5288. Markleville State Bank (Markleville, IN)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
March 1, 1927
Location
Markleville, Indiana (39.978, -85.615)

Metadata

Model
gpt-5-mini
Short Digest
becb783303244760

Response Measures

None

Description

The Markleville State Bank was closed by the Indiana state banking department on March 1, 1927 and a receiver (Citizens Bank of Anderson) was appointed. Coverage describes insolvency, bad loans, and appointment of a receiver; there is no contemporaneous description of a depositor run. The institution remained in receivership and did not reopen; later litigation and asset sales followed.

Events (4)
1. March 1, 1927 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closed by state banking department due to insolvency after excessive bad loans and decline in real-estate/farm security; management failures cited.
Newspaper Excerpt
The Markleville State Bank ... was closed this morning at the request of the directors by Thomas D. Barr, deputy state bank commissioner ...
Source
newspapers
2. March 2, 1927 Receivership
Newspaper Excerpt
The Citizens Bank, of Anderson, through its president, Neel M. McCullough, immediately came to the assistance of the depositors, agreeing to take over and liquidate the assets ... Citizens bank of Anderson appointed receiver until such time as the appointment can be made permanent.
Source
newspapers
3. March 3, 1927 Other
Newspaper Excerpt
Finding that defendant bank is in an insolvent condition. That said bank has been closed by the State Bank Commissioner and the assets and possessions of said bank are now in the hands of said commissioner. Citizens bank of Anderson appointed receiver ... agrees to serve without pay.
Source
newspapers
4. November 19, 1930 Other
Newspaper Excerpt
The Markleville State bank building has been sold at auction ... The bank was closed three years ago when the state banking commissioner filed action for receivership. Sale of the building was ordered ...
Source
newspapers

Newspaper Articles (21)
1. March 2, 1927 Anderson Daily Bulletin Anderson, IN
Article from Anderson Daily Bulletin, March 2, 1927

Click image to open full size in new tab

Article Text

Depositors Guaranteed 65 Percent Doors of Bank Were Closed This Morning By State Banking Officials At Request of Directors of Institution-Citizens Bank of Anderson Agrees To Liquidate Assets of Company Which Listed Deposits of $170,000. The Markleville State Bank, located at Markleville, twelve miles southeast of here, was closed this morning at the request of the directors by Thomas D. Barr, deputy state bank commissioner, assisted by Morris Stults, state bank examiner of this district, and R. H. Wurtemberger, assistant. The Citizens Bank, of Anderson, through its president, Neel M. McCullough, immediately came to the assistance of the depositors, agreeing to take over and liquidate the assets, paying depositors 65 percent cash on demand and the remain- der when and if realized. will be given credit Depositors the Citizens Bank for 65 percent of their total deposits and will call the bank in this city for arranging and get their check their accounts books. Depositors will not make Markleville Bank any more use of checks. Deposits in the Markleville State Bank March were 000. Directors of the Markleville in. stitution are Frank Staley, Charles Hardy, George Rittenour, Quincy Markle. Walter Stohler. Elmer Hardy and Ross B. Ham. STARTED IN 1913. The Markleville- State Bank hebusiness as private bank gan with capital of $10,000 in 1913 under the auspices of Clyde Keach. was changed to state bank in 1918. Ben Keach was president until LWO years ago. The management of the Keaches was unfortuwas at nate Crothersville, Ind., and elsewhere, said. Charles Hardy was installed Frank Staley as cashier two years ago and along directors have made other efforts to retrieve the errors of the former management, Agricultural against the new were and was deemed advisable to take the steps negotiated today through state officials. The state department ask the court to appoint the Citizens Bank liquidating receiver in order conserve without pay the assets deputy sioner, today expressed himself highly gratified the attitude of the directors under the regrettable conditions. especially that the bank conditions in Auderson are such uation which may arise promptly and State bank officials and McCullough were the bank all day. The action in closing institution caused little disturbance around Markleville, is Since the organization of the bank, new building occupy. ing prominent corner in Markle ville has been constructed by the bank occupied this institution. The structure. 73 STOCKHOLDERS. Benjamin Keach. now resident of Chicago and until two years ago cashier the bank, is the largest individual stockholder He is said to be the owner of forty shares the capital stock. There are stockholders in the institution. each from share up to forty Among the heavier stock. holders are Benjamin Keach. ville, and Elnathan Hays, of Sbirley. year ago the capital stock was increased to $25,000 and has since stood at that figure. The face value of the stock $100 per share, but is quoted $135. Stockholdin the bank live Markieville, castle, and Detroit. has been known In banking cles in Anderson for some time that the Markleville bank was in hard lines Excessive loans on farm propof trouble. When real estate and farm property declined in value, out from under bank and left but little substantial foundation on which to base busilisted the bank ness. Assets amount to

2. March 3, 1927 Anderson Daily Bulletin Anderson, IN
Article from Anderson Daily Bulletin, March 3, 1927

Click image to open full size in new tab

Article Text

Court News CIRCUIT COURT RECORD. Erma Wright vs. Chester Wright, divorce. Motion for citation for defendant filed. Citation ordered returnable March ะ‘. State of Indiana VB. Charley Pugh, of liquor. Defendant being in open court and being arraigned on charge in affidavit, pleads guilty. Finding that defendant is guilty of charge set out in affidavit and that he is 43 years of age. That he be imprisoned in the Indiana state prison for a period of one to two years. Fineu in the sum of $25 and costs. State of Indiana ex rel Luther Symons YS. Markleville State bank, application for receiver. Cause submitted on application. Finding that defendant bank is in an insolvent condition. That said bank has been closed by the State Bank Commissioner and the assets and possessions of said bank are now in the hands of said commissioner. It being shown by deputy state bank commissioner that in order to conserve the interests of depositors and stockbolders in said bank, receiver should be appointed and an emergency exists for the appointment of receiver. Citizens bank of Anderson appointed receiver until such time as the ap pointment can be made permanent. The Citizens bank now in open court by its president Neel M. Mc. Cullough, accepts sale appointment as receiver and agrees to serve without pay. The clerk of this court is ordered to give notice to depositors and stockholders by publication that further consideration of matters pertaining this receiver will be heard at 9 a. m., Friday, March 4. The bank department of the State of Indiana Is hereby ordered and directed to turn over to this receiver all and singular of said property now in its hands. Receiver ordered to take charge of all assets of said bank. Receiver is hereby authorized to advance money to this trust as in his judgment seems fitting and proper for rellef of depositors and is further authorized to borrow money on assets of this trust to obtain further security on notes belonging to said trust, and to do and perform any and all things necessary to conserve the interest of said bank. SUPERIOR COURT RECORD. John E. Sbirk, trustee va. Eugene A. Albright et al, to enforce tax lien. Cause reinstated for the purpose of completing Issue as to Oscar G. Miller. Default of Oscar G. Miller. Finding for cross complainant Frank M. Millikan, that he is the owner of real estate deseribed in the complaint and title quieted in. him. Charles T. Sansberry appointed commissioner to make deed. Deed reported and approved. Henry Williams VS. Clay Morgan, on lost note. Tridence beard and continued.

3. March 4, 1927 Anderson Daily Bulletin Anderson, IN
Article from Anderson Daily Bulletin, March 4, 1927

Click image to open full size in new tab

Article Text

SENSIBLE VIEW BEING TAKEN BY DEPOSITORS LACK OF EXCITEMENT OVER BANK'S FAILURE IS NOTICEABLE. Markleville People Show No Resentment DEPOSITORS LEAVE MONEY IN BANK WHEN PAYMENT Citizens Bank of This City Will 18. sue Checks For Fifty Percent of Whatever Money Depositor's Pass Book Calls For There is noticeable lack of excitement or resentment among stockholders and depositors in the Markleville State Bank, whose doors were closed Wednesday by Thomas D. Barr, assistant state bank comNon bank's financial Neel president of the Citizens bank this city, which was appointed receiver to liquidate affairs of the Markleville bank, that never before has experiencsituation Markleville under existing conditions. Creditors all seem to realize that could be done to keep its doors open to patrons and closed only after the last ditch had been reached. DON'T WANT MONEY. Additional by Judge Carl Morrow in the cirwith the receivership sult that was brought against the bank Tuesday. Minutes that made ply confirm what was originally done the court proceeding Depositors are taking their pass books the Markleville bank. where they being balanced. the books are balanced, representative of the receiver who stationed bank puts his on them. The pass books are then brought to the Citizens bank in Anderson, where the owner can check out of his money he desires. Practically every leaving the money the bank. Record time in handling defunct bank was made in this case. The bank was closed. the books examined. the Citizens bank appointed receiver inside of ten hours.

4. October 5, 1927 The Anderson Herald Anderson, IN
Article from The Anderson Herald, October 5, 1927

Click image to open full size in new tab

Article Text

CALLS SUPERIOR DOCKET. Judge Lawrence Mays called the superior court docket Tuesday, and made entries in more than forty cases. marked the official opening of the October term of superior court, although the term really began Monday when Judge Carl Morcalled the circuit court docket. RELEASES PUBLC FUNDS. An order was made by Judge Morreleasing public funds deposit in the Markleville State bank when the bank was closed by the state banking department, March The Citizens bank later named receiver. When the bank failed had on deposit $6,533.55. Adams township had made deposits of $27,287.02 and the town Markleville had on deposit at the bank $791.26. The bank directors had given bonds instead of surety bonds for the public funds. Fifty per cent. of the public money had been paid, and the order which was made yesterday provides for payment balance totalling $17.The order was made on petition of the directors, who wished to effect settlement for public funds. NEW TRIAL GRANTED. Judge Morrow Tuesday granted new trial for Aalonza Smith, colored, of Muncie, in suit against Clifton Cranor, also Muncie, for damages. The court held that Cranor's attorney made an improper argument. Smith was arrested suspect in robbery Crantor's home and later released without trial. filed. Evidence heard. Finding that the petitioners and each of them are sureties for the Markleville State bank on public depository bonds Adams township, town of Markleville and Madison county. That ceiver has paid to each of said depositories the amount equal to 50 per cent. of amount of respective deposits March 1927 and that the petitioners as sureties for said depository bonds have paid Adams township and to the town of Markleville $400.25 and to Madison county $3,343.06 the same being the full amount balance of respective deposits together with accrued interest thereon full settlement and satisfaction all obligations on account of said bonds. That any future dividends on account of said respective deposits which receiver herein may distribute to depositors in further administration of receivership be paid to said intervenors in equad partition to each.

5. November 7, 1927 Anderson Daily Bulletin Anderson, IN
Article from Anderson Daily Bulletin, November 7, 1927

Click image to open full size in new tab

Article Text

The sale of the Marion Williams farm, containing 329 acres and cated south of Markleville, was ordered sold today by Judge Carl Morrow in circuit court. The sale was ordered on petition of the Citizens Bank, as receiver for the Markleville State Bank. The farm had been deeded to the Markleville bank by its owner,' before the bank was closed March by the state banking department, at which time the receiver appointed. Because of the the farm, may become necessary to divide into small tracts in order to secure bidders. READ THE BULLETIN WANT ADS

6. November 25, 1927 Anderson Daily Bulletin Anderson, IN
Article from Anderson Daily Bulletin, November 25, 1927

Click image to open full size in new tab

Article Text

Court News SUPERIOR COURT RECORD. vorce. Affidavit showing non-residence of defendant filed Notice or. dered returnable Jan. 20 Nickolas Messlam va. New York Chicago and St. Louis Railway Company, damages for false arrest. Jury returns verdict for defendant CIRCUIT COURT RECORD. National Exchange Bank VS Ches ter 8 Jonce, et al, note $125. Finding for plainter in sum of $90.10 principal and interest, and $9 attor. neys fees, to draw 8 percent interest. for sale of roal estate Petition by Belia Etchison for leave to amend Green and Sons Company YS. Ma sewer assumements Answer of Alvin Packing Company account and recelver. $38,000 Answer of Frazier Packing Company filed William H. May vs. Daniel W of defendant Brown filed Arthur W Brady, receiver Union Public Service Commission of India Motor Coach Com Fort to vacate and pame. enjoic order of Public Service for plaintiff on first paragraph of cigal and $56.88 attorneys fees. Finding for plaintiff in sum of $358. 75 principal and interest on fifth paragraph of complaint and $85 at fees cipal and interest, and $14.80 attorneys fees. S. Bank Jones K al, note $560 Finding for plaintiff in sum of $455 principal and interest and $60 attorneys fees. Judgment to draw percent inter est Citizens Bank YE Chester S. Jones, note $130 Rule against defendants to answer by Nov. 28 National Exchange Bank VS. Chester S. Jones, note $200. Finding for plaintiff in sum of $154 50 principal and interest and $15.40 attorneys fees. Judgment to draw 8 percent George Wilkinson VR. Viola Wilk inson. partition of real estate. Report of sale of real estate by com missioners approved State of Indiana ex rel Luther Lymons vs. Markleville State Bank receiver Answer of Metropolitan Life Insurance Company to petition of receiver to sell real estate filed. Inventory of property and assets Edgar M. Clark, administrator of the estate of Nellie Parsons, deceased vs. Raymond K. Parsons, et al. petition to sell real estate. Report of sale approved. Commercial Bank and Trust Com pany( as administrator of the estate Frank Adam et al, petition to sell real estate. Waiver and consent to sale by Elizabeth Adam Edward C. Adam. Kendallville Trust and Sav. ings Company. guardian, filed. Inventory and appraisement filed. Anministrator ordered to sell real estate without notice Citizens Bank vs. Chester S. Jones, et al, note, $130. Dismissed.

7. May 2, 1928 The Anderson Herald Anderson, IN
Article from The Anderson Herald, May 2, 1928

Click image to open full size in new tab

Article Text

Grants Authority To Bring Action Creditors and Depositors Seek To Recoup Losses In Bank Failure. STOCKHOLDERS SUED Attempts Will Be Made to Collect Statutory Liability On Stock. Granting of authority in circuit court Tuesday morning for the creditors and depositors to bring against the officers and the Markleville State Bank which was closed March 1927, by Luther Symons, state bank examiner, was followed Tuesday afternoon by the filing of suits against three of the stockholders of the bank to collect the statutory liability on the stock they held in the defunct institution The suits were brought against Luiu Dobson, Anderson rural route $300, and Kenneth and Ruby Mitchell, Middletown rural route 3, demanding $2,500 and $500 respectively. The who were made defendants in the sufts were the owners of capital stock those sums. They lost these sums by the failure of the bank, and the creditors and depositors of the institution are now seeking to hold them responsible for additional sums in amounts equal to the value of the stock they owned. The suit which is to be brought against the officers and directors the Markleville bank will be in the name of the Citizens bank, receiver. Judge Carl Morrow also authorized an investigation into the cirsurrounding the failure of the bank Attorneys for the creditors and one qualified permisston were given permission examine the bank records now in the hands of the receiver. Sues For $600 Earl Young, proprietor of the Har ter hotel. Bobby Smith and June Payne, occupants of an automobile which collided with an automobile driven by Fred Windlan, at and Main streets March 10, are made defendants in $600 damage suit filed in circuit court by Windlan's father, Fred Windlan. The automobile driven by Young Windlan was overturned. Agreement Reported Elmer Todd, executor of the tate of Aaron McCord. former wealthy Madison county land owner, and Ozro Todd, guardian for Mc Cord's daughter, Nellie Loudenback, an inmate of state hospital for the iLsane, filed petition in circuit court, asking Judge Morrow ratify an agreement entered into between the guardian and John McCord, who is serving term in the state prison at Michigan City for alleged criminal assault on young girl. Under the terms of the will receive most of the estate. The agreemnt provides that 341 acre farm in the McCord estate will be conveyed to the guardian to hold in behalf of his ward. The will of William Tunes, form erly of Pendleton, was admitted probate in circuit court. The will bequeaths all of the estate, consisting of property, to the widow, age

8. May 2, 1928 The Anderson Herald Anderson, IN
Article from The Anderson Herald, May 2, 1928

Click image to open full size in new tab

Article Text

SUITS FILED Circuit Court Citizens Bank, receiver for the Markleville State Bank Lulu Michell. to collect statutory liability steck. Citizens Bank, receiver for the Markleville State Bank, V8. Ruby Mitchell, colect statutory Hability on stock, $500. Citizens Bank, receiver. VS. Kenmeth Mitchell, -collect statutory liability on stock, $2,500. Fred Windlan VS. Earl Young, et al. damages: $600. Superior Court Alton Reynolds Delores Reynolds; divorce.

9. May 15, 1928 Anderson Daily Bulletin Anderson, IN
Article from Anderson Daily Bulletin, May 15, 1928

Click image to open full size in new tab

Article Text

Court News SUPERIOR COURT RECORD. Mary Jones VS. National Life and Accident Insurance Company, demand on insurance policy. Jury sworn to try cause. Evidence heard in part. Shelby H. Bentley V5. Edith Bentley, divorce. Cause continued until Tuesday May 17. Carl J. Anderson vs. the Pennsyl vania Railroad Company, damages, $600 Affidavit of defendant for change of venue from county filed CIRCUIT COURT RECORD Lee Stormm. administrator es tate of Magdaline Johnson et al., petition to sell real estate. Default of all defendants except Anderson Loan Association Finding for plaintiff that real estate should be sold to make assets. Appraisement by John Law and Sam Guard in sum of $1,800. Lee Stormm, administrator of es tate of Magdaline Johnson at al., petition to sell real estate Fred L. Goodrich VS. Lewis T. Stebbing, breach of contract Interrogatories by plaintiff to be answered by defendant filed. Motion by plaintiff to strike out interrogatorles and 11, inclusive. filed. Hugh Malone V8. Western Oil Refining Company, foreclose lien, $1. 190. Rule against defendants to answer by May 21. State of Indiana vs David Low. Motion by defendant to quash first Ideal Heating Company vs. Hee for D. Kirk et al., mechanic's lien. Separate answer of Sophrone Kirk filed. Separate answer of Hector D. Kirk filed. Counter claim of Hec tor D. Kirk filed. State of Indiana ex rel Luther Sy mons VS. Markleville State Bank receiver Petition of receiver for order of authority to sell real es tate. Notice to Mutual Life Insur ance Company ordered returnable May National Exchange Bank VS. M. P. Miller, note. Rule against de fendauts to answer by May 21. chael P. Miller. note. Rule against defendants to answer by May 21. LANDLADY'S HAZARD. Chicago, May 15.-There's a dis tinet hazard in being a landlary, especially when your tenant has police dog. Take the case of Mrs. Ostajkovich who had Ignacy Miotow. ski and his dog locked up because Iguacy set the dog upon her when she came to collect the rent.

10. June 15, 1928 Anderson Daily Bulletin Anderson, IN
Article from Anderson Daily Bulletin, June 15, 1928

Click image to open full size in new tab

Article Text

Court News SUPERIOR COURT RECORD. Atlas Securities Company vs. Har ed. divorce Ideal Furnace Company vs. William Welker, account. Dismissed. Hilary J. Berning vs. Duard D. Goodyear Rubber Company VE Fred Webb. et al, account. Dismiss ed. A. M. Legs Shoe Company vs. Na tional Exchange Bank of Anderson, guaranty Dismissed. Lorene McQuithy vs. George Mc Quithy, divorce. Dismissed. Balke Collander Co V8 Edward Mason and Clifford Rudd. Dismissed Waterproof Paper and Board Company vs. Henry O. Lehr. account Dismissed. Louise Levine and Sons vs. Rice & Hutchens vs. Oliver Dip boye, note Dismissed Indianapolis Fancy Grocery Company VS. O. R. Russell, note. Dis Clara Valentine vs John Valentime. divorce. Dismissed Ella 8. Lawson VS. John W. Law son. divorce. Dismissed Mary Kiser VS. Everett Kiser divorce. Quincy O'Neill vs Robert Gilmore et al, lien: alias summons ordered for each defendant returnable June Virgil Gustin VS. Mildred Gustin, divorce. Cross-complaint of Aetendant petition for support filed. Elwood Lumber Company vs. John Harris, account Dismissed Walworth Company vs. Samuel Gentry. account. Dismissed CIRCUIT CURT RECORD Fall Creek School Township VS. the School Township of Pendleton, et al. complaint. Court files declaratory judgment Ex parte James W. Bailey, et drainage. Time for making commin sioners report extended to July 30, 1923 State of Isdiana ex rel Luther Symons vs. Markleville State Bank, receiver. Report of sale of real as tate approved. Deed ordered. deed reported and approved.

11. February 11, 1929 Anderson Daily Bulletin Anderson, IN
Article from Anderson Daily Bulletin, February 11, 1929

Click image to open full size in new tab

Article Text

MARKLEVILLE BANK FAILURE DEPOSITORS WHO LOST MONEY CALL ON PROSECUTING ATTORNEY Grand Jury Action Is Next Probable Step RYAN ANNOUNCES HIS PLANS IN CONNECTION WITH THE BANK'S SUSPENSION Will Affidavits, Says, But will Present All Available Evidence To Members of Grand Oswald prosecuting attor the Madison grand which soon will be convened. the question of whether or not there any criminal liability on the part of bank officials for the failure of the State Bank. Markleville, the doors of which are now closed. Numerous persons who lost money through the failure of the bank have consulted the prosecuting torney, Mr. Ryan said, and urged made the mahagement existence. The closed by Luther Symons, bank March 1927. The Citizens Bank, of Anderson, was appointed receiver in circuit court, and the receivership suit brought in the same court by number depositors who money when the state banking department took over the institution, and are seeking to recover damages to coup at least portion of that loss. These complaints are directed against the seven members of the board of directors of the bank, had supervision of its affairs. GRAND JURY ACTION Prosecuting Attorney Ryan said today he has definitely decided on course he will regarding complaints which he says are being made him leged mismanagement of the bank's business affairs, and reputed failure of bank officials to do their duty. The state's attorney he will not file affidavits against any one official or other connection with the bank. He will, however, present the matter to the grand jury when meets, Mr. Ryan stated, and if any indictments are returned against bank officials, he will prosecute cases, "the prosecutor serted. Any evidence that furnished the grand will be by persons who lost money when the bank's doors were closed and its affairs placed in receivership hands

12. February 22, 1929 The Anderson Herald Anderson, IN
Article from The Anderson Herald, February 22, 1929

Click image to open full size in new tab

Article Text

COURT MINUTES Circuit Court Olive E.Watson, administrator of the estate of John G. Watson VS. Arthur W: Brady, receiver: damages. Motion to strike out parts of complaint sustained. Motion to make complaint more specific, filed. Alma L. Wolford. administratrix of the estate of Harold O. Wolford VS. ages. Motion to strike out parts of complaint sustained. Motion to make complaint more specific, filed. Cecil E. Hodges, administratrix of the estate of William M. Hodges VS. Arthur W. Brady, receiver. Motion to make complaint more specific, filed. Viola Poisel. administratrix of the estate of Charles O. Poisel vs. Arthur W Brady, received: damages. Motion to strike out parts of complaint sustained. EH R. Miller et al vs. Martin L. Yoakem et al: for money held pend Ing decision of court. Demurrer to amended complaint filed. State of Indiana ex rel Luther Symons vs. Markleville State bank; receiver. Petition by receiver for order of authority to release judg ments vs. Paul Rash upon payment of $200 filed. Prayer granted. Union Traction Co. of Indiana VS. George McFall. et al: appropriation of land. Report of apprais ers approved and appropriation confirmed. Appraisers allowed $10 each. Costs vs. plaintiff. Judgment. Ex parte James W. Balley et al; drainage. Comes now the parties and the trial of this cause is resumed. Further evidence of petitioner heard. Cause continued to February 22. Anderson Loan Association vs. Thomas Marbury, et al: foreclose mortgage Verified petition of Anderson Loan Association for ap. pointment of receiver pending year of edemption filed. Consent of defendant Marbury filed. Chester Hughes appointed receiver to take charge of property. Superior Court Ralph W Sawyer VS. Ralph L. Johnson, Mertie Johnson; possession of real estate. Dismissed. Thomas Spradlin vs. Ruth SpradIn: divorce. Proof of service by sheriff of Milwaukee county, Wisconson, on defendant filed. Sheriffs costs paid. Mary S. Fromholz V8. Fordinand Fromholz divorce. By agreement defendant is ordered to pay $5 per week as support for plaintiff and child. Flossie w. Brown VR. Clarence O. Brown; divorce, Defendant defaultod, Prosecutor ruled to answer Cause submitted. Evidence heard Finding for plaintiff that she is on.

13. March 1, 1929 The Anderson Herald Anderson, IN
Article from The Anderson Herald, March 1, 1929

Click image to open full size in new tab

Article Text

COUNTY GRAND JURY PROBING BANK'S LOANS Residents of Markleville and Adams Township Will Give Testimony. KILLING TO BE PROBED Prosecuting Attorney Will Indictment Against Colored Prisoner. Investigation of the affairs of the Markleville state bank preceeding failure two years ago today will completed this morning by the Madicounty grand Jury. number witnesses were heard yesterday, all them being residents of Mar kleville and Adams township except Neel president of the Citizens The zens Bank is receiver for the defunct institution. The grand gave Frank former cashier the Markleville bank, and his assistant, Terrel Ham. former assistant cashier now employed by the Delco-Remy Corp. this city an opportunity to appear before the grand jury. waive their constitutional rights, and make statements. Ham availed himself of this Staggs, coach. opportunity, appeared and testified. The probe being conducted by Prosecuting Attorney Oswald Ryan. Scrutinize Bad Loans. will be the last season for Staggs The jurors said to be investigating reports that officers of the bank made loans without security. The identity of the witnesses who have been subpoenaed indicates that AIRCRAFT COMPANY these loans are being carefully investigated. It is said that six seven bad loans were responsible for VACATES OLD FIELD collapse and its BUSpension by Luther Symons, state bank examiner. With the bank failure investiga- Progress Made On New Airport and Plane Factory. negro stabbing that occurred the night of Sunday, December The Orin Welch Aircraft Company at the residence of Bernice John- yesterday completed moving from in the Irondale addition. Elmer the old field of the city to new Roundtree, the victim, is supposed site bought recently south of Anderhave been killed by his host folstate road number 67. Good lowing day of carousal and the re- son on futal one of the parties pay weather which has prevailed during debt contracted card game. the week made It possible for the Johnson has since been hed prisoncompany to get off the land before er in the Madison county jail. March 1, the date which lease held It was learned last night that some expired (Continued On Page Three) Work of rebuilding the old dairy

14. June 14, 1929 The Anderson Herald Anderson, IN
Article from The Anderson Herald, June 14, 1929

Click image to open full size in new tab

Article Text

Nothing to Say Despite his scandalous reputation for frank speech, "Old Soak" arrived in New York enroute to join his master, Secretary of State Stimson, but had nothing to say for publication. His stock retort to every question was "Pretty Polly," which is without doubt the essence of diplomacy. returnable June 28. Summons for Anderson Loan association and Standard Loan and Savings association to sheriff of Madison county, returnable June 28, Ralph C. Hughes, Eweda Hughes vs, George T. Popplewell. et al: bill of interpleader. Answer of plainliffs to cross-complaint of Van H Osborne filed. Cause assigned for trial, July 18. Boys Inc Orville Robimissed Citizens Bank, receiver for the Markleville State Bank, VS. Charles E. Hardy et al: damages. Motion to strike out parts of complaint filed Roy Ridenour VS. Luther Harris Pearl Harris: note, alias summons for defendants ordered returnable June 29. Superior Court Gilbert A. Hoppes vs. William A Welker. George Welker; possession dismissed. Maggie A. Woolums VS. William Woolums: divorce. Defendant restrained from selling or encumber ing any of his property. Citation ordered returnable June 17. Peterson Lumber and Coal Co. vs. William H. Dennis, Anna Dennis: account Plaintiff's answer to interrogatories filed. Anderson Loan Association vs Ole E. Sutton, et al; note. Cleon W. Mount accepts jurisdiction as special judge, July 8 fixed as date to close issues. Glenn H. Garner VS. Connie M Garner; divorce. Plea in abatement filed by defendant. Samuel J. Riley VS. Cletus Saunders: commission. Amended com plaint filed. Farmers Trust Co. VS. Zeigler Mtg. Co.: receiver. Final report examined and approved. Receiver discharged. Kathleen Thompson V8. Carl Thompson: divorce. cross-complaint of defendant filed. Answer to complaint In general denial filed. Virgil Wallace VS. Erma Wallace: divorce. Answer in general denial and cross-complaint filed. Olive Davis vs. Williams Leavell. et al: partition. Report of sale of real estate filed and approved. Deed ordered, reported and approved.

15. September 14, 1929 The Anderson Herald Anderson, IN
Article from The Anderson Herald, September 14, 1929

Click image to open full size in new tab

Article Text

DEEDS RECORDED William H. Bronnenberg to Harry M. Cook and wife, pt. sec. twp. 19, range Clifford Crouse to N. Salling, Lumber Co., lot 80, Pittsford 4th addn., Anderson Walter H. Aiman Roger G. Ritz, lot 14, Hardin & Slack addn. Pendleton Wade Donnelly Helen M. Seabury. lot 222 Edgewood Hills, Madison county plaintiff in the Grant superior court at Marion, November 14, 1919. The defendant is alleged to have failed the original judgment of $350 and the interest that has accrued. CASE IS SETTLED Habeas corpus proceedings filed in circuit court few days ago by Mrs. Minnie Fox, Anderson, seeking custody of her two daughters, nine and eleven years old, has been settled. The children have been turned over to the mother by her divorced husband, Joe Fox, and his relatives at Alexandria, and will remain in the custody of the plaintiff during the school year. SUITS FILED. Circuit Court. Neva Ryan VS. Orlando J. Ryan: on judgment, $625 Charles Crosser VS. Edgar McMullen; damages, $750. Superior Court. The First National Bank of Elwood Wallace F. Swank, et al; note, $500. Prudential Loan Co. vs. Tillett & Morris, et al; replevin. COURT MINUTES. Circuit Court. Sheboygan Chair Co. VS. John Seramur; receiver. petition of Anderson Banking Co. and mitted. Evidence heard. Finding that be allowed claim in sum of $1,000 as claim in addition to collateral held by Bulletin & Mig. Co., vs. Style Shoppe, Inc., Intervening petition of Emma Munchoff Evidence heard. Claim lowed as general claim in sum of $25. Court orders that and his attorneys be the sum of $350 for receiver and $350 for attorneys to be paid as charges. Emma Heath Lake Young guardian. Emma Heath appointed guardian to take charge of defendant and estate Advance Rumley Thresher Co., Inc. vs. Emma Garland Brookbank; note. Default of defendants taken. Cause Evidence heard Finding for plaintiff on note in sum of $52.77 principal and interest and $20 attorney fees all without relief. Costs vs. defendants. Cases dismissed Stanley G. Buxton vs. John Armond, note; Dan Silvers vs. Betty Sylvester, Wm. W. Sylvester, note; Bessie Fuller vs. Frank Fuller, judgment; Citizens Bank, receiver for the Markleville State Bank, Lundy receiver The Farmers and First National Bank of VS. National Exchange Bank of Anderson, judgment; National Bank Anderson VS. Myrtle Brown, Phoebe Longaker, Madison County Trust Co. Daisy Fox, Mellett Printing Frank L. Scanlon, account; The Commercial Bank vs. Daniel Brown, Phoebe Longaker, note; Strout VS. Edward Lyst, damage to gods; George Kelser & Co. vs. Clyde A. Hubbard, account; Hudson Essex Co. vs. Glenn Scott, foreclose automobile lien; Ella vs. Charles Flanagan; Webb C. Vernon vs. Sam Jones; Joseph Sobel VS. Karl ejectment; Rufus Smith VS. William Dickson, et foreclose lien: William in R. Jones vs. Horace E. Laws, et mortgage: Securities Co. Tracy Miller, et al, foreclose mortgage: Madison Trust Real Estate Co., vacate parts of alley; Grace A. Baldwin VS. Charles Thornburg, as superintendent of the Madison County Orphans Home. Superior Court. John G. Gray VS. Bessie Glazer Henry Glazer: damages. Elvin Wisehart, one of the jurors, being sick and unable to report, parties by counsel agree that cause may procced with eleven jurors, and no exceptions taken. Plaintiff moves to dismiss first paragraph of complaint sustained. Cause continued to Sept. 16. Helen Blake vs. William A. Blake: divorce. Amended cross-complaint filed. Hatfield Campbell Creeek Coal Co. vs. North Anderson Coal Co.: account. Restraining order dissolved. Hartley Noftsker vs. Anna Noftsker: divorce. Affidavit for change of venue from county filed and sustained. Court names Delaware. Hamilton Tipton and Grant counties.

16. October 29, 1929 The Anderson Herald Anderson, IN
Article from The Anderson Herald, October 29, 1929

Click image to open full size in new tab

Article Text

MAKES RULINGS OFIMPORTANCE Overrules Demurrers to Complaint In Markleville Bank Case. SUIT DEMANDS $4,000 Injury of Kokomo High School Football Players In Bus Mishap Recalled. Judge Carl F. Morrow made a number of important rulings Monday in cases pending in circuit court. The court overruled demurrers filed by defendants in & suit brought by the Citizens Bank, as receiver, against the directors of the defunct Markleville State Bank. motion filed by attorneys for Charles E. Miller, rubber manufacturer, to strike out certain parts of a complaint filed by Gustav Jordon against Miller in an attempt to recover $100,000 for alleged alienation of the affections of his former wife, Clara Jordan, was sustained by Judge Morrow Complaints filed by Leonard Furnish and George Lelius in separate suits against city of Anderson for damages out of accidents must be reformed under rulings made by Judge Morrow. SUIT ASKS $4,000. Suits was filed in circuit court Monday by Willis B. Dye, Kokomo, demanding $4,000 damages for burns and injuries sustained by his son, Thomas Dye, in a motor bus collision that occurred on the outskirts of the city of Mishawaka, October 29, 1927. The suit was brought against Arthur W. Brady, receiver for the Union Traction Company of Indiana, and Raymond R. Smith, receiver for the Chicago, South Bend and Northern Indiana Railway Company. The complaint states that the Union Traction Company entered into an agreement to transport the Kokomo high school football team, of which young Dye was member, from Kokomo to Elkhart, in one of the company's motor buses. The bus bename disabled and arrangements were made for the football team to make the return trip in bus owned by the Chicago, South Bend and Northern Indiana Railway Company. At the edge of Mishawaka the bus collided with a pole supporting high voltage electric wire. The young football player was shocked by being thrown into contact with a wire and was permanently injured. the father asserts. Wolfe. Roll & Spenk, Kokomo. are attorneys for the plaintiff. OPEN PYLE ESTATE. The estate of the late Samuel J. Fyle, consisting of $2,000 personal property, was opened yesterday in circuit court. The widow, Montie E. Pyle qualified as administratrix to settle the estate. DIVORCE CASES. to more receiver for the M. Hardy, al; Demurrer to complaint by each defendant overruled. Superior Court Dorance Markland vs. Jessie Markland; divorce. Defendant defaulted. Prosecutor ruled to defend. Cause submitted. Evidence heard PlainLiff granted disorce. Costs vs. plainCarrie Thompson vs. Roy Thompson; divorce. Answer of defendant in general denial filed. Cause submitted. Evidence heard. Plaintiff granted divorce and custody of the minor children. Defendant ordered to pay $10 per week as support. Court confirms property agreement. Costs VS. defendant. Judgment. Elsie Boring vs. Dallas Boring: divorce. Defendant defaulted. Plaintiff granted divorce. Custody of child given to the paternal grandmother. Costs VS. defendant. Judgment. Allen Burns vs. Elizabeth Burns; divorce. Defendant defaulted Plaintiff granted divorce. Costs vs. plainEtta O. Bryant vs. Jesse W. Ellis. Thomas P. Ellis: note. Alias summons for Jesse W. Ellis sent to sheriff of Delaware county, returnable November 17.

17. June 28, 1930 Muncie Evening Press Muncie, IN
Article from Muncie Evening Press, June 28, 1930

Click image to open full size in new tab

Article Text

MARKLEVILLE BANK CASE UP MONDAY June 28. Suit brought by depositors in the former Markleville State Bank to recover losses they are alleged to have sustained when the bank failed and was receiver's hands on March 1928, expected to trial in circuit court next Monday. Attorneys both sides today nounced that the case, which is set the court's calendar for trial on Monday, will likely be started that time. The suit brought by Citizens Bank, as receiver, on behalf of 115 bank depositors to from the board of the loss they when state banking authorities took charge of the institution and closed its doors, thus precipitating receivership proceeding. Individual losses alleged to have been sustained depositors range from $5 up to $2,500. and the total amount judgment that asked in the complaint is which depositors are seeking from bank officials. Summons for about forty witnesses to appear court Monday were today and placed in the hands of Sheriff Daniels for service. The entire personnel of the defunct bank's directorate is made fendants in the case. rectors are parties to suit Hardy. Hardy, Walter Stohler, Quincy Markle, George Ross Hamm, Frank Staley, Ulysses Lewis and Harry Hardy. Humrickhouse and Bagot, Freen and Bagot are attorneys the depositors. Charles Smith and Diven, Diven and Campbell have charge the defense for the bank directors. The case set for trial the court calendar for trial by jury.

18. October 18, 1930 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, October 18, 1930

Click image to open full size in new tab

Article Text

Closed Bank Has Balance Bu Times Special ANDERSON, Ind., Oct. 18.Operation of the Markleville State bank from March 1, 1927, when it was closed by the state banking department, to Sept. 30, this year, is shown in a report filed in Madison circuit court by Neel M. McCullough, receiver. Receipts were $130,116.16, while disbursements totaled $120,405, leaving a balance of $9,811.97. The figures do not include $79,000 worth of real estate owned by the bank. The institution had 590 depositors, with savings totaling $94,172.81. The depositors have been paid $40,004.34 as a partial distribution.

19. October 22, 1930 The Anderson Herald Anderson, IN
Article from The Anderson Herald, October 22, 1930

Click image to open full size in new tab

Article Text

Old REV. BENTLEY. Whether the present generation youth superior to the ates will be determined during the program of the family fellowship night at the First Methodist church evening. Phil Keltner and Merrill Vance will support the affirmative of the discussion "Resolved, that the youth of today are superior to the youth of the ceding generation." The negative will be presented by Delores Sharp and Virginia Richey. The debate part of the program arranged by Dr. Freeland Hall, minister. Families of the parish will gather for dinner at 6:30 o'clock There will be congregational singing and devotional service and an address by Dr. L. C. Bentley, superintendent of the Kokomo district. man; foreclose lien. Answer of plaintiff to first paragraph of answer of defendant Cannon and Berner filed. Answer of plaintiff withdrawn. State of Indiana ex rel Luther Symons VS. Markleville State Bank; receiver. Petition by receiver for order of authority to expend $173 in repairs McDaniel farm filed and approved. William Hellums VS. Roy Slater, et al; lien. Dismissed. Ollie B. Quick. VS. the Pennsylvania Railroad Co., et al; damages. Motion by defendants to make complaint specific filed. Charles R. Quick, et VS. Pennsylvania Railroad Co., et al; damages. Motion to make complaint more specific filed. Charles R. Quick, et al. V8. Pennsylvania Railroad Co., et al; damages. Motion to make complaint more specific filed. Harley Forsythe VS. Hiram Fox: judgment. Defendant defaulted. Cause submitted. Evidence heard. Finding for plaintiff in sum of Costs vs. defendant. Judgment. Joseph Sobel, Mary Sobel VS. Elizabeth Connelly, et al; injunction. Cause submitted. Evidence heard in part. Cause continued to 9 m. October 22. Superior Court. Ira Emminger vs. Clarence C. Leib; alienation of affections. Affidavit by for change of venue from county filed. Norman Robinson vs. Cornelia Robinson; divorce. Calvin D. Critchlow, Murry Gray VS. Onnie Peak, et al; lien. Defendruled to answer by next call. The Rybolt Heating Co. vs. Leroy Baker, et al; lien. Defendants ruled to answer by next call. The First National Exchange Bank of Sidney, O., vs. Clyde M. Line; judgment. Defendants a'nswer to complaint filed. Juanita Kinder VS. Charles Kinder: divorce. Alias ordered for defendant returnable November Minnie Blake vs. John R. Blake: divorce. Defendant defaulted. Prosecutor ruled to Ex parte Lettle C. Anderson, et al; drainage. Report of drainage commissioners filed. Expense account filed and approved. Ann Olesky V5. Mary Hules: slander. Motion to strikeout parts of complaint filed. Milton O. P'Simer VS. Lewis Whetlien. Dismissed. Mae Marshall vs. Harry Marshall; divorce. Dismissed. Harrell E. Chism vs. Charles Zimmerman: account. Plaintiff's reply to second paragraph of answer filed. Laura Millspaugh vs. Virgil Gentry: account. Defendant ruled to anby next call. George Mason vs. Leon Hook, Marie Hook; note. Cause submitted Evidence heard. Finding that plaintiff recover principal and interest and $43.38 attorney fees, without relief. Judgment draw per cent.. Costs vs. defendants. Judgment. Elwood Lumber Co. Abraham Levi. et al: lien. defaulted. Cause submitted. Evidence heard. Finding that plaintiff recover $82.24 and $32.33 attorney fees, without relief: that lien be foreclosed. Costs vs. defendants. Judgment. Jeanette Windoffer VS. George Windoffer; divorce. Answer of defendant in general denial filed. Mary E. Mock vs. Joseph D. Mock: divorce. Answer of defendant general denial filed. Cause submitted. Evidence heard in part.

20. November 19, 1930 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, November 19, 1930

Click image to open full size in new tab

Article Text

Bank's Building Sold By Times Special MARKLEVILLE, Ind., Nov. 19.The Markleville State bank building has been sold at auction to J. E. Edwards, Anderson, for $2,700. The bank was closed three years ago when the state banking commissioner filed action for receivership. Sale of the building was ordered by Judge Carl F. Morrow of Madison circuit court.

21. May 29, 1932 The Anderson Herald Anderson, IN
Article from The Anderson Herald, May 29, 1932

Click image to open full size in new tab

Article Text

OLD BANK SUIT TO BE DROPPED Receiver Moves to Dismiss Demand on Directors. Dismissal of suit brought three ago against nine directors of the defunct Markleville State Bank by the Citizens Bank, as receiver, was asked in motion filed circuit court yesterday by attorneys for the receiver The suit had been brought to recover money by depositors when the Markleville bank failed. The amount was about $60,000. Negligence in the conduct of the bank's affairs was alleged in the complaint. In meantime. attorneys for the plaintiff have withdrawn from the case. The motion for dismissal. filed by the law firm of Bagot, Free Morrow, probably will be sustained by Judge Lawrence Busby this week unless unforseen objections arise. Those who were made defendants in the suit are Charles M. Hardy, Harry Hardy, Ulysses Lewis, Frank Staley, Ross Hamm, George Rittenour. Quincy Markle, Walter Stohler and Elmer J. Hardy. ASSAULT TRIAL CALLED. Judge Busby has called the circuit court jury into service Tuesday morning for trial of Francis Ogle, of Elwood, who charged with criminal assault on Nelle Manis of this city. WILL PROBATED The will of Mrs. Mattie Stinson was admitted to probate yesterday in circuit court. The husband, George Stinson, directed to receive his deceased share of the estate long as he remains single. In the event he should terms of the will, the estate is to be transferred immediately to Roy Ringo. The instrument was witnessed Jan. 23, 1931. PADLOCK CASE. Padlock proceedings that are pending in Delaware circuit court against Sam and Ada Thornbury, alleged bottleggers Muncie, will be heard June by Judge Busby, who has been selected as special judge. The hearing has been twice because of other business in the Delaware county court. SUITS FILED Circuit Court. The Federal Land Bank of Louisville VS. Rubie R. Apple, Grace Apple, Gilbert Mary Dowden, Albert Dowden, Pearl Dowden, Walter A. Windell, George C. Keller, Pendleton Trust Pendleton Banking Co, George M. Vandergrift, Gladys Vendergrift. George W. Vandergrift and Cora B. Vandergrift, suit to foreclose mortgage. Joseph T. Day. Josephine Etchison VB. Roy Etchison; divorce. George O. Chambers. Superior Court. Lapel Savings Loan Assn. vs. Jesse Whitecotton, Bertha Whitecotton; foreclose mortgage. Clarence O. Davisson. COURT MINUTES Circuit Court. John Davis as guardian of person and estate of Samuel H. Jones Milton H Blacklidge and Farmers State Bank of Summitville, suit on note and to foreclose mortgage. Answer of Farmers State Bank filed. Answer of plaintiff of Farmers State Bank filed. Default of Milton H. Blacklidge taken. Jacob Long vs. Shirl Brunson al: finding for plaintiff in sum of $43.12 against Shirl Brunson. Finding for all other defendants. Charles Carey VS. Nicholas Mesalm. $20,000 damages. Plaintiff's amended complaint filed. Mary E. Cree vs. Robert H. Cree: divorce. Answer of prosecuting attorney filed. Fee paid. Citizens Bank, receiver for Markleville State Bank vs. Charles M Hardy al; Motion by plaintiff to dismiss cause of action filed. Rilla Fesler VS. George E. Fesler: divorce. Plaintiff answers to defendant's motion modify State vs. Joseph Reagan; manslaughter. Finding of jury for defendant.