Audubon County Republican. [volume] (Audubon, Audubon Co., Iowa) 1885-1894, 1886-06-17

law providing for the bank examination fee,
and that the same would not be paid, to which
Stewart replied that II made no difference to
him, he would 20 on with tho examination.
When the Vice President notified Stewart that
there was no law revuirlng fee to be paid,
Stewart replied that he did not care to discuss
the law on the NATTER but that the examiu-
alton would be made aud just before the close
ofthe examination, after consultation between
the President and Vice President the bill was
paid. The same fee was paid to Stewart in
1884 without anything being said about the
matter Car fare aud hotel bills amounted to
possibly IS, Witness excused aud a. W.
Geneser, cashier Of the Des Moines Savings
Bank testified that in January, 1884, and III
February, 1885, Stewart examined that bank,
taking the usual fee OF SIS. The President
thought II was little high but Stewart sad
that outside banks were charged $50, on &C.
count of additional expense for those exami-
nations, In the way of car fare and hotel bill
Stewart made formal request for the fee be-
fore II was paid.
| A. j. Swartz, cashier OF the Polk County
Savings Bank testified that Stewart examined
the bank January 3, 1884, charging SIS for the
| same, saying at that time that II was less than
the usual price on account OF no expense being
| attached to the city EXAMINATIONS. Witness ex
cuscd and j. X. Campbell, of Harlan, cashier o I
the Shelby County bank, was called and testified
that the bank was examined by Stewart on
| September l, 1884 for which he charged $50.
| The usual letter of endorsement from the au-
| ditor was presented at the time Cross exam.
nation brought out the fact that Stewart told
that he walked from Ayoca to Harlan, The
examination fee was paid without any discus
sion Witness excused and Adam Howell,
secretary Of the Hawkeye Insurance Compa-
ny, testified that when Vail examined the
company the usual letter from the auditor
was presented, and was told to go on, that no
| obstruction was placed In his way, aud all
| books given. In reply TO request from Vail
| for the stock book, Mr.. Howell said that rs
soon as Mr. Ingersoll came into the Office he
would get the book, which was done In the AZ
tcrnoon Of the same day, Mr., Howell then
testified to the same facts about the trouble
over the bill, that Mr., Ipgersoll did on Mon.
day; that Vail Insisted on prompt payment
and would not allow time for an examination
OF the bill, nor time to lay II before the
board Of directors; that he wanted no discus
sion over the bill; It was there and he wanted
the money; that II the bill was paid promptly
the report would be In better shape, and q
good ''send on would be given the company
by the Auditor and that II the bill was not
paid his instructions from the Auditor were
that the company would DO suspended from
doing business. Witness then gave the man.
ner In which Vail performed the cxa mInaton,
going back over the accounts Of the company
from Its organization. Old bills receivable,
and other papers which had long ago been
charged to profit land loss, were examined, and
when suggestion was madc TO Vail that such
an examination was not necessary, as they
had long ago been charged TO profit and loss,
he replied that he wished II understood that
he was conducting the examination.
Witness thought competent man could
have examined the company In 20 days, and
$40 day would be ample compensation. Rus
sells charge for the examination Of the COM
pany was $50 for four or five days work,
DIES MONIES, June &c. l.. roor, attor-
ney at law, of Burlington, being the first Wit
ness, testified, under examination by Mana
ger Craig, that he was present during the con-
yersation between Vail and Stewart over the
bill for the Burlington Insurance Company
examination. Mr.. Poor testified that when
Judge Newman said that the company would
not pay the bill except at the tail end Of n
lawsuit /" Stewart re Piled that he guessed that
lawsuit would not be necessary, and refer
red them to the provision In the statute CIV.
Ing the Auditor the power TO, aud that he
would revoke the certificate Vail also intI-
mated the same. The bill was not paid at the
time, but was laid before the board OF direc-
tors and eventually the amount was paid.
Correspondence was had between the compa-
ny and Brown about the certificate, and wit
ness came with Others TO see Brown about IT,
Mr.. Brown referred them TO the insurance
clerk who at that time, March, issued the
certihcate--aboutsi months after the exami-
nation and after the payment Of the bill. |
After discrimination the witness was ex-
cused and j. b, Haddock, now Of Audubon,
Ia, but formerly cashier Of the First Nation. |
al Bank and the treasurer OF the Farmers |
Loan and Trust Co. Of Iowa City, testified |
that when Stewart examined the bank In Iowa |
City In 1884, he (StewarD was engaged about |
one hour and demanded the usual fee Of SO, |
to which witness objected, but after being re |
ferred TO the provision for revocation Of certi |
fcate, witness paid the fee under protest. |
Afterwards wrote to the Auditor saying the |
charge was double the amount usually paid |
and asking for part to be refunded: reply |
was sent by Brown but no money. Witness
denied asking Stewart TO sign his certificate as
pxa,,I,'a.,, sto,r.r, ~htoo,oa 80 o,a or ,wo
,oans ,nodo ,v ,ho h,,L .nd c.IIod .,,a,,ion
90 49,. n,.oha ~ - ~" 80 ,ranort, ha,,a
,,,a ~ y, 49, ,s,n W',n p , w.,
s,,n.saa T., .,'a - b., ,asi,,,.a -, e..
"st oad psown tha ,,,a. 30 '.hIa, s,ow.r,
referred as being violations of the law Wers /
Jnna 80. w. tI.ddoo,,. no.noo,Iar, ,'t.n
49, -, W.T. aSs,Sa, 49,, NJ, -
porrn .ho w,s r. Tho om,Iov ~ ud,,or Rrown
~ LA. A., -. o.,a,
49, IL 100, - I.s na ,ooe .ao.,nns 80
n.ns.,,nD fron, NJ st.y.r, nm r.rron,o ubio,
she endorsed, but gave no voucher or receipt;
the warrant Itself required her endorsement.
one was summoned py 'he prosecution 70 tes-
siy a." conversations between Drown ana
oe"a'' III noi piosoheo iessiuins INSTITUTION
~ ises a"ns 1880 "aa,., NV .o wac 'A