The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-07-30
NEW AFFIDAVITS FILED
UNION NATIONAL PRESENTS EVI.
DENCE IN ITS OWN BEHALF.
The Charge Made that n Trust Com
pany Is Pushing the Suit to
Wreck the Association.

The suit for receiver for the Union Ma
tional Savings and Loan Association took
another sudden turn yesterday and Special
Judge L.. j. now has the case
under consideration and it is thought he
will not appoint a receiver. The proceedings
of the day before were very surprising TO
the associations attorneys. who insisted
that before Judge Hammond should decide
to appoint a receiver they should be al
lowed to file afidavits that would place
the matter in a different light from its
position at that time. Yesterday morning
when court convened several afidavits
were filed. and when read to the court
Judge Hammond concluded that he would
continue the case until this morning. and
in the meantime consider the new affida-
Wits.
The defendants attorneys filed the aft
davits of Charles F. Griffin. president of
the association; A.. B.. Gates, first vice
president and director: Nicholas Ensley,
secretary and director: Oliver p. Ensley.
a director; Charles H.. Young, former as
sistant secretary; Edward r. Parmalee.
bookkeeper; Chaplin c. Foster, who, as an
expert accountant, had been present and
assisted in the examination of the books
made by Samuel Morrison; Francis Camp
oCis VI bOhs caN
Bloomington.
Chaplin c. Foster testified that he was
present with Mr.. Morrison and witnessed
the examinations made by him and as
sisted therein. He took up the several
charges embraced in Mr.. Morrison's aff-
davit, and characterized the entire state
ment as unfair and misleading. and as cal
culated to conceal, rather than show the
true condition of the association. He said
that Mr.. Morrison's examination was not
r - .l> ~ fraA 4A~At-
ton of the association as to solvency or
insolvency, but was evidently conducted
for the purpose of picking flaws. Mr. Eos
ter. after having reviewed the statements
made b. Mr.. Morrison, gives 1T as his I'M
qualified opinion that the association is
clearly solvent; that there is nothing TO in
by any of the matters referred to by Mr..
Morrison. and that there is no possible
danger of any loss occurring to the asso-
citation by reason of any of them. The
affidavits made by the officers and direc-
tors. as well as that made by Mr. Foster.
all show that the association has been
economical basis. They show that the sal
aries paid to the officers have been small;
that no large salaries ave oeen pald 10
tire office force of the association consists
of the secretary. a ~bookkeeper and a ste
nographer. with a CLERK employed from
salary. 1t is also shown that no off1cer OF
the association. except secretary. receives.
or ms received. ii 0ht VI ala cihe
July /. 1895. when the association abolished
the expense fund.
DENIES MOBILES CHARGES.
p The accusation made by Mr.. Noble.
which involved an intimation that he had
made fraudulent entries in certain ac-
counts. by direction of Mr.. Ensley. is met
by q square denial from Mr.. Ensley, in
which he is corroborated by the remaining
officers and directors. Mr.. Ensley denies
alphabetically that he ever authorized or di-
rected the making of any false or i'm
proper entry by Mr.. Noble or any other
person. and says that if such entries were
ever made they were made without his
knowledge or consent. and the directors
ali. agree in testifying that no false or i'm
proper entries of any character were ever
at any time authorized by them or made,
to. their knowledge, ana that while mis-
keeping. as is common with all bookkeep-
ers. such mistakes had always been
| promptly corrected when discovered. They
also testify that the loans of the associa-
! ton are in such shape at this time that il
all payments were TO cease thereon. and
4 all OF the borrowers should become deiin-
ouent. there would be no loss TO the asso-
citation. the security being amply sufficient
to make it safe. II is also shown by these
affidavits that the association has at this
time net profits amounting to over $50. 600
all of which is loaned on first mortgage Sc
curity and is earning additional interest
anu DTDltS " tit SidItnOlutTS. Sil.tu OF
these earnings have been profits earned
within the last six months by the associa-
ton. and that out OF this H7.90 the dircc.
tors last week declared "A dividend on all
of the stock of the association i'm force on
the first day of January. 1886. OF ) pei
cent. and that after the payment of this
3 per cent. dividend there would sun re-
main a balance of net earned profit or
hand of between s.. $50 and $1,000.
The affidavits also show that the suit
instead % being prosecuted by sharehoid-
ers OF the association. who arc complain.
ing of it's management. has been instigatec
and pushed along by other parties not
stockholders in the association. whose onl,
purpose has be- o injure t. Ii is shown
among other ). ,nat letters have beer
written to stockholders throughout the
! State trying TO make them dissatisfied