| Show INSURANCE STO STOCK I IN J GREAT OEM U James Hazen Hyde Testifies That Harriman Frick and Others Wanted It It WAS OFFERED FIVE MILLIONS fi i H m Into I mm I n Detail I e in Ii I mm g by ly h of or Law Ij CM eit 1 title SIok Now CI York Nov o Hyde Ihde was Ios tva the th first Ont today t r be ba before batore before fore tore the Armstrong committee on In Investigation tol He li l fo fb cor eor correct or r ct isis his testimony of o yesterday ostell relative to tom tOl his stork stock H Io lIt saki ho did receive four tour offers besides that of or Mr Ir Ryan Two of these the come came rore from trOI Mr Ir and ull Mr Ir Prick Irl k H lie Ih was W 8 offered tom for lila his entire holdings and amid for half bait of ot them George Georgo Gould also such uch an offer but I Ithe these the timo c were all al declined because witness did not think one uno oman man should control the th society Gage K g Tarbell made an ma n nofer offer ofer said he had a syndicate 8 ready read to 10 buy bu the stock Gee Oeo W V Young also utTered to buy bu Mr Ir Hydes stock These were vere wert all alj aI verbal offers The largest t price prie offered was tto J by George GOIre W Young former eraser Nest preel dent tient of oC the time U s Mortgage l Trust company Mr Ir Gould H was nude mudo lat olor B that hat l was In the th beginning n nB of ot time the row said atU Hyde Hydo It must muM have hao been in tn time the beginning of ot February The Tho second Iccone offer niter was ns made by b Mr r Filch FIek a few before the time first board I In m February of or tut OM for tOl os the entire entre holding or of ot rOOe for or ono one unit half of or the time holdings I 1 both of these theao offers oral as ns 1 I did dil not think It I was for fO the time best beat Interest of or the that I should then thon pit pat pl t with mIth wi h my m stock Mock ork or If I J did part with wih it I mutt did not think It for fOI the time best est Interest I of at thu that one ono Individual should con trot It I I had hai no n Idea of ot parting with wih my amy m stock at that bat time I 1 to trustee It to the society for tOl live Jve years ears was U at the tho beginning of ot trouble I offered to trustee It I for live I years yearn anti then Ihen afterwards offered It to 11 tho timo society to buy bu it I and nd I then discovered time the society did ml Id not have hove Vio lf io right to buy hu It 1 What was tas IllS time the third offer The Tue third offer ofer was IS an nn offer ofer or of MO from rein Tarbell He lie Ic Informed me mime that ho hue ht had halt a 1 syndicate ute of gent mon I ready nearly reary to tn Purchase l It This ThU hl wan U In II February What was vau UH the time next offer off I Then I also alco Ilpo received an nn offer train from George W V Young of ot I should say sa that was wa at time the end of o February or the beginning heinning of lt mf Murch I am ama not Sure sura of ot the exact date dote Mr Ir Hyde testified that time the only otTer offer for to or I his imis stock made after utter the thu Prick Frick report repent was true Mr lr R Hans ans Mr Ir Hyde said aid he lie could not that he haul ever eer hUl any I or division of profits rolt front from Ocoro H if Squire and amid ald it would ho w difficult ta to t re reo fresh isis his memory because his 1 have hae beers been In a 0 most mo t confuted tut sluice since he iso left heft lot the Equitable Life I I HP lie le much did ld not limit lot know knol that It was wait for Suture to sell stock stICk to the lel society Illet with without without out omit the tho of o time the executive committee but lint thought It I could be done by an nn I rt with whim wih the president nt Mr Ir Hyde H le saul mild he was to us its lS certain who lied hU hIl power owel of ot attorney hey ney Ie while he sync abroad when he returned the was always h x tie ilu destro d Senator Armstrong time the witness If I t an un obligation purporting to hAc b ei made at a tune 1111 when Mr lr Ir Hydo 1 abroad should turn up imp lp now non no how he lie could determine If It It was a 1 legitimate plied Mr lr Ir Hydo JIO re ro replied ledI led I dont dOn know knol It would he bl wry very ery ens m Time The he amount of or expenses el Incurred by b Mr lr Hyde Ihle on un behalf of ot time the vas wu not gone Jone Into Mr tr Ir hughes Hughe announcing that thus thin matter win covered In imm the re report reo repart port part of ot Hunt hendricks and It Il was not hl his to tU Sit o into luto so IO cov covered CO ered ored because ot of the tho th limitation of the time Mr Hyde Hyle to this In Int that t n t report nn an explanation of ot the care came u ul d In making III the report of ot these He lie wild said that ho be h would hove have been heen clad at any RII time iliac to hove polo cono over thi these p expenses with any of ot the limO member of ot th time executive committee lom mitt 0 but he ii h never ner u a question Ion about them nor 1 8 he ever eor asked for Cor foran Cornil or ornum an num Itemized account of ot Reading Beading from th the tho nets nes lIet of or UM 1500 and amid 1870 incorporating the fire Ir proof company and I the act to the time name Mme to the tM Men Mor on nt lie Loan lonn Warehouse company anti anil la In 1575 changing tho the name to tl the Mercantile Trust company I Mr Ir Hughes brought out nut the story of ot tho the Trust nA char charter ter tEI He lie then read a I bill hi introduced by hy Senator Ambler r In ta tho the senate In March I t r p a all nil these acts anti and amendment effect eIt t of ot this bill 1111 If paused pl would 1 hue have been beell fo to leave the time I Mercantile Trust l company without a 1 t charter Mr 11 Hyde h here re made a state statement ment denying that hint Ill he w or em the time Equitable I I society h l anything l to do ito with willi or nilI in time the t L S Ship building company omO or lIr UH Its On March 0 Ii 1901 1 1 tIme the l society 00 sutures of time the th lawyers t Title Insurance In Co at It Iii per ier shame stunt ind two dayn later r sold llOu shares a ut itt tho time summit name a to ten Oeo H II HIi Ii ul re Mr Ir It Mid a III ho Iw lId aid not know Ino of at tho thin Nile 10 t he in wits Wilt n mm member of ot time the executive o Old not lint know that the stock was worth t deul niome a n short hort time mutter after Mr Ir Hyde said lit hI fold to the time society on un Oct 13 3 1904 S shares of this l at atI ui I wits was IU the only till transaction I hr had In tn the tIme took stock Thu Tho price wa we II wethe the th market price irlee nt at thU th time wore werf bought on Mr r Hydes from Williamson Squire hut but Mi MiI II I lyde ti emm I that ha t he iso hud t from theta them und told no nn one had 1111 hl iii IIII power of Attorney 1 He tie knew broker win tere pl up tIm imis I hl stock but did not know It wan 55 being bought for tOl any nn of his own OIl committee Some Sommie of nr time the pur vur ers he hI said raid lil l were verr mAle made for tor ThomaI D Jordan J but Mr 11 Hyde H ta know Ime nothing about It anti nCr lied had any tion with Mr ii h upon It |
