New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-08-25
A STORY OF THE DOWNFALL
SUPREME CASHIER DAVIS ALLEGED TO HAVE
BROUGHT 1T ABOUT-LOCAL BRANCHES
TAKE ACTIO,


TAKE ACTION.
Baltimore. Aug "a (special).-Edward Rouse
NJ the supreme trustees OF the Iron HAIL. gave to-day
some inside facts In explanation OF the concerns
downfall. "supreme Cashier Davis was at the bottom
of It ALL, said Mr.. Rouse. lie has been plotting
against Somerby for over SIX months. The trouble
between them grew out Of the discharge OF an en-
ploye named Kneer in Davs's Office at indianapolis
The supreme body learned about year ago that he
was speculating In wheat at Chicago and 1t under
stood that Davis interested In his speculaons.
Knefer was discharged, and Davis was dspieased at
this. Soon aftervard the plotting against someroy
began. Six months ago Davis came to me and said:
.I'm either going to down somerby or destroy the
order He also visited the supreme officers and asked
them to assist him in deposing Somcrby.
"One OF the plaintiffs I'm the suit to wind up the
Institution was Knefier the discharged clerk. The
ORDER Is solvent and the money could have been made
up by assessment There Is proposition 10
establish new Iron Hall order In Maryland. II Will
enable the 5000 members OF the order In this State
TO transfer their certificates and continue payments.
1t is not likely, however that many members Will try
the new venture the people here having lost faith In
such institutions"
Philadelphia Aug 24.-Five foreign attachments
were issued today against the supenle sitting OF the
Order OF Iron Hall. The attachments are for $1,000
each and are Issued upon the petition OF five members
whose certificates have matured.
Oakland, Nd, Aug. 24.-Ine WemDerS OI Locds
Branch No. s5 Order OF the Iron Hail. have applied
to the Circuit Court for Garrett County for the appoint
ment OF receiver to take charge OF the reserve fund
in possession OF the branch and for an Injunction to
restrain the officers from sending any OF the funds
out OF the State paying over any further assess
ments TO the supreme sitting.
New Haven Conn, Aug. 24.-The local lodge OF
the Order OF the Iron Hall has practically withdrawn
from the general body. There are 166 members, and
at a meeting Just held IT was decided not to remit
3D. 700 OF assessments now due. The money In the
treasury will be divided pro rata among tire members
In good standing
Trenton y. j.. Aug. 24.-Two suits restraining the
officers OF the Iron Hall In Jersey City and Camden
from sending any money to indianapolis were begun
I'm the Court OF Chancery this morning. Charles i.
Ware OF Camden brought one OF the suits. He claims
that he has yet received the Sl 900 due him on
June last. The yicechancellor Will hear argument
on Tuesday next.
Detroit, Mich, Aug 24.-Henry NJ Cheever this
afternoon began eight more suits against local Danches
OF the Iron Hall. The bill In each case asks for the
appointment OF receiver for an Injunction restrain.
Ing the officers from using the money on hand ana
eventually for a division Of the money among the
members In proportion TO the amount each has paid
I'm. Mr.. Cheever says that he will at once begin
suits against four other Detroit branches, and when
this Is done all the branches will have been served
alike.