Morning journal and courier., 1892-08-13
SOMERBY IN COURT.

He Tells of the Affairs of the order
OF the Iron Hall-The Special Conn
mittee Investigate Into the Finan-
cial Standing of the Organization.
INDIANAPOLIS, Aug. 12.-Supreme JUS
tice Somerby of the Order of the Iron Hall
was placed on the stand in court to-day.
He said he had not known that he was to
produce the face value of the bonds in Lis
possession, but if given time he would look
them up.
"Have you the bonds of any other guar
antee company"
81 think we hare, but have no recollec-
ton of them. The bond of the supreme
accountant is in the hands of the trustees.
I have no knowledge of what bond he may
have now. think it is one of the consti
tutional bonds for S., OOO.I thin he has no
bond for 1899. This bond may be issued
by the Mutual Trust company of Philadel-
phis. Mr.. Hayes is secretary and treasurer
and has charge of the papers and is secre-
tary of the bank that issues them and is
secretary of the supreme trustees. The
supreme cashier has bond for $50, 900"
expired. He thought another bond for Sa5 900
had been issued by q Philadelphia trust com
Have these trustees made any report since
the Omaha meetiDgs'
81 think not, but they may have done so at the
How much Of a bond is now in force against
the cashiers'
II think the outen and Fullrich bond is in
in the iewelry business was also on his bond"
"Then you are not under, really?"
"a xrQv
Witness said no funds have been placed in the
hands of the supreme trustees for investment,
Mr.. Somerby also testified this afternoon.
He said he understood that the Sl70O 900 of the
money of the Iron Hall used BY the bank in
Philadelphia to prevent it going into insolvency
was donation from the order. AS supreme
| justice he had approved the transaction, and sc
| reported to the supreme sitting at its
preme Cashier Davis had Eot even giver
II hs
| OF Somerby was an admission of mismanage
Of the s of the order He
reports every quarter had not done so and tina
it has been two years since the supreme cashie
i or the supreme accountant made a full report
He admitted that it was his place to see tina
these reports were regularly received.
| THE FINANCES OF THE ORDER.
The subcommittee of the Iron Hall, which ha
been engaged for some days in making an exam
ination Of the books, has finished its work an
made a report which it is claimed is authentic
The portion Of the report showing the financis
condition of the order is as follows:
Benefit fund-Balance on hand January /, 1S9;
005, 518; received from assessments, 81 299 63s
from reserve fund, $l6o61s; life division, Ss,3ot
division No. Sal ,5U7 total, S., $40 5S3 Disburs.
ments, 6,522 sick and disability claims S3l0, est
III death benefits, $50, l2s; 1,436 final dividend
81 033, 1865; total, 81 1896 ia. Balance ON hand
benefit fund, 81, la4 ,4O9. Reserve fund, balanc
in hands of banks, including all accumulation
to August l. 1892 81 ,352 493; reserve in the hand
Of the supreme cashier sl4S. AL; total 81 $50 9e
General rund, balance on hand December 8
1891, s15155; sse rec ; to August !, Iss
rants from 1851 to 1914, $63, 1t6; balance in gel
eral fund, S22, 939; improved real estate, $500
Total assets Gin all funds), 81, 6S6,274.
That Supreme Cashier Davis and Suprem
! Accountant Walker of the order will be ouste
| by the supreme sitting, in case the plea for +
| ceiver is not granted, is regarded as certain,
Supreme Justice Somerby and the other exec
tive officers are of the opinion that the actions
| Davis and Walker have been against the int
, | ests Of the order.