The Providence news. (Providence [R.I.]) 1891-1906, 1892-08-13
RUN IN A LOOSE WAY.
Somerby Makes Admissions Of Much
Mismanagement.
THE IRON HALLS CONDITION.
somsrby was Under No Bond-The Sub
committee Examines the Books and
Makes Brief Financial Statement
0mcials Neglect Quarterly Returns.

INDIANAPOLIS, Ind, Aug. 13.-Thc su-
preme sitting of the Order OF Iron Hall
held short secret session yesterday, but
nothing OF Importance resulted, that
body deferring all important matters un-
I'll 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 re-
garded as certain, as Suprems Justice
Somerby and the other executive ofncers
are of the opinion that the actions OF Da-
Wis and Walker have been against the in
terests of the order.
The attorneys of the plaintiffs served
notice on the defendants to bring into
court the request and call for the special
sitting in February, 1891, and the same
for the sitting now being held in this
city; the records of the nesting OF 1891,
the slips on which the minutes were kept
Chief Clerk Evans note book and the
shorthand record OF the meeting; all re-
ports by the supreme cashier ana su-
premc accountant made to the members
since the Omaha meeting; all circulars,
reports, etc., sent out by Somerby or any
other officer since the Omaha meeting;
number and face OF liability OF all guar
anty bonds In possession OF defendants
in this city and the name OF the guaranty
companies.
The list was given to Chief Clerk Evans
and he started In haste after the papers:
Supreme Justice Somerby was placed
on the stand in court yesterday. He
said he had not understood that ne was
TO produce the face value OF the bonds In
his possession, but IL given time he would
look them mp.
"Have you the bonds Of any other
guarantee company"
az think we have, but have no recol-
lection OF them. The bond OF the SUI
preme accountant is In the hands OF the
trustees. have no knowledge OF what
bond he may have now. / think II 10 one
of the constitutional bonds for $4,000. /
think he has no bond for 1892. This bond
may be issued by the Mutual Trust Co. OF
Philadelphia.
Mr.. Hayes is secretary and treasurer
and has charge OF the papers, and 10 sec
retary of the bank that issues them and
IL secretary Of the supreme trustees. He
has the bonds issued by his bank. The
supreme cashier has bond for $50, 900.
Mr.. Somerby did not know whether 1t
had yet expired. He thought another
bond for e25 900 had been issued by q
Philadelphia trust company and both
bonds were In force.
shave These supreme trustees made any
report since the Omaha meeeting"
nI think not, but they may have done
90 at the supreme sitting"
allow much of bond IL now In force
against the cashierf"
az think the Outon and Fullerich bond
II In force. I 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 personal one for 5000 given al
Detroit, and, he thought, since this suit
had been begun. He said that he had
been doing Business for two years before
without bond and had arranged for
meeting the executive and finance COM
mittee and trustees and had the bond
prepared.
"Then you are not under bond, reailyf"
"Only that way"
Witness said no funds have been placed
In the hands OF the supreme trustees for
Investment, as required by the constitu-
tfon.
The closing evidence of Somerby was
an admission Of mismanagement Of the
order. He acknowledged that officials OF
the order who are supposed to make re-
ports every quarter to himself or the
executive committee had not done so and
that IL has been over two years since the
supreme cashier or the supreme account
cnt made full report Of the condition Of
tho Affairs of the order.