The Cairo bulletin., 1911-01-28
K.P.OFF|C|AL,S'SDEO
LOUISIANA POLICY HOLDERS OF
FOURTH RATE INSURANCE
WANT RECEIVER.
Claim $5oo,ooo Gone From Fund anc
Bring Suit at Indianapolis
Claim Rating Was D-
unfinished.

indianapolis, Ind, Jan 27.-Charg-
ing gross negligence in handling trust
funds and the misrepresentation of
money, twenty fourth-class policy
holders in the insurance department
of the knights of Pythias, living in
Louisiana, today filed suit in federal
court against the Supreme Lodge,
| knights of Pythias, and asked for the
appointment Of an interlocutory re-
! ceiver TO take charge of the depart
nlent They also ask the receiver by
lcsder Of the court to collect money
| from the supreme officers due the
| fourth-class members and the money
alleged to have been drawn from the
| TRUST fund and given to the fifth class
which was incorporated later. After
all moneys have been collected, they
ask for a ratable distribution of the
fund among the members according
TO the amounts OF monthly premiums
and life contracts
| In TIE complaint it is charged the
sum of 100000 was nisappropriated
from the fourth class trust fund prior
to 1906, and it is stated the exact
| sum may never be known, as the do
partment had made no report to the
u grand lodge meeting until that year
1t is alleged when the books OF thu
department were examined by audi
tors, no facts could be ascertained, as
tho books were IN disgraceful condi
ion"
i, the defaulting officers, it is averret
1 Paid back to the grand lodge Officials
some Of the money, but that the off
GERS did not replace the cash and are
Withholding it,
Il TO Cut Out Fourth Glass.
j The SUM of $394,082.25, 1t Is al
! legged, was abstraeted from the fun
later in the advancement Of the sew
t enth class insurance and never re
placed.
n The dismembement OF the entir
fourth class, ii is alleged, is intende
+ by the officials, who, according to tn
G complaint, issued an order recent
! asking for the transfer Of membershi
s to the fifth class or Withdrawing fror
: the department. The appointment
1 a receiver, it is stated, is the only pos
e Isible method for the policy holders t
It obtain money paid in as premium
l. and for the equitable distribution c
n the fund 1t is charged that sine
n 1906, the board ofs control, in furthe
l. ing the interests Of the fifth class, ha
mainly by its efforts, reduced tn
? membership of the fourth class froi
s S1,Sl9 to 10,S}2. II is further a
i serted that the remaining members
s e fourth class carry insurance al
, regating $20,G67,500, and that the el
Iowment or reserve fund belonging
the fourth class Oct. 81, 1910, We
SGi5,5 sc, an amount wholly mad
G quate to protect the members belon
+, ng to the fourth class and to me-
, ia obligations thereof by the s
Il }tcne Lodge Of the knights of p
q hias
a The complaining policy holders a
, osenh Holt, Victor Mauberret, Ro
!, ayin Frank Ribara, w. r. Shit
J. 3, Chisholm, II, A. Weber. Day
Lemley, G f Denechand, J. A. Da
9lass, J. E. JOLIET, Moses Heidingsft
ler Thomas Carey, Louis Scher
| Philip Rahm, J, l. Barnett, John Lee
| rt, 7 Sidney Weber, d. r Grabal
aud Lewis Fishel, holding $4,000
Insurance The headquarters for Il
" Insurance department are In India
apolis.
G. L. Malsailot of Memphis filed Il
papers for the policy holders.