gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
be2b3e99864b35b8
Response Measures
None
Description
Bank was closed and placed in receivership in early 1932 and did not resume operations; receiver later died and legal actions continued.
Events (4)
1.January 1, 1932*Receivership
Newspaper Excerpt
appointment of Quinten A. Carver as receiver in a suspended bank; receiver has announced that there will be no distribution of funds for some time; bank has been in receivership for the past year and half with Q. A. Carver serving as receiver.
Source
newspapers
2.January 1, 1932*Suspension
Cause
Voluntary Liquidation
Cause Details
Bank closed in January 1932 by order of its directors and placed in receivership.
Newspaper Excerpt
the bank was the Wabash County Loan and Trust Company, closed last January by order of the directors.
Source
newspapers
3.April 16, 1932Other
Newspaper Excerpt
Depositors in the Wabash County Loan and Trust Co., now in receivership, today circulated petition ... asking that the county treasurer be ordered not to add delinquent penalty to the taxes of the petition signers ... signers have their money the closed bank and the receiver has announced that there will be no distribution of funds for some time.
Source
newspapers
4.July 21, 1933Other
Newspaper Excerpt
Carver, 60 years old, for the Wabash County Loan and Trust Company died suddenly of heart attack here today as he preparing go work at the bank.
Source
newspapers
Newspaper Articles (11)
1.April 17, 1932Leader-TribuneMarion, IN
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Article Text
DEPOSITORS ASK FOR TAX RELIEF
Wabash, Ind., April 16.-Depositors in the Wabash County Loan and Trust Co., now in receivership, to. day circulated petition which will be presented to the county commissioners their meeting on May asking that the county treasurer be ordered not to add delinquent penalty to the taxes of the petition signers in even the tax is not paid within the time limit. The petition sets out that the petition signers have their money the closed bank and the receiver has announced that there will be no distribution of funds for some time. also asks that the treasurer be ordered not to add delinquent penalty to taxes of the petitioners until least twenty per cent payment has been made by the bank receiver to the depositors. Signers of the petition contend they will unable to pay their taxes until this distribution is made.
2.June 17, 1932The Indianapolis StarIndianapolis, IN
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Article Text
STATE PUBLISHER IS FOUND GUILTY
Wabash Man Will Appeal Sentence, Fine on Contempt Charge.
[Special to The Indianapolis Star.] WABASH, Ind., June 16.-Don M. Nixon, publisher of the Wabash Plain-Dealer, was found guilty of indirect contempt of court before Special Judge W. H. Eichorn in Wabash Circuit court today and was sentenced to ten days in jail and fined $100. The indirect contempt charge was filed on order of Judge Frank O. Stertzer Although requested by Prosecutor Byron Kennedy and Special Attorney Milo Feightner of Huntington to order serving of the sentence started at once, Judge Eichorn announced that formal judgment in the case would not be entered until Saturday. Attorneys for the defendant announced that an appeal will be taken in the action and motion for release on bail pending the appeal will be filled on Saturday, and should it be refused the case will be taken to higher court immediately and motion for bail made there.
Court Room Crowded. The court room was filled to capacity when the case started at o'clock. As Nixon walked in the court room to take seat at his counsel's table, his friends in the crowd broke into applause. The maximum sentence under the law could have been ninety days and fine of $500. "I do not believe that punishment should ever be vindictive, but rather salutary admonition. view the circumstances surrounding the case, shall impose $100 and ten-day jail sentence,' Judge Eichorn said.
Scored Bank Receiver.
The contempt citation against Nixon came as the result of published articles which criticized appoint of Quinten A. Carver, former county auditor, as "a village garage keeper wholly manage the affairs of million dollar bank." The bank was the Wabash County Loan and Trust Company, closed last January by order of the directors. The court held that the published story tended to place court in the light of ridicule and, therefore, was Nixon said that several persons immediately after the court's decision was announced had offered to help pay his fine and several offered to serve the jail sentence for him if the court would permit.
3.June 17, 1932The Indianapolis TimesIndianapolis, IN
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Article Text
WABASH PUBLISHER TO FIGHT SENTENCE Appeal Will Be Filed in Contempt Case. By United Press WABASH, Ind., June 17.-Immediate appeal of the case of Don M. Nixon, publisher of the Wabash Plain Dealer, found guilty of contempt of court for his criticism of appointment of a receiver in a suspended bank, was expected today. Nixon was found guilty on the charge Thursday by Judge W. H. Eichorn and fined $100 and sentenced to ten days in jail. Judgment on the decision will not be entered until Saturday, when the appeal wil be made. Nine hundred persons thronging the courtroom cheered Nixon as he appeared to hear the verdict. Nixon was cited by Judge Frank O. Switzer, whose appointment of Quinten Carver as receiver of the Wabash County Loan and Trust Company the editor had attacked bitterly.
PUBLISHER HAS APPEALED HIS CONTEMPT CASE Wabash. Ind., June 17-(UP)Immediate appeal of the case of Don M. Nixon, published of the Wabash Plain Dealer, found guilty of contempt of court for his criticism of appointment of a receiver in a suspended bank, was expected today. Nixon was found guilty on the charge yesterday by Judge W. H. Eichorn and fined $700 and sentenced to 10 days in jail. Judgment of the decision will not be entered until tomorrow when the appeal will be made. Nine hundred people thronging the courtroom cheered Nixon as he appeared to hear the verdict. Nixon was cited by Judge Frank O. Switzer whose appointment of Quinten Carver as receiver of the Wabash County Loan & Trust Co., the editor had attacked bitterly.
5.June 19, 1932Evening StarWashington, DC
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Article Text
Accused Editor Appeals. WABASH, Ind., June 18 (P).Don M. Nixon, publisher of the Wabash Plain Dealer, was released on $1,000 bond today pending appeal from his conviction of indirect contempt of court. Nixon criticised the appointment by Judge Frank O. Switzer of Q. A. Carver as receiver for the Wabash County Loan & Trust Co.
6.June 20, 1932The Indianapolis TimesIndianapolis, IN
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Article Text
EDITOR FIGHTS CONVICTION IN CONTEMPT SUIT Wabash Publisher Battles for Freedom of Press in Indiana. By United Press WABASH, Ind., June 20.-Don M. Nixon, fighting editor of the Wabash Plain Dealer, today said he would push his appeal of a contempt of court citation to the highest courts in what he believes is a struggle to preserve freedom of the press. Nixon was sentenced to ten days in jail and fined $100 for his criticism of a court's appointment of a receiver for a suspended bank. "To much power is in the hands of courts to coerce a publisher against telling the truth about a court and its acts," said Nixon. "The courts have what no one has the right to deny-trial by jury. "Changes in the law should be made to prevent courts having unreasonable power in acting in cases which they term 'contempt of court.' Such cases should be tried by juries." Fights for Freedom Nixon explained his sentence resulted from criticism of the appointment of a former garage keeper and farmer as receiver for a bank which failed with $1,000,000 in deposits. "I appealed the case," said Nixon, "not only because it involves my personal freedom, but because the freedom of the press throughout Indiana is at stake." The appointment under attack by Nixon was that of Quinten Carver, named by Circuit Judge Frank O. Sweitzer as receiver of the Wabash County Loan and Trust Company. "At the time of the appointment," Nixon said, "I made no comment, even though none of the 900 depositors knew Carver and even though his only business experience had been as a garage owner in a village of 400 population. Citizens Cheer Editor "But the bank's directors remained about the institution and apparently influenced the receiver. Depositors told me they were not getting a square deal. After an investigation, the Plain Dealer editorials appeared, charging the receiver was incompetent." The editor was cited for indirect contempt and Judge William H. Eichorn pronounced judgment. Hundreds of depositors and citizens cheered the appearance of the publisher in the courtroom. An attempt to force Nixon to serve his jail sentence prior to a decision on the appeal was forestalled.
7.October 22, 1932Leader-TribuneMarion, IN
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Article Text
AGREEMENT IS REACHED IN STOCKHOLDER ACTION
Wabash, Ind., Oct. agreement of parties finding was made for John W. Cox and others in their suit against Aaron Simon, Lena Simon and Gertrude Wolf on stickholders' liability in failure of the Wabash County Loan and Trust Co. Finding against Aaron and Lena Simon was for $2,500 in each case against Gertrude Wolf for $500. The money is to be paid to the bank receiver and distributed to creditors.
8.July 22, 1933The Indianapolis StarIndianapolis, IN
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Article Text
Wabash Bank Receiver Dies of Heart Attack
[Special to The Indianapolis Stor.] WABASH. Ind., July Carver, 60 years old, for the Wabash County Loan and Trust Company died suddenly of heart attack here today as he preparing go work at the bank. lived making daily He This morning placed his garage and In the Mrs Emma Potterf and asked Mrs. he He lay on saying would be few utes Potterf about her housework and when Carver failed walked back in the room and found him dead Carver served one term as county auditor are the widow. one son Henry Dufton of Roann, one sister and two brothers
9.July 26, 1933Leader-TribuneMarion, IN
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Article Text
Delays Naming Bank Receiver
Wabash, Ind., July 25.-Judge Frank C. Switzer today announced that no action will be taken regarding an appointment in the receivership of the Wabash County Loan and Trust Co. for a few days in order to give a committee chance to circulate a petition among all depositors, asking that the state banking department take over control of the bank The bank has been in receivership for the past year and half. with Q. A. Carver serving as receiver. His sudden death last Friday caused the vacancy which must be filled either by local appointment or by the state. The petition being circulated being signed by practically all of the depositors, according to Frank Rettig, a former director in the bank. It was said that the depositors desire the state banking department to liquidate the bank and close its affairs believing that the final cost will be less than would be the case if local man were named receiver. Whatever is paid out in receivership proceedings must naturally come out of bank funds. Since the state banking department has men on its force who are paid their main salary by the state only natural that they could handle the bank affairs at less expere than an independent receiver Whatever saving is made in the receivership means just that much more for the depositors and even then not likely they will be paid in full." one official said today Wabash, Ind., July A marriage license was issued here to Glen Baker, aged 25. farmer of near Roann and Miriam Young. aged 16, living in Roann.
10.January 10, 1935The Washington TimesWashington, DC
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Article Text
Appeal Vindicates
Critic of Court
INDIANAPOLIS, Jan. 10 (I.N. S.).—The State supreme court has reversed the decision of the Wabash Circuit Court which held the late Don Nixon, of Wabash, veteran publisher, in contempt of court, fined him $100 and sentenced him to 10 days in jail.
The reversal was regarded as a victory for freedom of the press as the charges followed stories Mr. Nixon published criticizing the appointment and functioning of a receiver for the Wabash County Loan and Trust Company.
11.December 27, 1935The Indianapolis TimesIndianapolis, IN
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Article Text
# COMPROMISE IS HINTED
# IN $700,000 BANK SUIT
Wabash Officers Agree to Settle for $100,000, Is Report.
By United Press
WABASH, Ind., Dec. 27.-Settle-ment of $700,000 damage suit against former directors and officers of the Wabash County Loan and Trust Co. by compromise appeared likely today.
Under terms of a compromise petition which may be filed in Wabash Circuit Court, the officers will pay $100,000 to the State Department of Financial Institutions and also a sum not to exceed $3,000 for an audit of the bank's books.
The State Department of Financial Institutions assumed prosecution of the case after the death of Q. A. Carver, receiver. The complaint charged that directors of the bank were negligent and responsible for bank losses.
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Do not pass Go. Do not collect $200. Go directly to jail… or worse.
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Wabash County Loan & Trust Company · UID 205243491585
