Show CLAIMS THE MONEY WAS N RECEIVED IN LEGITIMATE TE MANNER MAN N I New York iI March 20 IL of or Kuhn Loeb we Co made k i today with reference to the charges b made yesterday in a petition presented to the general at Albany by Ity State t tate te Senator Brackett Thew The e charges alleged that thal Mr r who Is a director of the Equitable Life An urance society had hud com coin loll on bonds bond worth sold to the society o by b his own banking firm firm Kuhn Lorb Losh Co ro and that therefore I he had UH violated the law for bidding I 1 in such by a u director of an Uil insurance company Mr Nr having been asked to make a u at t in connection with the alle ahle mid tild tid to a of the Press It must tUUt not lx be fX d that I shall dignify dinI by hy any ally defense of mv my firm position o tho th I hI wild allegations made mad wild and which have hae no tto bu busis iw in tut t Suf Huf flee tue it to ay that I ha t mj lay linn has recently submitted tc t eminent en i e cou couns na 1 I Ithe the t it It ho pa ita n fore in the Eq been ad advised teed by aU all o of these counsel l that in hi their th ir opinion no reason re n exists why wh these dealings dealing should sho ld be mid and similar transactions at as a not nol be made in the future by b the thie linn firm ot Kuhn Loch Loeb Co with the Ule Equit Equitable Equitable able abl Life Assurance socIety At Al the time of James B Hyde vice president nt of oC the Equitable Life Assur Amui Assurance U ance anee society it was vas said ah that Mr lr Hyde Ihde had hud nothing to say in hi reference to the charges made de a t him hint by b SUite State Senator Sf Brockett to the effect that I funds of or the tile society had been b n used by Mr rr to pay for Ole e n given Jh on by b him A personal friend of Mr MiS II Hyde said suid however I that it was not true that Mi Mr r Hyde hud had spent tire the th society s R funds in III that lint manner Jn nt 1 but that such t Mit lund hud ben n paid for f out of Mr ll Hydes Hyde private means |