Show senators crowd had used funds of equitable syracuse N Y july 13 state insurance superintendent hendricks today was asked as to why reference to the depew improvement company and its exorbitant loan from the educable Edu Kable life assurance society was not contained inthe preliminary report of als investigation of the so chetys affairs mr hendricks sald that was ancient history we had pone into that before we told them the society to call the loan we marked the valuation of the property biown to they kicked on that md we told them that if we made change it would be less they then foreclosed the mortgage on the bid it in tor and they have iff vet mr hendricka also replied to the comment of attorney jerome of new york abo bad said it was funny that the newspapers could get a copy of the evidence taken in the equitable the district attorney not mr hendricks it jerome wanted a copy of the testimony why did sot he ask for it has never asked fora copy of the testimony not at least from aie neither at the new york office nor the albany office of the department it he has ever asked tor it we davs not received any such request it s understood that a copy 0 the testimony was sent to the new york office ot the department to be ready for mr jerome it be asked for it new york july 13 senator chauncey M depew has made a statement io the paris correspondent of the new york tribune regarding the loan of made by the equitable society to the depew land improvement company on property al have been worth only DOO in which he bays that he had advocated any edich was a director ot the equitable senator depew further says That loan never could have been made unless the official appraisers of the equitable had reported after examination that was only CO per cent of the proper tys value lucli being the rule of the society and that on such a report the officers of the company had unanimously approved it the depew land improvement company was operated some five years before I 1 was induced to become a stockholder it had then about inhabitants and many thriving industries including the new york central shops and connection with several trunk lines the company appointed a general manager who built houses a hotel opened streets extended the water and sewer systems and incurred great liabilities in improvements A few of the larger stockholders formed a plan to pay off all liabilities and provide working capital but the stockholders were so numerous a large number living abroad that cooperation could not be secured and the company went into the hands of a receiver five years after the equitable loan the appraisal of the property has been made by officers and independent persons the lowest valuation being over and above all liabilities bili ties it the equitable and other creditors aill join and take the property out of the bands of the receiver and put it on a going basis there Is no ity of loss on the contrary in the judgment of those best acquainted the property there is a certainty of profit A few days before I 1 sailed from abw york I 1 placed my resignation as counsel in the hands of chairman mor toa and I 1 am very glad that he accepted it I 1 have passed my seventy arst birthday and I 1 had made up my nind before I 1 reached 72 to secure something of the rest and freedom from incessant work that has been de aed me ear after year BASEBALL COACH new haven conn july 13 wm J ansh the cleveland american league player who coached the yale baseball team this season today signed a contract to act as the yale baseball coach lor the next three years the amount w his salary is not stated the fact that he has been engaged y yale for a comparatively long term 18 regarded as permanently committing the university to the policy tried lor the first time last year of having a professional coach remain with the ani throughout the season OHIO BANK CLOSES springfield ohio july 13 the alt asis bank of yellow springs a private institution tailed to open its doors today it is thought to owe depositors po between and LETTER POSTAGE REDUCED paris july 13 the chamber of deputies today passed a bill reducing letter postage from 15 centimes cen times three cents to ten centimes cen times two centa MEDICOS IN convention portland ore aily dr v J kayo of rochester glnn will aly be chateen the 8 as of oie amer bean medical association at the elec faion of officers which wim take place on the last day of the present meeting last year at atlantic city there was a spirited contest between the two members the present official head of the body being victorious by only one vote this year there seems little doubt that dr mayo will be elected to take his seat at the opening of the session one year hence next to the presidency the second question of prominence uppermost in the minds 0 the doctors Is where the session shall be held boston seems to have a strong following and it is probable will be the choice of the members of the house of delegates atlantic seaboard locations attract a large attendance of physicians engaged in local practice and since no centrally located city is making an urgent request for consideration it is probable that the massachusetts metropolis will be selected dr george H sammons who has held the office of general secretary will be elected reelected re to that position without opposition |