Show iVE if N TH T N E S ET 0 NI I Declares Frick Committee While Pretending to be Friendly Was Knifing Him HIS NIS VANITY WAS FLATTERED of Mm flint With u l of to France Very E II It e w Tork t ark Nov U James en I II former vice Ice president of the Equitable LIre Life Assurance society whose nose A followed follow ed the s sensa ensa disclosures In that company compan last lust which led to the of at hourace v company methods methode by tho the thorn rn tn B committee of ot tho legisla legislature ture the roan man whoso presence as 11 n ti wit pets nil before this committee has been poked d forward to In the expectation t It would produce the greatest Ban sen of at the tha Investigation appeared before ore tho the committee today Mr r Hydes Jl Y de s manner on the stand lard was me r re e of ot composure c and deliberation and his replies to from tram oven w aim and ami deliberate and B fed He lie was fortified nod with sv state statements ments In an and d datA daU and r was vas wa very rank frank In his explanation Frequently F he would bitter In his references to him self elt Wad his associates M while his entire was of It deep delp Interest and up many points that have hero remained In the dark It was wasi i trot ot until late at In the day that the con pon al features of at his hill testimony Were wore dt l lIr Mr Ir Hyde was wIta called collet to the tho stand litand after aCter the session opened this and lie he was WI under un r examination nil 11 day until n n few tEm minutes minute before ad nd was wag Wll taken In anticipation of pf hl his I Is presence as a witness theta them wa waB was IM wasa IMa a B greater crowd than has attended tho the of at the committee heretofore grid ud policemen were stationed In Inthe inthe the corridor without the Iho committee room r to 10 keep order ordel Mr Ir Hyde cleared up the matter of the loin loan of the Mercantile r Trust Tru t company which on the books Df ot the tha Equitable Life Lire under er the caption cf rt Ih th J f Alexander No 3 nc ac count This Thill account has hils been under in on several previous oc cc tallon but none nOlle of the tho witnesses sel here totor examined had hall been able to ex It ft Ur Mr Hyde fl nr first t heard of or this account h b the fall of ot when it was in t his attention by President Alexander who crime that thaI he h and Mr 1 I lr r Jordan had r Incurred the loan to take up un stock that thul as b ln Ing bid up to fictitious values 10 to ht the detriment of ot the company to settle suits sulta that were hampering the I or ot the and for fOIlL a campaign con coo I lilts Hits I contribution was the thu one to 10 the list last campaign and was nak Mk i el d I for tor by hy I Ir r Frick who nhu suggested It for the b a nellt of the th society To ro procure this money mone Mr 11 AIe cnn I der ter had Mr Hyde write a 11 letter to the time president cf or the Mercantile Trust com cans puny pony and If tier plure l I him ilm In the th of o n a I 1 Later HIP of ot the tha i ionn loan onn was forced faired rO 1011 Mr It Alexander and Mr r Jordan raised all 1111 they could toward l It t I 1 The Thu stuck k i lr 1 with of tho hu Icon con was Bold soM to tu Thomas R I 1 for fol nod and the th Mr Jim II i I Hyde paid I Ho He did he Ile understood Mr lh Alexander Alaxander Alu was 11 financially embar Ia ed In n u a 1 bitter tone tolls ho hl said Not Notwithstanding 01 withstanding tho thu trained strained r relations bt bp these thell two tWI gentlemen and ard Jordan I felt ff lt bound to see that the he debt det vas van liquidated by reason Of lit atthe he tho letter Sir 1 Ir fr Alexander ter extracted 1 from tram fromme me lilt Mr Hyde said that he Hist received tt II i salary of ot years ago In iu 1902 when lie he chairman of at the finance committee this thin vas advanced to o and In t n 1903 1503 It was t r as advanced d I to o at nt which It II remained until I Iha lie ha ic resigned a UK as vice president of the KO so clety Mr Hyde Hydo presented a statement showing how Ing that In the seven even years rear of ot hit his connection with the E Equitable Life and the he allied corporations his overage j Income In Inome Income come ome had b been en only anI a 1 little more than a n year This was lured as n seven coven years rears salary from the Equitable amounting to from which ho deducted his losses In syndicate actions amounting to S and the paid on the loan which left leCt a I balance of at i 10 3 or an un ravern g o I annual Annum of ot 7 7 to which v was WA w wadded added the tho average income front from hU his In lit the trust companies of at lO OO Witness said Mid he presented this state statement ment meat to show shot t ho hI had beets been misrepresented resented The Instructions to Mr Jordan nl I to A C Fields Fiends the thu legislative gentt genn as ac n Mr lr referred d to 10 his hili I today toda Mr Ir Hyde n le kne nothing bout about 11 I He ne said Hal 1 ho he never consulted with Mr lIr i Jordan about legislative matt matters rl anti nI that none of or tho the legislative l I affected him hint or hl Its hh Interests tl In any anyway anyWay way The ho syndicate operations of J II H H llo and a nIl associates were Vero Bono gono Into Ver very ery thoroughly und and an It was shown that I h In i 23 3 syndicates Mr Hyde Ihle sustained I personal loses es of ot Mr Ir Hyde us ms the apportionment of o the t 1 L l lull u ables allotment of at bonds In syndicates to officers of at th the Equitable Life Lite i t to the time customs anti and usages u of Wall Vall street Of or tho the formation of the time J H n hyde Hyda and associates associate syndicate Mr dr Ir Hyde HYlle raid said Mr Ir Alexander suggested It t for tor the con COli convenience cone ot or bankers Of Ot the tha 0 Union Pacific c pool maul Mr Ir Hyde said eald 1 Mr Mr Ir Harriman Instigated instigated it and explained xi It was tva Rt to be a I hold hohl holding holdIn ing In syndicate for five fie years curll It vas 1011 understood this was IRS for or the purpose of ut controlling tho the Union Mr Ir hyde Hyda signed the tho syndicate agreement ut lit Mr h suggestion and talked only with Mr Ir Harriman on the subject Tine The rh executive committee was IM not Informed of this operation on as Mr Hyde said that tha I Mr Alexander did not think It awry sary and Mr requested reIJU st that I the committee be not Informed of ot It ItH H I Ire said that Mr lIr even ven re refused roo refused I fused to give n a of ot time the purposes pur purposes purposes poses of ot the tho pool to 10 the superintendent nt of or insurance when ho was clamoring I for tor It last spring sP r Eclipsing l all nil this sensational testimony tee ll I mony nany statements er were the statements of ofIr Mr 11 Ir Iy Hyde Ihle tle concerning former Jov Odell 1 i Mr Ir Harriman relative to the th set settlement salt et of at tho the Shipbuilding company suit null against the Mercantile Trust com compan company pan pany Mr Ir hyde Hydo said Bait that thUI Mr MI Hur Ilar to him and advised the tiu set pel settlement sett of suit as he feared t that powerful Influence nt at Albany would be I Invoked In retaliatory measures Mr Ir Harriman suggested lu no ns one of them measures the revocation of at the charter of or the Trust company Mr Ir i Hyde kill 1 of ot no actual stepa steps that worn wera j taken nor of ot tiny any nn bill hilt that was Intro Introduced Introduced lured but bat he was beset with rumors that such urh steps were about to be he taken by h legislation The Th Equitable l Life he ho heBald Bald ild was not Interested Int beyond b tho thin connection It had wIth the Mercantile Trust ruBt company I Mr Ir hyde was Willi under tho the Impression I that the Mercantile In settlement re rp the bonds and paid Mr Odell about lI oUt 76 The rhe original claim of or orOdell Odell Udell was about bOllt 0 The rue bonds sub flub subs subi s netted about 50 O cents on the I dollar Mr Ir Hyde lI dp 1111 sold Mr Harriman I suggested the settlement of the Ihl suit and nn I that the lite counsel 1 and numbers members m of the theo I o committee committed of lh Ih Mercantile Trust crust advised It and he r It I Chargers Char of conspiracy to get et him out of If the country were made by h Mr hyde Hyda 11 16 i i 1 Henry C and nd E K H Har Ilman In lu connection with the reported of or Mr rr Hyde to b become come amb am nm b A r to II Trance France He ti e anId Mr Ur Ir l rI k Inspired the lien Idea and ami witness took look It ItaH ns all n a Joke joko at rat Hist lust but hut when hen Mr rr Trick I brought ht It up tip liter Mr It Hyde was teas a flat flattered flatterer and both Mr and Mr Ir 1 Trick PrIck promised prom Ned to use urn their Influence to secure the Again Mr Ir Hyde waxed bitter In his hI hIe explanation e of ot the e Inter Interest interest est c t these gentlemen had In his Ih ne nerom from rom the country He lie said he thought their Idea was n that they would acquit themselves of their friendly steward stewardship l ship with greet groat profit to 10 th PS and added d that the nature of their In terest had since become very ery y obvious Mr Hyde lyde charged Mr Ir Flick Frick with broach broich of ur faith In leading lending him to be believe belIeve believe lieve that the Frick committee was friendly to tn him and with doing all sit he ha could to witness 1 from tell soil telling soiling ing his stack ock at th the same time an as Mr Hyde Hydo lIy p sold said doing everything on that committee he lie could to h knife ma me and destroy the value of that thaI tock Mr Ir Hyde explained that he used friendly In the Just juat genie comics of the tho word and that It If there iva vas anything for tor which he Could be criticised ell he helS was lS willing milling to take whatever criticism came Mr r Hyde Hyie sold suld hu he did 1101 not think the report was at all 1111 lair fair and that the committee posed pored as his friends while hu hs was b being attacked on the other side sideby by br Mr Alexander r and his bis hl friends under tho the t sham shun s u m of n Mr Mt III t inn II he said nuked asked him to tomO move mO the adoption adoption of or the report nt III the tho meeting of the board but Mr Ir Hyde ryde Ih seed said he lie absolutely declined as ns It was torts condemnatory of everything that had lied ever transpired In the society and he was wan advised by I counsel that su aura h ha a step te would 1 throw the Equitable l Life Ilfe Into the hands of ot a n receiver Mr tr Hyde Brite was ns excused until tomor tomorrow row ro when his examination will tw to re Ie Fumed Bunted M INFORMAL STATEMENT IE T New York Nov 01 H Odoll Odell was Wall asked ached tonight about the state sInh |