New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-09-04
LARGE FRA UDS IN IRON HALL ACCOUNTS
THE BOOKS pADDEr BY FALSE ENTRIES OF
OVER 100000.

OVER 500 600.
PHILADELPHIA Sept 3.-sensatlonal developments
were made to-day the hearing OF the motion for the
ousting of A. f. Stockwe from his place * assignee
OF the Mutual Banking Surety Trust and safe Deposit
Company and the appointment OF IA receiver Tor tlnt
institution The story brought out by the witnesses
this morning is in brief that during February and
March 1891, and March and April, 1892, the books
showed that the Iron Hall accounts In the bank were
padded by various false entries. Involving large sums
Of money. considerably above 100000.
/ James H. Eckersey, the first witness examined to
day. said he officer OF the Iron Hall Ia name
only The copy Of the agreement was shown him,
In which the supreme officers asserted that they had
urgently requested and solicited NJ C. Davis. Supreme
Cashier OF the Order Of tho Iron Hall, 10 advance
1900 600" and which forms the nucleus OF the whole
proceeding. He admitted having signed 1t on April
8 to protect Cashier Davis. who showed him state
ment setting forth that the bank owed tho supreme
Sitting OF tho Iron Hall S-io2.Q0O.
c. H. Peart who was u boohkeeper Of the Mutual
Banking Company, testified. Mr.. Hawkins, coun-
sci for the Indianapolis receiver, directed mis-
attention 10 a number Of deposits during January.
1851 as follows: $3.50 90 $685. 5000 81.
s5742 10, S13,s07 Il, S4+324 90, S2,3@7 IS and
SJOl O5. These figures appeared at the end OF the
list OF deposits for the month and the witness said
that they have been transferred frpm the other
books OF the bank, as he did not know where else
|
demand ledger.
Mr.. Hawkins called the witnesses attention to the
fact that The monthly account for January, 1891
showed n balance Of Sl9l 321 "a to the credit OF
the Order OF the Iron Hail. and that the next state
ment beginning February =. 1891, starts on with the
fact that there Is a balance to the credit OF the
Order Of the Iron Hall Of Sl37 500 63 With dif-
ference Of some $500 between the two.
Mr. Hawkins then submitted TO the witness the
for Nh nd which showed
balance in favor OF supreme Cashier Davis on April
80, OF @440,75O 20. II esaid he could remember no
other credit. Mr.. Hawkins directed the witness S
attention entry made at the end OK this account,
marked special quote,' which sweled the account
by Ss4 143 So There was nothing which showed this
special debit The witness next shown the
statement covering the period from April 30 to May
3 last at the end OF which was another entry OF Il
especial quote deposit for SS41 43 50. The witness
said he knew nothing about that entry.
Kingston &. Whelcn, expert accountant was In
troduced to prove that the numerous small deposits
mentioned above came into the bank In the shape OF
securities shortage Of So, 900 thus being accounted
for.
"Thcn tho difference Mr.. Hawkins remarked 1" be
tween the SI0I,3sl "A, the balance at the end Of
January, 1891 and the Sl37 $50 G2. exactly equals
the Of these nu nerOus Deposits
Now, refer to the statements Of the accounts be
tween March and May 81 last II there any evil
dcncc Of the special quote deposit OF So4 43 50 ex-
cept in these statemcnts?"
There is nothing whatever TO show such sum.
There Is such account, and / examined carefully
TIE Wines further testified that on March 30 there
were to the credit of the Iron Hail In the bank 49,
200 ~ and August 81 800 }0l 81 local branches
Of the Iron Hall, s44,34o 81, making total Of I'm
total amount Of deposits in the bank mt that date, In
Guiding these figures, was s33j,9O' 80.