Show EH HARRIMAN ON THE WITNESS STA contradicted many statements made by hyde in insurance investigation did not recommend hyde for ambassador new york kov 15 james hazemi hyde was the first witness today before the armstrong committee on insurance investigation he asked to correct his testimony of yesterday relative to otters for his stock he eaid he did receive four offers besides that 0 mr ryan two of them came from mr harraman Harrl man and mr frick he was offered for his entire holdings and for half of them george gould abw made such an offer but cheso were all declined because witness did not think one man should control the society gage E tarbell made an offer and he hafl a syndicate ready to buy the stock george W young also offered to buy mr hydos stock these were all verbal offers reading from the acts of 1868 1869 and 1870 incorporating the fire proof ware house corn pany and amending the act of change the name to the mercantile loan and warehouse company and subsequently in 1875 changing the name to the mercantile trust company mr hughes brought out the story of the mercantile trust companas comp anys charter he then read a bill introduced by senator ambler in the senate in march 1804 to repeal all these act the effect of this bill would have been to leave trust company without mr here made a statement denying that he or the equitable lite assurance society had anything to do with or any in crest in the united states ship building company or its securities on march 1901 the equitable lite assurance society bought 2000 aares of tho lawyers litlo ansur ance company at per share and two days later sold 1100 shares at the iame price to george H squire mr hyde said he did not know of the sale though ho was a member of the executive committee ana did not know the stock was worth a great deal more a short time after mr hyde bald he sold to the society on october 13 1904 shares of this stock at and that was the only transaction ahe had in the stock the price was the market price at that time stocks were bought on mr hydes account from Vr illiamson and squire but mr hyde denied that he had bought from them and said that 0 o one had his power 0 attorney he knew brokers were picking up this stock but did not know it was abeln bought tor any of his own committee some of the purchases he said were made for thomas D jordan but amr hyde knew nothing about it and never had any conversation with mr jordan upon it after the change of name from the american deposit and dixan company to the equitable company cers of the equitable lifo assurance society were buying the stock of the lawyers title insurance company in the name of the american deposit and loan company ana the profits on the stocks this was he farst mr hyde had heard of this transaction E H harraman Harrl man president of the union pacific and southern pacific railways was called to the stand in tho insurance investigation this afternoon mr harraman Harrl man eald he never advised mr hyde to beell his stock until after iho report of the frick committee he also said he offered to subscribe oooo COO to help mr hyde retain bis stock mr harridan said the frick committee never mentioned the union deal but included the matter under the statement that mr hyde had committed the society in unwarrantable transactions without the knowledge of the committee mr harriman testified that a five per cent participation la union pacific syndicate was offered to james H hyde but mr hyde bald be could not sign such a largo thins and that lio would interest the equitable lite mr harraman Harrl man said he did not want tho equitable in the syndicate unless hi 3 confidence could be guarded mr harraman Harrl man said he thought it was perfectly proper for fhe equitable life to buy the union pacific stock under an agreement not to sell it for flye years he laaen none of mr hadaa personal money was interested in the syndicate but he had mr hyde sign the syndicate agreement in his clydes individual capacity because nobody would want to go into a syndicate with a corporation mr harridan said that mr hyde cilmo to him and asked him to usa his influence with governor odell in set the suit against the mercantile trust company upon having mr hydes testimony rad to him mr harriman denied that h had suggested to mr hyde abo dja fsr of the repeal of the mercantile charter directly or indirectly |