5130. Indianapolis Savings Bank (Indianapolis, IN)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
savings bank
Start Date
April 12, 1883
Location
Indianapolis, Indiana (39.768, -86.158)

Metadata

Model
gpt-5-mini
Short Digest
3187a641949ae219

Response Measures

None

Description

Articles consistently refer to the Indianapolis Savings Bank being in the hands of a court-appointed receiver (John W. Ray / John W. Fay) from at least April 1883 onward. There is no mention of a depositor run; instead the coverage concerns the receivership, sales of real estate, and periodic dividends paid by the receiver. Therefore this is a suspension that leads to permanent closure/receivership.

Events (9)

1. April 12, 1883 Receivership
Newspaper Excerpt
the receiver of the Indianapolis Savings Bank has quite an amount of such funds on hand, and does not know to whom the dividends should be paid, if there are to be any more dividends. He might pro rate it among the other creditors.
Source
newspapers
2. April 12, 1883 Suspension
Cause
Government Action
Cause Details
Bank placed in receivership / court control; payments handled by receiver (court-appointed).
Newspaper Excerpt
It is said that the receiver of the Indianapolis Savings Bank has quite an amount of such funds on hand
Source
newspapers
3. October 2, 1883 Other
Newspaper Excerpt
The receiver of the Indianapolis Savings Bank ... reports that he has money enough on hand to justify the court to order a dividend of ten per cent. upon the deposits formerly held by the bank, payable to the depositors entitled to the same. ... the payment of the dividend.
Source
newspapers
4. October 4, 1883 Other
Newspaper Excerpt
A DIVIDEND OF 10 PER CENT. will be paid depositors of Indianapolis Savings Bank, at Bank of Commerce. JNO. W. RAY, Receiver.
Source
newspapers
5. December 3, 1884 Other
Newspaper Excerpt
Samuel Merrill et al. vs. John W. Ray, receiver of Indianapolis Savings Bank, et al.; suit to quiet title. Finding for plaintiff.
Source
newspapers
6. October 8, 1885 Other
Newspaper Excerpt
John W. Ray, receiver of the Indianapolis Savings Bank, yesterday obtained a release of four valuable lots in Oak Hill addition from a judgment lien.
Source
newspapers
7. February 18, 1886 Other
Newspaper Excerpt
An error occurred in the figures in the Indianapolis Savings Bank receivership report ... the amount of bills receivable collected being placed at $25,571.63, whereas it should have been only $5,571.63.
Source
newspapers
8. May 26, 1886 Other
Newspaper Excerpt
Receiver's sale ... in the matter of the receivership of the Indianapolis Savings Bank ... the real estate belonging to said trust is offered for sale ... JOHN W. FAY, Receiver.
Source
newspapers
9. July 13, 1886 Other
Newspaper Excerpt
Col. John W. Ray, receiver of the old Indianapolis Savings Bank asked Judge Walker yesterday for an order authorizing him to make a 5 per cent. dividend to the creditors of the bank on July 13 ... This will make a total of 65 cents on the dollar to the creditors of the bank.
Source
newspapers

Newspaper Articles (10)

Article from The Indianapolis Journal, April 12, 1883

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Article Text

A Need for a Law. It has been discovered that there is at present no law on the statute books providing for the disposal of unclaimed funds in the hands of a receiver. It 18 said that the receiver of the Indianapolis Savings Bank has quite an amount of such funds on hand, and does not know to whom the dividends should be paid, if there are to be any more dividends. He might pro rate it among the other creditors.


Article from The Indianapolis Journal, October 2, 1883

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Article Text

Savings Bank Dividend. John W. Ray, receiver of the Indianapolis Savings Bank, yesterday made the following report to Judge Walker: "The receiver of the Indianapolis Savings Bank, respectfully reports that he has money enough on hand to justify the court to order a dividend of ten per cent. upon the deposits formerly held by the bank, payable to the depositors entitied to the same. He further reports that the real estate which came into his hands was appraised for the sum of $49,148.55, that the sales of real estate to date amount to $26,895.00; that it was appraised at $21,869.55, and that the excess of sales over appraisement was $5,025.45. The appraised value of the real estate yet involved is $27,299. He further reports that it will be advantageous to the depositors that notice of this dividend be published in such papers as the court may order, and that it will very much expedite the payment of the diyidend if the receiver be allowed to employ a clerk to assist for a period of ten to fourteen days until the rush is past." Judge Walker ordered the appointment of a clerk, in accordance with the above request, and the publication indicated, as well as the payment of the dividend.


Article from The Indianapolis Journal, October 4, 1883

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Article Text

SOCIETY NOTICES. ASONIC-PENTALPHA LODGE NO. 564, F. and A. Masons. Stated meeting in MaM sonie Temple this (Thursday) evening, at 7:30 o'clock. MARTIN H. RICE, W. M. WM. H. SMYTHE, Sec'v. ANNOUNCEMENTS IVIDEND NOTICE-A DIVIDEND OF 10 D per cent. will be paid depositors of Indianapolis Savings Bank, at Bank of Commerce. JNO. W. RAY, Receiver. USINESS OPPORTUNITY-ONE-THIRD INB terest in a first-class manufacturing establishment in this city; no debts; an active partuer preferred. Address Manufacturing Co., Journal office. AROLINE E. TALBOTT, AN APPROVED minister of the Society of Friends, appoints a meeting at Friends' Church, corner of Delaware and St. Clair streets, this evening. at 7:30 o'elock. A general attendance is desired of Friends and others. THERE WILL BE A MEETING OF THE REpublicans of the Sixth Ward, at No. 124 Fort Wayne avenue, on Thursday evening, Oct. 4, 1883, at 7:30 o'clock. Let every Republican turn out. Business of importance. JOHN W. PFAFF, Committeeman, WANTED ANTED-A GOOD STEADY GIRL FOR W housework in small family. 499 E. Ninthst. ANTED-GOOD SOLICITORS WILL FIND W It to their interest to call at 22 South Pennsylvania street, Indianapolis, Ind. ANTED-HIGHEST CASH PRICE PAID W for the best of second-hand clothing. Address Mrs. A. SELLERS, 125 Massachusetts avenue. ANTED-THE CHEAPEST NEWSPAPER W in the West. the Weekly Indiana State Journal. One dollar per year. Ninety cents in clubs of five and over. ANTED-A MILLER OF GOOD, STEADY W habits will find constant employment 26 good wages by addressing E. HALBERSTADT, Union Mill, Urbana, 111. ANTED TO RENT-MODERN BUILT W house, about 10 rooms, with all improvements, bath room, etc., in first-class location only. H. C. LEVI, Model Clothing Co. ANTED - AN EXPERIENCED CIGAR W salesman for this teritory, on commission; reference required. Address MARVIN W. RUDD. 94 Warren street, New York City. ANTED-CANVASSERS IN EVERY CITY W and town, for the Art Folio. a new and popular illustrated monthlv. Liberal terms. Address T. H. EDWARDS, 198 South Desplaines street, Chicago. ANTED-INVENTORS TO APPLY TO W Smith & Loeper, patent solicitors, before employing attorneys. Best of references given, and satisfaction guaranteed. Room 28, over 29 North Pennsylvania street. ANTED-ENERGETIC, RELIABLE MEN, W to sell Trees, Grapevines, Shrubs, Roses, etc. Salaries and expenses paid. Experience not essential. Mention this paper. Address LECLARE & HERRICK, Brighton, N. Y. ANTED LADY AGENTS FOR THE W "Queen Protector," a new undergarment for ladies, made of soft, flexible rubber; sure protection to the underwear when necessary to be worn. Retails for $2 as fast as agents can show it. Large profits. Address, with stamps, Ladies' Undergarment Manufacturing Co., 9 South May street, Chicago, III. FINANCIAL ONEY TO LOAN AT LOWEST RATE OF interest. E. B. MARTINDALE & SONS. M ONEY TO LOAN ON CITY OR FARM M property. U. M. STODDARD, Claypoot Building. ONEY AT THE 'LOWEST RATES OF INM terest. J. W. WILLIAMS & CO., 3 and 4 Vinton Block. ONEY TO LOAN ON FIRST MORTGAGE M of city and farm property in Indiana and Ohio. Low interest. JOS. A. MOORE, 84 East Market street. E WILL FURNISH MONEY ON FARM W security. promptly. at the lowest rates for long or snort time. THOS. C. DAY & CO., 72 East Market street FOR SALE RSALE-ONLY ONE DOLLAR PER YEAR the Weekly Indiana State Journal. Send for it. FOR SALE-FARMS. CHEAP. ON LONG credit. Send for circular. Blue grass pasture for rent, cheap. FRANCIS SMITH & CO. ORSALE-AN ASSORTMENT OF SECONDhand engines, bollers. and sawmills in good order. HADLEY. WRIGHT & CO., coruer Tennessee and Georgia streets. Indianapoiis. FOR RENT. OR RENT-THE SPACIOUS STOREROOM in Odd-fellows' Hall Building, formerly occupied as a dry goods store. Pennsylvania street front may be rented separately. Apply to ALEX. METZGER, Real Estate Agent. AUCTION SALES. UNT & McCURDY. REAL ESTATE AND H General Auctioneers. 88 E. Washingtonst.


Article from The Indianapolis Journal, December 3, 1884

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Article Text

# THE COURT RECORD. Superior Court. Room No. 1-Hon. Napoleon B. Taylor, Judge. Carrie De Boos vs. Francis M. Brown et al.; suit on warranty. Judgement for plaintiff. Charles S. Lewis, treasurer, vs. Ingram Fletcher et. al.; suit on deposits. Judgement for $8,908.28. Room No. 2-Hon. D. W. Howe, Judge. George A. Carr vs. Robert S. Foster, as United States marshal for the district of Indiana; replevin suit. Cause dismissed. Georgiana Smith vs. Jane Hagerty et al.; suit to quiet title. Finding for defendant, Burdsall, on his cross-complaint, $125.63; finding for defendant, McWhinney, on his cross-complaint, $35.90; finding for John Williams $14.16, and in favor of plaintiff for $97.05. Samuel Merrill et al. vs. John W. Ray, receiver of Indianapolis Savings Bank, et al.; suit to quiet title. Finding for plaintiff. First National Bank of Indianapolis vs. the Indianapolis Car Manufacturing Company; suit on note. Cause dismissed. Room No. 3-Hon. L. C. Walker, Judge, First National Bank vs. Henry C. Holloway et al.; foreclosure. Dismissed and costs paid.


Article from The Indianapolis Journal, October 8, 1885

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Article Text

John W. Ray, receiver of the Indianapolis Savings Bank, yesterday obtained a release of four valuable lots in Oak Hill addition from a judgment lien. It was done in Judge Walker's court.


Article from The Indianapolis Journal, February 7, 1886

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Article Text

QUERIES AND ANSWERS. (All proper questions of general interest will be admitted to this column, and answered. is possible. If the answers cannot be given the questions will be printed to invite replies from the outside. The colarmn is for the mutual pleasure and profit of our readers.] THAT PIECE OE TIMBER. To the Editor of the Indianapolis Journal: The true answer to your timber problem is 9 CHARLES DAILY. feet and 4 inches. OXFORD, Ind. VICE-PRESIDENTS. To the Editor of the Indianapolis Journal: How many Vice-presidents have died in office? CONSTANT READER. SALEM, Ind. Five. MOLASSES. To the Editor of the Indianapolis Journal: Is the word "molasses" singular or plural? HETTY. SPENCER, Ind. It is singular. DEVIL'S GLEN. To the Editor of the Indianapolis Journal: Where is the Devil's Glen, and what is it? J. E. F. CORYDON, Ind. It is a singular and romantic ravine in County Wicklow, Ireland. STEAM. To the Editor of the Indianapolis Journal: Is it the case that a stationary engine will run Easter at night than in the daytime under the W. J. W. same amount of steam? SHERIDAN, Ind. No. COST OF MAKING A SILVER DOLLAR. To the Editor of the Indianapolis Journal: What does it cost the government to coin a ANDY. gilver dollar? GREENFIELD. We have seen the cost stated at one and a half sent. SEA OF UPTURNED FACES. To the Editor of the Indianapolis Journal: Whence comes the well-worn phrase "Sea of BLIVENS. npturned faces?" CITY. From Sir Walter Scott's novel "Rob Roy," Chapter 20. JUDGE AND SHERIFF. To the Editor of the Indianapolis Journal: 1. What salary does the circuit judgereceive! 2 Does the sheriff get more than his fees! J. H. COATS. EKIN, Ind. (1.) Twenty-five hundred a year. (2.) The sheriff receives no salary. THE MITRE. To the Editor of the Indianapolis Journal: What significance has the shape of the mitre? CITY. A.B. The two horns are an allusion to the cloven tongues of fire which rested on each of the aposthes on the day of Pentecost. PARNELL. To the Editor of the Indianapolis Journal: (1) When and where was Parnell, the Irish leader, born! (2) How many followers has he in H. O. OSIER. Parliament? MUNCIE. (1.) He was born at Avondale, Wicklow counBy, Ireland, in June, 1846. (2) Eighty. THE PUBLIC DEBT. To the Editor of the Indianapolis Journal: What is the amount of the debt of the United b. E. States? FARMLAND, Ind. The statement made by the Secretary of the Treasury, on Feb. 1, gives the amount as $1,434,782,272. OUR ANTAGONIST. To the Editor of the Indianapolis Journal: Will you please give me the author of the expression, "Our antagonist is our helper." SCHOLAR. MUNCIE, Ind. Edmund Burke. The full quotation is, "He that wrestles with us strengthens our nerves and sharpens our skill; our antagonist is our helper." THE INDIANAPOLIS SAVINGS BANK. To the Editor of the Indianapolis Journal: Please state when the Indianapolis Savings Bank paid the last dividend, and oblige NEW ALBANY. A JOURNAL READER. The last dividend, making in all 60 per cent., was declared in October, 1883. The receiver expects in course of time to pay from 10 to 18 per cent. more. PRE-EMPTION AND HOMESTEAD. To the Editor of the Indianapolis Jou rual: Can the same person at different times both "pre-empt" and "homestead" public lands in the West? READER. VALLEY CITY. Yes. But a homesteader cannot afterward preempt. The law on the subject is too long to be given in our restricted space. THE REVISED BIBLE. To the Editor of the Indianapolis Journal: Will you or any of your readers inform me why a revision of the Bible was published if no changes were made in its meaning, as claimed by a Bible scholar, and indicate book, chapter and werse of some of the most conspicuous changes in the language, if not in the meaning. READER. The subject is too great to be treated in this solumn. LOCOMOTIVES AND COACHES To the Editor of the Indianapolis Journal: To settle a dispute will you state cost of a railaway engine and, also, cost of passenger coach. READER. MAJENICA, IND. A first-class engine can now be purchased for $7,500. A freight engine costs about $500 more. Some very handsome and serviceable passenger seonches are now built for $4,500. The C., H. & D. recently purchased 200 first-class freight cars at $415 per car. THE WORD LADY. To the Editor of the Indianapolis Journal: What is the origin of the word lady? ACTON, Ind. L. E. L. According to the Springfield (Mass.) Union, the word "lady" is derived from the AngloSaxon hlafdie, which is compounded of two words-half, bread, and weardian, to look after or have the care of. From this it may be inferred that the original "lady" was the kitchen girl, as the "wife" was the weaver of the family. MRS. ANNA CORA OGDEN-MOWATT-RITCHIE,


Article from The Indianapolis Journal, February 18, 1886

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Article Text

An error occurred in the figures in the Indianapolis Savings Bank receivership report in the Journal of yesterday, the amount of bills receivable collected being placed at $25,571.63, whereas it should have been only $5,571.63.


Article from The Indianapolis Journal, May 1, 1886

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weighing 1-2lbs, for a cents. ECEIVER'S SALE-BY VIRTUE OF AN OR R der of the Superior Court of Marion county, State of Indiana, in cause No. 23688, in the matter of the receivership of the Indianapolis Savings Bank, the real estate belonging to said trust is offered for sale at private sale until the 26th day of May, 1886, and all the residue of such real estate remaining un. sold will be sold at public sale, at the south door of the court-house, in the city of Indianapolis, Marion county, State of Indiana, on Wednesday the 26th day of May, A. D. 1886, commencing at 10 'clock A. M., and continuing from day to day until all of said real estate shall be sold. All sales shall be subject to the approval of the court. Catalogues of the property can be had on applica tion to the undersigned at the Bank of Commerce. Terms of Sale-One-third cash in hand and the residue in two equal installments, payable in six and twelve months from date of sale, with 5 pรฉr cent. at. torney's fees. and bearing interest at the rate of 6 per cent. per annum, the purchaser securing said deferred payments by notes negotiable and payable in some bank in the city of Indianapolis, without any relief from valuation or appraisement laws, and by mortgage on the property sold. If preferred the purchaser may pay all cash. Applications for the purchase of any of the above property will be received by the undersigned, at the Bank of Commerce, in the city of Indianapolis. JOHN W. FAY, Receiver.


Article from The Indianapolis Journal, May 3, 1886

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ANNOUNCEMENTS. BARREL OF FLOUR IS 196 LBS. A A pound of butter is 16 ounces. A loaf of bread is a loaf of bread, no matter what it weighs. So see that you get the worth of your money by buying Bryce's bread, now weighing 112tbs, for 5 cents. ECEIVER'S SALE-BY VIRTUE OF AN ORR der of the Superior Court of Marion county, State of Indiana, in cause No. 23688, in the matter of the receivership of the Indianapolis Savings Bank, the real estate belonging to said trust is offered for sale at private sale until the 26th day of May, 1886; and all the residue of such real estate remaining unsold will be sold at public sale, at the south door of the court-house, in the city of Indianapolis, Marion county, State of Indiana, on Wednesday the 26th day of May, A. D. 1886, commencing at 10 o'clock A. M., and continuing from day to day until all of said real estate shall be sold. All sales shall be subject to the approval of the court. Catalogues of the property can be had on application to the undersigned at the Bank of Commerce. Terms of Sale-One-third cash in hand and the residue in two equal instaliments, payable in six and twelve months from date of sale, with 5 per cent. attorney's fees, and bearing interest at the rate of 6 per cent. per annum, the purchaser securing said deferred payments by notes negotiable and payable in some bank in the city of Indianapolis, without any relief from valuation or appraisement laws, and by mortgage on the property sold. If preferred the purchaser may pay all cash. Applications for the purchase of any of the above property will be received by the undersigned, at the Bank of Commerce, in the city of Indianapolis. JOHN W. RAY, Receiver.


Article from The Indianapolis Journal, July 2, 1886

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A Savings Bank Dividend, Col. John W. Ray, receiver of the old Indianapolis Savings Bank asked Judge Walker yesterday for an order authorizing him to make a 5 per cent. dividend to the creditors of the bank on July 13, and thereafter. The order was granted. This will make a total of 65 cents on the dollar to the creditors of the bank.