The Birmingham age-herald., 1905-09-28
SENATOR DEPEW
 WILL BE CALLED Jacob H. SChif Must Also Tell
 What He Knows WINTHROP KEEPS SILENT Yesterdays Session of investigation Was Confined to Looking Into Syn dicate Transactions of the
 Equitable.
WINTHROP KEEPS SILENT

New York, Sept. 27.--Today's session of tho legislative committee to investigate insurance methods was given over to the mattes es syndicate transactions of the Equitable Life Assurance society. Henry K. W1throp, assistant secretary and finan- cial manager of the society, was again on the witness stand, and many of his state ments were conducted by type-written documents giving the various transac- tions In detail. It was brought out that in one of these syndicates Senatod Depew was a participant to the extent of $100- GOO, and the senator was requested to ap- pear before the committee.
 MT. Winthrop was unable to find where record of the profits from number of the syndicate transactions was made, and expert accountants at work on the books of the society are expected to unearth these later.
 The witness detailed a number of loans to the Equitable Trust and Mercantile Trust company. as well as the sharing of those companies in syndicate transactions with the society
 Squire's Clerk on Stand.
 
 was a clerk for George H. Squire former ly a member of the finance committee, was called to supply some information regarding the George H. Squire, trustee" account, and from him 1t was learned that there were a number of these &C., counts There was besides the George H. Squire. trustee." account, the Marcel lus Hartley, trustee" account, and an- other, ''the J. W. Alexander, trustee" account.
 MT. Greaves produced the bank book of the Squire account, and by means of 1t MT. Hughes tried to trace amounts that would correspond to profits to this ac- count, but the witness could not remem- Der the items of the amounts deposited MT. Greaves was still on the stand when the session adjourned for the day.
 Mir. Greaves, however, gave way tenn porarily to MT. Winthrop while Mr. Hughes queried further regarding sym dicates.
 Morton Is Preparing List.
 MT. Winthrop was asked to furnish list of the individual participants Tn syn dicates, and said that President Morton was preparing such a statement MT Winthrop said he had no positive nfor- nation of the James H. Hyde and asso- ciate" syndicate, but he expects to have MT. Winthrop said that in the Phladel- phia, Baltimore, Washington and Long Island, four syndicates managed by Kuhn, Loeb & Co.,, there were two particl- pations, one of $eO0,000, the other s1Oo,O0O The society derived profits of s2386 on the $700. GOO, while J. w. Alexander. J. H. Hyde, G. H. Squire and W. H. Mcintyre divided the profits on the s500,000. The Equitable put up s21s,000 It has received no interest, neither has the money been returned, and when asked if the matter had been called to the attention of these gentlemen. MT withrop said:
 Tt will be-"
 Jacob H. Schiff, of Kuhn, Loeb & Co.,, was subpoenaed today. and it is expected he will appear to testify tomorrow or Friday. MT. Schiff will be asked about the transactions of his firm with the New York Life Insurance company, as well as with the Equitable Life Assurance society