Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-12-12

mand the original bond furnished by
Croker with genuine signatures. and
also the forged" bond furnished by
him under date Of July rs. 1905. and APP
proved four days later by Directors
Reilly and G. ]. Byrnes.
In explaining this transaction Deni-
son said:
"Crocker's bank was the First Ma
tional Bank Of Charlton. Iowa. 1t was
capitalized for $4,000. The Modern
Woodmen deposited with him S350,000.
Crocker gave a surety bond at first to
the Woodman. but he was then allowed
to withdraw this good bond and in its
place he gave a forged bond. When
he died he left a note. a copy Of which
I still hold. which explains that he
signed all ten names to the forged
bind himself and that it was value
less
"What want to know is, why doesn't
the insurance department investigate
this? The bond was approved by the
four directors of the Modern Woodmen.
I'd like also to know what investigation
they made as to the signatures. Thru
this transaction the Woodmen lost
100000.
Continuing his statement to the in
SuItHCS COEIHllSSIChSAs ACAASOA ocnSs
THAT you obtain the names OF the
clerks Of the said Croker, and par
ticularly his confidential clerk. and that
you then call them and ascertain the
facts touching the profits on an al
legged purchase OF Japanese bonds by
the said Croker: his instructions to
them touching the sorting and saving
OF $50 and 500 bills, and the custom
OF the said Croker, If any. to send
these bills out at various times in small
packages to various parties-ascertain-
ing II possible who said parties were"
In this connection Denison also al
leges that the then head banker, G. HI.
McNider. deposited $4,000 Woodman
money with the Crocker bank just be-
fore it failed.
He also alleges that A. n. Bort. for
mer head banker, has not been called
upon by the society to pay $4,000.
which money was deposited by him in
the e. II. AIcCntcheon bank at Hol-
stein Iowa. and which also failed. The
bondsmen in this case are represented
by NJ NJ White, OF Ida Grove. Iowa,
who, in letter to Denison, asks why
the Modern Woodmen are footing the
bill which Bort should be called on to
pay Sort lives at Beloit, wis.
According to Denison. the Wood
men by the present head banker, F.
r. Korns. of Des Moines. have pur-
chased Mechanicsville school bonds at
a premium. while a statement was
published in the official organ show
ing the interest the society would get
from these bonds, but failing to note
the amount of premium at Wh1cn they
were purchased.
al NV
that an examination be made Of the
by the society on contingent expenses
to cover which bond purchases are to
be made This amount expended,
Denison claims to be s1,5o0,O00 more
than is permitted by the laws of the
society.
Denison also alleges that Director
c. j. Byrnes. Of Michigan. worked 1870
days as a member Of the legislature
OF that state and received pay. while
at the same time he received SIS as
wages day for the same days from
the Woodmen.
As article No. Is Denison asks:
THAT you investigate the proposed
publication in reference to the con-
duct Of the Modern Woodmen society,
OF an. article in the Chicago Tribune
withfR the last sixty days and ascer-.
tain the reason why the same was not
published"
j Reducing his charges to compare
lively petty things. Denison alleges
that Director E E. Murphy and r. r.
Smith were interested in Temple Inn
at the Louisiana Purchase exposition
at St Louis in 1903 and asks that
John r Harris, Of Chicago. who acted
in charge Of the com.nissary depart
ment OF the Woodmen encampment
be called by the insurance department
and examined as to whether foodstuffs
and supplies purchased by the society
for its members were diverted to the
use Of Temple Inn, at which foods
were sold.
The inference that rate Of more
than per cent on drawing accounts
in which the organization had daily
balances was paid and that the ex-
cess was pocketed by officials Is made
in connection with a demand that the
department call former Fiscal Agent
c.. H. McNider and ASCERTAIN the
name of the bank cashier in Daven-
port, II any. from whom McNider is
alleged to have demanded excess in
terest in the fall Of 1909"
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