The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-10-27
checks had been charged OF on the

lchecks had been charged of on the
books Of the order, but the bank could
not pay the oney Acting on de-
mandss made by the insurance people,
1 a piece OF pro perty was sold. and these
t:claims liquidated. But apparently no
lesson was learned from this eAN,erl-
lience. for the same condition Is now
found to exist. 81
L The Bureau OF INSURANCE has been
constantly halnpered because & OF its
lack OF authority to examine the bank;
The order would show that 1t had a cer-
tain amount to its credit with the bank,
but the actuaries OF the department.
were unable to discover whether or
not the bank could put up the amount
Il required.
Joint Examination.
When the State Bank Examining De-.
partment was organized during the past
summer. under the now law. the Insur--
ance Bureau requested that an exami-
nation be made Of the True Reformers'
Bank, which the new department. with
many calls on it's time, was una bic ia
do at first. At last, however,sthe exc
ANIMATION was begun on Tuesday Of
last week, and 1t was made Joint one
Actuary Isaac Davenport being sent to
look into the books Of the der. while
Examiner c. C. Barksdale was having
a glance at the bank. BY the next day;
| the condition OF affairs had become so
evident to the examiners that the Bu-5
reau Of Insurance ordered the officials
l1of the True Reformers not to put a ny
lsmore money belonging to the order on
iBdeposit with the bank. Since that6day
| all moneys belonging to the order have
ilbeen placed in another bar As the
/, examination progressed 1t was found
THAT while the books are not In such
tt{condition as to permit an accurate
statement to be made. the amount due
1.-THE order is approximate ~ 1888 ,100. i OF
(which s274,Ooolis in deposits and S01,1oO
lin money borrowed by the bank from
\ the order. sss
4 Order Issued. ~
Il Upon learning Of the condition Of H.
HAIRS, ID pury Commissioners Brenaman
ltssued the following order: 5
HOctoberE 20, 1910.
j ssTo the Officers, Directors and iEruH-
tees of the Grand United Order
1 OF True Rcformers, ltichm,ona, W.:
seThis is to notify the officers, lircc-S
, tors an,l trustees of the Grand United
I fOrdera or True RefOrmcrs to nppenr ~
the bureau of Insurance Mt 10 a. NJ,
'Thilrxlny, October e, 1910, 10 sl, SHOW.
cnuse why the y lIcenHe of the Grand
!! llnited Order of True Reformers to
t transact business In the StnteHOf Vtr-
( ginia as II fraternal beneficiary nsso-
\ citation should mot be suspended or
perinancntly y J. revoked on account u 9 {
gross announcement and non pay
Il 8lncnt nf death clnlllln. f&Sa s5
4 .sYours truly,
II (SlEncd) jim. DIR lSN AAI AN, II
3sss .,DeDuty Comm ISIS Toner of lnsllrAncc,N
y Quick Results. an,
Apparently this letter flushed 3St he
jsapplication for the recetYer8 tor y
bank. Al order was issued, also on
Tuesday morning, by the state 81 Cor
sEgsporation Con,nls sion,3 giving the bans
item days within which TO make THINGS
4 square, H but this inc did not sleSpife
untll Friday Of next week On, Tue the az |,
S ternoon Of the day prior e tn II. ON y,
on which, In all probahll lty,S tl'e h IL
censeS Of the insurance order swoule
sEshaya been revoked, a receiver was ass :
q Led for the bank. ThereupoH for ! u. he
\ Eprotactlon of the GO oved p'1p =
y prompt aetio cen by 4 me &c
n spartment.g s8 3f f5gSSsi 5,s5
q Ytth@the formal IA 9 lice at sn spenslol
a f5St ~ llaense q y epu tyftS t,omMiRsi q
II Rranaman wrote a lei Tar NJ Q y hessolll'
f,ia Is M the True II Of oEIne Isl, mott tying
u! hema thatit would N oW he. IN neces SO y
81 rs aippearf this morning. Tie 8orderWil
a ia q fieptiye Until II ai " can be found IA
the society VII set Sfron e N q
Nh, Brs na,na,, said asst N lt t9a
n hts once had sf own! his or ganiiizatlo 81
4 every oonsl, lepa I ion tter Il "
N II. al os ere mn Tor \ I'M N
tt.aa