Show DETAILED ACCOUNT Equitable Books Boks Getting a Thorough Overhauling New Nsw York Sept the conen conven te in In leg today toay of the special legislative com coin committee co Investigating the life fife It insurance Chairman Armstrong an announced a announced that owing to t te serious t Iii ll ness nei n S Fred Pred Nixon speaker ot of the as M assembly the committee met under und r dis dil L t fn From Froin information at had hand S Sentor Senator 1 Armstrong Arstrong said sid It t is I feared fere h cannot c t tee recover lecover ee and in the event of or his h death i the te committee will 1 instantly adjourn It I was wa announced announce prior to the pro PM feedings of ot the investigating committee that tha Jacob H head of ot the firm of Kuhn Kulm Loeb Lob Co bankers has haa th wen subpoenaed and will take the stand for examination either today toay or tomorrow The Te first witness today toay was G George orge C Cal Van al Tuyl Jr secretary and treasurer pf of lf the Albany Trust company who pro duc a a transcript of ot the account of An Andrew n drew Hamilton opened Feb M 21 m 1 lie He tata that nethe neither o the bank nor he I had knowledge of the purpose JUI for which th becks were paid pid in or o out on that ac account aco account count o t I Syndicate Transactions i I iI Mr r Van Tuyl was J excused and an Henry i Rogers Winthrop assistant secretary of ot the Life Lf Assurance society resumed his b testimony as u s to the syndi syndicate I rate cat transactions of bl his company Mr i Winthrop said Md that tt in the tb syndicate or 01 1 to take the bonds bd issued bu m on ni the reorganization of the Union Pacific I Railroad company com ny the Equitable society St II tva t allotted 10 of the bonds bond and toe the profits profit the society lety received rehe from frn an this ti te I transaction were shares sur of Union i Pacific preferred stock I Tho The society Mr Winthrop WInthro ald paid only for the amount amont for fot to which It subscribed su i Squires In Dual Capacity Mr Ir Hughes HugIie counsel for tor the committee I why it was i that the th Equitable so society 1 had paid Iid n to the th Mercantile Trust company Mr Ir Winthrop said Ild it i was bemuse because beuse the checks were wre paid J ld that way Several vouchers signet signed by George Ger II IT 6 as secretary of o a finance corn com committee cm mitten mit of the Equitable were shown in evidence as aa also allu was a I letter from George Geor rr n Squires Squire for the Mercantile Trust Tr corn com company cm pany to General FiUK Fia Fitzgerald erald of ot the finance of ot the Equitable society slet for payment of sG or eighty eight per cent nt It f the participation in the tire thellon llon Pacific syndicate in consequence ef of efa ofa a call l Il by Kuhn I Loeb Lob Co CoThen Co CoThen Then uThen said ld Mr Hughes Hughe George II U Squires first as an officer of the th Mer Yel Mercantile cantile cante Trust company writes wrt to t the and asks ask for tor and aDd then Uen te as ns an officer of ot the Equitable signs i chicks checks tying the money to the tJ M Mpr nWe Trust company T asked aske Mr Hughe Yea replied Mr Winthrop i Fitzgerald Was In inA A Mr Winthrop Winthro said that General Louis Lis Louisy y Fitzgerald chairman of ot the finance corn com committee em of ot the society Se wb for r of the Union Pacific bonds and whoever held the te bonds old over Or I the th allotments an of ot the iO to thA Equit Equitable Eul able ablo also received for tOl profits 11 tl shares T of o Union Pacific preferred stock In a Northern Pacific syndicate s n lete the te Equitable participated to t the extent of ot and the prot pronto profits ultimately amount amounted ed WO to This was wu not paid pia pId in cash but in Northern Pacific shares share which appeared on the a books bok Search for In the Central Pacific refunding syndi syndicate cato cate te tho the participation wag WI Co th tM man 0 irs iUt sc t cheek k for tor 1474 an en e P a IS IL 11 IS im IIO o th the profits Mr 11 Wi Wh T W he e was v a t unable to find fn in li what account this entered on 01 the society S I books made madeA hk nade but the t search was still sti being beng A syndicate to handle Southern Pacific goUl Kon hernia bonds was wa Q formed and Ild Nov 16 16 Spay Spey Speyer er A Co alot the Equitable 0 of bonds In this syndicate also aJo was the Western Weter National bank J W V Alex Ale Alexander Alexander ander and aM George Gerge II 1 Squires the latter later three each receiving O of ot the bonds In n 1891 1 the society received a check for Ili as its it share of the profits In lit a syndicate formed forme to t hold Illinois Central railroad bonds which was or organised 01 by y Kuhn Lo Look b Co the Equit Equitable Equi Equitable able abe society sil participated to the extent of off f 3 and a actually pid paid in The bought uCh 0 worth of the Minds bonds b in the open o n market at it l though he the th syndicate price was SS 8 and lud interest lr Winthrop did not know whether any ioa tion to officers were In that transaction Not on the Books During Durn the th questioning of Mr Ir Winthrop It i t was waa as brought but out that the Equitable Trust rust company loaned the Equitable Life Assurance nce society 0 in the name of ofa ofa ofa a clerk clrk Eugene Euene ugene Harrington Barrington Barrington Witness said Mid Mi this loan Joan liu did not appear on the theba books ba of o the Equitable Life In Ia the Chicago Cia o Northwestern syndi ate ante in which there th N was wa a participation or of t the Equitable to the extent of Mr Winthrop read red a letter leter from Kuhn Lb Loeb x eb Co Co In which that firm said sid It had bad forwarded foward a check for as profits This Thle check chek witness had failed faie to able ble find Ind recorded on o the books bk of the Equit Equitable Equitable The 8 various arus syndicate transactions were vere Inquired Into by Mr 11 Hughes Hughe Hughe After ob ch chaining the figures in the te Japanese bond bondal sales al Mr r Hughes asked ake Did i not nt the tb Equitable Life LICe become a large arge purchaser of oC o these thee bonds Gave Away the Profits Yes YN but bt WI we gave the profits of our pUr e to the trust company compan said Mr 11 Winthrop Mr Hughes was wa reticent wih with ith regard to o the last lut proceedings He stated that he h intended to continue the examination of f Mr Greeve Greeves and nd the mysterious Gere George H Squire trustee account As there here are a number of entries yet to be considered in the new account and as astere there tere is very ve little light upon them at present a goo goe deal of ot time will wi probably b true be rue e consumed moaning meaning in trying tyinG to find out their |