New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-08-13
ACCOUNTS OF THE IRON HALL.
REPORT OF 4 SUBCOMMITTEE AT INDIANAPOLIS
-sOMERBY on THE STAND.

-sOMERBY on THE STAND.
INDIANAPOLIS Aug 1.-THE subcommittee Of the
Iron Hail. which has been engaged for some days III
making an examination Of the books. has finished IT.
work and made report which. II Is claimed. i
authentic That portion Of the report showing the
financial condition Of the order IS follows: Benefit
nnd balance on hand January l. 1892. 1900
5Is7l received from assessments. II l,209,OD 20
from reserved fund slG0,0Is Or. first and second
siyision g.. 300 Division No. .. s4l.507 40; total
81, ,G2O.5S3 -.
p,.bnrsemen,s-G5e sick and disability claims.
1910 Goo4l: III death benefits, s52,1@2 80; 1.43d
final dlvldcnds 81 033 ,3G5; total. Sl3o6173 ol.
balance ON hand In benefit fund. ~ 1914 400 o.
Reserve fund-Balance In band OF banks, Including
all accumulntlons 10 August l. 1H"2, Sl,3o24D -
reserve IN the hands OF the supreme cashier, Si4o'
AL 30; total, 81 ,5OO,024 30.
General Fund Balance on hand December 81, lsOl'
s5I74 %: receipts 10 August I. 1902. s7o.03l l6
total ss6 IO6l3 Disbursements, warrants from
1851 70 1874 $50 10; balance In general f''nd
SO 030 40: improved real estate, S3s,OOO Total
assets lin all funds $2.65G,274 %.
The Supreme sitting of the order Of Iron Hall
held n short secret session today but nothing OF
Importance resulted that body deferng all important
matters until the result OF the application for
ceIyer Is made known. supreme Cashier Davis
and supreme Accountant Walker. OF the order. Will
be oused by the Supreme Sitting however. In case
the plea for n receiver is not granted. as Supreme
IustIce somerby and the other executive officers
are OF the opinion the actions OF Davis and Walker
have been against the interests OF the order.
Supreme Justice somerby was placed on the stand
this morning. In answer 10 questions Mr.. Somcrby
said he had not understood that he 70 produce the
face value Of the bonds In his possession. but II he
had time would look them up.
Have You the bonds OF any other guanntee com
pany ~ asked.
81 think we have, but I have no recollection Of
them The bond Of the Supreme Accountant Is In the
hands OF the trustees. | have knowledge OF what
bond ne may have now. j think II Is one OF the
constitutional bonds for 5000. think he has no
bond for 1892. This bond may be issued by the
Mutual Trust Company Of Philadelphia. Mr.. Hayes Is
secretary and treasurer and has charge OF the papers
and Is secretary Of the bank that Issues them, and Is
secretary Of the supreme Trustees lie has the bonds
sd So%G for Sy soSo so o Mr. sosrSy did not a
whether II had yet expired. lie thought another
phn Trust Company. and both bonds were in force.
Have these supreme Trustees made any report since
Il think not, but they may have done at the
supreme sitting bond T., non, IN ,,.oo on,,ns, en-.
IL think the oucn and Fuerich bond is In force.
think personal friend Of Davis who Is in the
jewelry business here was also on his bond"
Mr.. somerby explained e that hi. own bond was "a a
thought, since this suit had been begun. lie said
that he had been doing business for two years before
without n pOnn anu nan arfhnecd Tor meetlhg INC
Executive and Finance Committee and trustees, anu
had the bond prepared
"Then yOn not under bond really?'
"Only that way"
Mr. Somcrby wa, continued in the witness stand all
the afternoon. lie said that the $l70OC0 of the
money OF the Iron Hall used by tho bank In Pade-
phia 10 prevent II going into the hands of receiver
he understood to be gift from the order, and that
he ~ supreme Judge OF the order. had approved H."
transaction and 20 reported TO The supreme sitting ~,
it's present session II developed that supreme
Cashier Davis had nO even given receipt for The
money, and has EothiDe In his possession to show
where u really went.
The closing evidence o. somcrby was admission
OF mismana cement OF the affairs OF the order He
acknowledged that officials OF the order who sup
posed TO make reports every quarter 10 himself or the
been over two years since the Supreme Cashier the
Supreme Accountant made a full report OF the cond
lion n the affairs OF the order lie admitted that IL
was his place TO that these reports regularly
made.