The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-08-21

tendance on the meeting of the Supreme
Sitting here except Fountain and Hayes
Have you any information that they
have given bondp
The witness then W emit on to testify re-
gardiDg the meeting held in Philadelphia,
in April last, when the bank was closed by
the Banking Commissioner.
You were there in April lastp
Hayes"
who else was there of your executive
committeeP'
ANOTHER STORY OF THAT GIFT.
'Somerby, Davis, Baker, McMeachim and
myself. There were five members of the
executive committee there. Hayes Is not o
member. MIR. Stockwell was there, II. c.
Williams and Mr.. GIadIng, chairman of
the committee on laws / think that was
all. The statement was made by Mr..
Hayes, possibly by Mr.. Stockwell. that the
bank examiner had come into the bank on
Saturday and taken possession. He stated
in q general way the condition of affairs
and that they needed money. Mr.. Hayes
said the securities In the bank would have
to be replaced by securities of q market
value equivalent to what they represented
or SO much cash.
THE question was asked how much was
needed and Hayes said $4,000 or $4,000.
possibly $4,000 Some one asked how the
money could be raised, and Mr.. Davis said,
boys, you're in a hole and that be would
have to help us out MIR. Somerby asked
If 1t was to be Iron Hall money. and Davis
said No. con raise the money and 1t will
not be Iron Hall money Stockwell said
If we can raise the money he would see the
examiner and see IT We could resume busi-
ness. Stockwell returned, said it was
agreeable to the examiner, and il the
money could be raised in the morning. the
bank could resume business"
you understood at that time that this
$4,000 was going to be furnished by
Davis and 1t was not to be Iron Hall
moneyp
Yes. sir"
Whom did you learn 1t was to be Iron
Hall money!
The next day. j learned this from the
paper that was presented me to sign. 1t
was presented by Mr.. Davis. and DR.. Baker
was with him. / think. i was surprised to
ind by this paper that the amount was
$4,000 Nr. Davis said he would put the
money In. and wanted some sort OF
voucher to protect himself"
The Court: 'Did you sign this paper be-
fore or after you were Informed the goo, 600
was money of the Iron Hallp
Il did not know until / read the paper
that it was Iron Hall money"
Mr.. Hawkins, continuing the examina-
ton: And your name is the first upon itf"
MT Davis presented III TO ME nret.
did you believe that Mr.. Davis could GO
and raise $4,000 outside of Iron Hall
money!
II, believed he could. He is man of
good credit"
"Was Mr. Stockwell present therei"
Eyes, sir. He said 1t would be necessary
TO- put up the money"
Mr.. Hawkins then continued to press
questions to get admissions from the wit
ness that he knew that Davis could not, in
n txrtA Ill Il
Iron Hall funds. He did not meet with
good success at this, the witness being
either obtuse or evasive.
The Court: What's the use of pressing
the question: He knew it was the money
of the Iron Hall before he signed that pa
per-"
Nobody signed the paper at the time /
did. | handed 1t back to Davis and l sup
pose he took 1t to others. He wanted O re-
ceipt for the money he placed there. and
1t was perfectly proper to sign 1t. thought
they would sign 1t in Justice to Davis. /
expressed astonlshment that it was $780,
OO0. because i presumed 1t was only $780,
600, the amount named at the meeting.
don't know yet why the $4,000 was put
there"
DIDN'T CARE ABOUT SMALL SUMS.
"Have you ever asked any body what
was done with that other $50 0OOi"
mo, sir. / supposed Davis had deposited
the money. i was in New York on the 2lst
of July. met Younghusband. Somerby,
Royse, Harris, DR.. Baker, MIR. Gladlng and
James P. Ewell at Manhattan Beach. 1t
was a popular excursion in the interest of
the fraternal order. They went from the
Eastern States. There were probably
twenty orders represented. including Ton.
IL, Age and Septennial League. There
were about 80 Zoo men and women there"
80 far as this executive committee is
concerned. it has taken no steps to find ont
about this SS0,000i"
mo, sir Mr.. Davis presented q report
showing his deposits to the bank. among
which was this 100000. We had no report
from the bank. Mr. Davis's report showed
IL had $4,000 Mr.. Somerby at the Su-
preme Sitting. presented the matter of this
100000 in his address. He spoke of the
money being placed there because of the
emergency which required it. The speech
was taken by tho stenOgrapher. Mr.. Evans
who was there"
Did you hear that the bank claimed
there was only $4,000. or something of
that kind. on depositp
Charles Morrison, clerk for Supreme
Cashier DAVIS, was again called to the
stand. He was examined by Mr.. Charles
w. Smith.
Can you now produce the statement to
which reference was made yesterday of the
addition that the Philadelphia bank made
to the foot of your column
"You have It, The date is April 80, 1892 -
And that is the first time In which this
SS4, 1889 was taken out of the general ac-
count and added at the foot and marked
speclalw.
u don't understand that question:"
prior TO that time had any amount ap-
peared upon the statements rendered to
you as speclalp
This is the first statement rendered
from the bank after took charge. 1t was
necessary to appear In order to balance the
account on our books"
The witness then produced q great roll Of
papers, which proved, for tho most part. TO
be monthly statements from the Philadel J.
phia bank. showing the state of the ac-
count between the bank and the Order of
the Iron Hall. These were not read, but
were banded to the official reporter.
The morning session of the court then
closed.
IN THE AFTERNOON