The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-08-13

by o Phi ladelphla company about two
years ago. Both were IN force. The bond
signed by Auten and Frederick 1 suppose
is I'm the hands of Mr.. Hayes. at his office
IN Philadelphia"
"Have these supreme trustees made any
report 10 you, since the Supreme Sit
ting at Omaha. as to the condition of the
bonds of the officers of the Supreme Sit
tingr
Omaha"
How much pond Is in force now against
the cashierf"
"The Frederick and Anten bond. l think.
old bond. believe Mr.. Davis's special
friends name is on itv
lis it julius WalkT'
IL do not know the name."
Nv hat is the amount of your bondi"
Five thousand dollars. 1t 10 a personal
bond given ten days ago. executed In De-
troit two weeks ago, with Henry ). Rob-
erts and VIM. Leech. both of Detroit, as
sureties."
How long have you been doing business
as supreme justice without a bondp
Two years. My bond has not been APP
proved by the supreme trustees The chair
man. Mr.. Youughusband, has 1t"
Actually you have no bond in force.
Mr.. Smith Gnterruptingi-He has told
the facts: that is q conclusion the court
will arrive at
What funds of the Order of the Iron
Hall have been placed since the Omaha
meeting in the hands of the supreme trus-
tees for investmentP
Directly. not any. By an implied agree
ment with the supreme cashier 1t was
deemed advisable that the reserve fund in
his hands, which he had always held,
should be placed in the hands of the trus-
tees. The agreement was not written. 1t
was through consultation between NJ. G.
Davis and myself at Indianapolis. This
was something over q year ago. / sug-
IN i'm hot no hah frop fov
the reserve fund to the trustees for invest
ment, as the law so required it. That had
never been done before because we con
sldered the funds absolutely safe In the
leave them with him. Some money was
sent TO philadelphia by the supreme
cashier. which have been informed
was invested by the trustees. There
about $4,000 belonging to the reserve
fund That was in bank here. The re-
serve had been drawn upon in . regular
way, that is one-seventh. when we had
needed 1T. In 1890 two-sevenths were drawn
out. In 1859 the record Will show n0thiDg
was drawn out"
MERE BAGATELLE OF $94, 600.
This s94 600 was turned over to whoms"
1T has never been turned over. Mr..
DAVIS has been ready to turn 1t over to the
trustees when an order was drawn, but he
has held it as q deposit continuously. Mr.
Davis says he has not turned it over and
ar. Hayes says be has"
HAS the Supreme Sitting turned over
any funds at any time to the supreme
trustees TO De invested In readily converti-
BILE securitiesp
.'Only the transaction just related"
THAT is not clear. Did Mr.. Hayes get
the money!"
1t was sent to him by Mr.. Davis. Mr..
Hayes reports that he has invested it in
collaterals for the Supreme Sitting of the
Iron Hall. do not know what these COL
lsterals were."
do you desire the court to understand
that you do not know into what kind of
securities Dir. Hayes has invested this S9I,-
600 Tor SS80O0.p'
Il did not see the securities and have
made answer TO the best of my knowledge"
Aside from this SSs, 900 or S94 O0O what
other investment has been made by or
nnder the supreme trustees of the funds Of
None except an investment made by
Mr.. Davis in the name of the trustees, at
Haughville. q loan on the hall that was
built there. That was $1,000. believe"
How many members of the Supreme
Sitting are present at your sitting this
weekin
"'rhirty-fve. believe. If all were pres
ent there would be forty entitled to seats
and votes" a
Mr.. Harris then read various sections
from the constitution of the order and
questioned Mr.. Somerby upon them. His
attempt was evidently to show that Mr..
Somerby. as supreme Justice, had changed
the constitutio so that the regular meet
ing In 1891 should not take place in San
Francisco but was supplanted by O special
sitting In Indianapolis, and that he had by
dong away with elections by districts pre-
vented any change In the makeup of the
membership of the Supreme Sitting. That
changes might have followed was shown
by the fact that the membership which,
prior to the Omaha sitting. was 40, 900, had
greatly increased. Mr. Somerby testified
that il is now $1,000. The menbe elect ed
for only two years have In this way been
enabled to hold for over three years. Mr..
Somerby began making an argument as to
his construction of the law of the order
permitting members of the Supreme Sit
ting TO hold longer than two years. He
was interrupted by the court.
The question" said the court, lis where
Is the provision In the constitution author
izing thar lyon know of any state it; if
not, say So"
Witness-I do not think there is any
thing definite on that point We could on
the general conclusion. The authority IL
found in the right to call special sessions
of the Supreme Sitting.
Mr.. Harris-I understand your construo-
ton of this constitution and law is there can
be no election in districts for representa-
tives until the supreme justice issues q callp'
Until the executive committee orders
the call"
Have they ordered call since the meet.
ing at Omaha~
mo. sir"
THE sELF-PERPETUATING PHASE.
Then, the representatives that sat al
Omaha are entitled to SIT and act at all the
sessions to be held and run ON for twenty
years.
"TwoyeHrs or four years; they cannot 90
beyond that"
Explaining phrase in an address TO the
members of the Iron Hall made by Mr..
Somerby at special session in 1901. the
witness said: The growth of the Order OF
the Iron Hall must be moderate and in no
one year should be very largely In excess
OF another year. There should DO uni
formity In growth each succeeding year &c
that the liabilities may not increase too
rapidly In any one year beyond another.
A healthy growth 10 necessary, not q spas
modic growth, which would be hazardous.
We have endeavored to keep pace with
what we believe to be a growth sufficien
70 make absolute the safety of our plans
| cautioned the order in that respect tina,
We believed We were growing as IA pidly az
permanent success required"
what real estate 10 owned by the Su.
preme Sitting and what is it's valuefv
THE building on the Circle In this city.
Valued at $780, that IL all"
What securities IN the way of bondsi"
Il cannot answer that question. The su
preme cashier has some in his possession