Indianapolis Savings Bank - Indianapolis, IN

Episode Information

Episode UID: 2496866691231
Episode Type: Suspension → Closure
Bank Type: savings
Bank ID: 249686669 hash
Start Date: July 11, 1902
Location: Indianapolis, Indiana (39.768, -86.158)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: d1967c1738e8f7f4

Response Measures

None

Description

Article describes an ongoing receivership for a bank that closed over twenty years earlier.

Events (1)

1. July 11, 1902 Receivership

Newspaper Excerpt: John W. Ray, who has been receiver of the Indianapolis Savings Bank, which closed its doors over twenty years ago, made his annual report to Judge Carter yesterday.
Source: newspapers

Newspaper Articles (1)

1. July 11, 1902 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, July 11, 1902

Click image to open full size in new tab

Article Text

CANNOT FIND CREDITORS RECEIVERSHIP THAT HAS BEEN HANGING FIRE MANY YEARS. John W. Ray's Suggestion Will Be Followed by the Court-Grand Jury Report-Court Cases. John W. Ray, who has been receiver of the Indianapolis Savings Bank, which closed its doors over twenty years ago, made his annual report to Judge Carter yesterday. It was the same old report he has made for some years, being merely a formal statement that he as receiver has disbursed all the dividends ordered by the court except certain amounts credited to over 600 creditors which have never been called for. The amounts due the six hundred or more creditors, mostly small depositors, aggregate about $2,700, and Receiver Ray asked authority to publish the list and then wait until Jan. 1, 1903, before reporting how much was paid out to them. Judge Carter approved this and so ordered. The distribution provides for amounts from 1 cent up to several dollars. The larger ones include the amounts in aggregate on several dividends of small deposits. Last year Judge Carter ordered the receiver to notify all by postal card, but this seemed to result like a telephone message to a graveyard. After publication the receiver will wait until the expiration of the year, and then Judge Carter will decide what to do with the remainder of the money.