The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-05-13

definite information Of what took place
| before Supt. Hendricks when President
| Alexander and Vice-P President Hyde were
| Questioned under oath Is beginning 70 leak
| out.
II is known now that Stunt. Hendricks
showed MIR. Alexander eight checks drawn
In favor OF MIR. Alexander aggregating
more than 10000 and indorsed by him,
and asked him to explain them. These
were the checks which Dir. Hyde says he
sent 10 President Alexander in payment
Of his share Of the profits in the Under
writing transactions Of j. H. Hyde and
Associates
Among these checks was the one for
$4,000 and the one for $4,000. the money
from which President Alexander says lie
returned 70 the society az soon as he real
lied that II represented profits made by
the sale Of securities 10 the Equit able.
The marks on the checks showed hat they
had been depositedt 20 President Alexahder's
personal account in the Bank Of Commerce
some time prior to tho date on which he
refunded to the society.
Supt, Hendricks showed also TO President
Alexander two letters written by him in
1904, in one Of which he Acknowledged the
receipt OF check from Mr.; Hyde on the
syndicate account. The other also per-
tanned TO a syndicate transaction. The
eight checks exhibited by Mr., Hendricks
to President Alexander were signed by Mr.
Hyde. Most Of the checks had printed on
them an abbreyiation Of the words Syn
dictate account,
MIR. Alexander still maintained, however,
that he did not suspect that the syndicates
had sold securities TO the Equitable until
he received the two checks amounting to
$4,000.
Supt. Hendricks also asked Mr.. Alex
ander 10 explain letter purporting to have
been drafted by him and addressed 10
Jules Cambon, the French Ambassador.
This letter, It was said yesterday, was
written few days after the Cambon dinner
and suggested some things which NJ Cam
bon might do in the interest Of the Equ-
table In France. This letter was exhibited
by the Hyde people in support OF their
contention that the $4,000 paid by Mr..
Hyde out Of the funds Of the Equitable
for the Cambon dinner was really expended
in the interest Of the society.
The statement was made yesterday by
a Hyde man that the Equitable bought from
the eight Hyde syndicates in which Mr.
Alexander and Mr.. Hyde were equally con-
oernsd only SIS 900 900 worth Of securities.
In the same period Of time covered by these
purchases the society bought S2lS, 900
worth Of securities from other sources.
Frank II. Plat. counsel for the policy
holders committee, issued statement
yesterday in which he said that he was
thoroughly convinced that Supt. Hen
bricks will find Mr.. Hyde has violated
section 80 Of the Insurance law, which
prohibits an officer or director to make
money for himself in buying or selling
any investment securities for the insurance
company with which he is connected. II
would not surprise him at all, Mr.. Platt
said also, to hear any day that Supt. Hem
bricks was in consultation with District
Attorney jerome.
A statement signed by four Of Mr.. Alex
ander's lawyers, William b. Hornblower,
Adrian II. Joline, William n. Cohen and
Charles f. Hughes, was issued late last
night in reply to the allegations made in the
Hyde complaint. In the statement II Is
denied emphatically that Mr.. Alexander
has committed any breach Of trust toward
Mr.. Hyde. Since Mr.. Hyde has been Of
age the duties of Mr.. Alexander as trustee,
Il Is asserted, have been merely nominal.
The preposterous character OF Mr.. Hyde's
charges, Il il said. Is shown by the cir
cumstance that Mr.. Alexander has cast
no vote in the board Of directors which
has not been concurred in by Mr.. Hyde
himself and by his oo-trustees, The pre-
tense that Mr.. Hyde acted under duress
In asserting 70 any Of the steps taken by
the board Of directors is declared TO be
absurd. The statement adds:
The charge that Mr.. Alexander has
entered into a conspiracy 10 destroy the
value Of Mr.. Hyde's stock, says the state
ment, lis utterly groundless. To those
who know the careful consideration given
by Mr.. Alexander on the subject prior to
his action, the accusation seems amazing
and reckless
Tie charge made by Mr.. Hyde In regard
TO the can-can story is included by Mr..
AleXanders lawyers among the things
set forth in Mr.. Hyde's complain merely
for the purpose Of creating q false impress
sion, and unworthy Of discussion by Mr..
AleXander'g laWyeTs