The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-02-04
'TYREE COMES TO
FIGHT CHARGES
Accused Insurance Official Surren-
ders Himself and Gives Bail
for $4,000.
SAYS MALICE is BEHIND IT
5ooKKEEPER OF COMPANY IS
ARRESTED FOR COMPLETELY.

Hiram Tyree, president OF the Con-
tinental Life Insurance & Investment
company, arrived in Salt Lake from
SaH Francisco yesterday morning, and
almost Immediately surrendered him
self in Judge c. B. Diehrs court on tho
charge of classifying the annual report
of the company for 1904. He was at
once released on $1,000 bail. which was
furnished by II. A. Mccormick and S.
A. Whitney.
Later in the forenoon Cameron c.
Wylie, boolIkeeper for the company,
was arrested on the same charge. and
bail in the sum of $1,000 for his ap-
peaTance was promptly furnished by
the same persons. The date Of the
preliminary hearing has not been
fixed.
Looks Like Hard Fight.
The fact that the bond for the ap~
pearance OF the two accused officials
was furnished by the Mccormick bank
ing interests-W. S. Mccormick being
a heavy stakeholder in the life insur-
ance cOmpany-is taken by many as
an indication that the directorate Of
the insurance company will stand be-
hind Mr.. Tyree in the fight which is
being waged upon him, and this feel
ing was accentuated by the appear
ance in court with Mr.. TyTee Of Frank
Pierce, the cOmpany's attorney. Judge
o. W. Powers is leading counsel in the
case.
w. S. Mccormick is out of the city.
but it is said on good authority that
it was by his direction that his son
and the assistant cashier of his bank
became bondsmen for Mr.. Tyree and
Mr.. Wylie Mr.. Mccormick is expected
back today.
Secretary of State Charles S. Tin
gey put a man at work on the books
of the company yesterday, and tomor-
row State Bank Examiner Charles A.
Glazier will take charge of the exami-
nation Expert assistance viii be
called in, and the examination will
probably take several days.
Mr. Tingey said yesterday that his
examination had no connection with
the criminal proceedings against Mr..
TyTee and Mr. Wylie, but that it was
solely to determine whether the com
pany has complied with the laws Of
Utah.
What Mr.. Tyree Says.
After consultation with Judge Pow
ers and Mr.. Pierce. Mr.. Tyree said
last evening that it would be a simple
matter to show the animus of the
charges against him and the company.
as it was pretty we'll understood the
charges originated in personal malice.
Il do not think it advisable" he
continued, ito go into the history Of
the situation until the matter comes
up in court. The fact that the COM
pany asked the secretary of state over
a week ago to make an examination OF
its books, ought to be ample proof of
our confidence in the statements that
have been made by the company. and
the falsity of the charge that our an
nuaI statement was manipulated The
examination viii show the company
has been successful in its operations
and has been conducted in a perfectly
legitimate, busineSS-like way
LAS for the contracts to which refer
ence has been made. they were under
stood and approved by all of our d.
rectors except one; and the standing
OF the men who constitute the direr-
tory is such that nobody in Salt Lake
would believe for a moment that thew
would countenance anything wrong.
Wien the motives behind such an. at
tack as this are so well understood as
they are by the business community
here, no other explanation is required
The company is all right: it's business
is on solid footing and we are con
ndent the outcome of the hearing tn
be had will convince even the mos
skeptical that there is no foundafio1
Tor the charges made but a desire for
personal revenge"
Assistant County Attorney Job p
Lyon wanted Mr.. Tyree's bond fxed
at $4,000, but Judge Diehl refused to
Tx it in so high an amount. He said
he believed $1,000 would be ample
Mr.. Tyree is still a resident of Salt
Lake, and his family is here.
What the Charges Are.
The charges against Mr.. Tvree
were published in yesterday MORNINGS
Herald. In brief they are Mr.. Tvree
held his books open after nee
81, 1904, for the purpose of affecting the
official report of the company for thar
year; that his report faIsifed tbe
amount of cash on hand, and that If
understated the, expenditures for the
year.
The active spirit in the fight against
Mr. Tyree is DR.. H. II. Mayo. who vas
deposed as medical director of the
company at the recent election. He
also accuses Mr.. Tyree of organizine-
all agency company for the purpose Of
milking the assets of the Insurance.
company and the Western Securities
company, a concern of which the me-
Jority of the stock is held bv those