The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1892-08-13
SONERBY TESTIFIES.
Session of the Supreme Sitting of
Iron Hall.
DAVIS AND WALKER HAVE TO 60.

Whe Supreme Justice of Iron Hall
Testifies in the Receivership Pro-
ceediugs-Report of the Sub-Com-
mittee on the Financial Condition
of the Order.
INDIANAPOLIS, Aug. 13.-The supreme
sitting Of the Order of Iron Hall held
Bhort secret session yesterday, but moth
ing of importance resulted, that body
referring all important matters until
The result Of the application for re-
ceiver is made known. That Supreme
Cashier Davis and Supreme Accountant
Walker, of the order, will be ousted by
the supreme sitting, however, in case
the plea for receiver is not granted, is
regarded as certain, as Supreme Justice
Bomerby and the other executive officers
are of the opinion that the action 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 the request and call for the special
hitting in February, 1891, and the same
for the sitting now being held in this
city; the slips on which the minutes
were kept, Chief Clerk Evans note
book and the shorthand record of the
meeting, all reports made by the SUI
tTeme cashier and supreme accountant
made to the members since the Omaha
meeting, reports of the Omaha meeting,
hll circulars, reports, etc, sent out by
Eamerby or any other officer since the
Omaha meeting, number and face of
hgbilit,; of all guaranty bonds in pos
session of defendant in this city, and the
names of the guaranty companies.
This list was given to Chief Clerk
Evans this morning and he started from
the Office of the attorneys for the de.
Tense in haste after them.
Somcrby Testifies.
Supreme Justice Soinerby came in
with ex-Judge Howe. He was unusu-
hlly bland and in good spirits. He was
placed on the stand. In answer to ques-
lions Mr.. Somerby said he had not un-
Eerstood that he was to produce the face
kalue of the bonds in his possession, but
u given time would look them up. The
pond of the supreme accountant is in
khe hands of the trustees. II have no
knowledge of what bond he may have
how. ! think it is one of the constitu-
Eonal bonds for $1,000"
Mr.. Hayes is secretary and treasurer
hnd has charge of the papers and is
becretary of the supreme trustees. He
has the bonds issued by his bank. The
Supreme cashier has bond for $50 600,
but Mr.. Somerby did not know whether
had yet expired. He explained that
bis own bond was personal one for
G5,000 given at Detroit, and, he thought,
ince this suit had been begun.
Mr.. Somerby said that he had been
Going business for two years before
without bond, and had arranged for
Enseting the executive and finance cou-
nrittees and trustees, and had the bond
prepared. He said directly no funds
bad been placed In the hands of the
Supreme trustees for investments as re-
huired by the constitution.
Condition of the Order.
The subcommittee OF the Iron Hall,
(which has bErsengaged for some days
kn making ant tamination of the books,
report ancial conditiop--of Of the
-sneiit Fund-Balance on hand Jan.
1902, OIL, ,005, ,Bl9.7i; received from rs,
easements, $l ,299, ,83080i from reserved
knnd, e160, 0,81S.0e; life division, $780,
division No. 8, $41 ,507.45. Total, g., $50
5SS.7e.
Disbursements - e,b9e sick and dis
&bility claims, $810, ,GsG. Al; III death
benefits, $50. l99. so; ,43G final dividends
Il, i,0s3, ,S65; total, Sf,3e8, 1891. Balanc,
On hand in benefit fund, 81, ,124 ,409.97.
Reserve fund - Balance in hand Of
banks including all aooumulations Ia
Aug. /, 1899, 81 ,852, ,408.64; reserve il
ho hands OF the supreme cashier, $14S,
Ai.S5 total 8, 500 os4o9.
n General Fpnd-Balance on hand Dec
III, 1891, S15,l74.97; recaipts to Aug /
i lse2. $40, ,931. 10; total, Ss8, ,108.13.
! Disbursemepts--War from 155
b 1874, $83, 100. 10; balance in genera
fuud, see, 1880. 40; improved real estate
$4,000. Total assets lin all fundsl 50,
R8S, ,274.28.
Money Squandered In Wheat.
y 4 the theory Of the members of tn
y .preme sitting that the $a8, 900 whicl
/ Davis took to invest WAS dissipated b.
bim and Daniel W. Kneher, one of tn
plaintiffs who was assistant cashier. /
s known that both lost heavily in whea
= speculation. During the trial yesterda,
naorning several members of the sittinl
pslled Davis outside and asked him if b
6ould tell them where this large sun
bad been invested, but he replied tina
he had no time to talk.