The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1880-11-17
Another swindle on the CoIored Folks.

Another Swindle on the CoIored Folks.
A Washington special to the Enquirer of
Sunday says:
A first-class swindling scheme to defraud the
Ignorant colOred people has been brought to
light. 1t is called the Washington Savings So
cety of the District of Columbia an institution
chartered under general incorporation act
passed by Congress for this District. The names
of the officers, as printed on the pass books
which the Company issued to their depositors
WERE John {. Wilson, President; George s. Bal
loch Secretary; S. H.: Hadley. superin-
Allison, Isaac L. Johnson, w. II. H. Jones,
and 5 ID. Hadley Directors with office at No 6S2
+. street. The purpose claimed in its organiza-
ton appears to have been TO insure the lives of
babies and TO give sick benefits to mothers.
Their transactions in this city seem to have been
mostly among the colored women. The deposits
or contributions, were required weekly, and in
amounts OF five cents ten cents Pass book
held by Samuel Banks, colored. of south Wash
,'lnfantile contract" between the Society and
Marian A. Banks, two years old, for whom the
mother. Martha Banks is bound The
contract states that If the child dies
within three months from the date of the
benefits payable on death OF the insured vary ac-
cording to age from $40 to SEQ. upon condition
that the contract shall become void and all pay
ments made TO the Society be forfeited If the con-
sideratiOn for which the same is granted have not
been or not in all respects performed or oh
served or II the child do not conform to or abide
by the laws, rules and regulations eff the Society;
or II the child pass beyond the limits of the
United States, or the British Provinces in
North America, etc. The contract in this
case is signed s. II. Hadley. Acting
President; George S. Balloch, Secretary
and countersigned by T. K. Brown, agent. The
payment of five cents per week pnrports TO have
commenced July 81. 1879. and were kept up to
June last, making altogether 81. % paid. Very
soon after this last payment the child of Banks
died, and sam Banks made demand on the Com
pany for $40, which he claims was due As per con-
tract. He was told that the funds were short
and TO call again in week. He did call, and was
again put of, and, after calling frequently and
getting no satisfaction he asked white gentle
man to see after his rights. This gentleman went
and, after finding General BallOch in the
office, placed the pass-boOk with the contract
before him and asked him II he knew anything
about that. The General replied that he did not
When reminded that his name appeared one of
the principal officers he said il there but not
by his consent, and he had nothing TO do with
the Society. When asked where Mr.. Hadley was
he replied that he had left here in June last and
no one here was responsible. The name of his
General BallOch's) son, George s. Balloch was
then pointed out to him, and he said his son was
simply employed as clerk for the concern, and
was paid a salary, but he had no interest what
ever in il. Ii is understood that Hadley Is In
New York at present. A colored man stated to-
day that he thought there were 400 500 in this
District in the same boat with Banks.