Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1906-01-06
Factors In Financial 0ligarchy OF Our Country
Hartman Was Very Angry---TaIks Of His
Relations With Political Leaders And Legis-
lature Of New York

cred this an act OF bad faith, turned
my back on Cravath and walked away.
Mr. Ryan later asked me to his Offices
on Monday and meet Mr.. Root.
I'm that interview with Crayath he
told me that Mr.. Root had insisted on
the appointment of the trustees Of the
Equitable at once and the announce.
ment In the morning papers. That was
the first intimation that Mr.. Ryan had
asked the trustees to act. | want you
oil to understand that have something
besides life insurance to do and think
or. My mind was on the $4,000 miles
Of railroads and thirty.fiye to forty
steamships which have to think Of. |
wanted only to safeguard the Equit
able. Mr.. Ryan did not tell me at the
, first interview what he paid for the
Hyde stock.
AT the next Interview Root and era
Nath were present. ] said to Ryan: You
want my cooperation he said: Yes
| said: 1 will take half OF your stock
provided you will agree to the appoint
ment of two additional trustees, who
will be absolutely independent
Ryan refused, and told me had
promised to help him II was satisfied.
] said this was my way of being salts.
fed. | do not remember what else
said. | may have said what these geu.
tlemen say | did. | intended, unless
was satisfied Of his motives, to oppose
his control OF the society and thought
II ought to be stopped. knew whom
he had selected as trustees. bun did not
know his plan to divest himself OF con.
troll OF the stock"
why did you object?" asked Mr..
Hughes.
Il wanted two trustees, independent
OF Mr.. Ryan. ] think that any trus.
tees named as Mr.. Ryan named them
must be to certain extent under his
control, especially as he had named a
man out OF his own organization as
president. did not demand a right
TO name two trustees, but merely that
they should be Independent OF Ryan.
] offered to turn my stock over to the
society II all did.
Il don't see why he should not make
the trustees number a hundred II his
natives were pure. was not a phil
anthropist, Ind did not consider II such
for him to pay S2,500,00O which he was
going TO get back when he got control
OF the society. IL was because OF my
interest in the Equitable that wanted
share. There was no possibility OF
panic. No one but Ryan had such a
view. doubt whether he had it,"
Odd you tell him he could not
succeed without your help? Al was
convinced that he intended to center
the control of the Equitable in him.
self, and | told him that my influence
would be thrown against him. | told
him ! would use every effort | could.
IL was not so strenuous an interview.
II lasted fifteen minutes.
/ Odd you refer to legislative ac-
/ tion or say anything about the Legis.
lature? Al do not recall any such
thing. nor that | would do anything
to induce legislation. cannot deny
positively that | did. / don't know
that II would have been proper. Every.
body knew that there would be legisla-
ton on the matter. III | recollected IL
| would be perfectly willing to tell II.
| Odd you take any steps to thwart
his plans. A.-Not yet. had no con-
Nersation with Governor Odell about
ACCESSIBILITY OF a legislative investiga.
ton, nor about any kind OF legislation
I whatever. ! knew nothing about this
investigation whatever
Mr.. Hartman said he is in politics
and he said he did not consider Il i'm.
proper II he used his political influence
against Ryan.
! Nothing improper in Ryan's con.
duct of the Equitable has yet come to
3 my attention" he said. "and have not
had time TO attend to II. II anything
had come TO my attention would have
acted"
/ Q.-What Is your political influence ?
Alt Is such as any man OF promi.
renee has who has never asked any.
lhing improper. have great inter.
ests in New York and am often con.
suited.
Mr.. Hughes asked how he was con.
suited.
IL had to do with preventing bills
from being introduced in the Legisla.
ture by one faction in the Equitable
to get control OF the society"
Q.-It has been charged that
through your relation with Mr.. Odell
you have political influence. What
would you say as 10 that? \. - Well,
| should think Mr., Odell had political
influence because of his relations with
me," replied Mr., Hartman. Uaugh.
teri
A few minutes later In his testi.
mony, Mr.. Hartman returned TO the
subject OF former Governor Odell and
political influence, and said:
MIR. Hughes, you spoke about Gov.
ernor odell and my having political
influence because OF my relations or
, utilization with him. | would like TO
say that all last spring during the con.
troyersy, the Equitable controversy,