St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-08-16
HUsTLING FOR COIN.
Attorneys for Iron Hall Stock
holders Moving on Somer-
by's Bank.
Great Anxiety to Secure the
$55O,OO0 Now on Deposit
at Philadelphia.

INDIANAPOLIS, Aug. 15.-The officers
of the Iron Hall are said to be trying
to manufacture sentiment in favor OF
the order circulating petitions among
the members of the local branches pro.
testing against the proceedings and
asking that the protest be pre-
sented to the judge hearing the
case. The petition approves all the
acts of Somerby and the supreme sit
ting, and requests the officers and at
tOrneys to make "a vigorous defense of
, said action. to the end that the order in
its social, fraternai and benevolent re-
latiOns may be preserved"
SOmerbv'S secretary, Evans, was cir
cuiating the petition in Hawville. where
SO many members have refused to stand
any further assessments. and are leav-
ing the order.
The plaintiffs have discovered another
circular which is being sent out and
which makes some strange admissions.
Certain officers Of the local branches are,
under the law, compelled to give bond.
The circular states that the supreme sit
ting has made an examination of tn e
bonds required. and that great many
of them are not sufficient. The sitting
has also made ali investigation of the
Philadelphia bank, and according to
that circular it is in good condition to
furnish security for the local officers,
and the supreme sitting will accept its
| guarantee.
The belief is general among lawyers
who have watched the case that a re-
! ceiver will be appointed, and it now
only remains to secure the S720, 900 in
Somerby's bank at Philadelphia before
it is done. The fact that the attorneys
have gone to that city on secret mls-
sion confirms the belief that they want
to get the money for the Iron Hall
before run can be made by
the depoSitOrs on the bank,
a thing that would result as
soon as receiver should be appointed
here. None of the members of the sit
! ting will talk, but there is a belief that
the money in Somerby's bank will be
secured before amy announcement of a
receiver is made. 1t is rumored today
that there was an understanding be-
tween the court and the attorneys that
the case should be continued long
enough to take steps to protect the
order funds in Philadelphia from a run
on Somerby's bank.
PHILADELPHIA, Aug. 15.-The seat
of operations in the Iron Hall trouble
has been changed to Philadelphia, and
all afternoon the scene in the rooms of
that order were indicative of business
and hustle. Supreme Justice Somer-
by, Supreme Cashier Davis, and
Lawyer Stockwell of the order,
the plaintiffs from indianapolis,
Attorney Roscoe o. Hawkins and
the defendants attorneys were on the
ground. Today when the time came for
the board of directors of the bank to
meet both bodies went into executive
session as soon as they arrived and con-
tinued the meeting flor over five hours.
The meeting was interesting from the
start. In fact there were two meetings
at first. The gentlemen from Indianap-
oils held meeting in one room and the
board of directors held theirs in another,
but about o'clock both bodies met in
common and the work of inquiry COM
menced.
The meeting will be continued tomor-
row, at which the whole business trans
actions are expected to be laid bare.
The gentlemen from indianapolis are
expected home by the court Wednesday,
when the hearing will be reOpened.
Superintendent of Banking Krumbhar
when asked today what action he would
take in the affairs of the bank re-
fused to make any statement. II. &.
Williams, the treasurer of Iron Hall
and one of the directors of the bank,
said that secrecy had been asked of the
members and nothing can be learned
definitely as yet.