Evening star. [volume] (Washington, D.C.) 1854-1972, 1892-08-13
FUNDS OF IRON HALL.
Continuing the Examination of Supreu
Justice SOmerby.

Continuing the Examination of Supreme
Justice SOmerby.
The supreme sitting of the Order of the Iron
Hall held a secret session at Indianapolis yes
terday. but nothing of importance resulted, that
body deferring all important matters until the
result of the application for receiver is made
known. That Supreme Cashier Davis and Su-
preme Accountant Walker of the order will be
onsted by the supreme sitting, however, in case
the plea for q receiver is not granted, is re-
garded as certain, as Supreme Justice Somerb Y
and the other executive officers are of the opinion
that the actions of Davis and Walker have been
against the interests of the order.
The attorneys for the plaintiffs served notice
on the defendants to bring into court yesterday
morning the request and call FOR the special sit
ting III February. 1891, and the same for the
sitting now being held in Indianapolis; the
records of the meeting Of 1891 the clips on
which the minutes were kept; Chief Clerk
Evans note book and the shorthand record of
the meeting; all reports made by the supreme
cashier and supreme accountant to the mem
beers since the Omaha meeting; reports of
the Omaha meeting; all circulars, reports, &C.,
sent out by Somerby or any other officer since
the Omaha meeting; number and face of liza
bility of all guaranty bonds in possession of
defendant in this city, and the names of the
guaranty companies.
This list given to Chief Clerk Evans yes
terday and he started for the Office of the at
torneys for the defense in haste after them.
Supreme Justice SOmerby came in with ex-
Judge Howe. He was unusually bland, and
seemed in better spirits than ordinarily. He
was placed on the stand. and in answer to
questions Mr.. Somerby said he had not under
stood that he was to produce the face value of
the bonds in his possession, but if given time
would look them up.
Have you the bonds of any other guarantee
company"
II think we have. but / have no recollection
of them. The bond of the supreme accountapt
is in the hands of the trustees. 1 have no
knowledge of what bond he may have now.
think it is one of the constitutional bonds for
$1,000 think he has no bond for 1892. This
bond may be issued by the Mutual Trust
Company of Philadelphia. Mr.. Hayes is secre-
tary and treasurer. and has charge of the
papers. and is secretary OF the bank that issues
them. and is secretary of the supreme trustees.
He has the bonds issued by his bank" The
supreme cashier has bond for $50 900, but
Somerby did not know whether it had vet
expired. He thought another bond for s25. 900
had been issued by Philadelphia trust COM
pany. and both bonds we're in force.
''Have these supreme trustees made any re-
port since the Omaha meeting?"
II think not, but they may have done SO at
the supreme sitting"
How much Of bond is now in force
Il think the Outen and Fullerich bond is in
force.
IL think personal friend Of Davis, who is
in the jewelry business here. WAS also on his
bond"
Mr.. Somerby explained that his own bond
was a per sonsl one for $4,000. given At Detroit,
and, he thought, since this suit had been be-
gun. He said that he had been doing business
for two years before without a bond. and had
arranged for meeting the executive and finance
committee and trustees and had the bond pre-
pared.
Then you are not under bond really9"
"Only that way"
He said directly no funds have been placed
in the hands Of the supreme trustees for invest-
ment, as required by the constitution.
The subcommittee Of the Iron Hall which
has been engaged for some days in making an
examination Of the books has finished its work
and made "a report. The portion Of the report
showing the financial condition Of the order is
as follows:
Benefit fund: Balance on hand January 1, 1892,
sl,0O5.5ls.7l; received from assessments,
u ,2y9, 639 GO; from reserve fund, &16O 6ls OF;
life division IS. 800; division No. g. cal ,5O7 45;
total. O, $40, 5s3.7s.
Disbursements 6.522 sick and disability
claims, sSi0,6S6.41: III death benefits, esq.,
~ 80; 436 final dividends, u ,033 S65; total,
81. $50, 1881
Ioai1nce On manu- IN dement, fund. VI, ia ,4O9.y.
Reserve fund: Balance in hand Of banks, in
Guiding all accumulations to August 1. 1892. 81,
S52. 1884; reserve in the hands Of the supreme
cashier, $14s, AL. IS; total. o.. 500, 924. 49,
General fund: Balance on hand December 81
as9l. So receipts to August I, 1892, e70,
931. Is; total SS6, I06 IS
Disbursements: Warrants from 1,551 to 1.974.
s6S, l66 IS; balance in general fund, s22 939. 40
improved real estate, SIS 900; total assets in all
funds, 2,6s6, 274.26.