Japan for two months vacation Mr. Je-
rome wanted 70 catch him before he got away.
No word OF comment on the District Attorneys
visit could be obtained from him
The District Attorney refused TO comment on
his work last night II is understood, however
that this visit 10 Wall Street is only the first
step in hts proceedings against Equitable men
WINGED him. it was said. that the transactions
IN which the Union Pacific preferred pool was
involved win offer easier and better case
than any OF the other operations. but he win
not confne his work TO this one deal
Mr.. Jerone's interview with Mr.. Hartman
resulted in his seeing copy OF the syndicats
agreement. which apparently Superintendent
Hendricks could not get in his investigation
The Equitable. according to the agreement. did
not have any part In the syndicate Mr. HYDE.
in his testimony before Superintendent Hen
bricks. said that he went into the syndicate
the request of z. H Hartman. after seeking the
advice OF President Alexander. Although the
participation was registered in his own name, be
represented the Equitable. he said. and had n
letter from President Alexander assuring him
that he would be reimbursed for any loss he
might sustain
District Attorney Jerome made the following
statement last night:
I went TO the Equitable Building TO meet Mr.
Hartman. I understood that he was going
away tomorrow and desired TO see the much
talked of Union Pacific preferred syndicate
agreement I made a careful examination or
the terms Of this agreement Mr. Hartman also
stated that his books and papers we're in the
custody OF his counsel. Judge EOvect- who was
Instructed 10 waive any question OF professional
r,rf,-fIege and 70 produce at auy time any OF
them thai 7 might deem Of Importance IN the
conduct Of any investigation Of matters within
my jurisdiction. The syndicate agreement was
ore the terms Of which would have al any time
been produced for the inspection or the Superin-
tendent Of Insurance had he requested IT, The
Equitable Life Assurance Society was NOT
party 10 the said agreement and had not been
any time
then went 10 Kuhn Loeb & Cos building
and had an interview with Jacob SchiN. who
gave me full information In regard 70 the de-
tails OF syndicate operations referred 10 IN the
F'rick and Hendricks reports, producing papers
showing the exact character OF those syndicate
opera tiOns. and volunteering to give me any fur
~TN iT1FfR 17ri
raents which might at any time desire.
Mr.. schif. in his testimony before Mr. Hen
dricks regarding the purchase OF Union Pacific
preferred. positive THAI none had been sold
TO the Equitable society II the records showed
that his firm had sold that stock TO the Equi-
table they were false he said several times.
James Hazen Hyde had obtained Union Pacific
preferred from Kuhn. Loeb & Co.. Mr.. SchiH
said. but his firm knew nothing ABOUT any order
that Mr.. Hyde might have given TO have his
holdings transferred TO the Equitable
Attorney General Mayer was in town yester-
day finishing his work the complaints IN his
suits against the Equitable directors He would
not say when these suits would be ready. From
the careful attention the Attorney General il
giving to this work and the time he IS taking
for it the lawyers interested IN the case believe
that he viii present complaints and specific
charges While these viii be practically the
same as 70 every director, calling for an sc-
counting of his official acts with reference to
the society it is said other suits against in
dividuaI directors and officers viii follow. n
which Mr.. Mayer viii seek the refunding o.
moneys diverted to the personal uses OF t1-
defendants. In these suits he viii instance cer-
tain transactions OF the Equitable society which
have caused much criticism. and demand an
explanation OF tsem. Sensational facts viii Se
brought out it is believed.
The check which settled the $3.50 000 loan
account with the Mercantile Trust Company.
for which James W Alexander and Thomas y.
Jordan were trustees was drawn by Mr.. Jor-
dan personally II stated YESTERDAY Be-
fore Mr. Jordan drew this check several checISs
10 his order. certified had been deposited &c
his credit in his bank. il was said TIE
names signed 10 those checks could rat bs
learned but Il is believed that Mr. Morton.
Superintendent Hendricks and SupertHtence~ ~t
KiIb,rn will learn them before their investiga-
tions are finished. A meeting OF the Equitable
directorate viii be held tomorrow. There ar.
Al present seven vacancies. Enough names WI
h. presented II was said, 20 bring the board
nm 10 its fsll membership OF hfry-two. and these
,,ar elected The question OF Mrs. Henry B
TIvda's pension OF S25.000 a year Is likely To
come up 8or discussion. well several other
r,ansious and several plans for reform which
Mr. Morton has In mind
Mr. Morton has appointed Fl II Smith assist
snr advertising manager OF the Equitable. Mr.