The World. [volume] (Martinsburg, W. Va.) 1891-1896, 1892-05-26
STILL THEY COME.
ANOTHER FRATERNAL AND CHARlTA.
BE ORDER.
MIR. RANKS PARTNER TAKEs ms
TURN on THE ROLE or DEFuNcT
CHARITY ORDERS.

ing implicated with defaulter Charles
w. s. Banks, Of the Fraternal Circle,
in conducting banks and other rascally
schemes together 1t now turns out
that Unverzagt is taking his turn on
the role Of defunct charity orders.
Quickly following on the heels Of the
appointment Of receivers for the Amer
lean Fraternal Circle, comes another
application to settle up the affairs Of
the International Fraternal Alliance,
Of which Charles H. Unverzagt is the
actuary.
The ASSOCIATION is a large one and is
supposed to have s250,0O0 in the
treasury. 1t was incorporated in Janu-
ury, 1880. Tuesday afternoon r. B.
Tippett and F. r. Owens fled bill
for receivers against it for Harry E.
Greene. David Barton and S. r. Bill
lups. Greene is an employee in the
office Of the bond company, and be II
was who furnished the information.
1t is alleged that there are now out
standing about 1000 policies issued to
different persons by the company,
some Of which options mature at the
option Of the holder in partial pay
ments, while others mature at the end
Of seven years. The face Of the poll
cies aggregate 100000. II IS
charged that the Alliance is not being
conducted in accordance with its GER
tifcate Of incorporation, that its affairs
are being conducted fraudulently by
the officers, that these officers are
mainly self-constituted, and that they
have squandered the assets. The en- .
tire benefit fund, they allege, is in
imminent danger Of being lost by the
reckless acts of the officers.
It is charged that by the terms Of
the constitution certain fund known
as the reserve fund was to be set aside
and that there is now in the vaults Of
the Baltimore Trust and Guarantee
company about s62, 900 which Is call
ed the reserve fund. II is further
claimed that Unverzagt undertook to
draw its check payable to the order Of
himself against the fund but the Trust
company refused to pay the money.
Unverzagt, it is claimed, is bonded
for but $1,000 while many thousands
pass through his hands. Large salaries
are paid the officers andit is said that
Chas. G. Stietf, one Of the officers, is
indebted to the order for 50 1000. 1t IS
further charged that the books have
been tempered with, and altered SO as
to prevent them from showing the true
state OF its affairs. An instance Of
this is. the case Of Kate Nearing IA
friend Of one Of the officers II Isl
charged that policy numbered 2,i54
was issued to her by which the order
agreed to pay 500. The policy would
have matured in seven years, but it il
claimed that the officers changed the
date from June 80 to June 'SS. Sub
sequently the policy was returned, and
a policy numbered 2,465 issued and
dated back to August Is, 1888, upon
which loan was made to her. It Isl
also charged that the officers speculated
in lapsed policies, buying these up and
drawing money on them.
Judge Phelps signed an order setting
on or before June 10 for the defend
ants to answer.
AMERICAN FRATERNAL CIRCLE.
The officers of the American Frater-
nal Circle were restrained by an order
Of the court from collecting an assess
ment from the certifcate-holders called
for payment yesterday, and also from
collecting any further assessments. |
The order was passed upon the petition
of Moses R. Walter and W. Benton
Crisp. counsel for Coleman Robinson
and Others. A previous order Of the
court prohibited the collection on AS
sessments called for May 20 and 80.
but made no mention Of the assess
ment for the 18th. Joshua Horner,
the third receiver Of the Fraternal
Circle, bonded for 100000, the bond
being furnished BY the Fidelity and
DEPOSIT Company. NJ R. Walter and
Bernard Carter, the other receivers,
bonded on Tuesday. +