The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-07-30


and trying to induce them TO engage IN
iitigs ton. snd Inducements have beer held
out 10 them In some instances that by so
doing they would incur no liability. the
We're furnishing the money and would
guarantee that they would themselves he
subjected TO no expense IN the conduct OF
the litigation.
MRS. CAMPBELL.S AFFIDAVIT.
One of the persons whose name was
added to the complaint a few Gays ago
was a Mrs Frances Campbell. OF Bloom
ington. The defendant produced the afh-
davit of Mrs. Campbell. who swears that
she never at any time authorized the use
of her name in that connection. or author
lied any person TO make her a party 10 the
suit. or TO act for or represent her in any
manner therein.
Another of the parties whose name was
recently added is a Mrs. Mary r. Jacobs,
or Spencer. Mr.. Griffin testified that he
called upon Mrs Jacobs at her residence
In Spencer day before yesterday and found
her with her husband. Mr.. Jacobs said
from Mr.. Picsens urging him not to with
Draw from the case. and that on last Sum
day Mr.. Pickens called upon him AT his
nome in Spencer and urged him not 20
Withdraw Mrs. Jacobs's name as one OF
the plaintiffs. Mr.. Jacobs informed Mr..
matter and Mr.. Pickens then. as an in.
ducement for Mr.. Jacobs 10 continue the
case. guaranteed the payment Of all costs
have all of her money IL a receiver were
appointed: that Mr.. Pickens. as an addi-
tional inducement, informed Mr.. Jacobs
names he was not at liberty to give. had
guaranteed all the expenses OF the suit.
and finally informed Mr.. Jacobs that one OF
the trust companies would furnish him
tJacobs) a written guarantee IL he would
permit his wife's name to remain in the
complaint as one of the plaintiffs. Mr..
Grimm fnSfthnd that Mr. IonnhU A.1 ala -
him that. III requiIed to do so. he would
testify to these facts. but that he was a
friend OF Mr.. Pickens and did not want TO
do anything to injure him.
Mr.. Young. who has had no business con-
nection with the association for more than
three years also testified. r~efuting in em-
phatic terms the charges made by Mr..
Morrisor covering the period when he was
connected with its management. showing
that there had been no fraud or
gemen of any character. and also fully
explaining the alleged shortage in his ac-
counts The directors also testified relative
TO this matter and Mr.. Young and the de
rectors all agree that there was no Short
age In his accounts but a mere dispute
over their settlement. Mr.. Young testified
that the association owes him. instead of
him owing the association.
1t is shown that Mr.. Ensley has at this
time stock of the value of over $4,000. no
part of which he intends withdrawing;
that Mr.. Gates has at this time stock OF
the value of over s. 1000, no part of which
ne concentrates Withdrawing; or has con-
@1 t-t0t
nm and members of his family have over
5000. in value of stock in the association.
ing it TO be a good investment.
In short, the afhdavits thus filed. denied
thoroughly and ~emphatically every charge
of fraud or m-ismanagement or improper
conduct upon the part OF the association or
any of its officers. and affirm emphatically
the solvency Of the association. giving as
the basis of this opinion the facts shown
by the books Of the association.
The afhdavits charge that instead of be-
ing a suit by stoekholders for the vindica-
ton of their rights. ii appears to be an
action instigated with a view 10 the injury
of the association and its shareholders. Ed
ward r. Parmalee. the ~bookkeeper OF the
association. fully corroborates all that was
testified by the other witnesses in relation
to the matters above referred TO-, and also
testifies that there has never been any
losses yet sustained by the association:
that while il has had TO take real estate
from deinquent borrowers IN some IN.
profit from such real estate instead Of hay-
ing suffered a loss. The officers insist that
an association which has divided over $50
600 of net profits among its shareholders
and has never suffered any loss can hardly
be claimed to be insolvent.
In speaking of the affairs of the ~associa-
ton last night Byron X Elliott said: Il
have given the books of the association
and the evidence careful and thoughtful
study. and / was thoroughly satisfied that
the association Is solvent. that there has
| not been any fraud. nor anything resem-
bling fraud. on the part of any Of It's oth-
GERS. There has been an honest, faithful
and persistent effort on the part or all TO
| promote the interest of the stockholders"
Robert w. Mcbride said: II fully agree
with Judge Elliott. The association Is un-
doubtedly solvent. and has. in my opinion.
been exceptionally well managed. have
known the secretary. Nicholas Ensiy. for
thirty years. He is one OF the most care
full business men i ever knew. and no man
who knows him will question his honesty
| General Harrison appointed him pension
| agent for Indiana. and in four years ne
| disbursed TO pensioners $46.3A.s1s.92. When
he retired from office his accounts balanced
to a cent. His official bond of Sl.oo.0v9
was signed by friends who volunteered
the use of their names.'