Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1906-01-27
From the Topeka Herald, January Sth.

When the conflict between the
warning factions in the Equitable
was commenced in February last the
name of E. III. Hartman became CON
spicuouS In connection with insur-
ance management. He warmly
epouSed the case of young HYDE
wnlch or course, anuaguniZed the
other faction, and soon he became
the target for many shafts. 1t was
charged that he was the real mower
of the Equitable; that HYDE was
mere puppet in his hands; and that
the vast financial resources of the
Equitable had been supporting him
IN many or his great railroad enter-I
Prlses his enemies appeared conf
oent that thorough Investigation Of |
the Equitable and of his relations
with that institution would be his
uhuolng; and many of ahis friends |
were not entirely without appreben.
sion =
Such Investigation has been made,
not only by the state insurance com
mlssIoners and by the new MANAGE
ment of the Equitable, which is none
loo friendly to Mr.. Hartman, but +
also bv Inauisitor Hughes and the
legislative committee Investigating
Cne New YORK insurance companies
ana the result has COMPOUNDED his
enemies and elated his friends. The
evidence conclusiyely shows that he 4
never got dollar from the Eu uitable
except on one occasion, when he bor-
rowed 81, 900 upon collateral I!
WORTH over 81, 100000 and paid the !,
current rate of interest and ultimate $
~ TOOK up the loan bebause the in
CereSt was too high. Scores of tinan-
ciaI institutions in New York prob {
inly would have readily made the
odn upon the same terms. The. evil
fence also conclusively shows that he l.
never sold directly or Indirectly. a q
snare of stock or d bond to the Eouit-
loie ana that his only transaction !,
Win the institution, aside from the l
oan just mentioned. was to accord Z
'ouns Hyde individually, but who it =
uosequensly turned out was acting "
or the Equitable. particip patton of IS
per cent In Union Pacific prefer u
ed stock syndicate, organized by Mr..
hartman: and that has resulted in g
uch proht to the Equitable that Of G,
erS by MIR. Hartman or his assocjatas I'll
relieve the Equitable of it at cost n
no interest has been declined by the ie
resent management OF the EQUITABLE
hlch is satisfisd with the invest ca
lent. gt
After all that has been saio and at
Dne no one has been able to point
~ single transaction of Mr.. Harri-
an With the Equitable, or any other
surance com pany. that is suscep- :.
ole TO the least criticism Tn the
hLrary, as member of the Prick. -
he helped to expose and les
'nounce the miSmanagement of the rec
IuItabie, and it. was for his work
ION that committee, and concur co,
nee In its report. that young HYDE ne;
rned against him. The latter. i'm Nj,
testimony recently before the far
gisiatlve committee. inspired by 7
) resentment. endea vored to show s,;
at Mr. Hartman had favored his 81,
end, Ex-Governor Odell, by urging 70
on Hyde the settlement of a snII
iinSt the Mercantile Trust Co
ich IS controlled by the EQUITABLE IT,.
ooth Mr. Hartman and Governor tic
ell subsequently testffying before nao
same committee fatty contradict fai,
HYDE, sweepingly denying his z
tements- Mr.. Hartman testified hon
e instead of urging the settlement
dc nad come to him, knowing his
enoiy relations with Governor G
l,,if inf tba 1891 " assistance on full
siemene, but that lie had declined
10 more than bring the parties To-
her- and that nothing to do with -
negotiations
lr. Harriman'S testimony before
committee makes very int
reading 1t shows that lie was
er member of the executives
lmIttee, which really exercises the
ctlous of the board OF directors s
or any other committee of the