The Montgomery advertiser., 1905-12-12
 NOW READY
 TO TESTIFY Ryan Willing to AnsWer Questions. HE WILL B. RECALLED May Go Before Armstrong mlnLlee Today. Affairs of the Provident Savings Assur- ance Society of New York are Under investigation for
 . Time.

tonight to have succeeded Tn it's att tempt to make Thomas F. Ryan di- vulge what E. H. Hartman said or threatened to do to innuence him to divide his control of the Equitable Life Assurance Society.
 District Attorney w. T. Jerome. who was asked by the committee to take steps to punish Mr. Ryan for refusing to answer the questions about Mir. Har- riman, reported to the committee that he has informed MT. Ryan's counse,
 that MT. Ryan ought to answer. Mr. Jerome also wrote to the committee that he believes MT. Ryan will answer Eff brought before the committee again. Mir. Ryan, who bought 502 shares or
 the stock of the Equitable Life Assur-
 ance Society last summer and placed them in trust to be voted by three trus-
 tees of whom Grover Cleveland is one.
 was on the witness stand before the in- sursnce Investigating committee last
 Friday. He testified that on the day he got possession of the Equitable stock.
 D. H. Hartman, President of the Union
 Pacific and Southern Pacific Railroads and q director of tho Equitable Society. asked him for share of the stock. What MT. Hartman said to him to in-
 duce him to part with that stock, MT Ryan refused to tell the committee.
 The specific questions which MT.
 Ryan refused 10 answer were: Where Mir. Ryan Baked. Did Mir. Hartman say there would
 be any result injurious to your inter ests in case you refused to admit him to share in the ownershipg' Did Mir. Hartman say that any action on the part of the Legislature or of any official, or any officer of the Government, should be taken in the event that you refused to accede to hls reQuests?"
 Chairman Armstrong directed Mir. Ryan to answ IT and when he persist ently refused, asked Mir. Jerome to punish him. At the conclusion of to- days hearing. Senator Armstrong; madti | public d letter from Mr. Jerome in which the District Attorney wrote in substance as follows:
 l T reached the conclusion that as
 matter of law Mir. Rfon should answer the questions proposed to him, although at e~~. their materiality might appear doubtful
 De ewing, however. that the object
 of your committee in calling my atten- ton to the matter was to secure the testimony rather than the punishment of Mir. Ryan, l sent for Mir. Ryan's counsel, Paul D. Cravath. and Informed him that in my opinion MT. Ryan ought to answer the questions propounded to him.
 Why He Refused. 'I infer from what Mir. Cravath said that MT. Ryan's refusal to answer sprung from a disinclination to repeat what he deemed a private conversation
 rather than from a desire to deprive your committee of the benefit of any
 knowledge possessed by him. q am satisfied from my talk with Mir. Cravath that if you recall MT.
 Ryan. he will abide by my decision on the point of law and testify to the mat
 ters in regard to which he has refused to testify.
 Mfr. Hughes declined to sav when Mir.
 Ryan will be recalled but 1t is pre- stunned he will take the witness stand tomorrow or the following day.
 Subsequently Guthrie. Cravath and Henderson, counsel for Mir. Ryan. gave out a statement that they have advised Mir. Ryan that he should answer the questions. and that he Is prepared to do so whenever recalled by the investiga- ting committee. To that statement was attached a letter from District Att torney Jerome to Paul D. Cfavath ad- vising him that Mir. Ryan ought to an- swer the questions
 The committee was engaged for a part of the time today in inquiring into the affairs of the Prevalent Saving As- surance Society of New York. Charles F. Hughes. counsel for the committee had brought out by questioning Edward W. Scott, the president of the company that when Frank w. Hadley of New Bedford. Mass, secured control of the company in 1896 he borrowed $162.00H from the company on his collateral notes to pay up for the stock of the Insurance company.
 MT. Scott testified that MT. Hadley
 never repaid those loans and that the insurance company realized only $30,- 900 on the sale of the collateral. Com panies in which MT. Hadlcy was inter
 eated failed and he committed sui eide.
 'Tt cost the insurance company just S132, 900 for Mir. Hadley to get control
 of it." said Mir Hughes.
 Besides the $l62.000. Mir. Hadley had borrowed $200.000 to pay for the assu- rance company's stock and had put up that stock as collateral. Mir. Scott testified that he bought that stock at auction after MT. HadIey's death and borrowed the money to do it from the New York Security and Trust Company. John A. Mccall. president of the New York Life Insurance Company Mir. scott said. stood back" of him in the loan.
 Other witnesses have testified that the New York Life Insurance Company cont1 oiled the New York Security and Trust Company. After he got control of the company. Mir. Scott said John A Heran. brother in law of John A. Mc- Call. was made comptroller of the Pro- vident Saving Life Assurance Society at S1O,0OO q year.
 MT. Scott testified also that his four sons and a nephew are employed by the company, of which he is president.
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