The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-08-20

Indian polls and borrowed money OF him
Davis for the purpose of paying interest
and then did not pay IT. They lsbored
with me some time TO remove him. Davis
said. Il won't put the money into the bank
or do anything unless this 10 settled /
said wouldn't remove any officer without
due trial. Finally Hayes went out and
brought in McMachim, and. after few
words with me. he wrote bis resigna-
ton and handed il TO me. accepted Mr.
Ssyre as far as could. IN making the APP
pointment for adjuster. 1 think IL was on
Monday. the 18th of April. this occurred.
The directors met in the room OF The Prob.
lem Solved the paper OF the orderl"
w as 1t understood by you and the other
Iron Hallers that this was under control OF
Mr.. StockweIl, the solicitor of the banks"
Not more than of Mr.. Hayes and Mr..
Williams. who were associated with him.
IL was agreed the matter should be put in
the shape it was.
Where was the president of the bank 90
that timer
In FLORIDA"
DAvIs's CLERK EXAMINED.
The next witness called was Charles
Morrison, clerk for Supreme Cashier Davis.
In the Iron Hall this city. He entered the
Office in March. 1889. for time worked
with Daniel Knefier and in September last
succeeded Mr.. Knefier, Charles Taylor tax.
ing the second clsrkship that he (Morrison)
had held before.
What books are kept in your depart
ment showing the financial affairs OF the
"A cash-book and disbursement book
showing the warrants paid in the different
funds Instead of there being two sides TO
the cash book there is but one. The dis
bursement book shows as the other side of
the cash book. There are four disbnree-
ment books-the benefit fund. the final
claims. the life division and the general
fund. The reserve fuDd goes on the regu-
lar cash- book"
You get the money in gross and send the
reports 10 the supreme accountants Office
and enter on your books as he distributes
lit"
''Yes. sir. We strike balance TO show
how much cash we receive every morning.
All look at 10 the bulk of cash.
docs the general fund ever run down SO
there Is nothing In itf'
1T Is in that condition to-day. There 10
nothing in it Ii has been in that condi-
ton ever since have been there. Salaries,
travelling expenses office ex penses. ETC., are
to be paid out of the general fund"
Then they have been running at the ex-
pense of the other funds az long as you
have been thereW
That's about the size of it,"
How much is your general fund over
| DRAWN -.-....
about $4,000. 1t is made MP of 50 cents
head year. and 81 dues. and all sup
supplies" -.t
where do the charter fees goi"
Il do not know. That is q mystery to
mo-"
DO you know how much money was
taken by Mr.. Davis when he went to Phil
| adelphiai'
I'll you refer to the checks issued to J.
Henry Hayes, about that time. made out
| two checks for s75uO0 each. $50. 000"
How did tue rest get theref'
Mr.. Davis drew for $4,000 additional
.ff ~ ii
the two checks of $4,000 each were pay
able TO Nj. L. DAVIS or order 1 am not GER
tain. Mr. Davis has those checks. This
makes ss00.o00r
$50 COO uNACCoUNTED FOR.
HAS the $4,000 surplus ever been re-
turned to the treasury of the Iron Hallf"
III has never been. The whole 100000
is charged 10 the Mutual Bank as o de-
posit."
What will your books show the bank
| owesf"
They will show s7l3. 1884, 20, less s5.556.4s
warrants paid under date of Aug. G, which
have to be deducted. They paid some war
| rants and sent here for n check. We are
Just that much ahead. / have a list OF
| those warrants here. Several of these are
for final benefits, others for salaries TO of
ficers."
| What banks other than the Philadel-
phia bank have money on depostf'
"Tbe Capital Nationsl. Meridian Ma
tlonal and s. A. Fletcher & Co.. of this
| city. The New Jersey Trust has 81 237"
| Have you any item of cash turned over
to the trustees as an investment by Mr..
| Dayis7"
mo, sir.n
When did HAYES send his last state
ment of the condition of your accountf
Along in May. | don't think he has
| made any statement since"
Then the Iron Hall has no available
| funds except what may be found in In
dianapolis to-day and that in Camden,
n. J.i"
mo. sir. have small list that has
been applied to the branches. Mr.. Davis
has some others. The amount Is very
small 1t figures in balancing cash. No
check is drawn unless there il a warrant
for 1t. That is Mr.. Davis's receipt for the
money. There have been four calls made
for one-seventh of the reserve fund in the
| hands of the branches / believe il foots
up in the neIghborhood of $4,000. 1t
comes from the branches about the coun-
| try. the finance committee that has been
going through the Iron Hall books has not
gone through Mr. Davis's books. / advised
Mr.. Davis not to allow them to do 50"
Mr. Smith then crcss-examined Mr.. Nor
rison up to the noon honr. The witness
expressed a very poor opinion of the COM
mittee. He didn't think 10 was doing any
actual work. He didn't think the men
on the committee knew anything about
books. Witness said there had been q
cash ticket carried for $40 909.7l.