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RECEIVER FAILEY'S REPORT. The Iron Hall's Trouble Heard in the Indiana Superior Court. INDIANAPOLIS Ind., September 29, 1893. -The Iron Hall case came up for hearing in the Superior Court yesterday morning, and after some argument, Judge Winters entered an order requiring attorneys to show whom they represented, and the two wings of the Order to show by what authority their Supreme sittings were elected. Receiver Failey filed his first report with the court yesterday. He shows this recapitulation. "Your receiver charges himself with the amount of cash received from the date of his appointment to the sum of $762,168.94, and your receiver claims and is entitled to credits amounting to $47,003.10, leaving a net cash balance of $715,165.84. Said cash balance is now on deposit in Fle cher's Bank and the Merchants' National Bank, Indianapolis. The assets not converted into cash are as follows: "Notes, bonds and securities to the amount from M. C. Davis, appraised value, $5,702.50; from branches, face value, $28,321.18, a total of $34,023.68. There is still remaining due and unpaid of the reserve fund held by the various branches an amount of $1,238,643.18. "Claims against the Mutual Banking, Surety, Trust and Safe Deposit Company of Philadelphia, $713,333.70. Claims against the New Jersey Trust and Safe Deposit Company of Camden, N.J., for money deposited with said banks, $2,237.74. Of the expenses with which the receiver has credited himself, $26,843.75 was for attorneys' fees and $10,000 for his own services," In the course of his report the receiver says: "Your receiver further reports regarding the reserve funds held by the various branches that he has demanded of each branch an accounting, and that in most cases the branches have been prevented from so accounting by litigation. In a number of cases the reserve funds were deposited in the Mutual Bank of Philadelphia at the time of its assignment." The cases were set for final hearing on November 6.
