Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1905-12-12
RYAN AGREES 70 ANSWER
Owner of EQUITABLE will Tell of NsgOtia-
tionI with Hartman.
JEROME ADVISES HIN TO TESTIFY
His Attorneys Talk the Matter over
and send wOrd TO Committee
that Information wanted
IL Ready.

NEW YORK, Dec. 1.-THE legislative life
insurance investigating committee, headed
by Senator William w. Armstrong, APP
peared tonight to have succeeded In its
attempt to make Thomas f. Ryan divulge
what f. II. Hartman said or threatened
to do to influence him to divide his con-
troll OF the Equitable Life Assurance So
ciety. District Attorney William I.
Jerome, who was asked by the committee
to take steps TO punish Mr.. Ryan for
refusing to answer the questions about
Mr. Hartman, reported to the committee
today that he has informed Mr.. Ryan's
counsel that Mr. Ryan ought TO answer.
Mr. Jerome also wrote to the committee
that he believes Mr.. Ryan will answer il
brought before the committee again.
Mr. Ryan, who bought 500 shares of the
stock OF the Equitable Life Assurance So
ciety last summer, and placed them in
trust to he voted by three trustees, of
whom Grover Cleveland is one. was on
the witness stand before the insurance in
vestigatng committee last Friday. He
testified that on the day he got possession
of the Equitable stock, Z. H. Hartman,
president OF the Union Pacific and South
ern Pacific railroads, and a director of
the Equitable society, asked him for
said to him to induce him to part with
that stock Mr.. Ryan refused to tell the
committee.
Mr. Hughes declined TO say when Mr..
Ryan will be recalled, but it is presumed
he will take the witness stand tomorrow
or the following day.
Attorneys Notify Committee.
Subsequently Guthrie, Cravath & Hender-
son, counsel for Mr.. Ryan, gave out a
statement that they re-advised MIR. Ryan
that he should answer the questions and
that he is prepared to do so whenever
recalled by the investigating committee.
To that statement was attached a letter
from District Attorney Jerome TO Paul D.
Cravath, advising him that Mr.. Ryan ought
to answer the questions and adding, al
though 1 fully appreciate these motives
which led him to refuse to answer unless
the question of law involved could be made
clear"
The committee was engaged for a part of
the time today in inquiring into the affairs
of the Provident Savings Life Assurance
society Of New York. Charles Z! Hughes,
counsel for the committee, had brought out
by questioning Edward w. Scott, the presi-
dent of that company. that when Frank F.
Hadley OF New Bedford, Mass, secured con-
troll or the company IN 1850 ne borrowed
S162OOO from the company on his collateral
notes to pay up for the stock of the insur-
ance company Mr. Scott testified that Mr..
Hadley never repaid those loans and that
the insurance company realized only $4,000
on the sale of the collateral. Companies in
which Mr.. Hadley was interested failed nd
he committed suicide.
Company Pays the Freight.
1T cost tho insurance company just s132.-
600 for Mr.. Hadley TO get control of IT,"
said Mr.. Hughes.
besides the $4,000 Mr. Hadley had Dor
rowed 100000 to pay for the insurance COM
pany's stock and had put zip that stock as
collateral. Mr. Scott testified that he bought
hat stock at auction after Mr.. Hadley's
death and borrowed the money to do II from
he New York Security and Trust company
John A. Mccall, president of the New York
Life Insurance company. Mr.. Scott SAID
stood back" of him in the negotiation of
the loan
Other witnesses have testified that the
New YC.k Life Insurance company con-
trolled the New York Security and Trust
company. After he got control of the COM
pany, Mr.. Scott said. John A. Koran,
brother-in-law of John A. Mccall. was
made comptroller of the Provident Savings
Life Assurance society at $4,000 year.
Mr.. Scott testified also that his four sons
and a nephew are employed by the com
pany OF which he is president.