Omaha daily bee., 1906-11-05
reserve FUND Is INTACT
Treasurer Of Danish Brotherhood Did Not
Have the money in Bis Custody
1 VAULTS Of FlS8 RATIONAL IN OMAHA
Each of Three Trustees HAS n Key to
the strong Box and All Three
OF the KEYS Are Necessary
TO oScn II.

mt the reserve fund Is impaired or that
the Danish Brotherhood will lose one dollar
by the defalcation Of Supreme Treasurer
Eskldsen OF Chicago was officially denied
yesterday by Supreme Secretary ]. Michael
sen OF Omaha and Supreme Trustee Peter
sen OF this city. Supreme Secretary
Michaelsen made the following statement
as the press dispatches from Racine and
Chicago, he said, we're misleading and in
correct;
The reserve fund, which amounts to 1884,
200, was not in Eskildsens hands II was
and Is safely under lock and key in one
Of the safety deposit vaults in the First
separate and different keys to the deposit
vault and each Of the three supreme
trustees is custodian Of one Of the keys,
consequently the reserve fund cannot be
touched or the deposit vault opened except
by the threS trustees together. .na-..-.
cannot exceed 81, COO and probably viii
not be that much. In any case, the Danish
Brotherhood will not lose a dollar. as
Esklldsen was bonded by two surety COM
panles in the aggregate sum OF $4,000.
At tho recent quadrennial convention or
the order in Council BUNS, Il was decided
TO make g radical change In the method Of
keeping the funds OF the order. Heretofore
Treasurer Eskidsen had Kept the money
in such bank as he willed and in his own
name. At the convention the Commercial
National bank OF Chicago was selected as
the depository for the funds of the order
the order In case OF possible failure. The
day following the close OF the convention,
lat a meeting OF the executive committee
OF the order, which consists of the presi-
dent, vice president and the three trustees
Treasurer Eskildsen, who had been re-
elected by the convention, was directed
TO transfer at once all funds of the order
in his possession TO the Commercial Ma
tonal bank OF Chl0go. Eskldsen said
he had some businesSNo attend to in Iowa
and that he could not return 20 Chicago
at that time, but would meet the COM
mittee there October 81, when he would
make the transfer. When the committee
went to Chicago on the date named rs
kldsen was found to be missing and the
money not transferred as directed. The
shortage. which had been suspected, then
became apparent
the authority imposed on It, appointed Rof
Rasmussen of Chicago as supreme treas
urer. the convention in this city having
elected Mr.. Rasmussen as Eskildsen's alter
nate.
Under the new system OF keeping the
funds of the order, as decided upon by
the recent convention, there will be hardly
any chance OF a defalcation by the treas
urer. All checks drawn on the funds OF
the order are to be cOunteTsigned by the
president and secretary and the bank is
to make a statement monthly to the secre-
tary showing the deposits and disburse-
ments. This monthly statement will then
be copied and sent TO each OF the three
trustees. All funds VIII first pass through
: the hands OF the secretary. who will keep
account of them so that in the future the
treasurer could not possibly set away